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The system on module market is likely to garner significant traction. The rising adoption and surge in demand for portable and wearable devices will boost market growth. Market Research Future (MRFR) states that the global system on module market is poised to grow to USD 6,051.3 MN by 2032 from USD 2,701.4 MN in 2022, with 8.4% CAGR during the review period (2023-2032).
Major Players
Leading SoM market players include
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Over the last two decades, system on module (SoM) technology has evolved greatly, offering many options. Today, customers demand uniform standards to gain greater design security and enable second sourcing. As a result, this has helped establish individual form factors such as DIMM-PC or ETX. However, the development of independent standards has helped establish full acceptance among users, which are now hosted by the PICMG and SGET standardization bodies.
System on Module (SoM) Market – Segments
This market is segmented into types, standards, applications, and regions. The type segment comprises ARM architecture, X86 architecture, and power architecture. The standard segment comprises COM Express, SMARC, Qseven, ETX/XTX, and COM-HPC. The applications segment comprises industrial automation, medical, entertainment, transportation, test & measurement, and others. By region, the SoM market is segmented into the Americas, Asia-Pacific, MEA, Europe, and the rest of the world.
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System on Module Market – Regional Analysis
North America dominates the global system on module market, witnessing the increasing uptake of wearable healthcare devices. Besides, large-scale industries and notable players, such as Intel Corporation, Atmel Corporation, and Texas Instruments in the region, support the system on module market revenue growth. Also, the rising demand for smart appliances and the rising penetration of IoT accelerate the region’s system on module market share.
Global SoM Market – Competitive Analysis
Characterized by several well-established players, the global system on module market appears highly competitive. Well-established players incorporate acquisition, collaboration, partnership, expansion, and technology launches to gain a larger competitive share and maintain their position in the system on module market. Other strategies that market players adopt include greater product commercialization, promotion initiatives through trade exhibitions, and increased collaboration.
Industry/ Innovation/ Related News:
Sept. 14, 2023 — Foundries.io announced that its new security technology, Arduino Portenta X8 SoM, provides capabilities to meet all the requirements of the EU’s Cyber Resilience Act (CRA) for the lifetime of each device. The Arduino Portenta X8 is the first system-on-module (SoM) developed in partnership with Arduino.
Portenta X8 SOM allows developers to manage device authentication and secure storage, providing an SBOM and updating OTA, all in a single, cloud-based user environment. This system offers high security against all cyber-attacks and malware, enabling rapid, device-specific responses to Common Vulnerabilities and Exposures (CVE) notifications.
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
