System on Module (SoM) Market to hit $5 Bn by 2032, Predicts Global Market Insights Inc.
Leading system on module market participants include Advantech Co., Ltd., Kontron S&T AG, AAEON Technology, Inc., Avalue Technology Inc., Digi International, Inc., Connect Tech, Inc., EMAC, Inc, iWave Systems Technologies Pvt. Ltd, Eurotech, Inc., National Instruments Corporation among others.
Selbyville, Delaware, Dec. 21, 2022 (GLOBE NEWSWIRE) —
System on Module (SoM) Market is expected to cross a valuation of USD 5 billion by 2032, according to the from the medical application is poised to register over 10% CAGR through 2032, as a result of the dependence of healthcare institutions on automated solutions to improve patient satisfaction. The medical sector has been leveraging embedded computing solutions to reduce instances of errors and limit the requirement for maintenance and monitoring. SoM manufacturers can address the need for secure and reliable medical solutions. The broad application scope of these modules in compact wearable devices, ultrasonic diagnostic devices, and other healthcare solutions will further contribute to product consumption in the medical sector.
Robust traffic control system network to accelerate espousal of SoM services in Europe
The Europe system on module market is projected to observe 15% growth during 2023 to 2032. The high penetration of security and surveillance systems in the transportation and automotive sectors is one of the prominent drivers for SoM module demand. In countries such as Denmark, France, Italy, and Germany, the requirement of traffic control systems has also accelerated. These factors will stimulate the development of SoM systems for smart traffic management applications, creating a favorable environment for regional business growth.
Advanced product launch strategies to bolster SoM industry outlook
Advantech Co., Ltd., Kontron S&T AG, AAEON Technology, Inc., Avalue Technology Inc., Axiomtek Co., Ltd., Avnet, Inc, Digi International, Inc., Connect Tech, Inc., Microchip Technology, Inc., Phytec, SECO S.p.A, congatec AG., VIA Technologies, Inc., Unex Technology, and Varicscite are among the key players profiled in the report. These companies are focusing on advanced product launches and other strategies to increase their presence in the competitive landscape.
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Partial Table of Contents (ToC) of the report:
Chapter 2 Executive Summary
2.1 System on Module (SoM) industry 3600 synopsis, 2018-2032
2.2 Business trends
2.2.1 Total Addressable Market (TAM), 2023-2032
2.3 Regional trends
2.4 Product trends
2.5 Standard trends
2.6 Application trends
Chapter 3 System on Module (SoM) Market Industry Insights
3.1 Introduction
3.2 Impact of COVID-19
3.3 Russia- Ukraine war impact on System on Module (SoM) industry
3.4 Impact of China – U.S. trade war
3.5 Industry ecosystem analysis
3.6 Overview of form factors/ standards
3.7 Profit margin analysis
3.8 Technology & innovation landscape
3.9 Patent analysis
3.10 Key initiative and news
3.11 Regulatory landscape
3.12 Industry impact forces
3.12.1 Growth drivers
3.12.1.1 Flourishing embedded computing market
3.12.1.2 Growing demand for these modules for Software Defined Radio (SDR)
3.12.1.3 Rapid development of autonomous cars in North America and Europe
3.12.1.4 Growing utilization of IoT technologies globally
3.12.1.5 Rising popularity of ARM processors in embedded systems
3.12.1.6 Proliferation of industrial automation around the globe
3.12.1.7 High usage of embedded computing & electronic solutions across various industries in MEA
3.12.1.8 Growing demand for miniaturized products
3.12.1.9 Rising adoption in medical applications
3.12.2 Industry pitfalls & challenges
3.12.2.1 Increased system complexity in x86-based modules
3.13 Investment landscape
3.14 Growth potential analysis
3.15 Porter’s analysis
3.16 PESTEL analysis
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