Single Board Computer Trends and Forecast
The future of the global single board computer market looks promising with opportunities in the industrial automation, aerospace & defense, consumer electronics, and healthcare sectors. The global single board computer market is expected to reach an estimated $3.6 billion by 2030 with a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are increasing use of IoT based technologies among industries, rising popularity for industrial automation, and growing use of ARM processors in single-board computers.
• Lucintel forecasts that X86 is expected to witness the highest growth over the forecast period due to its various features, such as high scalability, multitasking support, quick data processing, and quick clock time generation.
• North America will remain the largest region over the forecast period due to rapid adoption of industrial automation and continuous expansion of biomanufacturing units in the region.
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Emerging Trends in the Single Board Computer Market
Some of the emerging trends drive innovation and growth across various sectors, shaping the single board computer market.
• Increased Focus on IoT Integration: Most of the SBCs are presently designed to keep IoT integration in focus, offering advanced connectivity and support for diverse IoT protocols. This is driven essentially by growing demand for smart devices and connected systems, further making SBC solutions versatile and scalable.
• Better Processive Power: These computers are under continuous development, where more processing powers are being introduced using more powerful processors and GPUs. It is going to support the increasing needs of applications in AI, edge computing, and high-performance computing, thus extending the capabilities of SBCs.
• Customization and Modular Design: The trend towards customization and modular design allows users to tailor SBCs to specific needs and applications. Modular SBCs offer flexibility in expanding functionality and upgrading components, making them suitable for diverse use cases and industries.
• Efficiency in Energy Utilization: With increasing demand, energy-efficient SBCs are gaining in popularity for green computing. Advances in power management and low-power processors reduce the energy footprint of these SBCs in tune with environmental objectives of less energy consumption, with lower operating costs.
• Industrial Application Growth: SBC industrial applications are increasing at a very rapid rate because of automation, monitoring, and control systems. This trend has shown the dynamics of demand for robust, rugged, high-performance SBCs that can operate effectively in extreme ambient conditions and support industrial processes.
These trends are remodeling the single board computer market by boosting its application, agility, and eco-friendliness. The market is changing to meet demands across a broad spectrum of applications-from IoT and industrial automation to energy-efficient computing.
Recent Developments in the Single Board Computer Market
Recent developments in the single board computer market highlight key advancements and innovations that are shaping the industry.
• Introduction of High-Performance SBCs: New high-performance SBCs with advanced processors and increased memory capacities are being introduced, enabling more demanding applications. These developments support use cases in AI, machine learning, and complex data processing.
• IoT-Enabled SBC Growth: Increasing emphasis is given to the development of single board computers with better IoT capabilities, where sensors and communication modules are integrated within one circuitry. This trend nurtures smart devices and connected systems and, therefore, drives innovation within the SBC market.
• Development of SBCs for Industrial Applications: Industrial-grade SBCs have started to gather speed, with hardened designs and high reliability in extreme environments. These developments form the required backbone for industrial automation, control systems, and monitoring applications.
• Energy-Efficiency in SBCs: A new generation of SBCs is being developed with better power management features. The innovations further reduce energy use and operational expenses while aligning business operations to meet sustainability objectives and support eco-friendly computing solutions.
• More R&D Investment: Heavy investment in research and development is leading to the innovation of SBC technology. Companies are leveraging new materials, designs, and applications to improve SBC performance and continue to meet new market demands.
These developments are affecting the single board computer market in terms of performance, application, and sustainability. The market is turning toward varied computational needs and technological advancements.
Strategic Growth Opportunities for Single Board Computer Market
The single board computer market contains different strategic growth opportunities through key applications and sectors.
• IoT Solutions: The increase in demand from IoT solutions will bring significant growth opportunities for the SBCs. By integrating advanced connectivity along with features in processing, it can support various IoT applications, which range from smart homes to industrial automation.
• Industrial Automation: With increased industrial automation and Industry 4.0 initiatives, the scope of industrial-grade SBCs increases correspondingly. These systems provide the required reliability and performance for automation systems, process control, and data acquisition.
• Consumer Electronics: The growth opportunities in SBCs also lie within consumer electronics for home entertainment systems, smart appliances, and personal gadgets. High-performance SBCs could translate into increased functionality and better user experience with consumer devices.
• Education and Prototyping: SBCs find their wider application in education and prototyping of new technologies. Inexpensive and versatile SBCs promote practical learning and experimentation, acting as a catalyst for educational and research markets.
• Robotics and Automation: With increased robotics and automation, new avenues open for advanced SBCs intended for use within robotic systems. High-performance and network-connected SBCs can enable complex control applications and real-time data processing in robotics applications.
Applications of the Single Board Computer in IoT, industrial automation, consumer electronics, education, and robotics together avail the strategic growth opportunities in the market. These opportunities drive innovation and extend the growth potential in the market.
Single Board Computer Market Driver and Challenges
The single board computer market has various drivers and challenges that influence the growth and development of the market.
The factors responsible for driving the single board computer market include:
1. Technological Advancements: The continuous and rapid development in SBC, especially regarding advanced processors and enhanced connectivity, acts as a catalyst to market growth. These innovations make SBCs competent to run more complex and demanding applications, thus expanding their usage areas.
2. Growing Demand for IoT Solutions: With the growing trend of IoT devices and applications, demands for SBCs are also growing with high-speed connectivity and processing capabilities. SBC acts as the critical factor for enabling smart and connected systems.
