System on Module Market Share, Trend & Growth Forecast to 2026

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System on Module Market Growth Industry
Analysis Report, 2020-2026
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Continued
One of the recent developments in the global
System on Module market comprises the expansion
of Renesas Electronics Winning Combinations
portfolio with the launch of a new scalable AI
(artificial intelligence) Smart Mobility
ARChitecture (SMARC) System on Module board
solution designed by Renesas and developed via a
partnership with RelySys Technologies. Constituti
ng 10 Renesas ICs, including analog,
microprocessor (MPU), and power ICs, this AI
SMARC System on Module board solution has been
created for helping engineers in accelerating the
development of AI image processing, IoT
face/object detection, and 4K video playback in
an array of applications. These applications
comprise an extensive range of building and
industrial automation HMI, surveillance cameras,
embedded vision systems, and inspection equipment.
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Key Insights System on Module Market

• The surging adoption of smart factories at the
  global level has been instrumental in advancing
  growth opportunities in the System on Module
  market over the projected period. Smaller
  footprint coupled with high energy efficiency has
  been further responsible for increasing SoM
  adoption in industrial robots and the
  human-machine interface. Prominent System on
  Module manufacturers comprises Advantech Co.,
  Ltd., Eurotech, Inc., VIA Technologies, Digi
  International, Inc., Kontron ST AG, and others.
• Growth in the adoption of artificial intelligence
  in the medical industry is helping in real-time
  management as well as in the optimization of
  results with high accuracy. These embedded
  systems are extensively used in monitoring blood
  pressure, respiratory systems, and wearable
  devices.

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Major Companies System on Module Market

• National Instruments Corporation
• Phytec
• SECO S.p.A
• TechNexion
• Thundercomm
• Toradex AG
• Unex Technology
• VIA Technologies Inc.

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Regional System on Module Market

• The Europe System on Module market size accounted
  for more than 40 per cent of the market share in
  2019 and is expected to exhibit a remarkable CAGR
  of 9 per cent over the estimated span.
• In the years to come, the proliferation of
  artificial intelligence and IoT technologies is
  set to augment System on Module (SoM) industry
  expansion owing to its increasing application in
  areas such as medical surgeries, smart home
  applications, and facial recognition amongst
  others.

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