System On Module Market Size, Global Analytical Overview, Key Players, Regional Demand, Trends and Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's System On Module Global Market Report 2023 identifies increase in deployment of industrial robots as the major driver for the System On Module market's growth in the forecast period. Industrial robots are mechanical machines designed and programmed to carry out industrial tasks. These industrial robots include embedded systems that are assembled using the systems on module assemblies. For instance, according to the International Federation of Robotics (IFR), 3 million industrial robots were operating worldwide in 2021. Global robot installations grew 13% to 4.35K units, compared to 38.4K units in 2020. The robot installations are anticipated to rise at a steady rate of 6% from 2021 to 2024. As a result, the increasing deployment of industrial robots is driving the system module market.

The global system on module market size is expected to grow from $2.01 billion in 2022 to $20.25 billion in 2023 at a compound annual growth rate (CAGR) of 11.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The system on module market size is expected to grow to $3.18 billion in 2027 at a CAGR of 9.0%.

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Major competitors in the System On Module market are Kontron S&T AG, TechNexion Ltd., Toradex, VIA Technologies Inc., Axiomtek Co., Ltd., Connect Tech Inc., Congatec AG, EMAC Inc., Eurotech Inc., Microchip Technology Inc., National Instruments Corporation, Phytec Embedded Pvt. Ltd., AAEON Technology Inc., Advantech Co., Ltd., Avnet Inc., and Avalue Technology.

A key trend in the System On Module market includes Technological advancement. Major companies operating in the system-on-module market are introducing innovative technologies, such as the iW-Rainbow-G46M solderable system on the module, to sustain their position in the market.

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The System On Module market is segmented -
1) By Type: ARM Architecture, x86 Architecture, Power Architecture, Other Types
2) By Component: Hardware, Software
3) By Standard: COM Express, SMARC (Smart Mobile Architecture), Qseven, ETX (Embedded Technology Extended), Other Standards
4) By Application: Industrial Automation, Medical, Entertainment, Transportation, Test And measurement, Communication, Other Applications

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the System On Module market.

The Business Research Company's "Global System On Module Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The System On Module Market Include:
1. Executive Summary
2. System On Module Market Characteristics
3. System On Module Market Trends And Strategies
4. System On Module Market - Macro Economic Scenario
5. System On Module Market Size And Growth
……
27. System On Module Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The System On Module Market
29. System On Module Market Future Outlook And Potential Analysis
30. Appendix

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