Single Board Computer Market to be valued at over USD 2.9 billion by 2024 |

Single Board Computer Market to be valued at over USD 2.9 billion by 2024

Single Board Computer Market size was about USD 1.9 billion in 2015, and is expected to grow at 5% CAGR from 2016 to 2024 to cross USD 2.9 billion by 2024.

Continuous evolution of product design, trending IoT and increasing application demand are expected to drive the industry through 2024. Availability of SBCs in a wide range of standard form factors and miniaturization of technology will boost the demand for innovative devices in the industry. High level of flexibility, high computing power and reduced power consumption at low price point will be the key factors driving single board computer market share. Since they are available in a number of form factors, these products enable designers to create innovative applications and devices that benefit from considerably higher computing power. They are also capable of operating in specialized environments, such as in environmentally challenging embedded use cases.

Ubiquitous connectivity through IoT, Wi-Fi, Bluetooth Low Energy (BLE) have led to need for higher security. This has led to developments in the field of SBC trusted communication for ensuring easy integration in IT environments. ARM-based SoC (system on chip) with a broadened contact in to the x86 bracket, coupled with excellent interoperability, cost effective and low power consumption, have become a more applicable option than the traditional x86 based solutions. The consumer needs of SBC vary depending on the deployment environment, industry and application criteria generating demands for distinct designing needs. This may serve as a springboard for industry growth during the forecast timeframe.

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Digi International’s ConnetCore is an instance of SBC built for industrial applications with industrial durability standards of temperature and robustness. Specific embedded applications demand specific industrial standard of operations to be fulfilled, for durable and reliable working. Single board computer market size is majorly hampered by technological drawbacks. Application platforms cannot be scaled to replace with a latest processor as the whole system is integrated on single board. Typically, the processors are launched as computer-on-module products, consequently restricting the immediate application for a considerable time period. SBC customization is inhibited as the processor I/Os and CPU are fixed. Another drawback is its inefficient cooling method. These computers utilize the heat sinks on the top-side for cooling the processor which transfer heat to the surrounding air, limiting the temperature level for reliable operations. Furthermore, need for lengthy and complex regulatory approvals in the healthcare sector may hamper growth. Solutions to these drawbacks may provide viable opportunities to the manufacturers. Other growth factors include initiatives to refine the designs of devices such that the users may have access to updated software and hardware components at the outset.

Trending IoT can be advantageous to develop device cloud for developing products immediately and providing secured cloud enabled software platform to the users. On the basis of technology, the single board computer market share is segmented majorly into aTCA, compact PCI, VME, VPX, VXS and Mezzanine. aTCA is projected to dominate the industry through the forecast timeline, owing to its typical applications including control plane functions for LTE (Long Term Evolution) and WiMAX and next generation networks. Segmentation based on application includes medical, precision agriculture, military & aerospace, transportation, communications & networking, industrial automation & control, etc. Importance of innovation in the life science segment is an important parameter. Thus, key players are focusing on wireless connectivity, efficient designs and reliable operating system for consolidating their position in the industry.

U.S. single board computer market size will be driven by high adoption rates in the region. Asia Pacific is likely to be a high growth segment owing to its steady economic growth and increase in disposable income of users. Furthermore, the industry expects significant growth in countries such as China, Japan, India and Germany due to increasing automation. Key participants accounting for single board computer market share include VersaLogic Corp., Digi International, Wandboard, Advantech, Eurotech Group, Kontron, Adlink Technology, Advantech, Radisys, Mercury Systtems, Olimex, UDOO, Arbor Solutions, American Portwell, Logic and NETBurner. About Global Market Insights: Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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