The system on module market is predicted to register a valuation of US$ 1.15 billion in 2023, and is estimated to rise to US$ 4.65 billion by 2033. The market is anticipated to record a CAGR of 15% during the forecast period. The factors accelerating the demand for system on module are as follows:
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The hardware manufacturers are focusing on developing multiple functionalities in the system on the module to reduce the complexity of designing. However, the rising cost of setting up advanced technology devices may also restrain the market growth by low and middle-income people. Moreover, the adoption of highly integrated systems makes devices more complex.
Adding multiple components, such as operating voltages, modes, and various functionality, are declining the market growth. In addition, lack of skilled experts or trained system operators may restrain the market growth rate.
| Attributes | Details |
|---|---|
| Market CAGR (2023 to 2033) | 15% |
| Market Valuation (2023) | US$ 1.15 billion |
| Market Valuation (2033) | US$ 4.65 billion |
According to Future Market Insights, the global system on module market is predicted at a healthy 15% CAGR during the forecast period. Historically, the market registered a CAGR of 14.1% between 2017 and 2022.
Several end-use industries, such as industrial, electronic, medical, and transportation, are growing their market share by securing a maximum share in recent years. For example, during the COVID-19 crisis, the system on module manufacturers developed advanced medical devices to detect infections before symptoms. In addition, these manufacturers develop medical appliances such as remote devices, testing equipment, and other healthcare services with the adoption of the Internet of Things.
The uncertainty of the COVID-19 crisis faced several challenges in the market. The slowdown of the supply chain, distribution channels, and low production due to temporary lockdowns declined the market growth. It harmed end-use industries.
The market is estimated to reach US$ 4.65 billion during the forecast period. Historically, the market stood at US$ 1.01 billion from 2017 to 2022.
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Based on product type, power architecture dominates the global market by occupying a growth rate of 5% by 2033. The increasing demand for high efficiency, seamless compatibility, better integration, and advanced performance increases the demand for power architecture. Furthermore, end-user industries such as industrial and networking applications are increasing the adoption of power architecture due to high-speed communication. In addition, embedded solutions and networking equipment fuel the market growth.
Based on the standard, the Qseven category is projected to secure a growth rate of 15% by 2033. In addition, adopting the Qseven category, which is widely used for smart home applications to enhance computing performance, is driving market expansion. The rising demand for Qseven increases due to its low power consumption and capability of flexible design, thus driving the market growth.
The increasing demand for Qseven enhances storage capability. In addition, the end-user industries are expanding the market by fueling networking applications with the adoption of the Internet of Things.
Based on application, the industrial automation sector is projected to capture a maximum valuation of US$ 3 billion by 2033. The rapidly growing advanced technologies, such as robotics, Artificial Intelligence, embedded solutions, and proper utilization of systems on the module, are driving the industrial automation sector.
Limiting human labor, adopting automated equipment & machinery, and garnering safety are surging the manufacturing facilities in industrial automation. In addition, the innovation of industrial robots and the development of embedded systems fuel the market opportunities in the sector.
The United States is estimated to secure a valuation of US$ 350 million during the forecast period. The growing requirements for automated solutions in the industrial sector for their progression drive the market opportunities in the United States. Several organizations are adopting the Internet of Things and advanced technologies that are accelerating the demand for system on module in the United States.
Growing investment in the latest technology, the presence of key vendors, and government initiatives are expected to bolster the United States market. On another side, shifting consumer preference for Artificial Intelligence and robotics in the manufacturing industry propels the market expansion.
According to a report, nearly 69% of homes in the United States have at least one smart home technology product. Smart home technology devices are speakers, indoor HVAC control systems, robots, smart security systems, and others. In addition, as per another report by Pew Research Center in 2020, around 21% of United States adults wear fitness bands and watches.
The United Kingdom is the second leading nation that is anticipated to capture a relevant share of the market during the forecast period. Increasing demand for smart and Artificial Intelligence medical equipment in the healthcare sector is driving the United Kingdom’s market size.
The innovation of wireless and wearable devices, such as smartwatches and bands for monitoring patients' health, is uplifting market growth. Furthermore, the development of the Internet of Things is widely used in automobiles, smart homes, and kitchens, which is expected to fuel the United Kingdom system on module market.
