October 17, 2019
According to the new research report available at MarketStudyReport.com under the title ‘Global Single Board Computer (SBC) Market Growth 2019-2024’, the worldwide single board computer market is predicted to amass US $2400 million by the year 2024.
Single-board computer (SBC) is a complete computer that is manufactured on a single circuit board and comprises of functional computer components such as input/output, memory and microprocessor. Rise of wireless communication infrastructure and constant developments of product designing, coupled with growing demand of SBC applications in industrial computers, ATM machines, medical automation equipment, and robotic devices are the major factors fueling the market growth.
Easy availability of SBC computers and standardized format will trigger the demand of innovative devices in the industry. However, factors such as technological drawbacks and lack of cooling mechanism will restrain single board computer market growth.
According to the report, single board computer market was worth US $2060 million in 2019 and is projected to grow with a CAGR of 2.6% by the year 2024. Furthermore, the report offers a comprehensive insight about trends, drivers, challenges, and opportunities impacting the market growth.
Based on the product type, the market is segmented as ARM, power, x86, and others, wherein, x86 segment dominated the SBC industry and is expected to continue this trend over the forecast period, owing to its widespread use across sectors requiring accuracy and efficiency.
Speaking of the application spectrum, the single board computer market is fragmented as industrial automation, education & development, transportation & harbor, military & aerospace, network appliance, data centers, energy & utilities, entertainment & public service, and others.
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Considering the regional landscape, the global SBC market is divided into four major regions; Asia Pacific consists of China, Japan, India, Australia, Southeast Asia, and Korea; Russia, Germany, France, Italy, UK, and Spain fall under Europe; Americas comprise of Mexico, United States, Brazil, and Canada; and Middle East & Africa is split into Egypt, Turkey, Israel, South Africa, and GCC Countries.
The prominent companies operating in single board computer market include Lemaker, Advantech, EVOC GROUP, Abaco, Texas Instruments, Emerson Electric, Arbor Solution, Curtiss-Wright, Axiomtek, AAEON, Eurotech, IEI Integration Corp, Portwell, Trenton Systems, Raspberry Pi, and Kontron.
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