Global System on Module Market Overview
System on Module Market Size was valued at USD 2.9 Billion in 2023. The System on Module industry is projected to grow from USD 3.2 Billion in 2024 to USD 6.0 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.4% during the forecast period (2024 - 2032). The rising consumer adoption and surge in consumer demand for portable and wearable devices will boost the market growth.
System on Module Market SIZE (USD MILLION) (2018-2032)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
System on Module Market Trends
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Surge in Demand for Portable and Wireless Devices
The increasing miniaturization of the system on module has resulted in optimum space and functionality, which is key requirements in portable and wireless devices. System on modules work on low power and offer balanced performance and, therefore, can be used in multiple handheld and portable devices. This allows developers to choose the platform best suited to their application needs. Developers can write application software on the same hardware that will be used in their final product. Thus, the surge in the demand for portable and wireless devices is expected to drive the growth of the System on Module Market during the forecast period.
Wearable devices are miniature portable devices used on the human body, mainly integrated and designed to replace already existing accessories like a watch and other medical equipment. The market for wearable and portable devices is booming significantly owing to the use of IoT, artificial intelligence and machine learning technologies. Thus, the need for smaller, more intuitive devices is rapidly increasing. In addition to the end user market, the demand for devices to track physical conditions and functionalities in medical industry is expected to rise the penetration of system on module in upcoming years. For instance, in December 2022, Kopin Corporation, a developer and supplier of micro-displays and sophisticated optics for wearable headsets, developed a collaborative technology solution along with OPTAC-X, a telehealth company, and RealWear, hands-free and sturdy wearable headsets. OPTAC-X offers telehealth developed to enable first responders and medical personnel to save lives in battle and other dangerous situations with the help of optic technologies and aided reality wearable.
System on Module Market Segment Insights
System on Module Type Insights
The System on Module market segmentation, based on Type, includes ARM architecture, X86 architecture, power architecture. The power architecture held the leading segment growth over the forecasted period among the rest of types of system on modules. Power architecture is an instruction set architecture (ISA) implemented by a variety of processors from various vendors, including Power7, IBM's latest server processor. It is designed to exploit parallelism at the instruction, data, and thread-level.
System on Module Market SIZE (USD MILLION) TYPE 2022 VS 2032
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
System on Module Standard Insights
According to Standard, the segment is divided into COM Express, SMARC, Qseven, ETX/ XTX, COM-HPC and others. Qseven segment led the overall market in the System on Module industry in 2022, and COM-HPC segment is expected to grow significantly in terms of CAGR during the forecast period. COM-HPC (Computer on Module – High Performance Computing) is an open standard for a family of high-performance computer modules targeting the embedded computer space. When it comes to aspects like long-term availability, prolonged temperature operation, mechanical toughness, hardware, and firmware that can be tailored to the application, and Module vendor assistance for product developers, the embedded market differs from the commercial market.
System on module MARKET SIZE (USD MILLION) standard 2022 VS 2032
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
System on Module Application Insights
The System on Module market research segmentation, by application, the market is segmented into industrial automation, medical, entertainment, transportation, test and measurement, and others. System on module improves processing & machine operations and communication among factory equipment and industrial robots, accelerating market growth. The escalation of industrial robots in the manufacturing sector is contributing to the adoption of SoM in industrial automation. South Korea holds the highest robot density that stands at over 600 robots per 10,0000 robots in the industrial sector.
System on module MARKET SIZE (USD MILLION) application 2022 VS 2032
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
System on Modules Regional Insights
By Region, the study segments the market into North America, Europe, Asia-Pacific, Middle East & Africa, and South and Central America. North America accounted for the largest share of revenue in 2022. The increasing uptake of wearable healthcare devices across developed economies is fueling the market. In addition, the rising penetration of IoT technology in North America will further accelerate the market growth. The presence of various companies such as Atmel Corporation, Intel Corporation, and Texas Instruments are contributing to the growth of the market by providing various systems to different industries to perform the task associated with their applications. Also, the rising urbanization and demand for smart appliances and the presence of large-scale industries in the region are some of the major factors driving the market in the region
The Asia-Pacific region is expected to have the largest market CAGR in the system on module market. The flourishing IT & services infrastructure in countries, including China and India, is supporting the adoption of highly efficient embedded computing solutions and IoT technologies, which provides an impetus for industry growth. The increased demand for automated solutions in manufacturing industries for advancement will create market prospects in the Asia Pacific region. the adoption of IoT and advanced technologies by several organizations, led to surge the need for system on modules in Asia Pacific.
Further, the countries considered in the scope of the System on Module market are the US, Canada, Mexico, UK, Germany, France, Italy, China, Japan, Singapore, South Korea, South Africa, Saudi Arabia, United Arab Emirates, Brazil, Argentina, and others.
System on Module Market SIZE (USD MILLION) REGION 2022 VS 2032
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
System on Module Key Market Players & Competitive Insights
Major market players are spending a lot of money on R&D to increase their product lines, which will help the System on Module market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the System on Module industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
Key Companies in the System on Module market include
- AAEON Technology
- Advantech Co Ltd
- Avnet Inc
- Avalue Technology
- Axiomtek Co Ltd
- ConnectTech Inc
- Cognatec AG
- EMAC Inc
- Eurotech Inc
- Kontron ST&G
- Microchip Technology
- National Instruments
- Phytec
- SECO spA
- TechNexion Ltd
- Toradex
- VIV Technologies Inc.
