The system on module market size has grown strongly in recent years. It will grow from $2.22 billion in 2023 to $2.43 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to .
The system on module market size is expected to see strong growth in the next few years. It will grow to $3.53 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to . Major trends in the forecast period include .
The surge in the deployment of industrial robots is expected to drive growth in the system-on-module market. Industrial robots, which are mechanical machines programmed to perform various industrial tasks, incorporate embedded systems assembled using system-on-module assemblies. According to the International Federation of Robotics (IFR), there were 3 million industrial robots operating globally in 2021. Global robot installations experienced a 13% growth, reaching 4.35K units, compared to 38.4K units in 2020. The installations are projected to steadily increase by 6% from 2021 to 2024. Consequently, the rising deployment of industrial robots serves as a catalyst for the system-on-module market.
The increasing adoption of cloud-based applications is anticipated to propel the system-on-module market in the foreseeable future. Cloud-based applications, denoting software accessed and utilized over the internet, leverage system-on-modules due to their modular and standardized design. This facilitates seamless integration with cloud-based applications, streamlining development processes, enhancing scalability, and improving overall efficiency and reliability of interconnected systems. For instance, a January 2023 survey by Google Cloud Platform, a US-based provider of modular cloud services, revealed that 41.4% of 1,900 executives increased their use of cloud-based services, and 33.4% are planning to transition from enterprise software to cloud-based tools in 2022. Hence, the growing utilization of cloud-based applications is a significant driver for the expansion of the system-on-module market.
Technological advancement stands out as a prominent trend in the system-on-module market, with major companies introducing innovative solutions to maintain their market positions. An example of this is iWave Systems, an India-based software company, which unveiled the iW-Rainbow-G46M solderable system-on-module in April 2022. This new module is built on NXP i.MX 8XLite application processor technology and serves as a foundational component for small connectivity devices.
Major players in the system-on-module market are actively pursuing partnerships to enhance their market presence and profitability. These collaborations involve various entities within the technology ecosystem. For instance, in March 2023, Toradex, a Switzerland-based embedded computing products provider, partnered with Texas Instruments Inc., a US-based semiconductor manufacturing company, to launch Verdin AM62. This system-on-module, powered by the TI Sitara AM62x processor, boasts four robust 64-bit Armv8 Cortex-A53 cores tailored for industrial automation. Its pin-compatible design allows for enhanced scalability, while integrated features such as Over-The-Air (OTA) updates, device monitoring, and remote access with Torizon cater to diverse applications. The module excels in Graphical Human Machine Interfaces (HMI) with hardware-accelerated graphics and multiple display interfaces. The Easy Installer ensures seamless OS installation with one click, and collaborative efforts with partners contribute to an enhanced overall customer experience.
In December 2022, Laird Connectivity LLC, a US-based wireless module provider, acquired Boundary Devices for an undisclosed amount. This strategic move reinforces Laird Connectivity's System-on-Module (SOM) portfolio, providing customers with a comprehensive range of SOM and Single Board Computer (SBC) products that simplify wireless connectivity. Boundary Devices, a US-based company specializing in ARM-based System-on-Modules and Single Board Computers, adds valuable expertise to Laird Connectivity's offerings through this acquisition.
Major companies operating in the system on module market report are Axiomtek Co. Ltd., Reliance Industries Ltd., Avnet Inc., Advantech Co. Ltd., Kontron S&T AG, Mercury Systems Inc., DFI Inc., AAEON Technology Inc., Avalue Technology Inc., iBase Technology Inc., SECO S.p.A., Eurotech S.p.A., Congatec AG, Phytec Messtechnik GmbH, iWave Systems Technologies Pvt. Ltd., Toradex AG, TechNexion Ltd., Intrinsyc Technologies Corporation, VersaLogic Corporation, iENSO Inc., MYIR Tech Limited, Enclustra AG, Critical Link LLC, Variscite Ltd., SolidRun Ltd., Shiratech Solutions Ltd., Emtrion GmbH, TorizonCore by Toradex, Forlinx Embedded Technology Co. Ltd.
