The most recent study conducted by Report Ocean, titled “Global Single Board Computer Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the Single Board Computer. The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
The global single board computer market valued at market size of USD 2,786.5 Million in 2020 and is expected to reach USD 4,798.9 Million by 2027. The global single board computer market is anticipated to grow at a CAGR of 8.8% over the forecast period.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
The single board computer consists of the whole embedded computer system, assembled on a single board. The layout of a single board computer includes microprocessor with RAM, input/output controllers and all different capabilities, required to build a computer. Increasing demand for industrial automation, and growing demand for compact components, across various industries are some of the important factors, expected to drive the demand for single board computers.
Single board computer market is a moderately fragmented, with the presence of international and local players across various regions. This results in moderate competition in the market. Market players are continuously focusing on new product development in order to serve the specific needs of their clients.
Growth Influencers
Increasing industrial automation to drive the market growth
One of the most important factors attributed to the growth in demand for single board computer, is rising trend of industrial automation. Single board computers have important applications in industrial automation and are used primarily for process control and discrete manufacturing in production facilities. Introduction of robotics, Programmable Logic Controller (PLC), Supervisory Control and Data Acquisition (SCADA) and various other new technologies have resulted in increased automation of the industries. Industrial automation also results in reducing the overall cost of manufacturing through increased productivity and efficiency. Due to these factors industrial automation is growing at a huge pace, across various countries, globally. This in turn is expected to fuel the growth of single board computer market in the forthcoming years.
Covid-19 resulted in slowdown of single board computer market
Covid-19 pandemic has resulted in temporary shutdown of production and manufacturing activities across the globe. This in turn has resulted in factory closures, supply chain disruption, and a collapse in demand of goods across various industries. Additionally, increased trade barriers in various countries have further resulted in slowdown of manufacturing activities, which is anticipated to curtail the demand for single board computer, to a great extent.
Segments Overview
The global single board computer market is categorised into component, processors, installed RAM, packaging, application, and end-user
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By Component
Solution
o VME
o cPCI
o VPX
o xTCA
o Others
Service
o System Integration
o Customization
o After Sales
Based on processor, the solution segment is dominating the single board computer market with the largest market share of nearly 75%, in the year 2020. The segment is estimated to continue this dominance during the forecast period, Whereas, service segment is expected to grow at a CAGR of 9.8%, during the forecast period.
By Processors
ARM
AMD
Celeron
RabbitCore
X86
Atom
PowerPC
Others
On the basis of processors, X86 segment is anticipated to capture the largest share in the year 2020. The segment captured around 37% share of the single board computer market. Whereas, RabbitCore segment is expected to be the fastest growing segment, during the forecast period.
By Installed RAM
< 2GB
2-8 GB
8-24 GB
24-128 GB
128-512 GB
512 GB
Based on Installed RAM, the 24-128 GB segment is estimated to grow at a highest rate, during the forecast period. Whereas, 8-24 GB segment is dominating the market, with the largest share of around 37% in 2020.
By Packaging
Box/Bulk
Tray
By Application
Test & Measurement
Communication
Data Processing
Research
Others
Based on application, data processing segment is projected to be valued at a market size of USD 807 Million by 2024.
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By End User
Industrial Automation
Aerospace & Defense
Transportation
Medical
Entertainment
Others
On the basis of end user, medical segment is expected to be the fasted growing segment during the forecast period.
Regional Overview
On the regional basis, the single board computer market is segmented into North America, Europe, Asia Pacific, Middle East, Africa, and South America.
North America region is dominating the global single board computer market. The increased spending in the industrial automation, coupled with the high adoption rate of advanced technology is expected to support market growth in North America region. Whereas, Asia Pacific region is expected to grow at a highest CAGR, during the forecast period.
Competitive Landscape
Key players operating in the market include , AAEON Electronics, Inc., ABACO SYSTEMS, ADLINK Technology Inc., Advantech Co. Ltd., American Portwell Technology, Inc., ARBOR Technology, Arm Limited, Axiomtek Co., Ltd., Curtiss Wright Corporation, Digi Key Electronics, Emerson Electric Co., Eurotech, EVOC Intelligent Technology Company Limited, General Electric Company, IEI Integration Corp., Intel Corporation, Kontron, LeMaker, Mercury Systems, Inc., Qualcomm Technologies, Inc., Raspberry Pi, Trenton Systems, Inc., and others. The major 11 players in the market accounted for a cumulative market share of nearly 69% in 2020. The market players are making huge effort to introduce towards developing of new features in their exiting offerings, in order to cater to the specific needs of different industries.
The global single board computer market report offers insights on the below pointers:
1. Market Penetration: The research report provides comprehensive data on the market offered by the prominent players
2. Market Development: The report offers detailed analysis about emerging markets and examines penetration across mature segments of the markets
3. Market Diversification: The research report offers comprehensive information about untapped geographies, recent developments, and investments
4. Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches, collaborations in the market have been provided in this research report. In addition, the report also includes a SWOT analysis of the leading market players.
The global single board computer market report answers questions such as:
1. What is the market size and forecast of the global single board computer market?
2. What are the inhibiting factors and impact of COVID-19 on the global single board computer market during the assessment period?
3. Which are the applications/end user/components to invest in, over the assessment period in the global single board computer market?
4. What are the technology trends in the global single board computer market?
5. What strategies are considered favourable for entering the global single board computer market?
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