According to the new research report on "System on Module (SoM) Market Forecast to 2028– COVID-19 Impact and Global Analysis," published by The Insight Partners, the market is expected to reach US$ 3,682.64 million by 2028, registering a CAGR of 9.2% from 2022 to 2028.

The system on module market in North America is segmented into the US, Canada, and Mexico. North America is the most technically advanced region owing to the presence of a well-established technology ecosystem, high acceptance of advanced technologies, the existence of favorable economic policies, and high GDP in countries such as the US and Canada. Further, technological advancements have led to highly competitive markets in the region. With the increasing customer demand for high-quality products and services, companies are continuously innovating to serve their customers in the best possible way, thus contributing towards the growt of system on module market.

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North America is renowned for high-quality industrial and consumer product manufacturing. Manufacturers in the region are highly focused on meeting the end user requirement by using advanced technologies, such as automation, to improve the production quality and optimize the overall manufacturing process. Moreover, the presence of global leading industrial automation companies such as ABB Ltd., Honeywell International, Rockwell Automation, and Emerson Electric Co. have their headquarters in the region. Many small and medium-sized manufacturing organizations focus on the adoption of advanced automation technologies.

North America is the global hub of the entertainment industry, which is known for the application of advanced technologies for producing and deploying content across various platforms. Moreover, the region has the second-largest gaming industry. Factors such as high GDP per capita and the presence of well-established gaming & e-sports sectors are among the factors contributing to the growth of the system on module market. Further, the region has a highly developed transportation sector, which is a prime consumer of solutions integrated with advanced technologies. Airports, railway stations, and bus stations across the region are equipped with automated ticketing systems, augmented reality-based navigation, check-in machines for luggage, and advanced PoS and kiosk systems. Meanwhile, the high adoption of advanced diagnosis and surgical equipment owing to the robust healthcare sector is further driving the system on module market in North America. The COVID-19 outbreak significantly impacted the market in 2020 due to the disrupted electronics & semiconductors supply chain.

Key Findings of Market Study:

Based on hardware type, the system on module market is segmented into ARM, x86, power, FPGA, GPU, DSP, and others. SoMs based on the ARM architecture are less complex than those based on x86 processors, thereby accelerating the adoption of ARM-based processors. The demand for ARM processors in system on module market is increasing as they are equipped with reduced instruction sets and support single-cycle computing. Leading manufacturers of ARM-based SOMs, such as Congatec AG, Digi International, Kontron, and ARM Holdings Corporation, are engaged in designing and developing ARM architecture, thereby contributing to the system on module market growth. The growing adoption of ARM architecture-based SoMs by small and medium-scale enterprises; rising demand for advanced aerial imaging technology by the various end user verticals; and increasing application of SoMs in various applications, including industrial automation, medical, entertainment, transportation, test and measurement, and communications, is anticipated to provide lucrative opportunities for the growth of the system on module market players during the forecast period.

Read Detailed Index of full Research Study at https://www.theinsightpartners.com/reports/system-on-module-som-market

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