Universities and colleges are increasing the adoption of system on module to operate computer systems to get information and learn online. In addition, the increasing demand for e-books and e-learning is growing the market opportunities in the United Kingdom.
The Asia Pacific is anticipated to be the dominating region in the global market during the forecast period. Rising innovative technologies and the automation industry are fostering the Asia Pacific system on module market. India and China are the prominent leaders in the Asia Pacific market that fuel the global market.
Increasing demand for electronic components, including boards, SoCs, and processors, is surging the electronic industry in India. Furthermore, growing automation cars equipped with advanced technologies and innovation on medical devices are expected to flourish the Indian system on module market growth. In addition, the end-use sectors such as entertainment and transportation are rapidly expanding the market opportunities in India.
China is another nation in the Asia Pacific region that is predicted to secure a relevant share of the global market by 2033. The increasing production of semiconductors and consumer electronics gadgets propels market growth in China. Growing production of chip packaging, smart wearable, and smartphones are surging the China system on module market. Additionally, the growing telecommunication and automotive components industries are anticipated to bolster the China market.
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The key players play a crucial role in the global market by acquiring a maximum share. The system on module manufacturers is innovatively advanced equipment that is easy to operate for several end-use industries to reduce workloads. Prominent investors make deals to acquire maximum profits by investing millions of dollars in the global market.
These vendors deeply analyze the latest technology and products through research & development activities. They are focused on end-users' demands and launch innovative products that satisfy their requirements easily. They attract consumers with budget-friendly equipment and advanced technologies through several marketing methodologies. Market players are adopting various marketing strategies to expand the market revenue: mergers, agreements, collaborations, acquisitions, partnerships, and product launches.
Other Prominent Players in the Market are:
Recent Developments in the Market are:
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2017 to 2022 |
| Market Analysis | US$ billion for Value |
| Key Countries Covered | United States, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Türkiye, Northern Africa, and South Africa |
| Key Segments Covered | Standard, Product, Application, Region |
| Key Companies Profiled | Advantech Co Ltd.; ConnetTech Inc.; AAEON Technology; Avnet Inc.; EMAC Inc.; Avalue Technology; Axiomtek Co Ltd.; Eurotech Inc.; National Instruments; SECO S.P.A.; VIV Technologies Inc.; Kontron ST & G; Phytec; Microchip Technology; Emac Inc.; Unex Technology; Digi International Inc.; Variscite |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
By 2033, the market will expand at a 15% CAGR.
The 2022 market value is US$ 1.15 billion.
From 2017 to 2022, the market expanded at a 14.1% CAGR.
The United States will expand at a 14.7% CAGR by 2033.
Power architecture is expected to be highly preferred.
1. Executive Summary | System on Module Market 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Component, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Component, 2023 to 2033 5.3.1. Hardware 5.3.2. Software 5.4. Y-o-Y Growth Trend Analysis By Component, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Component, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By Type, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Type, 2023 to 2033 6.3.1. ARM Architecture 6.3.2. x86 Architecture 6.3.3. Power Architecture 6.