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The Role Of Single-Board Computers In Driving Growth Amidst Increasing Industrial Automation: Powering Innovation and Expansion in the Single Board Computer Market by 2025
Single Board Computer
What Is the Expected CAGR for the Single Board Computer Market Through 2025?
The market size of single board computers has seen a consistent growth in the past few years. The market is expected to expand from $2.85 billion in 2024 to $2.97 billion in 2025, witnessing a compound annual growth rate (CAGR) of 4.1%. Crucial growth contributors in this historic period include increasing demand for integrated computing solutions, industrial automation surge, the advent of Internet of Things (IoT), growth in the electronics manufacturing sector, and the rising usage in defense applications.
What's the Projected Size of the Global Single Board Computer Market by 2029?
The market size of single board computers is predicted to witness considerable growth in the upcoming years, reaching $3.7 billion in 2029 with a compound annual growth rate (CAGR) of 5.7%. This growth during the forecast period is anticipated to result from factors like increased applications in edge computing, heightened demand for edge-based Artificial Intelligence (AI), enhancement of 5g networks, and a rise in demand for autonomous systems and robotics applications. The forecast period will also observe significant trends such as tech advancements or innovations, the creation of more compact models, augmented implementation of AI capabilities, a shift towards energy efficiency, and an increased employment of single board computers in edge computing.
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Top Growth Drivers in the Single Board Computer Industry: What's Accelerating the Market?
The growth of the single-board computer market is predicted to be driven by the rise in industrial automation. This refers to the employment of technology, equipment, and control systems to automate and optimize manufacturing processes, production tasks, and other industrial activities. Single-board computers (SBCs) are vital to this progression because of their small size, economical energy consumption, and ability to provide computational power for numerous applications such as programmable logic controllers (PLCs), data gathering and processing. For example, in September 2024, the Germany-based International Federation of Robotics (IFR) reported that the installation of 3,830 industrial robots in the UK in 2023, a 51% surge from the previous year. Consequently, the surge in industrial automation is bolstering the expansion of the single-board computer market.
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What Are the Key Trends Driving Single Board Computer Market Growth?
Product enhancement and creativity is becoming a prevalent trend in the single-board computer (SBC) sector. Major manufacturers in this marketplace are focusing on the invention of advanced, feature-rich products to solidify their competitive standing. In this context, DFRobot, a company based in China that provides open-source hardware, unveiled UNIHIKER in June 2023. This novel creation merges the capabilities of a conventional Linux-based SBC and a microcontroller. UNIHIKER represents a unique category of single-board computers that include a display and a RISC-V MCU. Offering a fresh, distinctive experience for developers and makers, this user-friendly and multifaceted SBC blends the might of a standard Linux-based SBC and the practicality of a microcontroller, along with Internet of Things (IoT) functionalities. This makes UNIHIKER perfectly suited for learning and coding endeavors.
What Are the Main Segments in the Single Board Computer Market?
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 And Defense, Consumer Electronics, Healthcare, Other End Users
Subsegments:
1) By Solution: Hardware (SBC boards, peripherals), Development Kits, Custom SBC Designs
2) By Service: Technical Support, Software Development Services, Integration And Deployment Services, Maintenance And Repair Services
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Which Top Companies are Driving Growth in the Single Board Computer Market?
Major companies operating in the single board computer market include 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.
Which Regions Will Dominate the Single Board Computer Market Through 2029?
North America was the largest region in the single-board computer market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the single board computer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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