Global System On Module Market Size To Grow At A CAGR Of 11.10% In The Forecast Period Of 2023-2028

The ‘Global System on Module Market Trends, Size, Share, Analysis, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global system on module market, assessing the market on the basis of its segments like type, application, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.

System on Module Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

  • Historical Market Size (2022): USD 1.5 billion
  • Forecast CAGR (2023-2028): 11.10%
  • Forecast Market Size (2028): USD 2.82 billion

The global system on module market is being driven by the rapidly rising demand for various embedded systems due to their superior computing performance and low power consumption. System on module offer various benefits including reduced cost of main printed circuit boards, stability for building embedded systems, and design reuse features. Accordingly, more developers are utilising system on module to design and build connected devices for next generation Internet of Things (IoT) applications. System on module also facilitate advanced memory and system on chip with low error risks, further increasing the growth of the system on module market. Industries worldwide are adopting system on modules due to their increased accuracy and versatility.

Get a Free Sample Report with Table of Contents@
https://www.expertmarketresearch.com/reports/system-on-module-market/requestsample

The increasing adoption of power architecture type of system on module is anticipated to augment the market for system on module globally in the coming years. Processors that are based upon power architecture support efficient integration for seamless compatibility between the hardware and software for improved performance. As power architecture offers higher performance with greater processing power, they are widely preferred for use in critical application such as automotive and aerospace where failure can cause severe consequences. As they consumer less power, the power architecture type of system on module is considered suited for various battery powered devices.

System on Module Industry Definition and Major Segments

System on module or SoM refers to a board-level circuit upon which system functions are integrated into a single module, connecting analogue and digital functions on a single board. Also known as computer on module, an SoM acts as a centralised printed circuit board (PCB) with various components of embedded processing systems.

Read Full Report with Table of Contents@ https://www.expertmarketresearch.com/reports/system-on-module-market

Based on type, the market is divided into:

  • ARM Architecture
  • X86 Architecture
  • Power Architecture
  • Others

By application, the market is segmented into:

  • Automotive
  • Chemical and Petrochemical
  • Energy and Power
  • Food and Beverages
  • Oil and Gas
  • Healthcare
  • Others

On the basis of region, the market is categorised into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

System on Module Market Trends

Rising popularity of wearable healthcare devices is among the key trends in the global system on module market. Miniaturisation of system on modules without sacrificing performance or capability and their low power requirements have surged their usage in wireless and portable devices.

Wearable healthcare devices based on system on module are increasing in demand due to the improved tracking features of such devices and growing awareness regarding the need for tracking healthcare parameters. For patients with chronic health conditions or those at risk for health issues, wearable healthcare devices can provide an effective means of tracking health around the clock without interference in day-to-day life.

Advancements in system on module technology are likely to further increase the applications of the system on module market in coming years. Development of application and task-specific system on module, and combination with other emerging technologies such as artificial intelligence are providing lucrative opportunities for market growth.

Regionally, the Asia Pacific accounts for a sizable share of the global system on module market, supported by increasing industrialisation in countries such as China and India, and presence of a strong manufacturing base in the region. Rising penetration of technologies such as Internet of Things and increasing adoption of system on module by end-user sectors are further augmenting the market for system on module in the Asia Pacific.

Key Market Players

The major players in the global system on module market report are:

  • VIA Technologies, Inc
  • Toradex AG
  • PHYTEC America LLC
  • TechNexion Ltd.
  • SECO S.p.A
  • Microchip Technology Inc
  • Kontron AG
  • EMAC, Inc.
  • AAEON Technology Inc.
  • Connect Tech Inc
  • Axiomtek Co., Ltd
  • Others.

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

Read More Reports:

Vehicle Telematics Market: https://www.expertmarketresearch.com/reports/vehicle-telematics-market

Motorized Quadricycle Market: https://www.expertmarketresearch.com/reports/motorized-quadricycle-market

Mobile Substation Market: https://www.expertmarketresearch.com/reports/mobile-substation-market

Mineral Insulated (MI) Cable Market: https://www.expertmarketresearch.com/reports/mineral-insulated-mi-cable-market

Juniper Berry Oil Market: https://www.expertmarketresearch.com/reports/juniper-berry-oil-market

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective, and intelligent business strategies and ensure their leadership in the market.

Media Contact:

Company Name: Claight Corporation
Contact Person: Steven Luke, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gloud Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com

Share your love
Jacob Willson
Jacob Willson
Articles: 20