System-on-module (SoM) market size ($2.91 billion by 2028) Growth forecast at 8.4% CAGR from 2021 to 2028 COVID impact and global analysis by The Insight Partners

PUNE, India, October 13, 2021 /PRNewswire/ — According to Insight Partners’ “System-on-Module (SoM) Market Forecast to 2028 – Impact of COVID-19 and Global Analysis – By Processor Type, Application and Standard” by Insight Partners, the market should reach US$2,911.2 million by 2028 from $1,556.4 million in 2021; it is expected to grow at a CAGR of 8.4% from 2021 to 2028.

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Continuous advancements in communication systems and sensors are accelerating the demand for system-on-modules that play a major role in delivering 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 growth of the system-on-module (SoM) market. Additionally, the demand for affordable and user-friendly robots is increasing in industrial, residential, and healthcare applications, fueling the need for controller microchips. The demand for ARM processors in SoM is increasing as they come with reduced instruction sets and support single-cycle computing. Major manufacturers of ARM-based system-on-modules, such as Congatec AG, Digi International, Kontron, and ARM Holdings Corporation, are engaged in the design and development of the ARM architecture. The lower complexity of systems-on-modules based on the ARM architecture, compared to those based on x86 processors, is accelerating the adoption of ARM-based processors.

The increasing use of control systems, robotics and Internet of Things (IoT) technologies to manage processes in industries is one of the major factors driving the adoption of system-on-modules. . System-on-module integrated solutions are characterized by high precision and accuracy, as well as improved manufacturing process performance. The use of the integrated system on modules is on the rise as it helps improve manufacturing, product assembly, supply chain management, and logistics operations, among others.

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the Asia Pacific system in modules market is expected to grow at a significant CAGR during the forecast period. The forecasted growth is attributed to the increase in government initiatives to support the ongoing industrialization and the growing demand for efficient electronic components such as processors, boards and systems in the modules of the consumer electronics sector. Government support to boost the regional electronics and semiconductor sector is expected to provide significant growth opportunities for the system-on-module (SoM) market. With the national integrated circuit industry development guidelines of 2014, the State Council of China set the goal of becoming a global leader in all segments of the semiconductor industry by 2030. Additionally, through its Made in China 2025, the country aims to achieve advanced semiconductor manufacturing standards as a vital component of its future economy. The Chinese government is spending aggressively on investment, acquisition and talent recruitment to encourage the proliferation of the semiconductor industry, which is expected to drive the growth of the system in the module market.

Embedded Computing Market Growth Drives System On Module Market Proliferation

Advancements in industrial technologies have led to the introduction of wireless connectivity technologies, smart sensors, and imaging solutions, allowing manufacturers to offer a “single chip with multiple cores” system to improve applications and increase reliability. For example, in February 2020, Toradex, a leader in embedded computing, has launched its latest family of system-on-modules, Verdin, offering a set of modern and scalable interfaces focused on ease of use and robustness. Additionally, the growing demand for system-on-modules in rugged embedded computers used in the aerospace and defense industry is further driving the growth of the market. There is a strong adoption of the Internet of Things and embedded computers in industrial applications. The need for Software Defined Radio (SDR) in the automotive and transportation industries, and the benefits associated with system-on-modules, such as lower cost and increased stability and reliability, are propelling the growth of the market for system on module (SoM).

System-on-Module (SoM) Market: Processor Type Overview

Based on processor type, the system-on-module (SoM) market is segmented into ARM, X86, Power, FPGA, GPU, and DSP. They are widely used by original equipment manufacturers (OEMs) such as Aaeon; Advantech Co., Ltd; Avnet, Inc.; Value Technology Inc.; and Connect Tech Inc.

System-on-Module (SoM) Market: Competitive Landscape and Key Developments

Aeon; Advantech Co. Ltd; Avnet Inc.; Value Technology Inc.; Connect Tech Inc.; Congatec GmbH; Emac, Inc.; Somlabs; and Microchip Technology, Inc. are some of the key players profiled during this market study. In addition to these players, several other vital market players have been researched and analyzed to gain a holistic view of the global System-on-Module (SoM) market and its ecosystem.

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In November 2020, SoMLabs has signed a contract with Reinfold Company for the implementation of its distribution network in India. All SoMLabs products will be available in Reinfold’s offerings.

In August 2020, HEICO Corporation’s Electronic Technology Group acquired 89.99% of Connect Tech Inc.

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