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Dublin, December 10, 2021 (Global News Service) – “Modular Market Forecast System for 2028-COVID-19 Impact and Global Analysis by Processor Type, Application and Standard” Report has been added to ResearchAndMarkets.com supply.
By 2028, the system of modules (SoM) market is expected to increase from US$1.651.6 billion in 2021 to US$2.911.2 billion; the compound annual growth rate during the period 2021-2028 is expected to be 8.4%.
System of Modularity (SoM) is a small computing solution consisting of hardware and software used to develop embedded products. It is a single physical module that contains many computing components, including central processing unit (CPU), random access memory (RAM), flash memory, power management unit, Ethernet bus, Wi-Fi, and Bluetooth radio.
This convenient availability of hardware components as a single unit reduces the complexity of the final product design. The increasing practice of SoM integration with ready-to-use operating systems, as well as the ability to expand integration support for development environments, frameworks and other third-party software, provide industry participants with profitable growth opportunities. SoM also benefits from reduced complexity while being highly flexible in form factors.
Many participants in the system module market are providing off-the-shelf carrier boards that can be used in a wide range of applications. Therefore, they are allowed to increase profit margins by taking advantage of economies of scale and reducing product costs. Innovation and increased access to the latest technologies can help SoM vendors gain a competitive advantage. The range of microchips and integrated circuits that can be used in the end-user industry has proliferated. Companies such as Motorola, SUN Microsystems, Xerox, IBM, and DEC are increasingly favoring microsystems on modules in their blade computers to provide flexibility in hardware and software development activities Further promoted the growth of the market.
The growing trend of implementing multi-core processors in the field of industrial automation and the combination of advanced features such as wireless connectivity, smart sensors, and imaging have driven the demand for advanced and efficient systems. The growing demand enables manufacturers to provide single-chip multi-core solutions while saving costs, providing multiple CPU options, and reducing client design requirements.
The impact of the COVID-19 pandemic on the system module (SoM) market
Before the outbreak of COVID-19, the systems of module market participants have been subject to huge demands from end users. Due to the COVID-19 outbreak, governments around the world have adopted various containment measures. In some countries, governments have implemented complete blockades, while in some countries, they have experienced partial blockades, allowing companies and factors to operate under various supervisions.
Moreover, the supply chain of the module market system is not affected by the X86 aspect, because market participants regularly update, but the hardware aspect of the module market system…
The full story on Benzinga.com
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