As indicated by Acumen Research and Consulting, the global single board computer market size is evaluated to grow at CAGR around 12% over the estimate time frame. Rising adoption of the IoT technology, augment in the growth of wireless communication infrastructure, escalating demand of single board computer applications in ATM machines, continuous developments of electronic devices and growing demand for compact and cost effective products have boosted the growth of the global Single Board Computer market. The North America market is likely to grow at remarkable CAGR due to huge demand for these systems in IoT enabled networks and growing adoption of automation across various manufacturing sector. Product modernization and upgrade of research and development in the region are also expected to increase the growth of the regional market.
Industrial Automation is Also Anticipated to Witness a High Demand over the Forecast Period
On the basis of end-use, the single board computer market is segmented into aerospace & defense, industrial automation, medical, transportation and entertainment. Industrial automation segment is forecasted to dominate the global Single Board Computer market during the forecast period owing to the growing usage of single board computers in various industrial applications such as current water consumption and water flow, test and measurement and others. High demand for automated consumer electronics is offering immense growth opportunities to the single board computer market growth due to the growing penetration for variety of electronic devices such as tablets, mobile phones and gaming consoles. Growing popularity of consumer electronics integrated with single board computers amongst a number of end use industries is positively influencing the growth of the global single board computer market. Furthermore, Aerospace & defense applications segment is also anticipated to grow at significant pace throughout the forecast period due to the improved performance in SWaP oriented environments and increasing demand for high density communication. Additionally, single board computers support the channel transmission and reception for air data information for autopilot displays and also other flight associated controls on military and commercial aircrafts. Also rising integration of single board computer systems across the healthcare sector is also expected to boost the overall market growth during the estimated time frame. This growth is attributed to the growing usage of single board computers across various applications such as healthcare wearables, point of care devices and other medical devices.
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North America to Continue to Grow at Maximum Growth Rate during the Forecast Period
Geographically, the global single board computer market has been divided into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America is expected to accumulate highest market share in the global single board computer market. North America is expected to grow at ample growth rate over the forecast period owing to the huge demand for these systems in IoT enabled networks and growing adoption of automation across various manufacturing sector. Growth in the adoption of single board computer and ongoing technological advancements in the region are also supplementing the growth of the regional market. Rapid growth in the communication industry is the primary factor influencing the growth of the regional single board computer market. Rising initiatives taken by governments and growth in the modernization of the IT infrastructure are supplementing the overall market growth. Large numbers of small and large scale organizations from the region are rapidly investing in single board computer systems in order to offer compact and cost-effective products to the customers. Asia Pacific is also anticipated to growth at considerable pace during the forecast period owing to the rapid growth of electronics industry and ever-increasing government initiatives toward the automation and IoT in emerging economies.
Eurotech Group, Digi International, Mercury Systems and Advantech, Radisys are Likely to Continue to Lead the Global Single Board Computer Market
The single board computer market is consolidated with limited number of manufacturers. The company profiling of key players in the market includes company overview, major business strategies and revenues. The key players of the market are Mercury Systems, Eurotech Group, Digi International, Adlink Technology, UDOO, VersaLogic Corp., Advantech, Radisys, NET Burner and Olimex.
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