North America System on Module (SoM) Market to Grow at a CAGR of 8.4% to reach US$ 868.70 million Million from 2021 to 2028

North America System on Module (SoM) Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Processor Type (ARM, X86, POWER, FPGA, GPU, and DSP), Application (Industrial Automation, Entertainment, Medical, Transportation, Test and Measurement, and Others), and Standard (Qseven, SMARC, and COMExpress)

  • Report Code : TIPRE00025840
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 110
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The North America system on module (SoM) market is expected to grow from US$ 495.16 million in 2021 to US$ 868.70 million by 2028; it is estimated to grow at a CAGR of 8.4% from 2021 to 2028.



A system on module (SoM) is a small-form-factor computing solution that consists of a hardware and software for developing embedded products. It is a single physical module that incorporates many computing components such as a central processing unit (CPU), random access memory (RAM), flash memory, power management unit, an Ethernet bus, and Wi-Fi and Bluetooth radios. This availability of hardware components as a single unit reduces the complexity of final product designs. The integration of system on module with ready-to-use operating systems, and integrated support for development environments, frameworks, and other third-party software are providing lucrative growth opportunities for industry participants. Many players in the system on module market are providing off-the-shelf carrier boards that can be used for development in a wide range of applications. Further, system on module benefit through reduced complexity while maintaining high flexibility in the form factor, further supporting the market growth.

In North America, social distancing and work from home scenarios increased the sales of consumer electronic devices, such as laptops, home-networking gear, webcams, and monitors. Sales of home entertainment systems and other appliances also increased all of which come with customized chips. Therefore, to meet the demands, the system on module companies in North America are significantly improving their production technology. The US computer processors chipmaker, Intel Corp. reported a significant decline in sales due to production delays. The US government has ordered economic and national security experts to look for gaps in the semiconductor supply chain and reduce the reliance on other countries to manufacture semiconductors. Significant initiatives are anticipated to boost the growth of the North American system on module market during the forecast period.

With the new advancements and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America system on module (SoM) market. Lesser complexity of system on modules based on the Acorn RISC Machine (ARM) architecture, compared to those based on x86 processors, is accelerating the adoption of acorn risc machine -based processors. The demand for acorn risc machine processors in system on module is increasing as they come with reduced instruction sets and support single cycle computing. Leading manufacturers of acorn risc machine -based system on module—such as Congatec AG, Digi International, Kontron, and ARM Holdings Corporation—are engaged in designing and developing acorn risc machine architecture, thereby contributing to the growth of the market. The growing adoption of acorn risc machine architecture-based system on modules by small and medium scale enterprises; rising demand for advanced aerial imaging technology by the various end user verticals; and increasing application of system on modules in a wide range of applications, including industrial automation, medical, entertainment, transportation, test and measurement, and communications, is anticipated to provide lucrative opportunities for the growth of the system on module market players during the forecast period.
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North America System on Module (SoM) Market Segmentation

  • North America System on Module (SoM) Market – By Processor Type
    • ARM
    • X86
    • POWER
    • FPGA
    • GPU
    • DSP
  • North America System on Module (SoM) Market – By Application
    • Industrial Automation
    • Entertainment
    • Medical
    • Transportation
    • Test and Measurement
    • Others
  • North America System on Module (SoM) Market – By Standard
    • Qseven
    • SMARC
    • COMExpress 
  • North America System on module (SoM) Market – By Country
    • US
    • Canada
    • Mexico
Report Coverage
Report Coverage

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

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

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

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. North America System on Module (SoM) Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinions

