The System on Module (SoM) market in Europe is expected to grow from US$ 554.11 million in 2022 to US$ 900.41 million by 2028. It is estimated to grow at a CAGR of 8.4% from 2022 to 2028.
The growing use of control systems, robotics, and the Internet of Things (IoT) technologies to handle processes in industries is one of the prime factors driving the uptake of systems on modules. The solutions incorporated with systems on modules feature high accuracy, precision, and enhanced manufacturing process performance. The use of the integrated system on modules is on the rise as it helps enhance manufacturing, product assembly, supply chain management, and logistics operations, among others.
Manufacturers are increasingly replacing their conventional computing systems with compact and cost-effective computing solutions enabled with systems on modules. Thus, widespread applications of systems on modules in industrial automation processes, including process control and discrete manufacturing, are propelling the market.
Europe System on Module (SoM) Market Segmentation
The Europe system on module (SoM) market is segmented by component, hardware type, standard, application, and country. The market based on component is bifurcated into hardware and software. The hardware segment is dominating the market in 2022. Based on hardware type, the market is segmented into ARM, X86, Power, FPGA, GPU, DSP, and RISC-V. The ARM segment dominated the market in 2022. Based on standard, the market is segmented into Qseven, COMExpress, and SMARC. The Qseven segment dominated the market in 2022. Based on application, the market is segmented into industrial automation, entertainment, medical, transportation, test and measurement, video application, and others. The industrial automation segment dominated the market in 2022. Based on country, the market is segmented into Germany, France, Italy, Russia, the UK, and the rest of Europe. Further, Germany dominated the market in 2022.
A few key players dominating the Europe System on Module (SoM) market are AAEON; Advantech Co. Ltd.; Axiomtek Co., Ltd.; Congatec GmbH; Connect Tech Inc.; Emcraft Systems; Microchip Technology, Inc.; National Instruments Corporation; Segate Technology LLC; SiFive Inc.; and SoMLabs.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 554.11 Million |
| Market Size by 2028 | US$ 900.41 Million |
| CAGR (2022 - 2028) | 8.4% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Processor Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe System on Module (SoM) Market is valued at US$ 554.11 Million in 2022, it is projected to reach US$ 900.41 Million by 2028.
As per our report Europe System on Module (SoM) Market, the market size is valued at US$ 554.11 Million in 2022, projecting it to reach US$ 900.41 Million by 2028. This translates to a CAGR of approximately 8.4% during the forecast period.
The Europe System on Module (SoM) Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe System on Module (SoM) Market report:
The Europe System on Module (SoM) Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe System on Module (SoM) Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe System on Module (SoM) Market value chain can benefit from the information contained in a comprehensive market report.
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