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Single Board Computer Market Worth by Value, CAGR and Forecast by 2024
MaketStudyReport.com adds a New Single Board Computer Market Research Report for the period of 2016-2024 that shows the growth of the market is rising at a 12.5% CAGR to 2024.Single Board Computer (SBC) Market size is set to exceed USD 1.2 billion by 2024.Increasing penetration in the healthcare sector is anticipated to drive the single board computer market growth over the forecast timeline. SBCs are integrated in the medical equipment on a large scale owing to high reliability and capability of providing efficient healthcare solutions and services. Moreover, increasing utilization of the devices in other medical applications such as customized medical monitoring systems, medical electronic devices, and fault tolerant wearable computers will contribute to the single board computer market size in the next eight years.
High demand across consumer electronics may provide huge growth opportunities to the single board computer market growth. This can be attributed to the rising usage in a variety of electronic devices such as mobile phones, tablets, and gaming consoles. Rising penetration of consumer electronics equipped with SBCs is increasing among several end-use industries due to reduction in the prices.
The increasing adoption of artificial intelligence coupled with the technology advancements such as enhanced reliability offered with the integration of SBCs due to increase in demand for solving complex problems provide lucrative growth opportunities to the single board computer market size.
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VME technology segment contributed significantly to the single board computer market share, primarily due to its ability to be used in rugged industrial applications such as controlling motors and actuators. In addition, it provides real-time computing options and can support multi-master CPU arrangements to boost performance and processing bandwidth.
x86 based single board computer market is driven by features such as faster processing and better power saving capabilities, making it suitable for harsh industrial environments. These processors are flexible and can be integrated with several new technologies effortlessly. For instance, Udoo x86 SBC is assimilated with the Curie module by intel, which includes a Bluetooth Low Energy radio.
Aerospace & defense applications segment are to observe high growth prospects with an estimated CAGR of over 13% in the next eight years owing to the rising demand for high density communication and enhanced performance in SWaP constrained environments. Furthermore, SBCs aids in transmission and reception of channels for air-data information for autopilots, displays and other flight associated controls on commercial and military aircraft.
U.S. single board computer market share was over 40% due to the presence of major players operating in the industry such as Advantech, Allied Electronics. Moreover, high demand across aerospace and defense may propel the regional growth. Advancements in the technology to offer low cost and efficient products have instigated the adoption across education sector for research related projects and among electronics engineers & professionals involved in the electronics design and development.
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Industry participants include VersaLogic Corp., Wandboard, Digi International, Advantech, Kontron, Eurotech Group, Adlink Technology, Radisys, Advantech, Olimex, Mercury Systems, UDOO, American Portwell, Arbor Solutions, Logic and NETBurner. Companies are focusing on efficient design and expansion of seamless connectivity to gain industry share.
Single board computer (SBC) market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:
Single Board Computer Market By Technology:
VME, cPCI, VPX, xTCA, Others
Single Board Computer Market By Service:
System integration, Customization, After-sale
Single Board Computer Market By Processor:
ARM, x86, Atom, PowerPC, Others
Single Board Computer Market By Application:
Industrial automation, Aerospace & defense, Transportation, Medical, Entertainment, Others
Single Board Computer Market By End-Use:
Test & measurement, Communication, Data processing, Research, Others
The above information has been provided on a regional and country basis for the following:
North America, U.S., Canada, Europe, Germany, UK, France, Italy, Russia, China, India, Japan, Latin America, Brazil, Mexico, MEA
Related Report:
Global Single Board Computer (SBC) Market 2017-2021
Research analysts forecast the global single board computer (SBC) market to grow at a CAGR of 12.67% during the period 2017-2021.The report covers the present scenario and the growth prospects of the global single board computer (SBC) market for 2017-2021. To calculate the market size, the report considers the revenue generated through the sales of different types of single board computer.
https://www.marketstudyreport.com/reports/global-single-board-computer-sbc-market-2017-2021/?utm_source=RR-PSR
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