5. System on Module (SoM) Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Growth of Embedded Computing Market

5.1.2 Proliferation of Industrial Automation

5.2 Market Restraints

5.2.1 Increased Complexity of Advanced Electronics Devices

5.3 Market Opportunities

5.3.1 New Product Developments in ARM Architecture

5.4 Future Trends

5.4.1 Adoption of Industrial Robots in Factories

5.5 Impact Analysis of Drivers and Restraints

6. System on Module (SoM) Market – North America Analysis

6.1 System on Module (SoM) Market North America Overview

6.2 System on Module (SoM) Market – North America Revenue and Forecast to 2028 (US$ Million)

7. North America System on Module (SoM) Market Analysis – By Processor Type

7.1 Overview

7.2 System on Module (SoM) Market, By Processor Type (2020 and 2028)

7.3 ARM

7.3.1 Overview

7.3.2 ARM: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)

7.4 X86

7.4.1 Overview

7.4.2 X86: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)

7.5 Power

7.5.1 Overview

7.5.2 Power: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)

7.6 FPGA

7.6.1 Overview

7.6.2 FPGA: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)

7.7 GPU

7.7.1 Overview

7.7.2 GPU: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)

7.8 DSP

7.8.1 Overview

7.8.2 DSP: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)

8. North America System on Module (SoM) Market – By Standard

8.1 Overview

8.2 System on Module (SoM) Market, By Standard (2020 and 2028)

8.3 Qseven

8.3.1 Overview

8.3.2 Qseven: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)

8.4 COMExpress

8.4.1 Overview

8.4.2 COMExpress: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)

8.5 SMARC

8.5.1 Overview

8.5.2 SMARC: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)

9. North America System on Module (SoM) Market – By Application

9.1 Overview

9.2 System on Module (SoM) Market, By Application (2020 and 2028)

9.3 Industrial Automation

9.3.1 Overview

9.3.2 Industrial Automation: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)

9.4 Entertainment

9.4.1 Overview

9.4.2 Entertainment: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)

9.5 Medical

9.5.1 Overview

9.5.2 Medical: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)

9.6 Transportation

9.6.1 Overview

9.6.2 Transportation: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)

9.7 Test and Measurement

9.7.1 Overview

9.7.2 Test and Measurement: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)

9.8 Others

9.8.1 Overview

9.8.2 Others: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)

10. North America System on Module (SoM) Market – Country Analysis

10.1 North America: System on Module (SoM) Market

10.1.1 North America: System on Module (SoM) Market, by Key Country

10.1.1.1 US: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1 US: System on Module (SoM) Market, by Processor Type

10.1.1.1.2 US: System on Module (SoM) Market, by Standard

10.1.1.1.3 US: System on Module (SoM) Market, by Application

10.1.1.2 Canada: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1 Canada: System on Module (SoM) Market, by Processor Type

10.1.1.2.2 Canada: System on Module (SoM) Market, by Standard

10.1.1.2.3 Canada: System on Module (SoM) Market, by Application

10.1.1.3 Mexico: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1 Mexico: System on Module (SoM) Market, by Processor Type

10.1.1.3.2 Mexico: System on Module (SoM) Market, by Standard

10.1.1.3.3 Mexico: System on Module (SoM) Market, by Application

11. Impact of COVID-19 Pandemic on North America System on Module (SoM) Market

11.1 Impact of COVID-19 Pandemic on System on Module (SoM) Market: Regional Analysis

11.1.1 North America: Impact Assessment of COVID-19 Pandemic

12. Industry Landscape

12.1 Overview

12.2 Market Initiative

12.3 Merger and Acquisition

12.4 New Development

13. Company Profiles

13.1 Microchip Technology Inc.

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 Advantech Co. Ltd.

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 SoMLabs

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 Axiomtek Co., Ltd.

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 Connect Tech Inc.

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 National Instruments Corporation

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 MAC, Inc.

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 congatec GmbH

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

13.9 AAEON

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Products and Services

13.9.4 Financial Overview

13.9.5 SWOT Analysis

13.9.6 Key Developments

13.10 Emcraft Systems

13.10.1 Key Facts

13.10.2 Business Description

13.10.3 Products and Services

13.10.4 Financial Overview

13.10.5 SWOT Analysis

13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Word Index

LIST OF TABLES

Table 1. North America: System on Module (SoM) Market – Revenue, and Forecast to 2028 (US$ Million)

Table 2. US: System on Module (SoM) Market, by Processor Type –Revenue and Forecast to 2028 (US$ Million)

Table 3. US: System on Module (SoM) Market, by Standard –Revenue and Forecast to 2028 (US$ Million)

Table 4. US: System on Module (SoM) Market, by Application –Revenue and Forecast to 2028 (US$ Million)

Table 5. Canada: System on Module (SoM) Market, by Processor Type – Revenue and Forecast to 2028 (US$ Million)

Table 6. Canada: System on Module (SoM) Market, by Standard – Revenue and Forecast to 2028 (US$ Million)

Table 7. Canada: System on Module (SoM) Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 8. Mexico: System on Module (SoM) Market, by Processor Type – Revenue and Forecast to 2028 (US$ Million)

Table 9. Mexico: System on Module (SoM) Market, by Standard – Revenue and Forecast to 2028 (US$ Million)

Table 10. Mexico: System on Module (SoM) Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 11. List of Abbreviation

LIST OF FIGURES

Figure 1. System on Module (SoM) Market Segmentation

Figure 2. System on Module (SoM) Market Segmentation – By Country

Figure 3. North America System on Module (SoM) Market Overview

Figure 4. ARM Segment Held the Largest Market Share in 2020

Figure 5. Qseven Segment Held the Largest Market Share in 2020

Figure 6. Industrial Automation Segment Held the Largest Market Share in 2020

Figure 7. US was the Largest Revenue Contributor in 2020

Figure 8. North America – PEST Analysis

Figure 9. System on Module (SoM) Market– Ecosystem Analysis

Figure 10. Expert Opinions

Figure 11. System on Module (SoM) Market: Impact Analysis of Drivers and Restraints

Figure 12. North America: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13. System on Module (SoM) Market Revenue Share, by Processor Type (2020 and 2028)

Figure 14. ARM: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15. X86: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16. Power: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17. FPGA: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18. GPU: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19. DSP: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20. System on Module (SoM) Market Revenue Share, By Standard (2020 and 2028)

Figure 21. Qseven: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22. COMExpress: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23. SMARC: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24. System on Module (SoM) Market Revenue Share, By Application (2020 and 2028)

Figure 25. Industrial Automation: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26. Entertainment: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27. Medical: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28. Transportation: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. Test and Measurement: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30. Others: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. North America: System on Module (SoM) Market, by Key Country – Revenue (2020) (USD Million)

Figure 32. North America: System on Module (SoM) Market Revenue Share, by Key Country (2020 and 2028)

Figure 33. US: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)

Figure 34. Canada: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)

Figure 35. Mexico: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)

Figure 36. Impact of COVID-19 Pandemic in North American Country Markets
  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

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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