Press release
Single Board Computer Market size is projected to reach $3.80 billion by 2027, registering a CAGR of 4.6% from 2020 to 2027
According to a recent report published by Report Ocean, titled, “Single Board Computer Market By Processor and End Use: Opportunity Analysis and Industry Forecast, 2020–2027”, the global single board computer market was valued at $2.86 billion in 2019, and is projected to reach $3.80 billion by 2027, registering a CAGR of 4.6% from 2020 to 2027.GET SAMPLE PAGES @ https://www.reportocean.com/industry-verticals/sample-request?report_id=AMR1278
The single board computer market is expected to register substantial growth in the near future due to increase in demand for industrial automation and demand from the aerospace & defense industry. Single board computers are used in all areas of human life. They are integrated into most of the devices due to their compact size and high productivity. A single board computer resembles exactly like a motherboard of a standard personal computer; however, it contains everything that is required for a fully-functional computer. It is majorly used across applications such as kiosk counters, military rugged devices, medical equipment, and industrial automation.
The X86 processor segment was the largest revenue contributor in 2019, and is expected to grow at a CAGR of 4.8% from 2020 to 2027. This is attributed to the fact that X86 is better in performance and has been in demand over the past few years. ARM processors are estimated to grow at the highest CAGR of 5.1%, owing to low power consumption in application devices. Industrial automation was the highest contributor to revenue in 2019, owing to the adoption of single board computers in various applications such as industrial robots, machine & process controlling, humanoid robots, and others.
By region, the single board computer market trends has been analyzed across North America, Europe, Asia-Pacific, and LAMEA. The analysis identified that Asia-Pacific contributed maximum revenue in 2019.
The single board computer industry in Asia Pacific is expected to grow at a faster rate compared to other regions. Factors, such as increase in adoption of industrial automations and rise in demand for consumer applications, are estimated to contribute to the market growth in Asia-Pacific.
COVID-19 Impact Analysis
The COVID-19 pandemic has severely impacted the global single board computer market as production facilities have stalled, which significantly hampered the demand in industries. In addition, operations of production and manufacturing industries have been heavily impacted by the COVID-19 outbreak, thereby leading to the slowdown of the global single board computer market growth in 2020.
Key Findings of the Study
By processors, the X86 segment generated the highest revenue in the global market in 2019.
By end use, the industrial automation segment generated the highest revenue in the global market in 2019.
The key leaders profiled in the single board computer market analysis include Advantech Co. Ltd., Eurotech Group, Digi International Inc., Aaeon Technology Inc., Mercury Systems Inc., Intel Corporation, Adlink Technology Inc., Texas Instruments Inc., Xilinx Inc., and Qualcomm Incorpotated. These key players have adopted several strategies such as new product launch & development, acquisition, partnership & collaboration, and business expansion, to increase their single board computer market share during the forecast period.
READ FULL REPORT @ https://www.reportocean.com/industry-verticals/sample-request?report_id=AMR1278
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