Global System On Module market, which accrued revenue worth nearly 1.60 (USD Billion) in 2019, will record the CAGR of nearly 14.9% over the period from 2020 to 2026.
New York, United States - November 3, 2020 /MarketersMedia/ —
As per the analysts at Zion Market Research, the global system on module market was valued at about USD 1.60 billion in 2019 and is anticipated to expand at approx 14.9% CAGR during the forecast period. The global system on module market is extremely fragmented with the existence of a number of component suppliers and manufacturers around the world. Few of the prominent players actively participating in the global system on module market consist of Congatec, Digi International, Kontron, SECO, Advantech, and Adlink.
Thriving Embedded Computing Market To Boost The Demand For System On Module
The system on module market is growing swiftly as manufacturers are concentrating on building compact yet extremely efficient modules. The requirement is propelled by embedded systems because of their computing performance and ultra-low power consumption. Over the years, the embedded systems have achieved recognition on account of their broad array of applications in a number of industries. Significant advantages of these constituents are scalability and flexibility they provide in designing embedded systems. As a result of this, they are being used in application-ready devices and custom designs required in the defense and medical industries. Industrial automation and robotics have changed processes of manufacturing with the execution of complex embedded systems, making a market for a more powerful and efficient system on modules. Further, electronics and medical industries have been changed by artificial intelligence with the incorporation of sophisticated features, generating avenues for the growth of the global system on module market.
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Maximum Share Of The Global Market Expected To Be Captured By ARM Product Segment
The global system on module is bifurcated based on application, product, and region. The application segment of the market is divided into medical, test & measurement, transportation, industrial automation, and entertainment. The product segment of the market is categorized into ARM, x86, and power. Of these, the major share in the market is held by ARM processor architecture and is estimated to show a considerable rate of growth. ARM-based processors are used by manufacturers for their boards and modules because of their lesser complexity in comparison to x86 processors. The recognition of ARM-based processors within the system on module market has swiftly escalated on account of their single cycle computing with decreased instruction sets.
Asia Pacific To Hold The Dominating Position In The Global Market
Asia Pacific is expected to show a considerable rate of growth in the system on module market attributable to augmented manufacturing facilities by worldwide OEMs in nations like India and China. Further, the economic developments are propelling the demand for powerful computing devices and advanced embedded systems. A major revenue share is contributed by Europe in the market. France, the UK, and Germany are countries having a huge count of automotive and other manufacturing firms, driving the implementation of advanced embedded systems within industrial automation. Moreover, European nations have a well-built infrastructure and abilities to take on new computing technologies.
The global system on module market is segmented as follows:
By Application
x86
ARM
Power
By Product
Test & Measurement
Medical
Industrial Automation
Transportation
Entertainment
By Region
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
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Source: MarketersMedia
Release ID: 88984093
