System on Module Market: Future Growth Opportunities By 2027

System on Module Market: Future Growth Opportunities By 2027

The system on module market report encompasses an in-depth analysis of the business space in question. All the growth facilitators responsible for furling the revenue scope of this industry are mentioned in the study in conjunction with the competitive and geographical trends characterizing this business. Some of the very pivotal parameters encompassed in the report fall along the lines of industry segmentation, industry ecosystem analysis, vendor matrix, and industry insights.

System on Module market growth will predominantly be driven by the growing penetration of consumer technology products and services globally. Growing demand for high-speed data processing in embedded systems, integrated into vehicles, railways, aircraft, marine surveillance, and others, would boost the adoption of SoM solutions.

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SoM based power architecture processors are experiencing strong demand in networking & industrial applications, including embedded networking equipment and conventional embedded solutions owing to their numerous advantages. These advantages include improved performance, efficient power supply, high-speed data computation, and effective hardware and software compatibility.

Growing emphasis on introduction of innovative SoM based electricals will open new growth avenues for the industry. Citing an instance, in March 2021, MicroSys announced the introduction of SoM based on NXP QorIQ PowerPC processor architecture. The system is tailor-made to provide optimized operational performance for mobile systems and commercial vehicles. Owing to this, power architecture processors held around a 5% share of the system on module market revenue in 2020 and are estimated to expand at 6% CAGR through 2027.

System on Module manufacturers is rapidly adopting COMExpress standards to render high bandwidth performance to POS devices, general-purpose embedded computers, and other communication applications. This leads to the introduction of various application specific SoM, compatible with numerous real-time operating systems and processor architecture.

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Global system on module market share from North America is estimated to grow at 10% CAGR through 2027. This is attributed to the growing integration of SoM solutions in smart home devices in the region.

These smart home solutions include security systems, PC displays, and kitchen appliances, among others. Moreover, the growing penetration of IoT devices would further augment the system on module (SoM) business landscape in North America.

VIA Technologies, Inc., Congatec AG, Eurotech, Inc., National Instruments Corporation, and Advantech Co., Ltd are some notable companies operating in global system on module market. The system on module manufacturers is eyeing new product launches to attract a larger customer base and enhance industry share.

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