seobhushan (72)

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System on Module Market is projected to reach
CAGR 12 by 2027
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Key Insights from System on Module Market

• System on Module market growth will predominantly
  be driven by the growing penetration of consumer
  technology products and services globally.
  Growing demand for high-speed data processing in
  embedded systems, integrated into vehicles,
  railways, aircraft, marine surveillance, and
  others, would boost the adoption of SoM
  solutions.
• Growing emphasis on introduction of innovative
  SoM based electricals will open new growth
  avenues for the industry. Citing an instance, in
  March 2021, MicroSys announced the introduction
  of SoM based on NXP QorIQ PowerPC processor
  architecture. The system is tailor-made to
  provide optimized operational performance for
  mobile systems and commercial vehicles. Owing to
  this, power architecture processors held around a
  5 share of the system on module market revenue
  in 2020 and are estimated to expand at 6 CAGR
  through 2027.

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Regional Insights in System on Module Market

• Global system on module market share from North
  America is estimated to grow at 10 CAGR through
  2027. This is attributed to the growing
  integration of SoM solutions in smart home
  devices in the region.
• These smart home solutions include security
  systems, PC displays, and kitchen appliances,
  among others. Moreover, the growing penetration
  of IoT devices would further augment the system
  on module (SoM) business landscape in North
  America.

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Major Companies in System on Module Market

• AAEON Technology Inc.
• Advantech Co., Ltd.
• Avnet, Inc.
• Congatec AG
• Eurotech, Inc.
• Kontron ST AG
• Microchip Technology, Inc.

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Industry Coverage

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