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System on Module Market Size

Report ID: GMI3224
Published Date: Dec 2022
Report Format: PDF

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System on Module Market Size

System on Module Market size surpassed USD 1 billion in 2022 and is poised to register 15% CAGR from 2023 to 2032 owing to the burgeoning adoption of IoT technology.

System on Module Market

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The reliance on IoT technologies has surged across industry verticals including home appliances, medical, and transportation. The use of SoM modules is therefore likely to rise to streamline hardware specifications and allow developers to design precise and connected edge devices for next-gen IoT applications. Compared to single-board computers, SOM systems can also offer more advanced SoC and memory and low error risks, further contributing to product demand.

Additionally, the price of these solutions is increasing, making them relatively more expensive than ARM processors, creating roadblocks to system on module market expansion to a certain extent. Despite these challenges, the strong focus on the development of compatible processors for 5G, IoT, and other emerging tech applications will create growth opportunities for SoM developers over the estimated timeline.

System on Module Market Report Attributes
Report Attribute	Details
Base Year:	2022
System on Module Market Size in 2022:	USD 1 billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	15%
2032 Value Projection:	USD 5.5 billion
Historical Data for:	2018 to 2022
No. of Pages:	290
Tables, Charts & Figures:	295
Segments covered:	Product, Standard, Application, and Region
Growth Drivers:	Flourishing embedded computing market High demand for modules for Software Defined Radio (SDR) Rapid development of autonomous cars in North America and Europe Growing utilization of IoT technologies Popularity of ARM processors in embedded systems Proliferation of industrial automation High usage of embedded computing & electronic solutions across various industries in MEA Strong demand for miniaturized products Rising adoption in medical applications

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Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size of system on module crossed USD 1 billion in 2022 and is poised to depict over 15% CAGR during 2023 to 2032, on account of the burgeoning adoption of IoT technology in various industrial sectors.

The system on module (SoM) industry valuation from the Qseven standard segment is projected to witness 15% growth from 2023 to 2032, owing to its broad application scope in smart home devices.

Middle East and Africa system on module industry size will surpass USD 50 million by 2032, propelled by the increasing investments by oil and gas producers on infrastructure modernization.

Some of the prominent players in the system on module (SoM) competitive landscape include Advantech Co., Ltd., iWave Systems Technologies Pvt. Ltd, AAEON Technology, Inc., Eurotech, Inc., VIA Technologies, Inc., Kontron S&T AG, and Varicscite, among others.