System on Module (SoM) Market is anticipated to project robust growth with a CAGR of 8.25 % through 2029

Growing Adoption of AI and Machine Learning Technologies, and Rising Adoption in IoT and Edge Computing Applications is expected to drive the market throughout the forecast period.

According to TechSci Research report, “System on Module (SoM) Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”. The Global System on Module (SoM) Market was valued at USD 1.20 Billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of  8.25 % through 2029. As businesses seek to reduce time-to-market and development costs for embedded systems, SoMs offer pre-integrated and pre-validated computing solutions that accelerate product development cycles. Their modular design simplifies hardware integration, enabling companies to focus on software development and differentiation rather than complex hardware design.

SoMs provide scalability, allowing manufacturers to easily upgrade or customize their systems without redesigning the entire product, which is crucial in fast-evolving technology landscapes. The increasing adoption of SoMs in diverse applications such as industrial automation, medical devices, consumer electronics, and automotive electronics further boosts market growth. Moreover, advancements in SoM technologies, including enhanced processing capabilities, improved energy efficiency, and support for advanced connectivity standards, continue to expand their appeal across various industries seeking compact, efficient, and versatile embedded computing solutions.

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Based on type, ARM Architecture segment held the largest market share in 2023. The System on Module (SoM) market in the ARM architecture segment is experiencing robust growth driven by several compelling market drivers. SoMs have emerged as pivotal components in embedded systems and IoT devices due to their compact size, integrated functionalities, and scalability, which significantly reduce development time and complexity for manufacturers.

The rapid expansion of the Internet of Things (IoT) ecosystem is a major driver for the SoM market in ARM architecture. IoT devices require efficient processing capabilities, low power consumption, and seamless connectivity, all of which are effectively addressed by ARM-based SoMs. These modules integrate ARM processors with diverse peripherals and interfaces, offering a ready-to-use platform for IoT developers to accelerate product development and deployment. The versatility of ARM architecture allows SoMs to cater to a wide range of IoT applications, from smart home devices to industrial sensors and wearable technologies.

The increasing demand for compact and power-efficient computing solutions in various industries fuels the adoption of ARM-based SoMs. Industries such as automotive, healthcare, and industrial automation seek smaller form factors without compromising on performance. ARM architecture, known for its energy efficiency and processing power, meets these requirements effectively. SoMs based on ARM processors enable manufacturers to design innovative products with enhanced functionalities while maintaining low power consumption, making them ideal for battery-operated devices and applications requiring prolonged operational lifespans.

The flexibility and scalability offered by ARM-based SoMs are pivotal in addressing the evolving needs of embedded systems. These modules support a wide range of ARM processor variants, from low-power Cortex-A and Cortex-M series to high-performance Cortex-R series, allowing developers to choose the appropriate level of processing power based on application requirements. This scalability not only future-proofs designs but also facilitates seamless upgrades and customizations as technology advances or market demands change.

The growing trend towards edge computing amplifies the demand for ARM-based SoMs. Edge computing involves processing data closer to the source, reducing latency and enhancing real-time decision-making capabilities. ARM architecture's ability to deliver efficient and powerful computing at the edge makes SoMs based on these processors indispensable in edge devices such as gateways, edge servers, and industrial controllers. These devices leverage ARM-based SoMs to handle data processing, analytics, and connectivity tasks locally, optimizing overall system performance and reliability.

The flourishing ecosystem surrounding ARM architecture contributes significantly to the SoM market's growth. ARM's open-source approach and extensive developer community foster innovation and collaboration, resulting in a diverse array of software and hardware solutions compatible with ARM-based SoMs. This ecosystem support simplifies development efforts, accelerates time-to-market for new products, and enhances interoperability across different IoT and embedded applications.

The System on Module (SoM) market in the ARM architecture segment is propelled by the convergence of IoT proliferation, demand for compact and efficient computing solutions, scalability requirements in embedded systems, the rise of edge computing, and ARM's robust ecosystem. These market drivers collectively drive adoption across various industries, enabling manufacturers to innovate and deploy cutting-edge IoT and embedded solutions with enhanced performance, flexibility, and scalability. As technology continues to advance, ARM-based SoMs are poised to play a pivotal role in shaping the future of embedded computing and IoT landscapes globally.

Key market players in the Global  System on Module (SoM) Market are following:-

• Advantech Co., Ltd.
• Connect Tech Inc.
• AAEON Technology Inc.
• Avnet, Inc.
• EMAC Inc.
• Avalue Technology Inc.
• Axiomtek Co., Ltd.
• Eurotech S.p.A.
• Emerson Electric Co. 
• SECO S.p.A.

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“Energy efficiency is a significant trend in the System on Module (SoM) market, driven by the need to extend battery life in IoT devices and reduce power consumption in embedded systems. Low-power SoMs are increasingly popular, especially for applications such as wearables, remote sensors, and battery-operated devices. To meet this demand, SoM manufacturers are developing modules based on energy-efficient processors like ARM Cortex-M and RISC-V architectures, which balance performance with power efficiency. These modules incorporate advanced power management features, such as dynamic voltage and frequency scaling (DVFS), to optimize power consumption based on workload”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based  global management consulting firm.

"System on Module (SoM) Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Type (ARM Architecture, X86 Architecture, Power Architecture), By Standard (COM Express, SMARC, Qseven, ETX/XTX, COM-HPC, and Others), By Application (Industrial Automation, Medical, Entertainment, Transportation, Test & Measurement, and Others), By Region, Competition 2019-2029F", has evaluated the future growth potential of Global System on Module (SoM) Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Global System on Module (SoM) Market.

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