Press release
System On Module Global Market Set For Rapid Growth, To Reap Bulk Revenues, Application and Forecast to 2033 | Axiomtek Co Ltd., Reliance Industries Ltd., Avnet Inc., Advantech Co Ltd., Avalue Technology Inc.
System On Module Global Market
System On Module Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $3.53 billion In 2028 At A CAGR Of 9.8% :
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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System On Module Market Major Segments
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
Key Driver - Industrial Robot Surge Fuels Growth In System On Module Market
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.
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Prominent Trend - Technological Advancements Shaping The System On Module Market
Technological advancement is a key trend in the system on module market. 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. For instance, in April 2022, iWave Systems, an India-based software company, introduced a new solderable system on a module, the iW-Rainbow-G46M. The new system on the module is based on the NXP i.MX 8XLite application processor technology. It can serve as the foundation for small connection devices.
System On Module 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.
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the system on module market in 2023. The regions covered in the system on module market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. System On Module Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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