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System on Module Market 2021-2027 By Regional Industry Growth & Forecast

System on Module market growth will predominantly be driven by the growing penetration of consumer technology products and services globally.<br><br>Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/3224

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System on Module Market 2021-2027 By Regional Industry Growth & Forecast

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  1. System on Module Market is projected to reach CAGR 12% by 2027

  2. Key Insights from System on Module Market: • System on Module market growth will predominantly be driven by the growing penetration of consumer technology products and services globally. Growing demand for high-speed data processing in embedded systems, integrated into vehicles, railways, aircraft, marine surveillance, and others, would boost the adoption of SoM solutions. • Growing emphasis on introduction of innovative SoM based electricals will open new growth avenues for the industry. Citing an instance, in March 2021, MicroSys announced the introduction of SoM based on NXP QorIQ PowerPC processor architecture. The system is tailor-made to provide optimized operational performance for mobile systems and commercial vehicles. Owing to this, power architecture processors held around a 5% share of the system on module market revenue in 2020 and are estimated to expand at 6% CAGR through 2027.

  3. Regional Insights in System on Module Market: • Global system on module market share from North America is estimated to grow at 10% CAGR through 2027. This is attributed to the growing integration of SoM solutions in smart home devices in the region. • These smart home solutions include security systems, PC displays, and kitchen appliances, among others. Moreover, the growing penetration of IoT devices would further augment the system on module (SoM) business landscape in North America.

  4. Latest Research Report On System on Module Market @ https://www.gminsights.com/industry-analysis/system-on-module-market Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/3224

  5. Major Companies in System on Module Market: • AAEON Technology Inc. • Advantech Co., Ltd. • Avnet, Inc. • Congatec AG • Eurotech, Inc. • Kontron S&T AG • Microchip Technology, Inc.

  6. Industry Coverage

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