USD 1 billion
Report ID: SQMIG25E2055 | Region: Global | Published Date: August, 2023 | Pages: 157 | Tables: 94 | Figures: 76
Global System On Module Market size was valued at USD 1 billion in 2022 and is poised to grow from USD 1.15 billion in 2023 to USD 3.06 billion by 2030, at a CAGR of 15% during the forecast period (2023-2030).
The system on module market is driven by factors such as the increased adoption of advanced technologies like the Internet of Things (IoT) across various industries. The growing volume of data and the demand for software-defined radio (SDR) are also contributing to the market growth. Additionally, factors such as the rising demand for embedded devices in the medical sector, the development of self-driving cars, and the proliferation of industrial automation are further fueling the market expansion. However, the lack of trained workforce and skilled expertise poses a challenge to market growth. The complexity of x86-based modules and high costs associated with them also hinder the growth rate of the system on module market. The report on the system on module market covers recent developments, trade regulations, production analysis, market share, impact of domestic and local players, opportunities in emerging revenue pockets, market regulations, and technological innovations. For more information and market insights, it is recommended to contact Data Bridge Market Research for an Analyst Brief to make informed decisions regarding market growth.
Global Market Size
USD 1 billion
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The global system on module market can be analyzed based on various segments by type into arm architecture, architecture, power architecture and others. By application the market is segmented into industrial automation, medical, transportation, communication, aerospace & defense and others. By end-use industry, the market is segmented into manufacturing, healthcare, automotive, consumer electronics, aerospace & defense and others. By region, the market is segmented into North America (United States, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific) and Rest of the World.
Analysis By Type
ARM Architecture is the type of SoM that is based on the ARM (Advanced RISC Machines) architecture, which is a popular choice for embedded systems. ARM-based SoMs offer low power consumption, scalability, and a wide range of performance options, making them suitable for various applications. SoMs based on the x86 architecture are designed to be compatible with the Intel x86 instruction set. These modules provide high processing power and are commonly used in applications that require robust computing capabilities, such as industrial automation, digital signage, and medical devices. SoMs based on the Power Architecture, developed by IBM, offer a combination of performance, power efficiency, and scalability. Power Architecture SoMs are commonly used in applications such as networking equipment, automotive systems, and aerospace.
Analysis By Application
oMs are widely used in industrial automation applications for controlling and monitoring processes, machinery, and equipment. They provide a compact and integrated solution for automation systems. Also, SoMs find applications in the medical field for various purposes, such as patient monitoring, medical imaging, diagnostic equipment, and portable medical devices. They enable efficient data processing and connectivity in medical devices.
SoMs are utilized in the transportation sector for applications like automotive, railways, aerospace, and marine systems. They enable advanced features like infotainment systems, navigation systems, driver assistance, and communication modules.
Application by End-use
The global System on Module (SoM) market can be segmented by end-use industry, and among these industries, the healthcare sector is experiencing the highest growth. The increasing adoption of embedded devices and technologies in the medical field is driving the demand for SoMs. These modules are utilized in various healthcare applications, including medical imaging, patient monitoring systems, diagnostic devices, and wearable healthcare devices. The integration of SoMs enables efficient data processing, real-time monitoring, and connectivity, thereby enhancing the overall healthcare experience. Additionally, the rising need for remote healthcare services and the development of advanced medical devices contribute to the growth of the SoM market in the healthcare industry. As a result, the healthcare sector is expected to continue its strong growth trajectory in the SoM market in the coming years.
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The Asia-Pacific region is experiencing significant growth in the SoM market. Factors such as the rapid adoption of advanced technologies, increasing investments in IoT, rising demand for embedded devices in various industries, and the presence of major semiconductor manufacturers in countries like China, South Korea, and Japan contribute to the growth in this region. The expanding manufacturing and automotive sectors, as well as the emergence of smart cities, further boost the demand for SoM solutions in Asia-Pacific.
North America is another region witnessing considerable growth in the SoM market. The presence of major technology companies, advancements in IoT, and the increasing demand for connected devices drive the market in this region. The widespread adoption of SoM in applications such as healthcare, automotive, aerospace, and consumer electronics contributes to the market's growth in North America. Additionally, the focus on developing autonomous vehicles and smart infrastructure further fuels the demand for SoM solutions.
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Increasing Adoption of IoT
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Leading market players in the System on Module (SoM) industry are heavily investing in research and development (R&D) to expand their product portfolios, which is expected to drive further growth in the market. These companies are also undertaking various strategic initiatives to enhance their global presence, such as introducing new products, entering into contractual agreements, pursuing mergers and acquisitions, increasing investments, and collaborating with other organizations. To remain competitive in this dynamic and growing market, competitors in the SoM industry must focus on providing cost-effective solutions that meet the evolving demands of customers.
Top Player’s Company Profile
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, The System on Module market is expected to witness significant growth in the near future. Several factors contribute to this growth outlook. The increasing adoption of advanced technologies such as the Internet of Things (IoT) across various industries is driving the demand for System on Module solutions. The growing volume of data and the demand for software-defined radio (SDR) are also fueling the market growth. The medical sector's need for embedded devices and technologies, as well as the development of self-driving cars in developed economies, are further boosting the demand for System on Module solutions. Additionally, the proliferation of industrial automation processes is driving the market expansion. However, challenges such as the lack of trained workforce and skilled expertise, system complexity in x86-based modules, and high costs associated with the modules may hinder the growth rate to some extent. Overall, the System on Module market is poised for growth due to the increasing demand for advanced technologies and embedded solutions across various industries.
|Market size value in 2022||USD 1 billion|
|Market size value in 2030||USD 1.15 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global System on Module Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global System on Module Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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