New York, U.S., July 15, 2021 (GLOBE NEWSWIRE) — Market Overview:
According to a comprehensive research report by Market Research Future (MRFR), “Global System in the Module Market information by type, by application and by region – forecasts until 2027” Market valued at USD 2,390.4 Million in 2019 and is projected to reach USD 3,774.9 Million by 2026 with a CAGR of 7.97%
The Major Key System Players in Modules Market Covered are:
- AAEON Technology Inc. (Taiwan)
- Advantech Co. Ltd (Taiwan)
- Avnet Inc. (USA)
- Avalue Technology (Taiwan)
- Axiomtek Co. Ltd (Taiwan)
- Connect Tech Inc. (Canada)
- Congatec AG (Germany)
- EMAC Inc. (USA)
- Eurotech Inc. (USA)
- Kontron S&T AG (Germany)
- Microchip Technology Inc. (USA)
- National Instruments Corporation (USA)
- Phytic (Germany)
- SECO SpA (Italy)
- TechNexion Ltd (Taiwan)
- Toradex (Switzerland)
- VIA Technologies Inc. (Taiwan)
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The market USP exclusively included:
System-on-Module Market Drivers
Growing adoption of medical devices
The increasing adoption of advanced embedded systems in medical devices is propelling the system into the module market. The medical industry faces increasing challenges in providing real-time health diagnosis to improve wellness practices. AI has aided the medical industry in patient management using the real-time capabilities of on-board systems, resulting in improved outcomes with high accuracy. The market will increase owing to the demand for wearable, miniaturized and wireless technologies in medical applications such as surgical instruments and wearable medical fabrics.
Use of AI technology
The increased use of artificial intelligence technology in embedded development is increasing the system-on-module market revenue. The AI-infused embedded modules are frequently used in applications such as object and facial recognition, virtual assistance, voice recognition, etc. SoM provides high-performance, low-power requirements and enhanced connectivity, which fuels the demand for mobile devices, smart homes, and IoT devices. Due to these advantages, prominent players in the market have accelerated the development of integrated AI modules to gain a competitive advantage over other companies.
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Market Segmentation Covered by Research:
By Type, ARM Architecture to Witness Global Market Growth
The growth of ARM architecture is mainly due to its lower complexity compared to x86 processors, which has accelerated the adoption of ARM-based processors in many boards and modules. Due to their single computation cycle and limited instruction sets, ARM processors are in high demand in SoMs. Acorn RISC Machine (ARM) is a family of reduced instruction set computing (RISC) architectures for computer processors that can be modified to operate in a variety of environments. ARM processors are ideal for lightweight battery-powered devices such as smartphones, laptops, and tablets, as well as other embedded systems.
System-on-Module Market Regional Analysis
APAC to lead the global market
In 2019, Asia-Pacific held the largest market share with 33.3%, followed by North America. The industry is fueled by the growing adoption of wearable health devices in developed economies. Additionally, the growing prevalence of IoT technology in North America will drive the growth of the market.
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Industry News
In September 2020AAEON has introduced a series of embedded platforms integrated with Intel Core (11th Generation) processors and Intel Atom processors for increased edge computing performance, flexibility and capability.
In September 2020Avalue Technology unveiled the EAX-C246BP, an ATX motherboard integrated with Intel Xeon, Intel Core TM/Pentium and Celeron processors for automation, industrial, automatic drug packaging machine and other embedded applications.
In September 2020Seco has unveiled the SM-C93, a SMARC® Rel 2.1.1 compatible module with Intel Atom x6000E Series and Intel Pentium and Celeron N and J Series processors for industrial, retail and gaming applications.
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Impact of COVID-19 on the Global System on Modules Market
The COVID-19 outbreak has had little effect on the system-on-module (SoM) market. A system-on-module is a small circuit board that combines multiple system functions into a single module. Engineers frequently face hurdles when creating products, considering performance and connectivity, power consumption, cost reduction, and product size. The SoM is essential to create a targeted and effective product. The demand for wireless and wearable devices is driving the SoM market forward. However, delays in the design and launch of new products induced by the COVID-19 pandemic are expected to stifle the growth of the industry.
In contrast, amid the current COVID-19 crisis, researchers at the Computer Science and Artificial Intelligence Laboratory (CSAIL) have created a wireless device that allows healthcare workers to remotely monitor patients. The device uses wireless signals to track the patient’s breathing, sleep, and movement. Additionally, the growing need for advanced robotics is propelling the industry forward. Robots are being used in hospitals to remotely measure patients’ blood pressure, temperature and oxygen saturation to protect healthcare staff and workers. After the lockdown period, industrial sites and factories are expected to integrate smart processes and transition to Industry 4.0, thus fueling market development.
Impact of COVID-19 on the System-on-Module (SoM) market
https://www.marketresearchfuture.com/report/covid-19-impact-system-on-module-market
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