Insight Partners
According to our latest market research on “System-on-Module (SoM) Market Forecast to 2028 – Global Analysis – By Component, Hardware Type, Standard, Application and Geography”, the market is expected to grow from 2,174.8 million US$ in 2023 to $3,682.64 million by 2028; it is expected to grow at a CAGR of 9.2% from 2023 to 2028. Technological advancements to drive the system-on-module (SoM) market during the period 2021-2028
A sample PDF presents the content structure and nature of the information included in the report which presents qualitative and quantitative analysis – https://www.theinsightpartners.com/sample/TIPRE00019379/?utm_source=OpenPR&utm_medium=10593
Main players: National Instruments; Advantech Co., Ltd. ; Axiomtek Co., Ltd. ; Emac, Inc.; and Microchip Technology, Inc.
The increasing use of control systems, robotics and Internet of Things (IoT) technologies to maintain processes in industries is one of the major factors driving the adoption of system-on-modules . The solutions integrated with SoM features such as high precision, precision and improved performance of the manufacturing process. The use of an embedded SoM is increasing as it helps improve manufacturing, product assembly, supply chain management, and logistics operations. Manufacturers are increasingly replacing their conventional computing systems with compact, cost-effective solutions made possible by SoMs. Thus, the widespread applications of SoMs in industrial automation processes including process control and discrete manufacturing are driving the system on module market growth.
System-on-module is an embedded technology that integrates all computer components into a single hardware module. The hardware module is integrated with the software to make the system plug and play. SoMs allow customers to use advanced technologies such as system-on-chip (SOC) and flash memory drives. The growing applications of SoM solutions to improve the performance, reliability and scalability of computer systems have increased their popularity among end-user industries. SoMs provide a cost-effective solution that optimizes operational costs in commercial and other applications. The development of off-the-shelf computers on the module and application specific carrier boards would further fuel the growth of the market. Advances in digital technology and industrial automation have greatly increased the demand for SoM solutions.
Schedule a pre-sales chat with the team of authors in a niche you prefer to answer questions about report scope, customization, introduction to methodology, technology assistance, and market definitions – https://www.theinsightpartners.com/inquiry/TIPRE00019379/?utm_source=OpenPR&utm_medium=10593
North America is expected to dominate the global system in the module market in the coming years. The growth of the market in the region is attributed to the significant presence of major industrial automation and healthcare companies in countries like the United States and Canada. North America is characterized by rapid developments in autonomous and unmanned technologies in the automotive sector. Furthermore, the integration of electronic content in modern vehicles from Ford, Tesla and Renault, to support uninterrupted communication and wireless connectivity, is expected to fuel the system on module market growth over the period of forecast.
Market Overview – System in Modules Market
Burgeoning trends in the deployment of industrial robots in manufacturing are significantly driving the adoption of SoMs in factory automation. SoMs improve industrial control processes and operations of factory equipment and industrial robots. South Korea is expected to contribute significantly to the growth of the Asia-Pacific system module market owing to the highest adoption of robots in the industrial sector. Additionally, continuous advancements in communication systems and sensors are also accelerating the demand for SoM to deliver high productivity. Industry 4.0 has boosted the adoption of service robots, as robotics enables high manufacturing productivity. The increasing use of embedded systems in robots to reduce their reliance on external computer systems is also bolstering the system on module market growth.
The system on the Modules market players is majorly focused on the development of advanced and efficient products.
In 2023, SiFive partnered with an AI processor manufacturer, BrainChip. The combination of these companies’ respective technologies is expected to provide chip designers with machine learning (ML) and artificial intelligence (AI) optimized for edge computing.
In 2020, SoMLabs and e2-s (Embdes Engineer Solutions) had signed a Memorandum of Understanding (MoU) and planned to collaborate on the development of custom product designs or carrier boards based on SOMs.
Have a 15-minute chat with the lead analyst and report author in a time slot you’ve decided. You will be briefed on the contents of the report and questions regarding the scope of the document will also be addressed – https://www.theinsightpartners.com/speak-to-analyst/TIPRE00019379?utm_source=OpenPR&utm_medium=10593
Samir Joshi
Email: [email protected]
Phone: +1-646-491-9876
The Insight Partners is a one-stop provider of actionable intelligence industry research. We help our clients find solutions to their research needs through our syndicated research and advisory services. We specialize in industries such as Semiconductors and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals and the materials.
This press release was published on openPR.
Comments are closed.