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System on Module Market Trends, Share, Analysis & Growth Report 2023 – 2032

System on Module Market will grow exponentially through 2032, primarily owing to the growing demand for the modules for SDR (Software-Defined Radio). The SoMs adoption is constantly growing in the military and aerospace industries, thus expanding the SoM market scope in the coming years.

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System on Module Market Trends, Share, Analysis & Growth Report 2023 – 2032

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  1. System on Module Market Trends, Share, Analysis & Growth Report 2023 – 2032 Fuel Cell Market size worth $25.5bn by 2024

  2. KeyInsights from System on Module Market : • System on Module Market will grow exponentially through 2032, primarily owing to the growing demand for the modules for SDR (Software-Defined Radio). The SoMs adoption is constantly growing in the military and aerospace industries, thus expanding the SoM market scope in the coming years. • Besides, the rising popularity of ARM processors in embedded systems owing to their lesser power consumption, low-power budget, and high-performance embedded computing will also fuel the market demand. • Key SoM solution providers are also trying to expand their portfolios to gain a competitive edge in the market. For instance, in December 2022, Sipeed, the embedded computing specialist declared that it is experimenting with a high-performance SoM, which can perform better than the Raspberry Pi 4's Arm Cortex-A72 cores.

  3. Continued... • Overall, the system on module market has been bifurcated in terms of product, standard, application, and region. • Based on product, the ARM segment held more than 70% market share in 2022 and will grow significantly through 2032. Since ARM offers various high-end features such as reduced power usage and cost, apart from generating less heat, it is used in consumer electronic devices such as mobile devices, tablets, smartphones, and multimedia players. Increasing demand for consumer electronics is anticipated to further drive the market demand for this segment. • On the basis of standard, the system on module market is likely to be characterized by the COMExpress segment which was valued at more than USD 500 million in 2022. There is an increasing adoption of the COMExpress module by the industrial sector as they can operate in an extensive temperature ranges with various processor modules.

  4. Browse key industry insights spread across 290 pages with 295 market data tables & figures from the report, “System on Module Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/system-on-module-market Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/3224

  5. Continued... • Several prominent market participants are working on introducing new COMExpress products in the market to secure a niche in the industry. To cite an instance, in January 2022, Avnet announced its plans to expand its COMExpress product portfolio by adding a new type 6 module, which will offer scalable energy efficiency and high computing speed. • In terms of application, the market is likely to be defined by the transportation segment. Transportation firms are increasingly adopting SoM and embedded computing solutions to ensure better driving experience and improved safety. Moreover, the increasing development in autonomous vehicles is escalating the demand for SoM as well, which will drive the market between 2023 and 2032. • In the regional context, the system on module market will grow significantly in the Asia Pacific region, owing to the increasing number of favorable government initiatives and policies that support the development of the manufacturing sector in Asian economies.

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