[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

System on Module Market

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  CAGR (2022 - 2028)

  9.2%
• Market Size 2022
  US$ 2.17 Billion
• Market Size 2028
  US$ 3.68 Billion

Market Dynamics

GROWTH DRIVERS

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FUTURE TRENDS

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OPPORTUNITIES

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Key Players

• Microchip Technology, Inc.
• Advantech Co. Ltd.
• SoMLabs
• Axiomtek Co., Ltd.
• Connect Tech Inc.
• National Instruments Corporation
• MAC, Inc.
• congatec GmbH
• AAEON

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Component

• Hardware and Software

Hardware Type

• ARM
• X86
• POWER
• FPGA
• GPU
• DSP
• RISC-V

Application

• Industrial Automation
• Entertainment
• Medical
• Transportation
• Test and Measurement
• Video Application
• Others

Standard

• Qseven
• SMARC
• COMExpress

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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.

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.

System on Module Market Report Scope

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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.