System On Module Market Expected to Achieve 10% CAGR by 2029: Growth Forecast Insights

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What Will the System On Module Industry Market Size Be by 2025?
There has been a robust growth in the system on module market size in the past few years. The market is projected to rise from $2.39 billion in 2024 to $2.6 billion in 2025, marking a compound annual growth rate (CAGR) of 8.8%. Factors contributing to the spurt in growth during the past period include the adoption of sophisticated sensor technologies, creation of modular and adaptable testing solutions, the focus on real-time evaluation and simulation, the advent of cloud-based testing solutions, and an increased emphasis on data analytics and predictive maintenance.

What's the Long-Term Growth Forecast for the System On Module Market Size Through 2029?
In the forthcoming years, the system on module market is projected to witness robust growth, reaching a value of $3.8 billion by 2029, with an average annual growth rate of 10.0%. Factors contributing to growth during this forecast period include the integration and connectivity of 5G, the emergence of edge computing, an uptick in demand for AI and machine learning integration, expansion of the IoT ecosystem, and an increased emphasis on cybersecurity in embedded systems. Key trends to look out for during this forecast period include customization and configurability, incorporation of AI accelerators, a focus on power efficiency, a shift towards RISC-V architecture, and improved security features.

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What Are the Key Growth Drivers Fueling the System On Module Market Expansion?
Growth in the usage of industrial robots is anticipated to push the system-on-module market forward. These robots, mechanical devices designed and programmed for industrial operations, often include embedded systems built using systems-on-module assemblies. For example, the International Federation of Robotics (IFR), a non-profit organization based in Germany, disclosed that worldwide industrial robot installations hit 553,052 in 2022, indicating a 5% increase year on year. The market is predicted to burgeon by 7% in 2023, passing 590,000 units globally. Consequently, the escalating use of industrial robots is stimulating the expansion of the system on the module market.

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What Are the Key Trends Driving System On Module Market Growth?
The system on module market is seeing a significant trend in the form of technological advancement. Leading corporations in this market are launching groundbreaking technologies like the iW-Rainbow-G46M solderable system on the module to maintain their market standing. Take the case of iWave Systems, a software company from India that unveiled a recent solderable system on a module named iW-Rainbow-G46M in April 2022. This new system on the module leverages NXP i.MX 8XLite application processor technology and can act as the base for small connection devices.

How Is the System On Module Market Segmented?
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

Subsegments:
1) By ARM Architecture: Cortex-A Series, Cortex-M Series, Cortex-R Series
2) By x86 Architecture: Intel x86 Processors, AMD x86 Processors
3) By Power Architecture: PowerPC, Power Architecture-based SoMs
4) By Other Types: RISC-V Architecture, MIPS Architecture, Custom ASICs

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Which Companies Are Leading the Charge in System On Module Market Innovation?
Major companies operating in the system on module market include Axiomtek Co 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.

Which Regions Are Leading the Global System On Module Market in Revenue?
Asia-Pacific was the largest region in the system on module market in 2024. The regions covered in the system on module market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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