System on Module Market Size & Share, by Product Type (Power Architecture, ARM Architecture, X86 Architecture); Standard (SMARC, Qseven, COM Express, ETX/XTX, COM-HPC); Application (Medical, Transportation, Industrial Automation, Entertainment, Test & Measures) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5629
  • Published Date: Feb 12, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

System on Module Market size is expected to cross USD 14 Billion by the end of 2036, growing at a CAGR of 16% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of the system on module was over USD 2 Billion. During the projected period, the market will develop due to an increase in the demand for embedded technologies and devices in the medical sector. There are roughly 10,000 million embedded systems in the globe today, and the number is constantly rising.

In addition to these, in terms of computer operations and compact modular design, the computer or system on a module offers several advantages that lessen the complexity of the design of the current computer system. The integrated chip replaces the need for linked hardware items, which require an extremely intricate and detailed arrangement structure. Additionally, when a large-scale requirement is met, using a computer or system on a module can significantly reduce costs by lowering the procurement costs of several items that are integrated into the chipset. The operational risk is decreased by using these modules, which also offer a safer mode of operation and are less vulnerable to external threats or physical asset damage. By using system-on-module or computer-on-module solutions, clients may work on both hardware and software development simultaneously, saving more time than would otherwise be needed.


System on module Market
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System on Module Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~ 16%

Base Year Market Size (2023)

 ~ USD 2 Billion

Forecast Year Market Size (2036)

 ~ USD 14 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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System on Module Market: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Increase in Industrial Robots Drives System on Module Market Growth- It is anticipated that the system on module market will grow as industrial robot adoption increases. Mechanical devices created and programmed to do industrial activities are known as industrial robots. Embedded systems on module assemblies are used in the assembly of these industrial robots. For instance, the International Federation of Robotics (IFR) estimates that 3 million industrial robots will be in use globally in 2021. The number of robots installed worldwide increased by 13% to 4.35K, from 38.4K in 2020. From 2021 to 2024, the number of robot installations is expected to increase at a consistent rate of 6%. Consequently, the system on module market is being driven by the growing use of industrial robots.
  • Increase in The Market for Wireless and Portable Gadgets- One of the most important needs for wireless and portable devices is optimal space and functionality, which has been achieved by the system's increasing miniaturization of modules. Utilizing the same hardware that will be used in their final product, developers may write application software. Therefore, during the forecast period, the growing demand for wireless and portable gadgets is anticipated to propel the expansion of the system on module market. Due to the usage of IoT, AI, and machine learning technologies, the market for wearable and portable devices is expanding dramatically. As a result, the demand for more compact, user-friendly gadgets is rising quickly.
  • Technological Developments Changing the Module Market System- One significant trend in the system-on-module industry is technological improvement. To maintain their market share, major players in the system-on-module space are offering cutting-edge technologies like the iW-Rainbow-G46M solderable system on module. For example, the India-based software business iWave Systems unveiled the iW-Rainbow-G46M, a novel solderable system on a module, in April 2022. The NXP i.MX 8XLite application processor technology serves as the foundation for the new system on the module. It can act as the basis for tiny connecting devices.

Challenges

  • Electronic Devices' Complicated Integration Restrains Market Growth- To simplify the design process, hardware manufacturers are concentrating on creating numerous systems features on a single module. However, the growing expense of installing cutting-edge technology equipment might potentially impede low- and middle-class consumers' market expansion. Furthermore, devices become increasingly sophisticated when fully interconnected systems are adopted. The market is growing less quickly as more components are added, such as different operating voltages, modes, and functionalities.
  • The system on module market growth rate may be constrained by a shortage of qualified specialists or system operators.
  • The rate of system expansion on the module market will be further inhibited by the system complexity found in x86-based modules.


System on Module Segmentation

Application (Medical, Transportation, Industrial Automation, Entertainment, Test & Measures)

Based on application, the industrial automation segment in the system on module market is attributed to hold the largest revenue share of about 30% during the forecast period. The industrial automation industry is being driven by fast-expanding advanced technologies including embedded solutions, robotics, artificial intelligence, and effective use of systems on modules. Reducing the amount of human labor, implementing automated machinery and equipment, and ensuring safety are driving industrial automation in manufacturing plants. Furthermore, the industry's market prospects are fuelled by the advancement of embedded systems and industrial robots. Moreover, because of the significant advancements in the functionality and performance of industrial automation techniques, a sizeable portion of the market is anticipated to be served by the industrial automation sector. There are operational benefits for processes like manufacturing, product assembly, supply chain management, and logistics when an integrated computer or system on a module is used. The manufacturer was eager to acquire compact and affordable computing solutions. The market is growing because of the notable increase in the use of computers on module and systems on module products. By 2026, the industrial automation industry will generate revenue of USD 297 billion. At least 30% of the duties in about 60% of all occupations might be automated. Global productivity will increase through automation by 0.8% to 1.4% each year.

