Global Computer on Module Market to Reach US$ 2.3 Billion by 2032, Stimulated by Rising Automation

September 30, 2020 | Technology & Media

According to the latest report by IMARC Group, titled “Computer on Module Market Report by Architecture Type (ARM (Advanced RISC Machines) Architecture, x86 Architecture, Power Architecture, and Others), Standard (COM Express, SMARC (Smart Mobile Architecture), Qseven, ETX (Embedded Technology Extended), and Others), Application (Industrial Automation, Medical, Transportation, Gaming, Communication, and Others), and Region 2024-2032,” the global computer on module market size reached US$ 1.6 Billion in 2023. Also known as the system on module, computer on module (CoM) refers to a development board with a cooler, chipset, memory, heat sink, secure boot, computer processor and peripherals designed into a component module. It acts as an alternative to single board computers for embedded systems and offers a more flexible and contoured solution. It is designed for plugging into a carrier or baseboard and is usually a small processor module with a CPU and standard I/O capability. CoM helps system designers to realize a fully customized electronics assembly, complete with custom interfaces and form factors without the effort of ground-up electronics design.

Global Computer on Module Market Trends:

The market is presently experiencing moderate growth on account of the rising automation in different industries. Apart from this, the increasing adoption of miniaturized devices is positively influencing the sales of CoM systems. For example, they are mainly utilized in drones or unmanned aerial vehicles (UAVs), which are compact and can be navigated autonomously. These systems also help in faster product development and offer improved reliability, longevity and interconnectivity with other devices. Furthermore, the rising demand for fast product development, longevity, reliability of COMs, and its capability of multichannel retailing are some of the factors fueling the growth of the market. Moreover, increasing digitization, along with the rising utilization of CoMs for robotics, artificial intelligence, smart electronics, wireless connectivity and other electronic systems, is anticipated to drive the market in the upcoming years. Looking forward, the market value is projected to reach US$ 2.3 Billion by 2032, expanding at a CAGR of 4.4% during the forecast period (2024-2032).

Market Summary:

  • Based on the architecture type, the market has been segmented into advanced RISC machines (ARM), x86, power and other architecture.
  • On the basis of the standard, the market has been segregated into COM express, smart mobile architecture (SMARC), Qseven, embedded technology extended (ETX) and others.
  • The market has been analyzed on the basis of the application into industrial automation, medical, transportation, gaming, communication and others.
  • Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (the United Kingdom, Germany, France, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
  • The competitive landscape of the market has been examined, with some of the key players being AAEON Technology Inc., Advantech Co. Ltd., Axiomtek Co. Ltd., congatec AG, Digi International Inc., iWave Systems Technologies Pvt. Ltd., Kontron S&T AG (S&T AG), PHYTEC Embedded Pvt. Ltd., TechNexion Ltd., Toradex Systems (India) Pvt. Ltd. and Variscite.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Architecture Type, Standard, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered AAEON Technology Inc., Advantech Co. Ltd., Axiomtek Co. Ltd., congatec AG, Digi International Inc., iWave Systems Technologies Pvt. Ltd., Kontron S&T AG (S&T AG), PHYTEC Embedded Pvt. Ltd., TechNexion, Toradex Systems (India) Pvt. Ltd. and Variscite
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Global Computer on Module Market to Reach US$ 2.3 Billion by 2032, Stimulated by Rising Automation
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