System on Module Market Size, Share, & Growth Report 2028

System on Module Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Hardware and Software), Hardware Type (ARM, X86, POWER, FPGA, GPU, DSP, and RISC-V), Application (Industrial Automation, Entertainment, Medical, Transportation, Test and Measurement, Video Application, and Others), and Standard (Qseven, SMARC, and COMExpress)

  • Report Code : TIPRE00019379
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 219
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[Research Report] The system on module market is expected to grow from US$ 2,174.8 million in 2022 to US$ 3,682.6 million by 2028; it is estimated to grow at a CAGR of 9.2% from 2022 to 2028.

Based on geography, the global system on module market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. In 2021, Asia Pacific led the system on module market analysis with a share of over 34%, followed by North America and Europe.

Taiwan and China are the leading semiconductor manufacturing countries in Asia Pacific. Rising GDP per capita in developing countries, such as India and China, is resulting in a large consumer base for high-tech consumer electronics, including smartphones, smart wearables, personal computers, television sets, and washing machines. China is a leading manufacturer of integrated chip packaging products, while South Korea, Taiwan, and Japan are among the major contributors to the regional system on module market growth. Many APAC countries are characterized by the mass production of electronic devices required for consumer electronics, automotive components, telecommunication devices, and other industrial machinery. An increasing number of electronics manufacturing companies in India and China due to the strong availability of skilled human resources is driving the system on module market growth. According to the Cisco annual internet report, Asia Pacific would mark ~3.1 billion Internet users by 2023. Further, according to the Ericsson Mobility Report, their mobile connections in Asia Pacific are expected to rise from ~4 billion to ~4.6 billion by 2021.

The APAC system on module market share is segmented into India, China, Japan, Australia, and the Rest of Asia Pacific. India is one of the leading electronics manufacturing countries in Asia Pacific, which adopts the advanced technology owing to the increased spending capacity of consumers. The electronic industry is witnessing stronger growth in the region as demand for advanced solutions has increased. Strong penetration of smartphones, smartwatches, and other electronic devices is driving the market growth in the country. A single mobile manufacturer that has achieved such a high target is expected to show potential for SoM in package technology in the Indian smartphone market. Companies such as Samsung, Apple, Xiaomi, and Vivo are expanding their presence by setting up new plants in India. Furthermore, the increased use of digital technologies such as kiosks and robots at airports is further boosting the market growth. For instance, Vistara, a joint venture between Tata Sons and Singapore Airlines, has developed RADA, a unique artificial intelligence-based robot, to automate mundane jobs and improve customer experience. Such developments in the field of automating are projected to contribute toward the system on module market growth.

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System on Module Market: Strategic Insights

Market Size Value inUS$ 2,174.8 Million in 2022
Market Size Value byUS$ 3,682.6 Million by 2028
Growth rateCAGR of 9.2% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
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– System on Module Market

Impact of COVID-19 Pandemic on System on Module Market


The electronic & semiconductor market in the MEA has remained broadly resilient in the financial pressures resulting from the COVID-19 pandemic. However, the pandemic severely impacted the supply chain and small and medium-sized enterprises. The risk of hostile foreign involvement in the regional supply chain in the MEA has increased due to financial vulnerability. The manufacturing sector is hindered owing to the cancellation of orders, product delays, and higher price pressures. Logistic and economic hurdles have disrupted sales, and product development, hampering the SoM manufacturers by rising costs and production irregularities. Shortages in semiconductor microchips, embedded system solutions, and system on modules have delayed automobile deliveries, led to a supply shortfall in home appliances, and increased the cost of smart devices, which has hampered the market growth.

Lucrative Regions for System on Module Market

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Market Insights – System on Module Market

The flourishing trends of deploying industrial robots in the manufacturing sector are significantly driving the adoption of SoMs in industrial automation. SoMs improve the industrial control processes and operations of factory equipment and industrial robots. South Korea is anticipated to contribute significantly to the Asia Pacific system of module market growth due to highest adoption of robot in industrial sector. Further, the continuous advancements in communication systems and sensors are also accelerating the demand for SoMs to deliver high productivity. Industry 4.0 has bolstered the adoption of service robots as robotics helps achieve high manufacturing productivity. The growing use of embedded systems in robots to reduce their reliance on external computing systems is also bolstering the system on module market growth.

Component-Based Insights

Based on component, the system on module market size is segmented into hardware and software. A System on Module (SoM) or Computer on Module (CoM) is a ready-to-use, small form-factor, and computing solution encompassed with application agnostic hardware and software for creating any embedded product. The SOM gives core components of an embedded processing system which includes communication interfaces, memory blocks, and processor cores on a single production-ready printed circuit board. This approach makes SOM suitable for embedding into end systems, beginning from security cameras to high-end applications like robots & smart cities.

The global system on module market is segmented into component, hardware type, application, and standard. Based on component, the market is bifurcated into hardware and software. Based on hardware type, the system on module market is segmented into ARM, x86, power, FPGA, GPU, DSP, and others. Based on application, the market is segmented into industrial automation, medical, entertainment, transportation, test & measurement, and others. Based on standard, the system on module market is categorized into Qseven, SMARC, and COMExpress. By geography, the system on module market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and South America.

National Instruments; Advantech Co., Ltd.; Axiomtek Co., Ltd.; Emac, Inc; and Microchip Technology, Inc. are a few of the major players operating in the system on module market that are profiled in the study.

The system on module market players are mainly focused on the development of advanced and efficient products.

  • In 2022, SiFive partnered with an AI processor maker, BrainChip. The combination of the respective technologies of these companies is expected to provide chip designers with optimized machine learning (ML) and artificial intelligence (AI) for edge computing.
  • In 2020, SoMLabs and e2-s (Embdes Engineer Solutions) had signed a memorandum of understanding (MoU) and planned to collaborate on the development of custom product designs or carrier boards based on the SOMs.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Component, Hardware Type, Application, and Standard

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions

What is the future trend in the system on module market?

Adoption of industrial robots in factories and era of smart factory is impacting the penetration rate of system on module positively, which in turn is fueling the system on module market growth.

What are the driving factors impacting the system on module market?

Growth of embedded computing, proliferation of industrial automation, and rise in government initiatives for industrial expansion in APAC region are the factors influencing the growth of system on module market.

What is the estimated global market size for the system on module market in 2022?

The estimated global market size for the system on module market in 2022 is US$ 2,174.8 million. A system on module (SoM) is a small-form-factor computing solution that consists of a hardware and software for developing embedded products.

Which country is holding the major market share of APAC system on module market?

China holds the major market share of system on module market in 2022.

Which application held the largest share in system on module market in 2022?

Industrial automation held the largest share in system on module market. Growing demands for system on module for improved processing and machine operations of factory equipment and industrial robots is accelerating market growth.

Which countries are registering a high growth rate during the forecast period?

Mexico, Russia, Germany, India, South Korea, Saudi Arabia are registering a high growth rate during the forecast period.

Which are the key players holding the major market share of system on module market?

National Instruments, Advantech Co., Ltd., Axiomtek Co., Ltd., Emac, Inc, and Microchip Technology, Inc. are the key market players holding the major market share of system on module market.

The List of Companies - System on Module Market

  1. Microchip Technology, Inc.
  2. Advantech Co. Ltd.
  3. SoMLabs
  4. Axiomtek Co., Ltd.
  5. Connect Tech Inc.
  6. National Instruments Corporation
  7. MAC, Inc.
  8. congatec GmbH
  9. AAEON
  10. Emcraft Systems
  11. MIPS Technologies Inc.
  12. SiFive Inc.
  13. Segate Technology LLC

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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