The “Systems on Module Market Forecast to 2028 – Impact and Global Analysis by Processor Type, Application and Standard” report has been added to ResearchAndMarkets.com’s offering.
The System on Module (SOM) market is expected to reach US$ 2,911.2 million in 2028, up from US$ 1,651.6 million in 2021; It is expected to grow at a CAGR of 8.4% in 2021-2028.
A system on a module (SOM) is a small form factor computing solution consisting of hardware and software for developing embedded products. It is a single physical module that contains a number of computer components, including a central processing unit (CPU), random access memory (RAM), flash memory, power management units, an Ethernet bus, and Wi-Fi and Bluetooth radios.
Such ready availability of hardware components as a single unit reduces the complexity of the final product design. The growing practice of integrating SOM with out-of-the-box operating systems and the ability to increase integrated support for development environments, frameworks and other third-party software provide attractive growth opportunities for industry participants. SOMs also benefit from low complexity while offering high flexibility in terms of form factor.
Several players in the system-on-module market offer turnkey carrier boards that can be used in a wide variety of applications. This allows them to increase their profit margins by taking advantage of economies of scale and reducing the cost of products. Innovation and better access to the latest technologies help SoM suppliers gain a competitive advantage.
Growing for Microsystems on modules from companies such as Motorola, Sun Microsystems, Xerox, IBM and DEC in their Blade computers to provide flexibility in hardware and software development activities with the increase in the number of microchips and integrated circuits available to end-user industries. Further growth in the priority market.
The growing trends in the implementation of multicore processors in the industrial automation sector and the integration of advanced capabilities such as wireless connectivity, smart sensors and imaging are driving the demand for advanced and efficient systems. Increasing demand has enabled manufacturers to provide single-chip with multi-core solutions to save costs, provide a variety of CPU options and reduce customer design requirements.
Impact of the pandemic on systems on the module (SOM) market
Till the outbreak of the system on the module market players experienced significant end-user demand. Due to the outbreak, the government has taken several containment measures around the world. While governments imposed complete shutdowns in some countries, some countries experienced partial shutdowns and businesses and businesses were allowed to operate with different rules.
Furthermore, the system supply chain in the module market was not affected by the X86 side, as regular updates were introduced by market players, but the hardware side of systems in the module market was disrupted as hardware production facilities were closed or due to limited workforce. to work together Furthermore, as major industries saw revenue decline, system adoption in the module market was low. Meanwhile, as economies reopen and containment measures are eased, the module market system started showing positive growth in 2021.