Standard (SMARC, Qseven, COM Express, ETX/XTX, COM-HPC)

The qseven segment in the system on module market is projected to hold the largest revenue share of about 35% during the forecast period. The market is growing as a result of the adoption of the Qseven category, which is frequently utilized for smart home applications to improve computing performance. Because of Qseven's flexible design and low power consumption, there is a growing demand for the product, which is propelling the market expansion.  Qseven's growing popularity improves storage capacity. Additionally, the market is growing as a result of the end-user industries' adoption of the Internet of Things, which is boosting networking applications.

Our in-depth analysis of the global system on module market includes the following segments:

     Product Type

  • Power Architecture
  • ARM Architecture
  • X86 Architecture

     Standard

  • SMART
  • Qseven
  • COM Express
  • ETX/XTX
  • COM-HPC

     Application

  • Medical
  • Transportation
  • Industrial Automation
  • Entertainment
  • Test & Measures

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System on Module Industry - Regional Synopsis

North America Market Forecast

System on the module in the North America region is expected to hold the largest revenue share of about 32% during the forecast period. The market potential in the US is driven by the industrial sector's increasing need for automated solutions to advance. The adoption of cutting-edge technologies and the Internet of Things by numerous enterprises is driving up demand for systems on modules in the US. Increased spending on cutting-edge technology, the presence of important vendors, and government initiatives are anticipated to support the US market. Conversely, the manufacturing industry's growing demand for robotics and artificial intelligence is driving market expansion. Nearly 69% of American homes are equipped with at least one smart home technology product. Speakers, robots, smart security systems, indoor HVAC control systems, and other gadgets are examples of smart home technology.

APAC Market Statistics

System on module market in the Asia Pacific region is anticipated to hold the second largest revenue share of about 27% during the forecast period. The automation sector and emerging, cutting-edge technologies are driving the Asia Pacific market. The two major players in the Asia Pacific industry that drive the global market are China and India. The Indian electronic sector is expanding due to rising demand for electronic components such as CPUs, SoCs, and boards. Moreover, the Indian system on module market expansion is anticipated to be bolstered by the increasing number of automation automobiles that are outfitted with cutting-edge technology and innovations in medical devices.

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System on module Market Size
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Companies Dominating the System on Module Market

top-features-companies
    • Advantech Co., Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Congatec AG
    • SECO S.p.A.
    • Digi International Inc.
    • Variscite Ltd
    • Phytec America LLC
    • Olimex Ltd.
    • Gateworks Corporation
    • Eurotech S.p.A.
    • Avalue Technology Inc

In-the-news

In The News

  • Leading industrial embedded solution provider Advantech announces the debut of ROM-2620, its first Open Standard Module (OSM), which with its ultra-small size and ultra-low power consumption is expected to revolutionize AIoT applications. The Standardization Group for Embedded Technologies (SGET) adopted the "Open Standard Module (OSM)" size-S form factor, which is used by the ROM-2620. It also features an integrated EdgeLock® secure enclave and an i.MX 8ULP applications processor from NXP® Semiconductors. At the intelligent edge, this combination provides compact, power-efficient, and cost-effective modular embedded computing. 
  • The wireless and extremely power-efficient Digi ConnectCore® 93 system-on-module (SOM) platform has been launched and is now immediately available. Digi International is a leading global provider of Internet of Things (IoT) solutions, connectivity products, and services. The platform is intended for a variety of medical, industrial, smart energy, transportation, and Internet of Things (IoT) applications.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5629
  • Published Date: Feb 12, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

An increase in the demand for embedded technologies and devices in the medical sector is the major factor driving the growth of the system on module market.

The market size of the system on module is anticipated to attain a CAGR of 16% over the forecast period, i.e., 2024-2036.

The major players in the market are Congatec AG, SECO S.p.A., Digi International Inc., Variscite Ltd, Phytec America LLC, Olimex Ltd., Gateworks Corporation, Eurotech S.p.A., Avalue Technology Inc, and others.

The industrial automation segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
System on Module Market Report Scope
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