3. Emphasis on Customization and Modularity: The trend of customized and modular SBCs facilitates a wide range of applications, each with user needs. It gives flexibility for tailored solutions and upgrades, which in turn accelerates market growth.
4. Increased Industrial Automation: Growth in industrial automation and Industry 4.0 initiatives has created demand for industrial-grade SBCs. The SBCs address the reliability and performance of automation systems and control applications.
Challenges in the single board computer market are:
1. Supply Chain Disruptions: Since it leads to the shortage of components and materials, disruptions in the supply chain may affect production and availability. Therefore, management of supply chain problems factor is very important in order for markets to maintain their stability.
2. Techno cycle or Speedy Technological Changes: Technology being fast-moving in nature, keeping SBCs updated with features and standards of performance, therefore, is rather challenging. Staying current with the trends in technology is one of the keys to success in the market place.
The factors driving this market include technological advancement, demand from IoT, trend for customization, industrial automation, and energy efficiency. In the single board computer market, there are going to be challenges such as increasing competition, disrupted supply chains, and rapidly changing technologies to sustain growth and innovation.
List of Single Board Computer Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies single board computer companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the single board computer companies profiled in this report include-
• Aaeon Technology
• Adlink Technology
• Advantech
• Digi International
• Eurotech
• Intel
• Mercury SystemsInc
• Qualcomm
• Texas Instruments
• Xilinx
Single Board Computer by Segment
The study includes a forecast for the global single board computer by processor, end use industry, and region.
Single Board Computer Market by Processor [Analysis by Value from 2018 to 2030]:
• ARM
• X86
• ATOM
• PowerPC
Single Board Computer Market by End Use Industry [Analysis by Value from 2018 to 2030]:
• Industrial Automation
• Aerospace & Defense
• Consumer Electronics
• Healthcare
• Others
Single Board Computer Market by Region [Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
Country Wise Outlook for the Single Board Computer Market
The single-board computer market keeps on changing very fast, mainly due to the technological development and increasing demand for small-sized and versatile computer solutions. Local and technological factors have an effect on both trends and new developments within key markets that include Germany, the United States, China, India, and Japan, among others. Every region adds to the growth and transformation of the SBC market with its unique advancement and market dynamics.
• United States: The U.S. market has high-performance SBCs in development, with big processors and higher levels of on-board connectivity. Growing importance is attached to applications in IoT, AI, and edge computing. Main companies from the United States are similarly engaged in research and development to develop innovative functions and improve the performance of SBCs.
• China: This represents one of the largest SBC markets with fast growth in China. The use of cost-effective solutions with strong features has been put into practice. China is expanding its domestic capacity in this domain and investing hugely in developing SBCs for industrial applications and customized ones for consumer applications. This growth is driven by the increasing demand for smart devices and automation technologies.
• Germany: The German SBC market is pretty innovative, and most of the focus was placed upon industrial-grade SBCs to provide reliability and durability. The embedded computing in the German market is pretty advanced, and there is a strong drive for the merge with Industry 4.0 technologies. Other points of focus for the companies from Germany are energy efficiency and computing at high performance.
• India: With emphasis on low-cost and scalable solutions for education and small to medium-sized enterprises, the Indian market is also seeing growth. SBC interest is growing related to prototyping and development by tech startups. Moreover, local manufacturing activities are starting to increase towards satisfying the domestic demand.
• Japan: Japan is using its technological know-how for developing high-tech SBCs for niche applications, such as robotics and automation. Innovation in compact, high-efficiency SBCs characterizes the Japanese market, since the country has immense interest in technological growth along with automation across industries.
Features of the Global Single Board Computer Market
Market Size Estimates: Single board computer market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Single board computer market size by processor, end use industry, and region in terms of value ($B).
Regional Analysis: Single board computer market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different processors, end use industries, and regions for the single board computer market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the single board computer market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
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FAQ
Q1. What is the single board computer market size?
Answer: The global single board computer market is expected to reach an estimated $3.6 billion by 2030.
Q2. What is the growth forecast for single board computer market?
Answer: The global single board computer market is expected to grow with a CAGR of 4.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the single board computer market?
Answer: The major drivers for this market are increasing use of IoT based technologies among industries, rising popularity for industrial automation and growing use of ARM processors in single-board computers.
Q4. What are the major segments for single board computer market?
Answer: The future of the single board computer market looks promising with opportunities in the industrial automation, aerospace & defense, consumer electronics, and healthcare sectors.
Q5. Who are the key single board computer market companies?
Answer: Some of the key single board computer companies are as follows:
• Aaeon Technology
• Adlink Technology
• Advantech
• Digi International
• Eurotech
• Intel
• Mercury SystemsInc
• Qualcomm
• Texas Instruments
• Xilinx
Q6. Which single board computer market segment will be the largest in future?
Answer: Lucintel forecasts that X86 is expected to witness the highest growth over the forecast period due to its various features, such as high scalability, multitasking support, quick data processing, and quick clock time generation.
Q7. In single board computer market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to rapid adoption of industrial automation and continuous expansion of biomanufacturing units in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the single board computer market by processor (ARM, X86, ATOM, and powerPC), end use industry (industrial automation, aerospace & defense, consumer electronics, healthcare, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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