System on Module (SoM) Market is expected to reach US$ 3,682.64 Million by 2028

According to the new research report published by The Insight Partners, titled "System on Module (SoM) Market Forecast to 2028 - Global Analysis - by Component, Hardware Type, Standard, Application, and Geography," the market is expected to grow from US$ 2,174.8 million in 2022 to US$ 3,682.64 million by 2028; it is expected to grow at a CAGR of 9.2% from 2022 to 2028. Technological Advancements to Drive the System on Module (SoM) Market during 2021-2028

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The growing use of control systems, robotics, and the Internet of Things (IoT) technologies to maintain processes in industries is one of the prime factors driving the adoption of system on modules. The solutions incorporated with SoM features such as high accuracy, precision, and enhanced manufacturing process performance. The use of an integrated SoM is rising as it helps enhance manufacturing, product assembly, supply chain management, and logistics operations. Manufacturers are increasingly replacing their conventional computing systems with compact and cost-effective solutions enabled by SoMs. Thus, widespread applications of SoMs in industrial automation processes, including process control and discrete manufacturing, are driving the system on module market growth.

The system on module is an embedded technology that incorporates all the computing components in a single hardware module. The hardware module is integrated with software to make the system ready to use. The SoMs allow customers to use advanced technologies such as system on chip (SOC) and flash memory drives. The growing applications of SoM solutions to improve the performance, reliability, and scalability of computer systems increased their popularity among end-user industries. SoMs provide a cost-effective solution that optimizes operational costs in commercial and other applications. The development of off-shelve computers on the module and application-specific carrier boards would further fuel the market growth. Advancements in digital technology and industrial automation have significantly increased the demand for SoM solutions.

Companies Mentioned are: National Instruments; Advantech Co., Ltd.; Axiomtek Co., Ltd.; Emac, Inc; and Microchip Technology, Inc.

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North America is anticipated to dominate the global system on module market in the coming years. The market growth in the region is ascribed to the significant presence of major healthcare & industrial automation companies in countries such as the US and Canada. North America is characterized by rapid developments in autonomous and unmanned technologies in the automotive sector. Further, the integration of electronic content in modern vehicles of Ford, Tesla, and Renault, to support uninterrupted communication and wireless connectivity is anticipated to fuel the system on module market growth during the forecast period.

Market Insights - System on Module Market
The flourishing trends of deploying industrial robots in the manufacturing sector are significantly driving the adoption of SoMs in industrial automation. SoMs improve the industrial control processes and operations of factory equipment and industrial robots. South Korea is anticipated to contribute significantly to the Asia Pacific system of module market growth due to highest adoption of robot in industrial sector. Further, the continuous advancements in communication systems and sensors are also accelerating the demand for SoMs to deliver high productivity. Industry 4.0 has bolstered the adoption of service robots as robotics helps achieve high manufacturing productivity. The growing use of embedded systems in robots to reduce their reliance on external computing systems is also bolstering the system on module market growth.

Global System on Module Market Segmentation:
By Component
Hardware and Software

By Hardware Type
ARM
X86
POWER
FPGA
GPU
DSP
RISC-V

By Application
Industrial Automation
Entertainment
Medical
Transportation
Test and Measurement
Video Application

By Standard
Qseven
SMARC
COMExpress

Global System on Module Market by Region
North America
Europe
Asia Pacific
Middle East and Africa
South America

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Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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