System on Module Industry Developments
TechNexion’s collaboration with Emteria in September 2021 is meant to grow embedded products for the long term on the Android-based operating system.
In 2022, SiFive declared its alliance with BrainChip, an AI processor manufacturing company. The partnership’s motto is to offer designer chips optimized with Artificial Intelligence and machine learning for edge computing.
Deutsche Beteiligungsgesellschaft acquired Cognate AG in August 2022 for approximately US$136 million. Deutsche Beteiligungsgesellschaft made this acquisition in order to strengthen its position within the market.
The joint cooperation of Covade and SoMLabs in 2020 aims to provide engineering services for projects throughout Europe. Covade has broad experience and expertise in designing embedded electronic systems.
The joint cooperation between Covade and SoMLabs in 2020 aims to provide engineering services across projects all over Europe. Covade has vast experience and expertise in developing embedded electronic system designs.
Bulgarian open hardware specialist Olimex introduced a new system-on-module (SOM) and an evaluation carrier board that targeted industrial applications — using NXP's iMX 8M Plus system-on-chip with its 2.3 TOPS neural coprocessor for on-device machine learning workloads and artificial intelligence workloads launched on June 2024.
Telit Cinterion, an IoT solutions provider, announced that they had released SE868K5-RTK, which is a Global Navigation Satellite System (GNSS) receiver module with an accuracy of up to centimeter-level positioning. The first GNSS module in Telit Cinterion’s portfolio, which enables such high-precision location data, is made possible by means of advanced Real Time Kinematics (RTK) technology. Dual frequency signals, as well as support for multiple satellite constellations, are used by the module, thus overcoming multipath interference and identifying locations with unmatched accuracy.
MYiR, Variscite, and Compulab have launched a new NXP i.MX 93 system-on-modules in May 2024. We covered announcements about earlier NXP i.MX 93-based modules like ADLINK OSM-IMX93 and Ka-Ro Electronics’ QS93, as well as products integrating the higher-end NXP i.MX 95 processor, such as the Toradex Titan Evaluation kit. In addition to two older models for Dart and Variscite, there are also three others based on the same chip from Compulab that are now available.
Intended Audience
- Semi-Conductor Industry
- Robotics Industry
- Technology Investors
- Regulatory Industries
- Government Bodies
- Defense industry
System on Module Market Segmentation
System on Module Type Outlook
- ARM Architecture
- X86 Architecture
- Power Architecture
System on Module Standard Outlook
- COM EXPRESS
- SMARC
- QSEVEN
- ETX/XTX
- COM-HPC
- Others
System on Module Application Outlook
- Industrial automation
- Medical
- Entertainment
- Transportation
- Test and Measurement
- Others
System on Module Regional Outlook
Report Attribute/Metric |
Details |
Market Size 2023 |
USD 2.9 billion |
Market Size 2024 |
USD 3.2 billion |
Market Size 2032 |
USD 6.0 billion |
Compound Annual Growth Rate (CAGR) |
8.4% (2024-2032) |
Base Year |
2023 |
Forecast Period |
2024-2032 |
Historical Data |
2018-2022 |
Forecast Units |
Value (USD Million) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
Type, Standard, Application, and Region |
Geographies Covered |
North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
Countries Covered |
The U.S, Canada, Mexico, Germany, France, UK, Italy, China, Japan, India, South Korea |
Key Companies Profiled |
AAEON Technology (Taiwan), Advantech Co Ltd (Taiwan), Avnet Inc (US), Avalue Technology (Taiwan), Axiomtek Co Ltd (Taiwan), ConnectTech Inc (Canada), Cognatec AG (Germany), EMAC Inc (US), Eurotech Inc (Italy), Kontron ST&G (Germany), Microchip Technology (US), National Instruments (US), Phytec (Germany), SECO spA (Italy), TechNexion Ltd (Taiwan), Toradex (Switzerland) and VIV Technologies Inc (Taiwan). |
Key Market Opportunities |
· Adoption of system on modules in medical devices |
Key Market Dynamics |
· Ideal for quick and focused product designs · Surge in demand for portable and wireless devices |
System on Module Market Highlights:
Frequently Asked Questions (FAQ) :
The System on Module Market size was valued at USD 2.9 billion in 2023
The Motion Control Market size is predicted to hit USD 6.0 billion in 2032
The global market is projected to grow at a CAGR of 8.4% during the forecast period,2024-2032
Asia-Pacific had the largest share in the global market
The key players in the System on Module Market AAEON Technology (Taiwan), Advantech Co Ltd (Taiwan), Avnet Inc (US), Avalue Technology (Taiwan), Axiomtek Co Ltd (Taiwan), ConnectTech Inc (Canada), Cognatec AG (Germany), EMAC Inc (US), Eurotech Inc (Italy), Kontron ST&G (Germany), Microchip Technology (US), National Instruments (US), Phytec (Germany), SECO spA (Italy), TechNexion Ltd (Taiwan), Toradex (Switzerland) and VIV Technologies Inc (Taiwan).