According to the recent report by GMI, Inc., system on module market size is projected to surpass USD 3 billion by 2027. The growing adoption of high-end technologies such as the Internet of Things (IoT) and artificial intelligence has instigated the adoption of various smart solutions. This, in turn, has increased the application of system on module in various field including medical surgery, face recognition, smart home applications, etc.

The system on module market progression is being further driven by the growing adoption of fast data processing in the embedded transportation systems such as vehicles, avionics, and others. This can be credited to several advantages of system on module over the multi-board modules, such as small size, lightweight, highly reliable, and less power consumption. As a result, it serves as an excellent substitute for car navigation, mapping, positive train control, and aerospace & defense communications.

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Some of the following trends:

Rising application of power architecture SoM

A power architecture processor provides various advantages such as effective hardware or software compatibility, enhanced performance, high-speed data computation, and efficient power supply. This is fueling the adoption of power architecture SoM in various networking and industrial applications like embedded networking equipment and conventional embedded solutions.

On account of high product application, power architecture processor segment is expected to register a notable CAGR of over 6% through 2027.

Heightened adoption of COMExpress SoM

The increasing adoption of embedded systems to facilitate high-speed connectivity in the telecommunication industry has instigated the demand for COMExpress SoM. Various SoM manufacturers are now using COMExpress modules to provide high bandwidth performance for POS devices, general-purpose embedded computers, and other communication applications.

In 2020, Advantech launched its Type 7 COM Express SoM, offering integrated server performance and improved security protection. With the rising product demand, COMExpress segment is estimated to record a substantial CAGR of over 11% through 2027.

Increasing demand for entertainment purposes

The rising demand for system on module market has significantly increased in the entertainment sector, especially in the gaming industry. It is extensively used across PC gaming hardware, gaming console hardware, and Virtual Reality equipment. This can be ascribed to the benefits offered by SoM such as more design freedom, low footprint, and low power consumption.

The proliferation of gaming sector is opening ample growth opportunities for SoM market. According to 2020 published World Economic Forum Report, the global gaming market size was estimated to reach USD 159 billion. On account of these factors, entertainment segment had captured a share of 5.0% of system on module market in 2020 and is expected to witness a robust CAGR of 9% through 2027.

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Growing preference for smart home devices in North America

There has been a considerable rise in the adoption of smart home connected devices in North America over the past few years. As per the Consumer Technology Association (CTA) estimates, smart home products sales in the U.S. are expected to reach USD 15 billion in 2021, representing over a 3% rise as compared to the previous year. These smart home products largely comprise PC displays, kitchen appliances, speakers, etc. which come equipped with SoM devices.

The increasing application of IoT technology in the region is further impelling the product demand. Considering this, North America system on module market is estimated to observe a lucrative CAGR of over 10% through 2027.

In a nutshell, rising focus of SoM industry participants on introducing innovative solutions to effectively cater to increasing consumer demands and gain a strong foothold in the business space would favor the overall market growth.

Table of Contents (ToC) of the report:

Chapter 1   Methodology and Scope

1.1    Scope & definition

1.2    Methodology & forecast

1.3    Data Sources

1.3.1    Primary

1.3.2    Secondary

Chapter 2   Executive Summary

2.1    System on module market 360⁰ synopsis, 2016 - 2027

2.1.1    Business trends

2.1.2    Regional trends

2.1.3    Product trends

2.1.4    Standard trends

2.1.5    Application trends

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