System on Module (SoM) Market is Gaining Momentum by key players Advantech, Axiomtek, Emac

According to our latest market study on "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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Key Players: National Instruments; Advantech Co., Ltd.; Axiomtek Co., Ltd.; Emac, Inc; and Microchip Technology, Inc.

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.

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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.

The system on module market players are mainly focused on the development of advanced and efficient products.
In 2022, SiFive partnered with an AI processor maker, BrainChip. The combination of the respective technologies of these companies is expected to provide chip designers with optimized machine learning (ML) and artificial intelligence (AI) for edge computing.

In 2020, SoMLabs and e2-s (Embdes Engineer Solutions) had signed a memorandum of understanding (MoU) and planned to collaborate on the development of custom product designs or carrier boards based on the SOMs.

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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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