The System on Module (SoM) market in South America is expected to grow from US$ 65.52 million in 2022 to US$ 98.92 million by 2028. It is estimated to grow at a CAGR of 7.1% from 2022 to 2028.
There is high uptake of the Internet of Things and embedded computers in industrial applications. The need for software-defined radio (SDR) in the automotive and transportation sectors, and the benefits associated with systems on modules, such as reduced cost, and greater stability and reliability, are propelling the market. Industrial technologies have led to the introduction of wireless connectivity technologies, smart sensors, and imaging solutions, enabling manufacturers to offer a “single chip with multiple cores” system to improve applications and boost reliability. Further, the growing demand for systems on modules in rugged embedded computers that are used in the aerospace & defense industry further boosting the market.
System on module integrates the volatile memory technologies, such as RAM and DRAM, and non-volatile flash memory of a processing subsystem on a single module, which are widely used for building end products using embedded platforms. Thus, the rising demand for embedded systems due to their computing performance and ultralow power consumption is driving the system on module market.
South America System on Module (SoM) Market Revenue and Forecast to 2028 (US$ Million)
South America System on Module (SoM) Market Segmentation
The South America 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 Brazil, Argentina, and the Rest of South America. Further, Brazil dominated the market in 2022.
A few key players dominating the South America System on Module (SoM) market are Advantech Co. Ltd.; Axiomtek Co., Ltd.; Connect Tech Inc.; Emcraft Systems; Microchip Technology, Inc.; National Instruments Corporation; Segate Technology LLC; and SoMLabs.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 65.52 Million |
| Market Size by 2028 | US$ 98.92 Million |
| CAGR (2022 - 2028) | 7.1% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Processor Type
|
|
Regions and Countries Covered
|
|
| South and Central America | Brazil, Argentina, Rest of South and Central America |
| Market leaders and key company profiles |
|
The South America System on Module (SoM) Market is valued at US$ 65.52 Million in 2022, it is projected to reach US$ 98.92 Million by 2028.
As per our report South America System on Module (SoM) Market, the market size is valued at US$ 65.52 Million in 2022, projecting it to reach US$ 98.92 Million by 2028. This translates to a CAGR of approximately 7.1% during the forecast period.
The South America 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 South America System on Module (SoM) Market report:
The South America 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 South America System on Module (SoM) Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America System on Module (SoM) Market value chain can benefit from the information contained in a comprehensive market report.
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