System on Module (SoM) Market is expected to reach US$ 3,682.64 Million by 2028: The Insight Partners

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Key Recent Developments: System on Module (SoM) Market

1. In 2022, SiFive partnered with an AI processor maker, BrainChip. The combination of the respective technologies of these companies is expected to provide chip designers with optimized machine learning (ML) and artificial intelligence (AI) for edge computing.
2. In 2020, SoMLabs and e2-s (Embdes Engineer Solutions) had signed a memorandum of understanding (MoU) and planned to collaborate on the development of custom product designs or carrier boards based on the SOMs.

The flourishing trends of deploying industrial robots in the manufacturing sector are significantly driving the adoption of SoMs in industrial automation. SoMs improve the industrial control processes and operations of factory equipment and industrial robots. South Korea is anticipated to contribute significantly to the Asia Pacific system of module market growth due to highest adoption of robot in industrial sector. Further, the continuous advancements in communication systems and sensors are also accelerating the demand for SoMs to deliver high productivity. Industry 4.0 has bolstered the adoption of service robots as robotics helps achieve high manufacturing productivity. The growing use of embedded systems in robots to reduce their reliance on external computing systems is also bolstering the system on module market growth.

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Component Based Insights: System on Module (SoM) Market

Based on component, the system on module market size is segmented into hardware and software. A System on Module (SoM) or Computer on Module (CoM) is a ready-to-use, small form-factor, and computing solution encompassed with application agnostic hardware and software for creating any embedded product. The SOM gives core components of an embedded processing system which includes communication interfaces, memory blocks, and processor cores on a single production-ready printed circuit board. This approach makes SOM suitable for embedding into end systems, beginning from security cameras to high-end applications like robots & smart cities.

Impact of COVID-19 Pandemic on System on Module Market

The electronic & semiconductor market in the MEA has remained broadly resilient in the financial pressures resulting from the COVID-19 pandemic. However, the pandemic severely impacted the supply chain and small and medium-sized enterprises. The risk of hostile foreign involvement in the regional supply chain in the MEA has increased due to financial vulnerability. The manufacturing sector is hindered owing to the cancellation of orders, product delays, and higher price pressures. Logistic and economic hurdles have disrupted sales, and product development, hampering the SoM manufacturers by rising costs and production irregularities. Shortages in semiconductor microchips, embedded system solutions, and system on modules have delayed automobile deliveries, led to a supply shortfall in home appliances, and increased the cost of smart devices, which has hampered the market growth.

Company Profiles:
1. Microchip Technology, Inc.
2. Advantech Co. Ltd.
3. SoMLabs
4. Axiomtek Co., Ltd.
5. Connect Tech Inc.
6. National Instruments Corporation
7. MAC, Inc.
8. congatec GmbH
9. AAEON
10. Emcraft Systems

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The Insight Partners Research Report Guidance:
The report provides qualitative and quantitative analysis of global System on Module (SoM) market segmented by product, technology and geographic regions.
1. Chapter 1 provides a brief description of the market under study.
2. Chapter 2 mentions the key takeaways, highlighting the key trends and outlook of the global System on Module (SoM) market
3. Chapter 3 provides the research methodology of the study.
4. Chapter 4 provides market landscape, PEST (Political, Economic, Social and Hardware) analysis, ecosystem analysis, and expert opinions.
5. Chapter 5 highlights the key market dynamics in the System on Module (SoM) market, including factors that are driving the market, prevailing deterrents, potential opportunities, and future trends. Impact analysis of drivers and restraints are covered under this section.
6. Chapter 6 discusses the global System on Module (SoM) market scenario, in terms of historical market values, and forecast till 2028.
7. Chapters 7 to 11 discuss the market segments by product, technology, and geographic analysis across North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM), along with the major factors governing the growth of the market in these regions.
8. Chapter 12 describes the impact of COVID 19 outbreak on global System on Module (SoM) market across various geographies.
9. Chapter 13 describes the industry landscape analysis. It provides detailed description of various business activities, such as market initiatives, new developments, mergers and joint ventures, across the world.
10. Chapter 14 provides the detailed profiles of key companies operating in the global System on Module (SoM) market. The companies have been profiled based on their key facts, business description, products & services, financial overview, SWOT analysis, and key developments.
11. Chapter 15, i.e., the appendix is inclusive of the company overview, word index, contact information, and disclaimer section.

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Expert Opinions on System on Module (SoM) Market:
During the course of the research study, various leading industry experts, global sales managers, key opinion leaders, and industry veterans shared their valuable and critical insights about global and regional trends related to the System on Module (SoM) market. As a result, the figure below summarizes a few expert opinions collected during the primary research for the global System on Module (SoM) market.

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