Global Single Board Computer Market Insights Forecasts to 2030
- The Single Board Computer market was valued at USD 1 billion in 2021.
- The market is growing at a CAGR of 12.5% from 2022 to 2030
- The global Single Board Computer market is expected to reach USD 3 billion by 2030
- Asia Pacific is expected to grow the fastest during the forecast period
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The global Single Board Computer market is expected to reach USD 3 billion by 2030, at a CAGR of 12.5% during the forecast period 2022 to 2030. The increasing use of healthcare and medical devices across the world are propelling the overall growth of the global single board computer market.
Single Board Computer is a low profile complete computer that developed on only one board. This type of computer looks similar to the normal computer because it comprises components like input device, output device, microprocessor, and a memory. Various companies have made changes single board computers with an aim to make it cost friendly and company. In fact, the market has changed drastically. The computers are used educational tools for kids these days because it can be purchased at affordable price. Apart from this, the single board computers are also increasingly used in various sectors like digital healthcare, aerospace, defence, digital logistics, retail & hospitality, automotive, digital signage, transportation and other embedded control subsystems.
Global Single Board Computer Market Report Coverage
|Market Size in 2021:||USD 1 billion|
|Forecast Period 2022-2030 CAGR:||12.5 %|
|2030 Value Projection:||USD 3 Billion|
|Historical Data for:||2019-2020|
|No. of Pages:||210|
|Tables, Charts & Figures:||108|
|Segments covered:||By Processor, By Application, By Region|
|Companies Covered:||ASUSTeK Computer Inc., iWave Systems Technologies Pvt. Ltd., Kontron, Congatec, Axiontek Co., Advantech Digi International Inc. , Eurotech|
|Growth Drivers:||The expansion in the development of wireless communication infrastructure as well as steady advancement in the field of product designing along with increasing demand of single board computer applications in ATMs, medical equipment, industrial computers, and automation equipment is boosting the overall growth of the market.|
|Pitfalls & Challenges:||The COVID 19 pandemic has severely affected the single board computer market in the first quarter of 2020. In the first half of 2020, various governments as well as regulatory bodies have announced trade restrictions as well as lockdowns across the world which has disrupted the raw material and component supply chain.|
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This research report categorizes the market for single board computer market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the single board computer market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the single board computer market.
The expansion in the development of wireless communication infrastructure as well as steady advancement in the field of product designing along with increasing demand of single board computer applications in ATMs, medical equipment, industrial computers, and automation equipment is boosting the overall growth of the market. Apart from this the easy availability of single board computers as well as normalized form elements will increase the demand for innovative devices in the market. In addition, expanded computer power, lowered power consumption, high adaptability, and higher effectiveness are also the other driving factors of the single board computer market.
The COVID 19 pandemic has severely affected the single board computer market in the first quarter of 2020. In the first half of 2020, various governments as well as regulatory bodies have announced trade restrictions as well as lockdowns across the world which has disrupted the raw material and component supply chain. Not only this but also the industry growth for single board computers also reduced in home appliances, consumer electronics, and automotive segment due to the shutdown of manufacturing plants across the world. Having said that, the increasing work from home trend in IT sector has boosted the industry demand for low cost PCs and workstations which are positively supporting the market expansion over the pandemic.
- In 2021, x86 segment is going to witness the highest growth rate of 13.5%.
On the basis of processor, the global single board computer market is segmented into ARM, x86, PowerPC. Among these, the x86 segment is estimated to witness the highest market growth with the growth rate of around 13.5% over the forecast period. The main reason behind the market growth is various benefits provided by x86 processors like fast clock time generation, supports multi-tasking, high speed data processing, and high scalability. All these benefits have prompted the companies to use this in industrial applications like computers, robotics, and automation systems. Apart from this, the proliferation of IoT and AI technologies in the field of entertainment, transportation, healthcare, and medical sectors are also propelling the demand for advanced single board computers.
- In 2021, industrial automation segment to hold the largest market share of 30%.
Based on application, the global single board computer market is segmented into Industrial Automation, Consumer Electronics, Aerospace & Defense, Automotive & Transportation, Healthcare & Medical Devices, Entertainment, Education, Agriculture. Among these, the industrial automation segment is going to hold the largest market share of 30% over the forecast period. The growth is attributed by the increasing penetration of automation and robotics in industries like manufacturing and processing. This is because manufacturing sector is high integrated with industrial robots, collaborative robots, pick and place robots, and programmable logic controllers. The automation tools make use of single board computers to monitor and process control applications.
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North America emerged as the largest market for the global single board computer market in 2021.
In 2021, North America holds the largest market share with a CAGR of 12% over the forecast period owing to the increasing demand for unmanned aerial vehicles as well as drones from aerospace and defence sectors. These UAV are equipped with x86 powered SBCs which provide various benefits like improved power saving capacities and faster processing. Apart from this, the increasing government initiatives to prompt technological advancements in the defence drones sector will boost the market growth.
List of Key Market Players
- ASUSTeK Computer Inc.
- iWave Systems Technologies Pvt. Ltd.
- Axiontek Co.
- Digi International Inc.
Key Target Audience
- Market Players
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
- In January 2022, AMD introduced its new Ryzen 6000 series of processors which will support high speed computing in laptops.
Single Board Computer Market, By Processor
Single Board Computer Market, By Application
- Industrial automation
- Consumer electronics
- Aerospace & defence
- Automotive & transportation
- Healthcare & medica devices
Single Board Computer Market, By Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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