Press release
Single Board Computer Market to Surpass USD 3 Billion by 2030, Accelerating at a 12.5% CAGR | IoT and Industrial Automation Propel Growth
Valued at approximately USD 1 billion in 2021, the market is projected to reach an impressive USD 3 billion by 2030, reflecting a robust Compound Annual Growth Rate (CAGR) of 12.5% over the forecast period from 2022 to 2030. This growth is driven by the rapid proliferation of the Internet of Things (IoT) and the global trend toward advanced industrial automation.
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Key Market Drivers
• Growing Demand for IoT and Edge Computing: SBCs are the foundational technology for many IoT devices and edge computing nodes, offering the necessary processing power and connectivity in a small form factor to enable real-time data analysis closer to the source.
• Rise of Industrial Automation (Industry 4.0): The increasing adoption of robotics, machine vision, and real-time control systems in manufacturing, oil & gas, and heavy industry is driving demand for reliable, industrial-grade SBCs to manage complex automation processes.
• Expansion of the DIY and Educational Market: Affordable and accessible SBCs, such as the Raspberry Pi, continue to drive the "maker culture" and are widely used in STEM education, prototyping, and home automation projects.
• Technological Advancements in Processors: Continuous innovation in processor architectures, particularly the X86 and ARM segments, is enhancing the performance, power efficiency, and affordability of SBCs, expanding their application scope.
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Market Segmentation Highlights
1. By Application:
• Industrial Automation (Leading Segment): Holds the largest revenue share (around 30% in 2021) and is vital for robotics, process control, and data acquisition in smart factories.
• Consumer Electronics: Includes applications in smart home devices, personal computers, and custom gaming consoles.
• Aerospace & Defense: Driven by the need for robust, compact computing in drones (UAVs) and ruggedized defense equipment.
• Healthcare & Medical Devices: Used in patient monitoring systems and diagnostic equipment.
2. By Processor:
• ARM Architecture (Dominant): Preferred for its low power consumption and high efficiency, making it ideal for mobile and embedded systems.
• X86 Architecture (Fastest Growing): Expected to witness the highest growth rate (around 13.5% CAGR) due to its high scalability and support for complex, high-performance applications.
• PowerPC and ATOM
Regional Analysis
• North America - Market Leader: Holds the largest market share, driven by substantial investments in aerospace & defense, early adoption of IoT solutions, and a strong focus on industrial automation.
• Asia-Pacific - Fastest Growing: This region is poised for the most rapid expansion, fueled by rapid industrialization, a massive consumer electronics manufacturing base (particularly in China and Japan), and increasing government support for technological self-reliance.
• Europe: Growth is supported by stringent EU regulations on industrial efficiency and the proliferation of smart city initiatives.
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Key Market Opportunities
• Integration of AI and Machine Learning: SBCs are increasingly being equipped with specialized AI accelerators, enabling complex machine learning tasks to be performed at the network edge, opening doors for advanced AI-driven solutions in surveillance and robotics.
• Smart City Infrastructure: SBCs will play a critical role in developing smart traffic management, public safety systems, and utility monitoring across future urban centers.
• Customization and Modularity: The trend towards highly customizable and modular SBC platforms allows manufacturers to quickly tailor solutions for niche industrial and commercial applications.
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
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