April 23, 2020
According to the research report titled ‘Single Board Computer Market Size By Component By Processor, By End-Use , By Application, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report LLC, worldwide single board computer market is expected to surpass USD 1 billion by the year 2025.
A single board computer offers benefits such as power efficiency, lightweight and compact size as compared to multiple board computers. Their production cost is relatively lower since they are well integrated, which in turn is a major factor driving the single board computer industry growth.
The product is used in applications that require embedded systems and are developed to conduct a task which only has input and output capabilities. Single board computer are integrated in processor-intensive applications and complex robotic systems. Increasing utilization of a single board computer as a substitute to microcontrollers is further aiding the market expansion. However, lack of compatibility and standardization associated with the product may act as a restrainer to the growth of global single board computer market.
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In terms of component type, cPCI (compactPCI) solution segment is expected to register significant growth in the forthcoming years. Growing demand for cost-efficient products which are suitable for extreme environmental conditions in order to ensure longevity is fueling the segmental growth. cPCI allows platform configuration as per the application requirements and thus, makes it highly scalable. It further offers dense computing performance, system management, hot swap, modularity and robustness. Increasing utilization of cPCI for high performance applications such as mining, energy, transportation, machine control and defense is fostering the segmental share.
Considering the geographical landscape, North America single board computer market is presumed to expand substantially during the estimated timeframe. Incorporation of SBC products in defense and manufacturing sectors along with availably of advanced IoT infrastructure is favoring the market outlook in North America.
Meanwhile, Asia-Pacific market will witness remunerative growth through 2025, primarily due to surging investments towards expansion of IoT infrastructure and favorable government initiatives which encourage smart city development.
Key contenders in single board computer industry are Xilinx, Toradex Inc., NVIDIA, Eurotech S.p.A, Connect Tech Inc., Broadcom, ARM, Advantech Co. Ltd., Texas Instruments, Samsung Electronics, Intel Corp., ADI Engineering, NXP Semiconductors, Shenzhen SINOVOIP Co. Ltd. and Qualcomm Technologies among others.
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