Asia-Pacific was the largest region in the system on module market in 2023. The regions covered in the system on module market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the system on module market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
System on modules come in different architectures, including ARM architecture, x86 architecture, power architecture, and others. ARM architecture comprises reduced instruction set computing (RISC) architectures for computer processors. Standards such as COM Express, SMARC (smart mobile architecture), Qseven, ETX (embedded technology extended), and others are used for applications such as industrial automation, medical, entertainment, transportation, test and measurement, communication, and more.
The system on module market research report is one of a series of new reports that provides system on module market statistics, including a system on module industry global market size, regional shares, competitors with a system on module market share, detailed system on module market segments, market trends and opportunities, and any further data you may need to thrive in the system on module industry. This system on module market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The system on module market consists of sales of PC/104 Plus, COM HPC, EDM, Apalis, and other types of systems on module standards. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The system on module market size is expected to see strong growth in the next few years. It will grow to $3.53 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to . Major trends in the forecast period include .
The surge in the deployment of industrial robots is expected to drive growth in the system-on-module market. Industrial robots, which are mechanical machines programmed to perform various industrial tasks, incorporate embedded systems assembled using system-on-module assemblies. According to the International Federation of Robotics (IFR), there were 3 million industrial robots operating globally in 2021. Global robot installations experienced a 13% growth, reaching 4.35K units, compared to 38.4K units in 2020. The installations are projected to steadily increase by 6% from 2021 to 2024. Consequently, the rising deployment of industrial robots serves as a catalyst for the system-on-module market.
The increasing adoption of cloud-based applications is anticipated to propel the system-on-module market in the foreseeable future. Cloud-based applications, denoting software accessed and utilized over the internet, leverage system-on-modules due to their modular and standardized design. This facilitates seamless integration with cloud-based applications, streamlining development processes, enhancing scalability, and improving overall efficiency and reliability of interconnected systems. For instance, a January 2023 survey by Google Cloud Platform, a US-based provider of modular cloud services, revealed that 41.4% of 1,900 executives increased their use of cloud-based services, and 33.4% are planning to transition from enterprise software to cloud-based tools in 2022. Hence, the growing utilization of cloud-based applications is a significant driver for the expansion of the system-on-module market.
Technological advancement stands out as a prominent trend in the system-on-module market, with major companies introducing innovative solutions to maintain their market positions. An example of this is iWave Systems, an India-based software company, which unveiled the iW-Rainbow-G46M solderable system-on-module in April 2022. This new module is built on NXP i.MX 8XLite application processor technology and serves as a foundational component for small connectivity devices.
Major players in the system-on-module market are actively pursuing partnerships to enhance their market presence and profitability. These collaborations involve various entities within the technology ecosystem. For instance, in March 2023, Toradex, a Switzerland-based embedded computing products provider, partnered with Texas Instruments Inc., a US-based semiconductor manufacturing company, to launch Verdin AM62. This system-on-module, powered by the TI Sitara AM62x processor, boasts four robust 64-bit Armv8 Cortex-A53 cores tailored for industrial automation. Its pin-compatible design allows for enhanced scalability, while integrated features such as Over-The-Air (OTA) updates, device monitoring, and remote access with Torizon cater to diverse applications. The module excels in Graphical Human Machine Interfaces (HMI) with hardware-accelerated graphics and multiple display interfaces. The Easy Installer ensures seamless OS installation with one click, and collaborative efforts with partners contribute to an enhanced overall customer experience.
In December 2022, Laird Connectivity LLC, a US-based wireless module provider, acquired Boundary Devices for an undisclosed amount. This strategic move reinforces Laird Connectivity's System-on-Module (SOM) portfolio, providing customers with a comprehensive range of SOM and Single Board Computer (SBC) products that simplify wireless connectivity. Boundary Devices, a US-based company specializing in ARM-based System-on-Modules and Single Board Computers, adds valuable expertise to Laird Connectivity's offerings through this acquisition.
