Press release
System on Module Market Insights, Latest Analysis, Future Growth, Top Companies, SWOT Analysis, Forecast to 2028
The "Global System on Module Market Analysis to 2028" is a specialized and in-depth study of the System on Module market with a special focus on the global market trend analysis. The System On Module Market is expected to grow from US$ 2,174.8 million in 2022 to US$ 3,682.6 million by 2028; it is estimated to grow at a CAGR of 9.2% from 2022 to 2028. Based on geography, the global system on module market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. In 2021, Asia Pacific led the system on module market analysis with a share of over 34%, followed by North America and Europe. Taiwan and China are the leading semiconductor manufacturing countries in Asia Pacific. Rising GDP per capita in developing countries, such as India and China, is resulting in a large consumer base for high-tech consumer electronics, including smartphones, smart wearables, personal computers, television sets, and washing machines.System on Module Market research involves the study of various factors affecting the industry, including market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers, and challenges. New Report on "System on Module Market" makes a brilliant attempt to unveil key opportunities available in the global System on Module Industry to help players in achieving a strong market position.
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Adapting to the recent novel COVID-19 pandemic, the impact of the COVID-19 pandemic on the global System on Module Market is included in the present report. The influence of the novel coronavirus pandemic on the growth of the System on Module Market is analyzed and depicted in the report.
Top Listed Players in this Report are:
Microchip Technology, Inc.
Advantech Co. Ltd.
SoMLabs
Axiomtek Co., Ltd.
Connect Tech Inc.
National Instruments Corporation
MAC, Inc.
congatec GmbH
AAEON
Emcraft Systems
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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.
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Component-Based Insights
Based on component, the system on module market size is segmented into hardware and software. A System on Module (SoM) or Computer on Module (CoM) is a ready-to-use, small form-factor, and computing solution encompassed with application agnostic hardware and software for creating any embedded product. The SOM gives core components of an embedded processing system which includes communication interfaces, memory blocks, and processor cores on a single production-ready printed circuit board. This approach makes SOM suitable for embedding into end systems, beginning from security cameras to high-end applications like robots & smart cities.
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