Single Board Computer (SBC) Market worth over $3bn by 2028

Published Date: March 22, 2022

Single Board Computer Market size is set to surpass USD 3 billion by 2028, according to a new research report by Global Market Insights Inc.

The market growth is driven by the rising demand for smart IoT-powered devices & equipment from the agriculture sector, which is adopting automated machinery, Global Positioning System (GPS) & Global Navigation Satellite System (GNSS) solutions, and field mapping & soil sampling devices to increase productivity. These devices are integrated with IoT-enabled SBCs, allowing farmers to monitor real-time operations and health conditions of equipment from remote locations. The rising adoption of drone surveillance systems to ensure continuous farm safety from unwanted animals, insects, and birds will also propel the market expansion. Several regional governments and universities are integrating drones for use in agriculture monitoring and forest restoration applications.

Technical issues associated with SBCs, such as inefficient cooling, difficulty in upgrading processors, and increased complexity, are impeding market revenue. SBC design architecture is becoming more complicated due to the expanding trend of developing compact & miniaturized SBCs. This will intensify efforts in the coming years to replace components with cutting-edge technologies. Additionally, the increasing demand for multicore SBCs in a variety of industrial automation applications will affect the acceptance of conventional computers, thereby limiting the industry growth during the forecast period.

Ongoing technological advancements in ARM-based processors will spur the market demand

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The ARM segment held a market share of more than 40% in 2021 and is expected to reach USD 1 billion by 2028. This growth can be attributed to the several features offered by ARM-based SBCs such as high-speed computing, low power consumption, and faster time-to-market the product in comparison to x86 architecture. These ARM-based SBCs are implementing Reduced Instruction Set Computing (RISC) technology, which helps to decrease overall programming execution cycles. These features further increase their usage across military & defense, transportation, and logistics. Market participants are proactively developing ARM-based SBCs to gain a competitive advantage in the industry.

Browse key industry insights spread across 270 pages with 121 market data tables and 46 figures & charts from the report, “Single Board Computer Market Size, by Processor (ARM, x86, PowerPC), By Application (Industrial Automation, Consumer Electronics, Aerospace & Defense, Automotive & Transportation, Healthcare & Medical Devices, Entertainment, Education, Agriculture), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2028” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/single-board-computer-sbc-market

Increasing penetration of automation technologies in the healthcare & medical sector will augment the market progression

The healthcare & medical segment is estimated to register growth of 13.5% through 2028. This industry expansion can be credited to the rising adoption of AI & IoT technologies in smart medical equipment. Medical devices, such as clinical diagnostic instruments, surgical imaging, pharmacy automation, ultrasound systems, telemedicine/telehealth, and digital x-rays, are integrated with SBCs to deliver reliable and high-performance healthcare solutions & services. Additionally, increasing government initiatives and financial activities have also accelerated the building of medical facilities owing to the prevailing COVID-19 pandemic. During the COVID-19 pandemic, the government is predicted to stimulate the development & launch of innovative solutions in the medical industry.

Favorable government initiatives to support the consumer electronics manufacturing sector will influence the growth for APAC region

Asia Pacific single board computer market captured more than USD 350 million in 2021 impelled by the favorable government initiatives that supported the large-scale manufacturing of consumer electronics and home appliances in the region. For instance, in February 2022, the Government of India announced to invest USD 4.45 billion under its Production-Linked Incentive (PLI) scheme in electronics manufacturing in India by 2025. The government approved the proposals of over 14 electronic manufacturers including Dell, Dixon Technologies, Smile Electronics, and Foxconn under this scheme. Increasing funding and incentive schemes will help manufacturers to mass produce consumer electronics and smart home appliances that are incorporated with SBCs.

The key players operating in the market include Advantech Co., Ltd., Abaco Systems, ASUSTeK Computer Inc., and Kontron. These industry leaders are constantly adopting new strategies, such as new product launches and acquisitions, to expand their product offerings.