Global Micro System-On-Module (SOM) Market Size By Architecture, By Processor Type, By Application, By Geographic Scope And Forecast
Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Micro System-On-Module (SOM) Market Size By Architecture, By Processor Type, By Application, By Geographic Scope And Forecast
Micro System-On-Module (SOM) Market Size And Forecast
Micro System-On-Module (SOM) Market size was valued at USD 956.25 Million in 2023 and is projected to reach USD 1956 Million in 2030 growing at a CAGR of 9.56% during the forecasted period 2024 to 2030.
Global Micro System-On-Module (SOM) Market Drivers
The market drivers for the Micro System-On-Module (SOM) Market can be influenced by various factors. These may include
- Growing Need for Small and Power-Saving Devices The adoption of System on Module solutions was being driven by the growing need for more compact and energy-efficient electronic devices in a variety of areas, including industrial automation, healthcare, and the Internet of Things.
- Proximity to Market Benefits Faster development cycles are made possible by SoM products, which offer pre-designed and pre-tested components. This can provide you a competitive edge by cutting down on how long it takes to launch a new product.
- Increasing Electronic System Complexity The increasing use of SoM solutions is a result of the expanding complexity of electronic systems, which includes developments in embedded computing. Through the integration of multiple components into a single module, SoMs aid in managing this complexity.
- Quick Developments in Technology As manufacturers look to incorporate the newest technologies into their products, the availability of more potent and energy-efficient processors and ongoing improvements in semiconductor technology both contribute to the growth of the SoM industry.
- Expanding IoT Inputs The need for small-footprint and scalable computing solutions—of which SoMs are essential—has been fueled by the growth of Internet of Things applications in a variety of industries, including smart cities, smart homes, and industrial IoT.
- Economical Design and Production Because SoMs require less money for development and manufacture, they have cost advantages. By using pre-built modules for typical functionalities, they let businesses concentrate on their core skills.
- A heightened emphasis on edge computing Strong yet small computing solutions like SoMs are in more demand due to the advent of edge computing, which processes data closer to the data source rather than depending exclusively on centralised cloud servers.
- Personalisation and Expandability SoMs offer a foundation for customisation, enabling producers to select particular modules in accordance with their needs. In applications where scalability and customised solutions are required, this flexibility is essential.
Global Micro System-On-Module (SOM) Market Restraints
Several factors can act as restraints or challenges for the Micro System-On-Module (SOM) Market. These may include
- High Development Start-Up Costs System on Module solutions can have comparatively expensive initial development and design expenditures. Smaller businesses or startups with minimal funding may find this difficult to overcome.
- Complexity of Integration Even while SoMs make it easier to integrate different components, system integration and compatibility issues can still arise, particularly when interacting with other hardware and software components.
- Minimal Personalisation for High-Efficiency Uses In certain high-performance applications, SoMs’ degree of customisation may be prohibitive. Standardised SoMs may not always be able to provide the highly specialised and customised solutions needed for some applications.
- Security Issues Potential security flaws may be introduced by the incorporation of SoMs, particularly as more devices become networked. It is essential and sometimes restrictive to ensure the security of the data, communication protocols, and embedded systems.
- Reliance on SoM Suppliers Businesses that use SoMs frequently rely on the suppliers for long-term availability, updates, and support. Businesses that depend on a provider’s modules may be at danger if that provider encounters difficulties or decides to stop offering that particular module.
- Division of the Market There are several companies in the SoM industry providing a range of solutions, which is fragmenting the market. System architects and designers may encounter difficulties with vendor compatibility and standards.
- Performance Restrictions in Specific Use Cases SoMs can be used for a variety of activities, however for really complex or specialised computing tasks, they may not be as performant. Applications that demand state-of-the-art performance may choose to use customised solutions.
- Absence of Industry Standards Lack of common interfaces and protocols across various SoM providers might hinder ease of integration with other components and systems and cause interoperability issues.
- Design and Intellectual Property Issues When designing goods with SoMs, exchanging some intellectual property (IP) with the SoM supplier may be necessary. Businesses that customise proprietary designs have to overcome various restrictions and IP considerations.
- Concerns about the environment and longevity Some industries, like automotive or industrial automation, may have doubts regarding the robustness and durability of SoM solutions under challenging environmental circumstances.
Global Micro System-On-Module (SOM) Market Segmentation Analysis
The Micro System-On-Module (SOM) Market is segmented based on Architecture, Processor Type, Application and Geography.
Micro System-On-Module (SOM) Market, By Architecture
- ARM Architecture SoMs based on ARM architecture are widely used in embedded systems, IoT devices, and various applications requiring low power consumption.
- x86 Architecture SoMs using x86 architecture are often employed in applications where higher computational power is needed, such as industrial PCs and certain embedded systems.
Micro System-On-Module (SOM) Market, By Processor Type
- Application-Specific Integrated Circuit (ASIC) SoMs Custom-designed for specific applications, providing optimized performance for dedicated tasks.
- Field-Programmable Gate Array (FPGA) SoMs Configurable hardware that can be adapted for various applications, offering flexibility in design and functionality.
- System on Chip (SoC) SoMs Integrating multiple components (processor, memory, peripherals) into a single chip, offering a compact solution.
Micro System-On-Module (SOM) Market, By Application
- Industrial Automation SoMs are used in industrial control systems, robotics, and other automation applications.
- Healthcare SoMs find applications in medical devices, diagnostic equipment, and healthcare IoT.
- Consumer Electronics Used in smart home devices, multimedia applications, and other consumer-oriented products.
- Communications SoMs play a role in networking equipment, routers, and communication devices.
- Automotive SoMs are employed in automotive infotainment systems, ADAS (Advanced Driver Assistance Systems), and other in-vehicle applications.
- Aerospace and Defense SoMs are utilized in avionics, unmanned aerial vehicles (UAVs), and defense electronics.
Micro System-On-Module (SOM) Market, By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
Key Players
The major players in the Micro System-On-Module (SOM) Market can be categorized into
- Advantech
- Kontron
- Artesyn Embedded Technologies
- MSC Technologies (Avnet)
- Congatec
- ADLink Technology
- Axiomtek
- Eurotech
- Phytec
- Avalue Technology
- Digi International
- IEI Technology
- AAEON Technology
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2020-2030 |
BASE YEAR | 2023 |
FORECAST PERIOD | 2024-2030 |
HISTORICAL PERIOD | 2020-2022 |
UNIT | Value (USD Million) |
KEY COMPANIES PROFILED | Advantech, Kontron, Artesyn Embedded Technologies, MSC Technologies (Avnet), Congatec, ADLink Technology, Axiomtek, Eurotech, Phytec, Avalue Technology. |
SEGMENTS COVERED | By Architecture, By Processor Type, By Application and By Geography. |
CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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