According to the Graphical Research new growth forecast report titled “Europe System on Module (SoM) Market Size, By Product (ARM, x86 Architecture, Power Architecture), By Standard (Qseven, SMARC, COMExpress), By Application (Industrial Automation, Medical, Entertainment, Transportation, Test & Measurement)”, Estimated To Be Around USD 1 Billion By 2026
The Europe system on module market is gaining traction owing to the rising demand for embedded computing in the region. Embedded computing devices integrate SoM to control, monitor, and perform a specific function by executing commands. Microprocessors and microcontrollers integrated on these modules are the basic components used to operate embedded computing systems. These are used in various applications including office automation, home applications, banking & financial institutes, security, defense, healthcare, and automobile, among others. They offer additional features such as low power consumption, enhanced accuracy, increased reliability & adaptability, and high speed, accelerating market growth. Furthermore, the rising adoption of artificial intelligence and growing digitalization in the region will propel the demand for embedded computing devices, thus accelerating the Europe system on module market growth.
The Smart Mobility Architecture (SMARC) standard accounted for a market share of 15% in 2019 and is expected to grow at a CAGR of 12%. The growth is credited to low-power & compact-sized consumer electronic devices such as smartphones, tablets, and laptops, among others. The SMARC standard is capable of supporting four independent displays, increasing its adoption in several display devices. The emergence of Ultra HD and 4K display technologies has further increased the adoption of SMARC-based computer on modules. The development of SMARC 2.0 architecture, which supports multiple wireless technologies including Bluetooth, Wi-Fi, and ZigBee will further propel the Europe system on module market growth. In July 2019, Kontron launched a new SMARC-Sxal4 module with 8 Gbps LPDDR4 memory down. The new product is a highly scalable SMARC 2.0 module based on the latest IoT-enabled embedded processor of Intel.
The industrial automation segment accounted for over 40% market share in 2019 and will grow at a CAGR of 11% from 2020 to 2026. The increasing adoption of industrial robots in the manufacturing sector will create positive growth prospects for SoMs in industrial automation. According to the World Robotics 2019 report, Europe deployed 75,560 new industrial robots in 2018 with a year-on-year growth rate of 14%. These robots are extensively integrated with high-end SoM devices for various applications such as industrial communication, processing, and machine operations. The rising adoption of AI and IoT technologies in the industrial sector will further boost regional market growth.
The UK accounted for market share of over 15% in 2019 and will grow at a CAGR of 8% from 2020 to 2026. Rising demand for system on modules for Software Defined Radio (SDR) applications is propelling the UK market growth. It is used for radio communication where electronic components, such as filters, mixers, amplifiers, and others, are implemented on modules with the help of software on PC or embedded systems. The increase in demand and use of the latest technologies, such as Wi-Fi, 5G & Bluetooth, will accelerate the adoption of SDR, which provides wireless connectivity and fuels the use of system on modules. Module embedded SDRs are used in various industries including aerospace & defense, telecommunication, public safety, and commercial, among others. Players in the UK are continuously focusing on product development, thus catering to the demand. For instance, in April 2019, BAE Systems launched SDR for space applications. The new general SDR assembly is used for high-reliability commercial and Department of Defense space applications.
Key players in the Europe system on module market are extensively focusing on strategic acquisitions and new product innovations to provide technically advanced products and to stay competitive in the market. For instance, in December 2019, EuroTech Group, a PCB manufacturer in the UK, acquired Lyncolec. This acquisition will enhance the company’s manufacturing capabilities and will provide more diverse product modules to customers. Similarly, in July 2019, Kontron, a subsidiary of S&T AG, acquired the industrial mainboard business of Fujitsu Technology Solutions. The acquisition will help the company in expanding the product offerings with its IoT software technology. Some of the key players in the Europe system on module market are Eurotech, EMAC, Kontron S&T, Elma Electronics, and Toradex Systems, among others.
The Europe system on module market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2015 to 2026 for the following segments:
Europe System on Module Market, By Product
- ARM architecture
- X86 architecture
- Power architecture
Europe System on Module Market, By Standard
Europe System on Module Market, By Application
- Industrial automation
- Test & measurement
The above information has been provided for the following countries: