April 03, 2020
As per the report titled ‘System on Module Market Size By Product (ARM, x86, Power), By Application, Industry Analysis Report, Regional Outlook , Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2019 - 2025’, available with Market Study Report LLC, the global system on module market is projected to reach USD 3.5 billion by the year 2025.
Increasing utilization of embedded computing across various industry verticals including defense, energy, and healthcare is fueling the growth of system on module market. These modules offer real time operations along with compatibility support for various software platforms and operating systems. Inflowing investments by government in various countries to develop advanced vehicle and security systems to strengthen their defenses will augment the market growth in the forthcoming years.
Rising demand for advanced robotics, automation, and integration of industry 4.0 technologies such as IoT, cloud computing, and cognitive computing across the manufacturing sector will propel the growth of system on module market. Automotive industry will play a key role in expanding the business landscape on account of increasing adoption of robots to streamline their production process. Accurate computing, scalable architectures, design flexibility and sustainability in harsh working conditions are the benefits propelling the demand for system on module in the robotics industry.
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On the other hand, increased complexity, high manufacturing cost, and additional costs associated with implementation of IoT and smart factory may hamper the market growth during the forecast period. Integration of application specific architectures and operating systems is another challenge for the system on module market.
Based on the product type, system on module market is categorized into ARM, x86, and power. x86 market segment is anticipated to see a sizeable growth in the coming years. Despite the escalating price of x86 architecture, its wider application area as compared to ARM processors is driving the segment growth.
Speaking of the application scope, system on module market is classified into industrial automation, medical, entertainment, transportation, test & measurement, and others. Power generation application segment is expected to witness a considerable growth during the forecast timeline owing to the decentralization of power generation. Increasing demand for compact system on modules for synchronization of several power generators and creation of microgrids is augmenting the segment growth.
Prominent players of system on module market include AAEON Technology, Inc., Advantech Co., Ltd., Avalue Technology, Avnet, Inc. (MSC Technologies), Axiomtek Co., Ltd., Congatec AG, Connect Tech, Inc., EMAC, Inc., Kontron S&T AG, Eurotech, Inc., National Instruments Corporation, Microchip Technology, Inc., SECO S.p.A, Phytec, Toradex, TechNexion, and VIA Technologies, Inc.
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