Single Board Computer Market is Growing At A CAGR of 12.5% by 2024 by Key Vendors Advantech, Apple, Arm, Broadcom Inc., Eurotech, NVIDIA, NXP Semiconductors, Qualcomm, Raspberry Pi Foundation and Samsung Electronics

Single Board Computer Market is projected to collect noticeable revenue due to shifting consumer trends toward wearable electronics, electric vehicles, and the Internet of things (IoT) devices and solutions. IoT incorporated with embedded systems undoubtedly helps perform operations in real-time. Single board computers, which are basically hardware components integrated with IoT, garner a huge demand from numerous end-user industries. “Single Board Computer market will record a CAGR of 12.5% over the period of 2016 to 2024.”

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The increasing adoption of artificial intelligence coupled with the technology advancements such as enhanced reliability offered with the integration of SBCs due to increase in demand for solving complex problems provide lucrative growth opportunities to the single board computer market size.

VME technology segment contributed significantly to the single board computer market share, primarily due to its ability to be used in rugged industrial applications such as controlling motors and actuators. In addition, it provides real-time computing options and can support multi-master CPU arrangements to boost performance and processing bandwidth.

Customization services are anticipated to grow significantly over the coming years due to the increasing demand for tailor-made devices in the industrial automation and aerospace & defense sectors. Customized solutions offer specific hardware and software requirements for several applications. Furthermore, they provide enhanced degree of flexibility to the SBC and reduce cost and manufacturing time.

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Aerospace & defense applications segment are to observe high growth prospects with an estimated CAGR of over 13% in the next eight years owing to the rising demand for high density communication and enhanced performance in SWaP constrained environments. Furthermore, SBCs aids in transmission and reception of channels for air-data information for autopilots, displays and other flight associated controls on commercial and military aircraft.

x86 based single board computer market is driven by features such as faster processing and better power saving capabilities, making it suitable for harsh industrial environments. These processors are flexible and can be integrated with several new technologies effortlessly. For instance, Udoo x86 SBC is assimilated with the Curie module by intel, which includes a Bluetooth Low Energy radio.

U.S. single board computer market share was over 40% due to the presence of major players operating in the industry such as Advantech, Allied Electronics. Moreover, high demand across aerospace and defense may propel the regional growth. Advancements in the technology to offer low cost and efficient products have instigated the adoption across education sector for research related projects and among electronics engineers & professionals involved in the electronics design and development.

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To sustain their position in the business, market players are reducing product prices and developing a range of new, advanced products to attract a broader consumer base. Key players in single board computer market are ADI Engineering, Advantech Co., Ltd., Apple Inc, ARM, Connect Tech Inc, Broadcom, ConnectTech Inc., Eurotech S.p.A, NVIDIA, NXP Semiconductors, Qualcomm Technologies, Raspberry Pi Foundation, Samsung Electronics, SECO, Shenzhen SINOVOIP Co. Ltd., SolidRun Ltd., Nuance Communications, Texas Instruments, Toradex Inc., Xilinx.

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