The global system on module market is anticipated to grow at a significant CAGR of 10.2% during the forecast period. There are several drivers responsible for the growth of the systems in module market. One of the drivers of the market is the high adoption of embedded computers in industrial applications and the Internet of Things. The adoption of these technologies provides several benefits such as stability, cost reduction, and reliability, which would benefit the manufactures and propel the growth of the system on modules market. Many wireless connectivity technologies, imaging solutions, and smart sensors are being introduced with advancements in technologies.
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The COVID-19 pandemic has hindered the market demand of the system on modules. Due to the COVID-19 pandemic governments across the globe imposed heavy trade restrictions and lockdowns, with some governments imposing only partial lockdowns and operating with several restrictions. The hardware supply chains were heavily disrupted due to the ban on international trade and the manufactures that were operating in these times had to operate with a minimal workforce. Apart from hardware, the software supplies for X86 were not disrupted, and updates were rolled out regularly by the key market players. Furthermore, the system on module industry saw a major decline in the demand, and the adoption system on the module was on a decline. Recently, as economies have re-opened and restrictions were relaxed, the system on the module market is expected to show positive growth.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global System on Module Market Report by Segment
By Processor
- ARM
- X86
- PowerPC
- GPU
By Application
- Industrial Automation
- Aerospace & Defense
- Consumer Electronics
- Healthcare
- Automotive
- Others
Global System on Module Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global System on module market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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