System on Module Market to amass US $2990 Mn by 2024

October 17, 2019


According to the latest study titled ‘Global System on Module (SOM) Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024’ available with Market Study Report LLC, the global system on module market is estimated to accumulate US $2990 million by the year 2024.
 

System on module (SoM), also termed as computer on module (CoM), is a chip on a single printed circuit board containing components such as clock, RAM, microprocessor, Ethernet, I/O controllers and flash memory. It is a subtype of embedded computer system and is a contoured and flexible alternative for single board computers. The growth of SoM market is fueled by technological advancements in embedded systems and rising demand for compact & power-efficient products.
 

The study analyzes system on module market for segmental shares and growth opportunities. It also provides a detailed synopsis of trends, challenges, distribution channels, marketing strategies, consumer spectrum, and drivers impacting the market growth.  
 

Based on type, the SoM market is fragmented into ARM architecture, power architecture, x86 architecture and other, wherein ARM architecture segmented is presumed to grow significantly, due to the introduction of multicore processors on portable devices, cites the report. 
 

Speaking of application spectrum, the industry is divided into medical, industrial automation, transportation, entertainment, test & measurement, and others. As per the report, system on module market from industrial automation segment is anticipated to expand substantially over the analysis period, owing to the necessity of enterprises to automate, maximize output, and improve cost-effectiveness.
 

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Considering the geographical landscape, the global system on module market is segregated into five major regions. South America consists of Argentina, Brazil, and Colombia; Germany, Russia, UK, France, and Italy combines to form Europe; Asia Pacific comprises of India, China, Japan, Korea, and Southeast Asia; North America is composed of Canada, Mexico, and US; and UAE, Egypt, South Africa, Saudi Arabia, and Nigeria fall under Middle East & Africa. 

The key contenders of system on module market outlined in the report are Congatec, Kontron, MSC Technologies (Avnet), ADLink, Advantech, Portwell, SECO srl, Eurotech, Phytec, Technexion, Axiomtek, Toradex, Aaeon, Avalue Technology, and EMAC.


Frequently Asked Questions (FAQ) :

The growth of system on module market is fueled by technological advancements in embedded systems and rising demand for compact & power-efficient products.
ARM architecture segment of system on module market is presumed to grow significantly by the year 2024, due to the introduction of multicore processors on portable devices.
System on module market from industrial automation segment is anticipated to expand substantially by the year 2024, owing to the necessity of enterprises to automate, maximize output, and improve cost-effectiveness.
The key companies which define the competitive landscape of system on module market are Congatec, Kontron, MSC Technologies (Avnet), ADLink, Advantech, Portwell, SECO srl, Eurotech, Phytec, Technexion, Axiomtek, Toradex, Aaeon, Avalue Technology, and EMAC.