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-User 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) Analysis By End-User , 2018 to 2022 7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End-User , 2023 to 2033 7.3.1. Chemical & Petrochemical 7.3.2. Oil & Gas 7.3.3. Energy & Power 7.3.4. Automotive 7.3.5. Food & Beverages 7.3.6. Healthcare 7.3.7. Others 7.4. Y-o-Y Growth Trend Analysis By End-User , 2018 to 2022 7.5. Absolute $ Opportunity Analysis By End-User , 2023 to 2033 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022 8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. South Asia 8.3.5. East Asia 8.3.6. Oceania 8.3.7. MEA 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. The USA 9.2.1.2. Canada 9.2.2. By Component 9.2.3. By Type 9.2.4. By End-User 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Component 9.3.3. By Type 9.3.4. By End-User 9.4. Key Takeaways 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Component 10.2.3. By Type 10.2.4. By End-User 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Component 10.3.3. By Type 10.3.4. By End-User 10.4. Key Takeaways 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. United Kingdom 11.2.1.3. France 11.2.1.4. Spain 11.2.1.5. Italy 11.2.1.6. Rest of Europe 11.2.2. By Component 11.2.3. By Type 11.2.4. By End-User 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Component 11.3.3. By Type 11.3.4. By End-User 11.4. Key Takeaways 12. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. India 12.2.1.2. Malaysia 12.2.1.3. Singapore 12.2.1.4. Thailand 12.2.1.5. Rest of South Asia 12.2.2. By Component 12.2.3. By Type 12.2.4. By End-User 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Component 12.3.3. By Type 12.3.4. By End-User 12.4. Key Takeaways 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.2. By Component 13.2.3. By Type 13.2.4. By End-User 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Component 13.3.3. By Type 13.3.4. By End-User 13.4. Key Takeaways 14. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Country 14.2.1.1. Australia 14.2.1.2. New Zealand 14.2.2. By Component 14.2.3. By Type 14.2.4. By End-User 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Component 14.3.3. By Type 14.3.4. By End-User 14.4. Key Takeaways 15. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 15.2.1. By Country 15.2.1.1. GCC Countries 15.2.1.2. South Africa 15.2.1.3. Israel 15.2.1.4. Rest of MEA 15.2.2. By Component 15.2.3. By Type 15.2.4. By End-User 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Component 15.3.3. By Type 15.3.4. By End-User 15.4. Key Takeaways 16. Key Countries Market Analysis 16.1. USA 16.1.1. Pricing Analysis 16.1.2. Market Share Analysis, 2022 16.1.2.1. By Component 16.1.2.2. By Type 16.1.2.3. By End-User 16.2. Canada 16.2.1. Pricing Analysis 16.2.2. Market Share Analysis, 2022 16.2.2.1. By Component 16.2.2.2. By Type 16.2.2.3. By End-User 16.3. Brazil 16.3.1. Pricing Analysis 16.3.2. Market Share Analysis, 2022 16.3.2.1. By Component 16.3.2.2. By Type 16.3.2.3. By End-User 16.4. Mexico 16.4.1. Pricing Analysis 16.4.2. Market Share Analysis, 2022 16.4.2.1. By Component 16.4.2.2. By Type 16.4.2.3. By End-User 16.5. Germany 16.5.1. Pricing Analysis 16.5.2. Market Share Analysis, 2022 16.5.2.1. By Component 16.5.2.2. By Type 16.5.2.3. By End-User 16.6. United Kingdom 16.6.1. Pricing Analysis 16.6.2. Market Share Analysis, 2022 16.6.2.1. By Component 16.6.2.2. By Type 16.6.2.3. By End-User 16.7. France 16.7.1. Pricing Analysis 16.7.2. Market Share Analysis, 2022 16.7.2.1. By Component 16.7.2.2. By Type 16.7.2.3. By End-User 16.8. Spain 16.8.1. Pricing Analysis 16.8.2. Market Share Analysis, 2022 16.8.2.1. By Component 16.8.2.2. By Type 16.8.2.3. By End-User 16.9. Italy 16.9.1. Pricing Analysis 16.9.2. Market Share Analysis, 2022 16.9.2.1. By Component 16.9.2.2. By Type 16.9.2.3. By End-User 16.10. India 16.10.1. Pricing Analysis 16.10.2. Market Share Analysis, 2022 16.10.2.1. By Component 16.10.2.2. By Type 16.10.2.3. By End-User 16.11. Malaysia 16.11.1. Pricing Analysis 16.11.2. Market Share Analysis, 2022 