Single Board Computer Market - 14% CAGR for Industrial Automation sector over 2017-2024
September 12, 2017 --
(SBC) Single Board Computer Market will surpass USD 1.2 billion by 2024; according to a new research report by Global Market Insights, Inc. Increasing penetration in the healthcare sector is anticipated to drive the single board computer market growth over the forecast timeline. SBCs are integrated in the medical equipment on a large scale owing to high reliability and capability of providing efficient healthcare solutions and services. Moreover, increasing utilization of the devices in other medical applications such as customized medical monitoring systems, medical electronic devices, and fault tolerant wearable computers will contribute to the single board computer market size in the next eight years.
High demand across consumer electronics may provide huge growth opportunities to the single board computer market growth. This can be attributed to the rising usage in a variety of electronic devices such as mobile phones, tablets, and gaming consoles. Rising penetration of consumer electronics equipped with SBCs is increasing among several end-use industries due to reduction in the prices.
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The increasing adoption of artificial intelligence coupled with the technology advancements such as enhanced reliability offered with the integration of SBCs due to increase in demand for solving complex problems provide lucrative growth opportunities to the single board computer market size.
VME technology segment contributed significantly to the single board computer market share, primarily due to its ability to be used in rugged industrial applications such as controlling motors and actuators. In addition, it provides real-time computing options and can support multi-master CPU arrangements to boost performance and processing bandwidth.
Customization services are anticipated to grow significantly over the coming years due to the increasing demand for tailor-made devices in the industrial automation and aerospace & defense sectors. Customized solutions offer specific hardware and software requirements for several applications. Furthermore, they provide enhanced degree of flexibility to the SBC and reduce cost and manufacturing time.
x86 based single board computer market is driven by features such as faster processing and better power saving capabilities, making it suitable for harsh industrial environments. These processors are flexible and can be integrated with several new technologies effortlessly. For instance, Udoo x86 SBC is assimilated with the Curie module by intel, which includes a Bluetooth Low Energy radio.
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Aerospace & defense applications segment are to observe high growth prospects with an estimated CAGR of over 13% in the next eight years owing to the rising demand for high density communication and enhanced performance in SWaP constrained environments. Furthermore, SBCs aids in transmission and reception of channels for air-data information for autopilots, displays and other flight associated controls on commercial and military aircraft.
U.S. single board computer market share was over 40% due to the presence of major players operating in the industry such as Advantech, Allied Electronics. Moreover, high demand across aerospace and defense may propel the regional growth. Advancements in the technology to offer low cost and efficient products have instigated the adoption across education sector for research related projects and among electronics engineers & professionals involved in the electronics design and development.
Industry participants include VersaLogic Corp., Wandboard, Digi International, Advantech, Kontron, Eurotech Group, Adlink Technology, Radisys, Advantech, Olimex, Mercury Systems, UDOO, American Portwell, Arbor Solutions, Logic and NETBurner. Companies are focusing on efficient design and expansion of seamless connectivity to gain industry share.
Browse key industry insights spread across 160 pages with 166 market data tables & 128 figures & charts from the report, ?Single Board Computer Market Size By Technology (VME, cPCI, VPX, xTCA), By Service (System Integration, Customization, Aftersales), By Processor (ARM, x86, Atom, PowerPC), By Application (Industrial Automation, Aerospace & Defense, Transportation, Medical, Entertainment), By End-Use (Test & Measurement, Communication, Data Processing, Research), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, China, India, Japan, South Korea, Brazil), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 2024 in detail along with the table of contents:
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