PUNE, India,, October 13, 2021 / PRNewswire / – According to a study by The Insight Partners for “Module System Market (SoM) Forecast to 2028 – Impact of COVID-19 and global analysis – by processor type, application and standard “, the market is expected to reach $ 2,911.2 million until 2028 from $ 1,556.4 million in 2021; is expected to increase at CAGR from 8.4% from 2021 to 2028.
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Report coverage |
Details |
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Market size Value in |
$ 1,651.6 million in 2021 |
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Market size Value by |
$ 2,911.2 million by 2028 |
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Growth rate |
CAGR of 8.4% from 2021-2028 |
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Forecast period |
2021-2028 |
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Base year |
2020 |
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Number of pages |
172 |
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No. Tables |
88 |
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Number of diagrams and figures |
88 |
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Historical data available |
Yes |
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Covered segments |
Processor type, application and standard |
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Regional scope |
North America; Europe; The Asia-Pacific region; Latin America; MEA |
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Scope of the country |
United States, United Kingdom, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina |
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Report coverage |
Revenue forecast, company ranking, competitive environment, growth factors and trends |
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Continuous advances in communication systems and sensors are accelerating the search for a system for modules that play an important role in ensuring high performance. Industry 4.0 has strengthened the adoption of service robots, as robotics helps to achieve high production productivity. The growing use of embedded systems in robots to reduce their dependence on external computing systems is also boosting the growth of the module system (SoM). In addition, the demand for robots that are affordable and easy to use is increasing in industrial, residential and healthcare applications, which fuels the need for controller microchips. The demand for ARM processors in SoM is increasing as they come with reduced instruction sets and support single-cycle computing. Leading manufacturers of ARM-based module systems – such as Congatec AG, Digi International, Kontron and ARM Holdings Corporation – are engaged in the design and development of ARM architecture. The lower complexity of the system on modules based on ARM architecture, compared to those based on x86 processors, accelerates the adoption of ARM-based processors.
The growing use of control systems and robotics and Internet of Things technologies (IoT) for process control in industries is one of the main factors driving the adoption of a system of modules. The solutions included in the system on modules are characterized by high accuracy and precision and improved productivity of the production process. The use of an integrated module system is increasing as it helps to improve production, product assembly, supply chain management and logistics operations, among others.
Download the latest COVID-19 Growth Analysis Module (SoM) Growth Market Research Report at https://www.theinsightpartners.com/covid-analysis-sample/TIPRE00019379/
The Asia-Pacific region the module market system is expected to grow at a significant CAGR over the forecast period. The projected growth is due to increased government initiatives in support of continued industrialization and the growing demand for efficient electronic components such as processors, circuit boards and systems in modules in the consumer electronics sector. State support to stimulate the regional electronics and semiconductor sector is expected to provide significant growth opportunities in the module system (SoM) market. With the National Guidelines for Industry Development for Integrated Circuits from 2014, the State Council of China aims to become a world leader in all segments of the semiconductor industry by 2030. In addition, through its Made in China By 2025, the country aims to achieve the standards for advanced semiconductor production as a vital component of its future economy. The Chinese government is spending aggressively on investment, acquisitions and talent recruitment to promote the proliferation of the semiconductor industry, which is expected to stimulate system growth in the module market.
Development of the market disk system for embedded calculations in the market distribution of modules
Advances in industrial technology have led to the introduction of wireless technologies, intelligent sensors and image solutions, which have allowed manufacturers to offer a “single chip with multiple cores” system to improve applications and increase reliability. For example, in February 2020, Toradex, a leader in embedded computing, has launched its latest family of module systems – Verdin – providing a modern, future-proof set of interfaces focused on ease of use and robustness. In addition, the growing demand for a system of modules in robust embedded computers used in the space and defense industries is further stimulating market growth. There is a high perception of the Internet of Things and embedded computers in industrial applications. The need for software-defined radio (SDR) in the automotive and transport sectors and the benefits associated with the system on modules, such as reduced costs and greater stability and reliability, stimulate the growth of the module system (SoM).
Module System Market (SoM): Processor type overview
Depending on the processor type, the module system (SoM) market is segmented into ARM, X86, Power, FPGA, GPU and DSP. They are widely used by original equipment manufacturers (OEMs) such as Aaeon; Advantech Co., Ltd .; Avnet, Inc .; Value Technology Inc .; and Connect Tech Inc.
Module System Market (SoM): Competitive environment and key developments
Aaeon; Advantech Co. Ltd; Avnet Inc .; Value Technology Inc .; Connect Tech Inc .; Congatec Gmbh; Emac, Inc .; Somlabs; and Microchip Technology, Inc. are among the key players that were profiled during this market research. In addition to these players, several other significant market players have been researched and analyzed to gain a holistic view of the global module system (SoM) and its ecosystem.
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IN November 2020, SoMLabs signed a contract with Reinfold Company to establish a distribution network in India. All SoMLabs products will be available in Reinfold’s offerings.
IN August 2020, HEICO Corporation’s electronic technology group acquired 89.99% of Connect Tech Inc.
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Insight’s partners are a one-stop provider in the intelligence industry. We help our clients obtain solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as semiconductor and electronics, aerospace and defense, automotive and transportation, biotechnology, IT in healthcare, manufacturing and construction, medical devices, technology, media and telecommunications, chemicals and materials.
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