Global System on Module Market Report and Forecast 2024-2032

Global System on Module Market Outlook

The global system on module market size reached a value of approximately USD 1.67 billion in 2023. The market is expected to grow at a CAGR of 11.1% between 2024 and 2032, reaching a value of USD 4.30 billion by 2032.

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Key Trends in the Market

System on module is a physical module that incorporates various common computing components, providing the central components of embedded processing systems on a centralised printed circuit board (PCB) that is production ready. Some of the common system on modules are CPU, flash memory, an Ethernet bus, Bluetooth radios, RAM, Wi-Fi, and power management units.

• Rising demand for system on modules from healthcare and automotive industries, among others, due to the compact and highly integrated solutions offered by them is rapidly fuelling the system on module market growth.

• Adoption of system of modules is increasing rapidly around the globe as it reduces the risk of errors on systems, provides advanced memory, and has high accuracy. Growth of the market for system on module is further propelled by the increasing production of electronics.

• Emerging technologies such as Internet of Things, cloud, and artificial intelligence are key system on module market trends that are transforming various industries by offering high performance and processing power. They require high degree of connectivity which is achieved with the help of system on module, thus boosting its demand.

System on Module Market Analysis

Based on type, the market is segmented into ARM architecture, X86 architecture, and power architecture, among others. On the basis of application, the market is divided into automotive, chemical and petrochemical, energy and power, food and beverages, oil and gas, and healthcare, among others. By region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global system on module market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• VIA Technologies, Inc

• Toradex AG

• PHYTEC America LLC

• TechNexion Ltd.

• SECO S.p.A.

• Microchip Technology Inc

• Kontron AG

• EMAC, Inc.

• AAEON Technology Inc.

• Connect Tech Inc

• Axiomtek Co., Ltd

• Others

Global System on Module Market Share by Type

Power architecture type of system on module accounted for a significant share in the market as it offers high performance and processing power in comparison to other types of system on modules. They are highly scalable and reliable and hence are used in critical applications where failure can lead to severe consequences such as in aerospace and automotive industries, among others. Power architecture type of system on module are considered ideal for use in battery powered devices, among other applications as they consume comparatively less power.

Global System on Module Market Share by Region

Asia Pacific held a large share in the market for system on module and is expected to rapidly grow during the forecast period owing to the growing semiconductor manufacturing industry in the region. Technologies such as Internet of Things is penetrating the market in the region with industries and key end users increasingly adopting advanced and innovative technologies. Moreover, growing industrialisation in countries like India and China is further driving the market growth for system on modules.

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Competitive Landscape

VIA Technologies, Inc is a motherboard company that was founded in 1987 and is headquartered in New Taipei City, Taiwan. The company is known for manufacturing motherboard chipsets, memory, and control processing units, among others.  

Toradex AG was established in 2003 and has its headquarters in Lucerne, Switzerland. This computer hardware manufacturing company provides easy-to-use embedded computing products that are of premium quality and have long term durability. 

PHYTEC America LLC was founded in 1986 and is based in Washington in the United States. It focusses on providing embedded systems, ARM processor technology, and printed circuit board design, among other products.   

Other market players include TechNexion Ltd., SECO S.p.A., Microchip Technology Inc, Kontron AG, EMAC, Inc., AAEON Technology Inc., Connect Tech Inc, and Axiomtek Co., Ltd, among others.

Key Highlights of the Report