16.11.2.1. By Component 16.11.2.2. By Type 16.11.2.3. By End-User 16.12. Singapore 16.12.1. Pricing Analysis 16.12.2. Market Share Analysis, 2022 16.12.2.1. By Component 16.12.2.2. By Type 16.12.2.3. By End-User 16.13. Thailand 16.13.1. Pricing Analysis 16.13.2. Market Share Analysis, 2022 16.13.2.1. By Component 16.13.2.2. By Type 16.13.2.3. By End-User 16.14. China 16.14.1. Pricing Analysis 16.14.2. Market Share Analysis, 2022 16.14.2.1. By Component 16.14.2.2. By Type 16.14.2.3. By End-User 16.15. Japan 16.15.1. Pricing Analysis 16.15.2. Market Share Analysis, 2022 16.15.2.1. By Component 16.15.2.2. By Type 16.15.2.3. By End-User 16.16. South Korea 16.16.1. Pricing Analysis 16.16.2. Market Share Analysis, 2022 16.16.2.1. By Component 16.16.2.2. By Type 16.16.2.3. By End-User 16.17. Australia 16.17.1. Pricing Analysis 16.17.2. Market Share Analysis, 2022 16.17.2.1. By Component 16.17.2.2. By Type 16.17.2.3. By End-User 16.18. New Zealand 16.18.1. Pricing Analysis 16.18.2. Market Share Analysis, 2022 16.18.2.1. By Component 16.18.2.2. By Type 16.18.2.3. By End-User 16.19. GCC Countries 16.19.1. Pricing Analysis 16.19.2. Market Share Analysis, 2022 16.19.2.1. By Component 16.19.2.2. By Type 16.19.2.3. By End-User 16.20. South Africa 16.20.1. Pricing Analysis 16.20.2. Market Share Analysis, 2022 16.20.2.1. By Component 16.20.2.2. By Type 16.20.2.3. By End-User 16.21. Israel 16.21.1. Pricing Analysis 16.21.2. Market Share Analysis, 2022 16.21.2.1. By Component 16.21.2.2. By Type 16.21.2.3. By End-User 17. Market Structure Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Market Share Analysis of Top Players 17.3.1. By Regional 17.3.2. By Component 17.3.3. By Type 17.3.4. By End-User 18. Competition Analysis 18.1. Competition Deep Dive 18.1.1. Portwell 18.1.1.1. Overview 18.1.1.2. Product Portfolio 18.1.1.3. Profitability by Market Segments 18.1.1.4. Sales Footprint 18.1.1.5. Strategy Overview 18.1.1.5.1. Marketing Strategy 18.1.2. Eurotech 18.1.2.1. Overview 18.1.2.2. Product Portfolio 18.1.2.3. Profitability by Market Segments 18.1.2.4. Sales Footprint 18.1.2.5. Strategy Overview 18.1.2.5.1. Marketing Strategy 18.1.3. SECO srl 18.1.3.1. Overview 18.1.3.2. Product Portfolio 18.1.3.3. Profitability by Market Segments 18.1.3.4. Sales Footprint 18.1.3.5. Strategy Overview 18.1.3.5.1. Marketing Strategy 18.1.4. Technexion 18.1.4.1. Overview 18.1.4.2. Product Portfolio 18.1.4.3. Profitability by Market Segments 18.1.4.4. Sales Footprint 18.1.4.5. Strategy Overview 18.1.4.5.1. Marketing Strategy 18.1.5. Phytec 18.1.5.1. Overview 18.1.5.2. Product Portfolio 18.1.5.3. Profitability by Market Segments 18.1.5.4. Sales Footprint 18.1.5.5. Strategy Overview 18.1.5.5.1. Marketing Strategy 18.1.6. Axiomtek 18.1.6.1. Overview 18.1.6.2. Product Portfolio 18.1.6.3. Profitability by Market Segments 18.1.6.4. Sales Footprint 18.1.6.5. Strategy Overview 18.1.6.5.1. Marketing Strategy 18.1.7. Aaeon 18.1.7.1. Overview 18.1.7.2. Product Portfolio 18.1.7.3. Profitability by Market Segments 18.1.7.4. Sales Footprint 18.1.7.5. Strategy Overview 18.1.7.5.1. Marketing Strategy 18.1.8. Toradex 18.1.8.1. Overview 18.1.8.2. Product Portfolio 18.1.8.3. Profitability by Market Segments 18.1.8.4. Sales Footprint 18.1.8.5. Strategy Overview 18.1.8.5.1. Marketing Strategy 18.1.9. Avalue Technology 18.1.9.1. Overview 18.1.9.2. Product Portfolio 18.1.9.3. Profitability by Market Segments 18.1.9.4. Sales Footprint 18.1.9.5. Strategy Overview 18.1.9.5.1. Marketing Strategy 18.1.10. MSC Technologies 18.1.10.1. Overview 18.1.10.2. Product Portfolio 18.1.10.3. Profitability by Market Segments 18.1.10.4. Sales Footprint 18.1.10.5. Strategy Overview 18.1.10.5.1. Marketing Strategy 18.1.11. Advantech Corporation 18.1.11.1. Overview 18.1.11.2. Product Portfolio 18.1.11.3. Profitability by Market Segments 18.1.11.4. Sales Footprint 18.1.11.5. Strategy Overview 18.1.11.5.1. Marketing Strategy 19. Assumptions & Acronyms Used 20. Research Methodology
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System on Module Market
