A system on a module (SOM) is a board-level circuit that integrates the main elements of a processing subsystem on a single module. These main elements include clock management, power management, and microprocessor, volatile memory technologies like RAM and DRAM and non-volatile flash memory. It is widely used for the embedded platforms to build end products.
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System on Module (SoM) Market Research Methodology:
Growing adoption of IoT based technologies worldwide and surge in the demand of embedded systems due to their computing performance and ultra-low power consumption ability are major driving factors behind the growth of market. Rising requirement of Software Defined Radio (SDR), increasing development and production of self-driving cars in regions like North America and Europe, high adoption of embedded computers for industrial applications and growing demand of multiple embedded wireless solutions like Bluetooth are expected to improve the growth market during forecast period. System on Module offers some major benefits such as reduced cost of the base board or the main PCB, design-reuse feature and stable and reliable platform for developers to build an embedded system, which are ultimately propelling the growth of market.
System on Module (SoM) Market Overview:
The goal of this study is to provide an overview of the System on Module (SoM) industry as well as a detailed market segmentation by segments and geographies. The report contains critical information on the market positions of the top System on Module (SoM) firms, as well as important industry trends and opportunities.
The study also contains company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information for the leading industry players in the System on Module (SoM) market. This research looks into , regional, and corporate market trends, volume, and value. This study examines the whole System on Module (SoM) Market Size from a worldwide standpoint, evaluating historical data and generating estimates.
System on Module (SoM) Market Share was valued at US$ 1.71 Bn. in 2021 and it is expected to reach US$ 2.73 Bn. by 2027 at a CAGR of 8.13% during the forecast period.
System on Module (SoM) Market Market Scope:
Following the completion of market engineering, which included market statistics computations, market size estimations, market projections, market breakdown, and data triangulation, extensive primary research was conducted to gather information and verify and validate key figures. Both top-down and bottom-up approaches, as well as several data triangulation methods, were often used throughout the market engineering process to get a market evaluation and predictions for the overall market segments and sub-segments included in the System on Module (SoM) market study. To give vital information throughout the report, extensive qualitative and quantitative analysis is done on all data gathered throughout the market engineering process.
Top-down and bottom-up approaches are used to validate the market size and estimate market size by segment. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights based on usage rate and average sale price are applied to each area to generate percentage splits, market shares, and segment breakdowns. The country-wise divisions of the overall market and its sub-segments are determined by the percentage adoption or usage of the specified market Size in the relevant area or nation.
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System on Module (SoM) Market Segmentation:
By type, ARM architecture led the market in 2019 and is anticipated to keep leading the market with a CAGR of XX% over the course of the forecast period. The increase in production of ARM processor architecture-based system on modules by different manufacturing organisations worldwide is credited with the expansion. Cost-effective embedded platforms are offered by ARM SoM. Linux, Android, and WinCE are all supported by ARM-based system on modules. The market for ARM-based SoM is growing as a result of the widespread use of ARM SoM in a variety of applications, including test and measurement, IoT, industrial HMI, drone payload, eBook readers, automation, wearable technology, industrial control, deep learning, remote data acquisition, medical imaging, and others.
System on Module (SoM) Market Key Players:
• AAEON Technology, Inc
• Advantech Co., Ltd
• Avnet, Inc
• Avalue Technology
• Axiomtek Co., Ltd
• Connect Tech, Inc.
• Congatec AG
• EMAC, Inc
• Eurotech, Inc
• Kontron S&T AG
• Microchip Technology, Inc
• National Instruments Corporation
• Phytic
• SECO S.p.An
• TechNexion Ltd
• Toradex
• VIA Technologies, Inc
• Varicscite
• ADLink
• Digi International
• Fastwel
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Inorganic growth tactics cited in the industry included acquisitions, partnerships, and collaborations. Because of increased demand, industry participants in the System on Module (SoM) market are projected to benefit from excellent future growth opportunities. The following are a few firms involved in the System on Module (SoM) industry.
Regional Analysis:
After studying the political, economic, social, and technical elements impacting the System on Module (SoM) market in various regions, the report offers a detailed PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, and the Middle East, Africa, and South America.
COVID-19 Impact Analysis on System on Module (SoM) Market:
Customer behaviour has changed as a result of the COVID-19 epidemic in all areas of society. Industries, on the other hand, will need to revise their plans to account for changing market supply. This report provides an overview of the COVID-19’s influence on the System on Module (SoM) market and will assist you in developing your business in accordance with the new industry standards.
Key Questions Answered in the System on Module (SoM) Market Report are:
What will be the CAGR of the System on Module (SoM) market during the forecast period?
In the System on Module (SoM) industry, which market category emerged as the market leader?
Who are the main market participants in System on Module (SoM)?
What will the size of the System on Module (SoM) market be in 2027?
Which company dominated the System on Module (SoM) industry in terms of market share?
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