Press release
System On Module Market Analysis 2024-2033 : Forecast Market Size, Top Segments And Largest Region | Axiomtek Co Ltd., Reliance Industries Ltd., Avnet Inc., Advantech Co Ltd
System On Module Global Market Report
The Business Research Company presents an extensive market research report on the System On Module Global Market Report 2024 , furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The system on module market size has grown strongly in recent years. It will grow from $2.22 billion in 2023 to $2.43 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to adoption of advanced sensor technologies, development of modular and flexible testing solutions, emphasis on real-time testing and simulation, cloud-based testing solutions, focus on data analytics and predictive maintenance.
The system on module market size is expected to see strong growth in the next few years. It will grow to $3.53 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to 5G integration and connectivity, rise of edge computing, increased demand for AI and machine learning integration, expansion of IoT (internet of things) ecosystem, growing focus on cybersecurity in embedded systems. Major trends in the forecast period include customization and configurability, integration of AI accelerators, focus on power efficiency, shift towards RISC-V architecture, and enhanced security features.
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Key Market Players:
Major companies operating in the system on module market report are Axiomtek Co Ltd., Reliance Industries Ltd., Avnet Inc., Advantech Co Ltd., Kontron S&T AG, Mercury Systems Inc., DFI Inc., AAEON Technology Inc., Avalue Technology Inc., iBase Technology Inc., SECO S.p.A., Eurotech S.p.A., Congatec AG, Phytec Messtechnik GmbH, iWave Systems Technologies Pvt Ltd., Toradex AG, TechNexion Ltd., Intrinsyc Technologies Corporation, VersaLogic Corporation, iENSO Inc., MYIR Tech Limited, Enclustra AG, Critical Link LLC, Variscite Ltd., SolidRun Ltd., Shiratech Solutions Ltd., Emtrion GmbH, TorizonCore by Toradex, Forlinx Embedded Technology Co Ltd.
Market Drivers:
The increase in deployment of industrial robots is expected to propel the system on module market. 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 on module market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/system-on-module-global-market-report
The system on module market covered in this report 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
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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