Major companies operating in the system on module market report are Axiomtek Co. Ltd., Reliance Industries Ltd., Avnet Inc., Advantech Co. Ltd., Kontron S&T AG, Mercury Systems Inc., DFI Inc., AAEON Technology Inc., Avalue Technology Inc., iBase Technology Inc., SECO S.p.A., Eurotech S.p.A., Congatec AG, Phytec Messtechnik GmbH, iWave Systems Technologies Pvt. Ltd., Toradex AG, TechNexion Ltd., Intrinsyc Technologies Corporation, VersaLogic Corporation, iENSO Inc., MYIR Tech Limited, Enclustra AG, Critical Link LLC, Variscite Ltd., SolidRun Ltd., Shiratech Solutions Ltd., Emtrion GmbH, TorizonCore by Toradex, Forlinx Embedded Technology Co. Ltd.
Asia-Pacific was the largest region in the system on module market in 2023. The regions covered in the system on module market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the system on module market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
System on modules come in different architectures, including ARM architecture, x86 architecture, power architecture, and others. ARM architecture comprises reduced instruction set computing (RISC) architectures for computer processors. Standards such as COM Express, SMARC (smart mobile architecture), Qseven, ETX (embedded technology extended), and others are used for applications such as industrial automation, medical, entertainment, transportation, test and measurement, communication, and more.
The system on module market research report is one of a series of new reports that provides system on module market statistics, including a system on module industry global market size, regional shares, competitors with a system on module market share, detailed system on module market segments, market trends and opportunities, and any further data you may need to thrive in the system on module industry. This system on module market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The system on module market consists of sales of PC/104 Plus, COM HPC, EDM, Apalis, and other types of systems on module standards. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. System on Module Market Characteristics3. System on Module Market Trends and Strategies32. Global System on Module Market Competitive Benchmarking33. Global System on Module Market Competitive Dashboard34. Key Mergers and Acquisitions in the System on Module Market
4. System on Module Market - Macro Economic Scenario
5. Global System on Module Market Size and Growth
6. System on Module Market Segmentation
7. System on Module Market Regional and Country Analysis
8. Asia-Pacific System on Module Market
9. China System on Module Market
10. India System on Module Market
11. Japan System on Module Market
12. Australia System on Module Market
13. Indonesia System on Module Market
14. South Korea System on Module Market
15. Western Europe System on Module Market
16. UK System on Module Market
17. Germany System on Module Market
18. France System on Module Market
19. Italy System on Module Market
20. Spain System on Module Market
21. Eastern Europe System on Module Market
22. Russia System on Module Market
23. North America System on Module Market
24. USA System on Module Market
25. Canada System on Module Market
26. South America System on Module Market
27. Brazil System on Module Market
28. Middle East System on Module Market
29. Africa System on Module Market
30. System on Module Market Competitive Landscape and Company Profiles
31. System on Module Market Other Major and Innovative Companies
35. System on Module Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
System On Module Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on system on module market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
- Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for system on module? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Type: ARM Architecture; x86 Architecture; Power Architecture; Other Types
2) By Component: Hardware; Software
3) By Standard: COM Express; SMARC (Smart Mobile Architecture); Qseven; ETX (Embedded Technology Extended); Other Standards
4) By Application: Industrial Automation; Medical; Entertainment; Transportation; Test and measurement; Communication; Other Applications
Key Companies Mentioned: Axiomtek Co. Ltd.; Reliance Industries Ltd.; Avnet Inc.; Advantech Co. Ltd.; Kontron S&T AG
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Axiomtek Co. Ltd.
- Reliance Industries Ltd.
- Avnet Inc.
- Advantech Co. Ltd.
- Kontron S&T AG
- Mercury Systems Inc.
- DFI Inc.
- AAEON Technology Inc.
- Avalue Technology Inc.
- iBase Technology Inc.
- SECO S.p.A.
- Eurotech S.p.A.
- Congatec AG
- Phytec Messtechnik GmbH
- iWave Systems Technologies Pvt. Ltd.
- Toradex AG
- TechNexion Ltd.
- Intrinsyc Technologies Corporation
- VersaLogic Corporation
- iENSO Inc.
- MYIR Tech Limited
- Enclustra AG
- Critical Link LLC
- Variscite Ltd.
- SolidRun Ltd.
- Shiratech Solutions Ltd.
- Emtrion GmbH
- TorizonCore by Toradex
- Forlinx Embedded Technology Co. Ltd.
Methodology
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