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Computer on Module Market Outlook – 2027
The global computer on module market achieved a valuation of $1,118.6 million in 2019, and it is anticipated to reach $1,567.1 million by 2027, exhibiting a Compound Annual Growth Rate (CAGR) of 5.21% from 2020 to 2027. A computer on module, also known as System on Module (SOM), is a development board comprising components such as processors, memory, heat sink, chipset, operating system, and peripherals. It is frequently paired with a carrier board, utilized to extend the functionality of the modules or their components across various industry verticals, including industrial automation, aerospace & defense, consumer electronics, healthcare, and automotive.
COVID-19 Impact on the Computer on Module Market
The COVID-19 pandemic has negatively impacted the Consumer Electronics segment within the global Computer on Module Market. The crisis led to stock market uncertainties, supply chain slowdowns, decreased business confidence, and heightened panic among consumers. Industries, including semiconductor & electronics, experienced disruptions in production processes due to lockdowns and temporary closures. Electronics manufacturing hubs were shut down temporarily, causing shortages in components and finished goods. Despite these challenges, the market is expected to resume its supply chain operations by the end of 2020.
Market Segmentation
The global computer on module market is segmented based on processor, form factor, industry vertical, and region.
Processor Segment:
ARM is projected to dominate the market with the highest CAGR of 6.11% during 2020 - 2027.
Form Factor Segment:
COM Express is anticipated to maintain leadership throughout the forecast period.
Industry Vertical Segment:
Industrial Automation is expected to dominate the market consistently during the forecast period.
Geographical Analysis:
The Asia-Pacific region is forecasted to exhibit the highest CAGR of 6.11% during 2020 - 2027.
Competitive Landscape
Key market leaders in the computer on module industry include Aaeon Technology Inc., Adlink Technology Inc., Advantech Co. Ltd., Compulab Ltd., Congatec AG, Eurotech Group, Intel Corporation, Kontron Europe GmbH, Smart Wireless Computing, and Texas Instruments Inc. These players have adopted various strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to enhance their market penetration and strengthen their foothold.
Key Factors Affecting Market Growth
Advantages of robust quality, platform scalability, supreme performance, and ease of use contribute significantly to the global computer on module market growth. The aerospace & defense industry and rugged embedded computers drive demand for computer on module due to design constraints and the need to integrate all necessary components into a module form. However, the complex integration process of multiple components into a single module poses a challenge to market growth.
Rise in Need for Industrial Automation
The computer on module finds extensive applications in industrial automation, playing a crucial role in process control and discrete manufacturing within production facilities. Industrial automation utilizes control systems, including robots and Internet of Things (IoT), based on computer on modules to offer high accuracy, precision, and enhanced performance in manufacturing processes.
Complex Integration Process of Advanced Electronics Devices
The focus on incorporating multiple functionalities into a module form leads to complex designing in the computer on module market. Designing complex devices requires a robust methodology, skillset, and different toolsets for integration, adding extra costs. The integration of multiple components into a single device is a complex task due to operating modes, different functionalities, and operating voltages, acting as a restraint on market growth.
Key Benefits for Stakeholders
This report provides an analytical depiction of the computer on module market forecast, highlighting current trends and future estimations to determine potential investment opportunities. Key drivers, restraints, and opportunities in the computer on module market are presented, and trends are quantitatively analyzed from 2019 to 2027. Porter’s five forces analysis illustrates the potency of buyers and suppliers in the industry.
In conclusion, the computer on module market presents substantial growth opportunities driven by technological advancements, rising demand in key industry verticals, and strategic initiatives by key market players.
Research on the market is done by industry professionals who provide personalized insights on the industry structure, market segmentation, Type assessment, competitive landscape (CL), along with penetration, and emerging trends. In addition to years of professional experience in their various fields and sectors, their analysis is largely based on primary interview (60%) and secondary research (40%) as well as years of professional experience. In addition, our researchers forecast the market's direction over the following seven years by examining past trends and the market's current position. Additionally, various trends of segments and categories that are geographically portrayed are studied and estimated using primary and secondary research.
The key level executives (VP, CEO, Marketing Directors, and Business Development Managers) of the major industry participants who are active and prominent as well as mid-scale businesses operating in this market were interviewed in-depth for this supply-side report by overall Global Market Research.
Extensive primary research was conducted to gain a deeper grasp of the market and industry. Both primary and secondary research, as well as years of pertinent professional experience, are used to support the analysis. By analyzing past and present market patterns, our experts were able to forecast the market's course over the following seven years. For the geographically offered categories in the list of market tables, it differs per category. In connection with the Global Market research report, we also conducted a number of primary interviews with senior level executives (VP, CEO's, Directors, Marketing Directors, Business Development Managers, CFOs, Technical Consultants, Key Opinion Leaders, Industry Experts, Decision Matrix Authorities, and other crucial individuals) of the key industry players who dominated the Global market.
The primary purpose of secondary research was to gather, identify, and validate the information necessary for the thorough, technical, market-focused, and commercial analysis of the global market. With the use of this study, it was also possible to classify and segment the market in accordance with market trends, geographic markets, and regional considerations linked to market type. Analysts have gathered data in the Distribution Channel for the study of the market from reliable sources including annual reports, journals, white papers, corporate presentations, company websites, international organizations of Energy and Power manufacturers, credible paid databases, and many others to gather reliable intel.
Both top-down and bottom-up methodologies were employed to assess the accuracy of the global market size. The market for as a whole was estimated using these methods for a number of different dependent submarkets. Secondary research was used to address the major industry players, and primary and secondary research was used to calculate their market shares in the various regions. This complete intellectual process includes reading the annual and financial reports of the top market participants and conducting in-depth interviews with top industry executives (VP, CEO, Marketing Directors, and Business Development Managers) to gain important industry insights.
Through reliable secondary sources and validated primary sources, the classification of the global markets and their geographic percentage splits were established. To obtain the final qualitative and quantitative data, all relevant variables that might have an impact on the market under investigation have been taken into consideration, inspected in great depth, verified through primary research, and assessed. This information was collected, added to, and thoroughly examined by professional analysts before being provided in this report. The process used to estimate the overall market size for this study is depicted in the following image as an example.
Report Code :
RL65575
Published on :
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