Press release
Analyzing Market Performance: Single Board Computer Market 2024 - Growth Rate, Sales, Production, Consumption, Manufacturers, Shares, and Outlook Until 2033
Single Board Computer Market
The Business Research Company offers in-depth market insights through Single Board Computer Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The single board computer market size has grown strongly in recent years. It will grow from $2.72 billion in 2023 to $2.9 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to growing demand for embedded computing solutions, industrial automation, rise of internet of things (iot), expansion of the electronics manufacturing sector, increasing use in defense applications.
The single board computer market size is expected to see strong growth in the next few years. It will grow to $3.66 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to rise in edge computing applications, growing demand for artificial intelligence (ai) at the edge, expansion of 5g networks, surge in demand for autonomous systems, growth in robotics applications. Major trends in the forecast period include technological advancements/innovations, development of more compact form factors, increased integration of artificial intelligence (ai) capabilities, focus on energy efficiency, rising use of single board computers in edge computing.
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Market Segmentation:
The single board computer market covered in this report is segmented -
1) By Component: Solution, Service
2) By Processor: ARM (Advanced RISC Machine), X86 (80x86), Atom, PowerPC (Performance Optimization With Enhanced RISC - Performance Computing)
3) By End User: Industrial Automation, Aerospace & Defense, Consumer Electronics, Healthcare, Other End Users
Major Driver - The Role Of Single-Board Computers In Driving Growth Amidst Increasing Industrial Automation
The increasing industrial automation is expected to propel the growth of the single-board computer market going forward. Industrial automation refers to the automation and optimization of manufacturing processes, production activities, and industrial processes using technology, equipment, and control systems. Single-board computers (SBCs) play a crucial role in industrial automation due to their compact size, low power consumption, and the ability to provide computing capabilities in various applications like programmable logic controllers (PLCs), data acquisition, and processing. For instance, in October 2021, according to the International Federation of Robotics, a Germany-based non-profit organization, there were 23,000 industrial robots operating in UK factories in 2021, an increase of 6% from the previous year. Therefore, increasing industrial automation is driving the growth of the single-board computer market.
Competitive Landscape:
Major companies operating in the single board computer market report are Siemens AG, General Electric Company, Intel Corporation, Qualcomm Incorporated, Fujitsu Ltd., Hewlett Packard Enterprise Company, Nvidia Corporation, Texas Instruments Incorporated, Advantech Co Ltd., Kontron AG, Mercury Systems Inc., Digi International Inc., Adlink Technology Inc., Aaeon Technology Inc., SECO S.p.A., Radisys Corporation, American Portwell Technology Inc., VersaLogic Corporation, Eurotech Group plc, WinSystems Inc., NETBurner Inc., Connect Tech Inc., Olimex Ltd., Xilinx Inc., Arbor Solutions Inc.
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Top Trend - Market Leader Redefine Possibilities In The Evolving Single-Board Computer Landscape
Product innovation is a key trend gaining popularity in the single-board computer market. Major companies operating in the single-board computer market are developing innovative products with advanced features to strengthen their position in the market. For instance, in June 2023, DFRobot, a China-based open-source hardware provider, introduced UNIHIKER, which combines the power of a traditional Linux-based SBC with a microcontroller. It is a new category of single-board computer equipped with a display and a RISC-V MCU. UNIHIKER is a user-friendly and versatile single-board computer that offers a brand-new experience for developers and makers alike. It combines the power of a traditional Linux-based single-board computer with the convenience of a microcontroller and Internet of Things (IoT) capabilities, making it an ideal platform for learning and coding.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Single Board Computer Market Characteristics
3. Single Board Computer Market Trends And Strategies
4. Single Board Computer Market - Macro Economic Scenario
5. Single Board Computer Market Size And Growth
…..
27. Single Board Computer Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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