Europe System on Module (SoM) Market to cross $1 Bn by 2026

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Europe System on Module (SoM) Market to cross 1
Bn by 2026 Graphical Research
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Europe System on Module (SoM) Market Size is
estimated to hit USD 1 Billion By 2026. The
Europe system on module market is gaining
traction owing to the rising demand for embedded
computing in the region. Embedded computing
devices integrate SoM to control, monitor, and
perform a specific function by executing
commands. Microprocessors and microcontrollers
integrated on these modules are the basic
components used to operate embedded computing
systems. These are used in various applications
including office automation, home applications,
banking financial institutes, security,
defense, healthcare, and automobile, among
others. They offer additional features such as
low power consumption, enhanced accuracy,
increased reliability adaptability, and high
speed, accelerating market growth. Furthermore,
the rising adoption of artificial intelligence
and growing digitalization in the region will
propel the demand for embedded computing devices,
thus accelerating the Europe system on module
market growth.   The Smart Mobility Architecture
(SMARC) standard accounted for a market share of
15 in 2019 and is expected to grow at a CAGR of
12. The growth is credited to low-power
compact-sized consumer electronic devices such as
smartphones, tablets, and laptops, among others.
The SMARC standard is capable of supporting four
independent displays, increasing its adoption in
several display devices. The emergence of Ultra
HD and 4K display technologies has further
increased the adoption of SMARC-based computer on
modules. The development of SMARC 2.0
architecture, which supports multiple wireless
technologies including Bluetooth, Wi-Fi, and
ZigBee will further propel the Europe system on
module market growth. In July 2019, Kontron
launched a new SMARC-Sxal4 module with 8 Gbps
LPDDR4 memory down. The new product is a highly
scalable SMARC 2.0 module based on the latest
IoT-enabled embedded processor of Intel.
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The industrial automation segment accounted for
over 40 market share in 2019 and will grow at a
CAGR of 11 from 2020 to 2026. The increasing
adoption of industrial robots in the
manufacturing sector will create positive growth
prospects for SoMs in industrial automation.
According to the World Robotics 2019 report,
Europe deployed 75,560 new industrial robots in
2018 with a year-on-year growth rate of 14.
These robots are extensively integrated with
high-end SoM devices for various applications
such as industrial communication, processing, and
machine operations. The rising adoption of AI and
IoT technologies in the industrial sector will
further boost regional market growth.   The UK
accounted for market share of over 15 in 2019
and will grow at a CAGR of 8 from 2020 to 2026.
Rising demand for system on modules for Software
Defined Radio (SDR) applications is propelling
the UK market growth. It is used for radio
communication where electronic components, such
as filters, mixers, amplifiers, and others, are
implemented on modules with the help of software
on PC or embedded systems. The increase in demand
and use of the latest technologies, such as
Wi-Fi, 5G Bluetooth, will accelerate the
adoption of SDR, which provides wireless
connectivity and fuels the use of system on
modules. Module embedded SDRs are used in various
industries including aerospace defense,
telecommunication, public safety, and commercial,
among others. Players in the UK are continuously
focusing on product development, thus catering to
the demand. For instance, in April 2019, BAE
Systems launched SDR for space applications. The
new general SDR assembly is used for
high-reliability commercial and Department of
Defense space applications.
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Key players in the Europe system on module market
are extensively focusing on strategic
acquisitions and new product innovations to
provide technically advanced products and to stay
competitive in the market. For instance, in
December 2019, EuroTech Group, a PCB manufacturer
in the UK, acquired Lyncolec. This acquisition
will enhance the companys manufacturing
capabilities and will provide more diverse
product modules to customers. Similarly, in July
2019, Kontron, a subsidiary of ST AG, acquired
the industrial mainboard business of Fujitsu
Technology Solutions. The acquisition will help
the company in expanding the product offerings
with its IoT software technology. Some of the key
players in the Europe system on module market are
Eurotech, EMAC, Kontron ST, Elma Electronics,
and Toradex Systems, among others. Segmentation
of Europe System on Module (SoM) Market Europe
System on Module Market, By Product ARM
architecture X86 architecture Europe System on
Module Market, By Standard QSeven SMARC Europe
System on Module Market, By Application Industrial
automation Medical Entertainment
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Europe System on Module Market, By
Application Industrial automation Medical Entertai
nment Transportation Test measurement The
above information has been provided for the
following countries Europe UK Germany France Ital
y Spain Russia
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