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.
Higher compactness, lightweight, enhanced efficiency, and lower power consumption are some notable advantages of the system on module, that are fueling its integration in advanced electrical boards.
Driven by the aforementioned factors, global system on module market size is slated to exceed USD 3 billion projections by 2027.
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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.
For instance, in April 2020, Advantech introduced its new Type 7 COM Express SoM to improve integrated server performance and enhance security protection. This apart, the ability of these systems to work in harsh environments is complementing their applications in telecom, defense, railway, and mining sectors. As a result, COMExpress standard segment registered around 35% of the market share in 2020 and is slated to witness nearly 11% CAGR through 2027.
System on module is broadly used in various embedded systems in the gaming industry, such as PC gaming hardware, gaming console hardware, and virtual reality (VR) equipment. Its integration benefits in design freedom and low footprint and power consumption, which further advocates its applications in the gaming industry. Owing to this, Entertainment applications registered around 5% of global system on module market share in 2020 and will witness a CAGR of 9% over the forecast period.
Global system on module (SoM) industry 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.
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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 (SoM) industry. The system on module manufacturers is eyeing new product launches to attract a larger customer base and enhance system on module market share.
Citing an instance, in May 2020, Avnet launched its new SoM powered by Xilinx’s radio frequency SoC. The new module launch is expected to aid in streamlining the 5G network technology processes during their development and production.
Table of Contents (ToC) of the report:
Chapter 1 Methodology and Scope
1.1 Scope & definition
1.2 Methodology & forecast
1.3 Data Sources
Chapter 2 Executive Summary
2.1 System on module market 3600 synopsis, 2016 - 2027
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Product trends
2.1.4 Standard trends
2.1.5 Application trends
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