System on Module Market Share

System on Module Market Share Analysis

The global System on Module (SoM) market, a dynamic and rapidly evolving sector, is characterized by its segmentation based on type, standard, and application. These factors collectively contribute to shaping the landscape of the market, reflecting the diverse applications and preferences across various industries.
In terms of type, the ARM architecture segment emerges as a frontrunner, holding the largest market share with a valuation of USD 1,204.1 million in 2021. Projections indicate a robust Compound Annual Growth Rate (CAGR) of 7.2% for this segment during the forecast period. This dominance highlights the widespread adoption and preference for ARM architecture in SoMs, underscoring its efficiency and versatility in meeting diverse engineering requirements.
When considering standards, the Qseven segment takes the lead, commanding a substantial market share of 27.9% in 2021, equating to a market value of USD 697.9 million. Forecasts indicate a continued growth trajectory for the Qseven standard, with a projected CAGR of 7.8% during the forecast period. This standard's popularity underscores its compatibility and widespread acceptance within the SoM market.
Application-wise, the industrial automation segment emerges as the dominant force, capturing the largest market share of 42.6% in 2021, equivalent to a market value of USD 1,066.5 million. Projections anticipate a robust CAGR of 8.5% for industrial automation during the forecast period. Within industrial automation, further segmentation includes Embedded Vision, Industrial Robot, Industrial Gateways, M2M Communication, Human Machine Interface (HMI), and Others, reflecting the multifaceted applications within this sector.
In the medical application domain, diverse applications such as ECGs, Infusion pumps, Ventilators, Bedside terminals, Patient monitors, and Others contribute to the segment's significance. The entertainment sector, spanning Smartphones, Gaming Consoles, Televisions, and Others, also plays a pivotal role in driving the adoption of SoMs. Transportation, with applications like Vehicle Control System, Kiosk Systems, Smart Ticketing Systems, and Others, further adds to the market's diversity. Test & Measurement, encompassing Testing Devices and Measurement Devices, represents yet another facet of the SoM market's applications.
The segmentation of the SoM market provides a comprehensive view of its dynamic nature, catering to a broad spectrum of industries with varied needs. As industries evolve, the adaptability and versatility of SoMs become increasingly apparent. The dominance of ARM architecture, the prevalence of the Qseven standard, and the diverse applications within industrial automation, medical, entertainment, transportation, and test & measurement collectively define the vibrant and expansive SoM market.
In conclusion, the global SoM market is characterized by its adaptability, efficiency, and diverse applications across industries. The dominance of specific types, standards, and applications reflects the evolving needs of industries worldwide, driving innovation and growth in the SoM market. The forecasted CAGR for key segments further underscores the market's resilience and potential for sustained expansion in the coming years.