System on Module (SOM) Market Analysis and Latest Trends
A System on Module (SOM) is a small form-factor board with all the necessary components such as processor, memory, storage, and power management integrated into a single module. These modules are designed to simplify the development of embedded systems by providing a ready-to-use platform that can be easily integrated into the final product.
The System on Module (SOM) Market is expected to grow at a CAGR of 13.3% during the forecast period. The growth of the SOM market can be attributed to the increasing adoption of IoT devices, rising demand for portable and wearable devices, and the need for faster time-to-market for new products. Additionally, the trend towards miniaturization and increased functionality in electronic devices is driving the demand for SOMs.
One of the latest trends in the SOM market is the increasing focus on AI and machine learning applications. With the growing use of artificial intelligence in various industries, there is a rising demand for SOMs that can support AI algorithms and neural networks. Companies are also increasingly looking for SOMs that offer advanced connectivity options such as 5G, Wi-Fi 6, and Bluetooth 5.0 to support the connectivity requirements of modern devices.
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System on Module (SOM) Major Market Players
The System on Module (SOM) market is highly competitive with several key players dominating the global market. Some of the major players in the SOM market include Advantech, Kontron, Artesyn Embedded, MSC Technologies (Avnet), Congatec, ADLink, DFI, Portwell, Axiomtek, Eurotech, Phytec, Avalue Technology, Digi International, IEI, AAEON, Fastwel, Radisys (Reliance Industries), Toradex, ASRock, SECO srl, Technexion.
Among these players, Advantech is a leading provider of SOM solutions. The company has a strong presence in the market and offers a wide range of SOM products to cater to the diverse needs of customers. Advantech has experienced significant growth in recent years and has expanded its market share globally.
Another key player in the SOM market is Kontron, which specializes in providing high-performance SOM solutions for various applications such as industrial automation, healthcare, and transportation. Kontron has a strong customer base and has been investing in research and development to enhance its product offerings.
In terms of market size, the SOM market is expected to witness steady growth in the coming years due to the increasing demand for compact and energy-efficient computing solutions. The market size is expected to reach USD 3.93 billion by 2025, with a CAGR of 11.4% during the forecast period.
In 2020, Advantech reported sales revenue of USD 1.4 billion, while Kontron reported sales revenue of USD 800 million. These figures indicate the strong market position of these companies and their growth potential in the future. With the increasing adoption of IoT, AI, and edge computing technologies, the SOM market is expected to expand further, providing opportunities for key players to capitalize on the growing demand for compact and efficient computing solutions.
What Are The Key Opportunities For System on Module (SOM) Manufacturers?
The System on Module (SOM) market is witnessing a significant growth trajectory due to the increasing adoption of IoT devices and the demand for compact and highly integrated solutions. The market is projected to expand at a CAGR of over 10% during the forecast period. Key drivers include the growing preference for modular and scalable computing solutions, as well as the advancements in semiconductor technology. The future outlook for the SOM market is promising with opportunities in various industries such as healthcare, automotive, and industrial automation driving further growth and innovation in the sector.
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Market Segmentation
The System on Module (SOM) Market Analysis by types is segmented into: