The Asia Pacific system on module (SoM) market is expected to grow from US$ 591.45 million in 2021 to US$ 1,068.98 million by 2028; it is estimated to grow at a CAGR of 8.8% from 2021 to 2028.
A system on module (SoM) is a small-form-factor computing solution that consists of a hardware and software for developing embedded products. It is a single physical module that incorporates many computing components such as a central processing unit (CPU), random access memory (RAM), flash memory, power management unit, an Ethernet bus, and Wi-Fi and Bluetooth radios. This availability of hardware components as a single unit reduces the complexity of final product designs. The integration of system on module with ready-to-use operating systems, and integrated support for development environments, frameworks, and other third-party software are providing lucrative growth opportunities for industry participants. Many players in the system on module market are providing off-the-shelf carrier boards that can be used for development in a wide range of applications. Further, system on module benefit through reduced complexity while maintaining high flexibility in the form factor, further supporting the market growth.
The COVID-19 pandemic has forced governments, suppliers, and manufacturers in Asia Pacific to review their supply chain operations and identify gaps. To recover from the economic impact and modernize the regional semiconductor sector, most Asian nations increased their budgets of 2021. A few of the initiatives that are anticipated to drive the growth and agility in the Asia Pacific system on module manufacturing sector are investing in manufacturing flexibility to help drive future growth, focusing on profitable products and eliminate complexity, working closely with struggling suppliers, strengthening ties to customers, and rebuilding customer confidence. Major semiconductor suppliers, such as Taiwan Semiconductor Manufacturing and United Microelectronics, announced investment plans to increase production capacities of the semiconductor chips. China pledged to boost spending and drive research into cutting-edge chips as part of its new five-year economic blueprint. The Semiconductor Manufacturing International Corporation has already announced plans for a US$ 2.35 billion plant with funding from the government of Shenzhen. The Indian Government announced to offer around US$ 1 billion to every company that sets up a chip manufacturing unit in India, which is projected to boost the Asia Pacific system on module market growth in the coming years.
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Asia Pacific System on Module (SoM) Market Segmentation
- Asia Pacific System on Module (SoM) Market – By Processor Type
- ARM
- X86
- POWER
- FPGA
- GPU
- DSP
- Asia Pacific System on Module (SoM) Market – By Application
- Industrial Automation
- Entertainment
- Medical
- Transportation
- Test and Measurement
- Others
- Asia Pacific System on Module (SoM) Market – By Standard
- Qseven
- SMARC
- COMExpress
- Asia Pacific System on module (SoM) Market – By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific System on Module (SoM) Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. System on Module (SoM) Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Escalation of Embedded Computing Market
5.1.2 Rapid Usage of Industrial Automation
5.2 Market Restraints
5.2.1 Rising Complexities of Advanced Electronics Devices
5.3 Market Opportunities
5.3.1 Rise in Government Initiatives for Industrial Expansion in APAC
5.3.2 Development of New Products in ARM Architecture
5.4 Future Trends
5.4.1 Employment of Industrial Robots in Factories
5.5 Impact Analysis of Drivers and Restraints
6. System on Module (SoM) Market – Asia Pacific Analysis
6.1 System on Module (SoM) Market – Asia Pacific Revenue and Forecast to 2028 (US$ Million)
7. Asia Pacific System on Module (SoM) Market Analysis – By Processor Type
7.1 Overview
7.2 System on Module (SoM) Market, By Processor Type (2020 and 2028)
7.3 ARM
7.3.1 Overview
7.3.2 ARM: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
7.4 X86
7.4.1 Overview
7.4.2 X86: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Power
7.5.1 Overview
7.5.2 Power: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
7.6 FPGA
7.6.1 Overview
7.6.2 FPGA: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
7.7 GPU
7.7.1 Overview
7.7.2 GPU: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
7.8 DSP
7.8.1 Overview
7.8.2 DSP: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
8. Asia Pacific System on Module (SoM) Market – By Standard
8.1 Overview
8.2 System on Module (SoM) Market, By Standard (2020 and 2028)
8.3 Qseven
8.3.1 Overview
8.3.2 Qseven: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
8.4 COMExpress
8.4.1 Overview
8.4.2 COMExpress: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
8.5 SMARC
8.5.1 Overview
8.5.2 SMARC: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
9. Asia Pacific System on Module (SoM) Market – By Application
9.1 Overview
9.2 System on Module (SoM) Market, By Application (2020 and 2028)
9.3 Industrial Automation
9.3.1 Overview
9.3.2 Industrial Automation: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Entertainment
9.4.1 Overview
9.4.2 Entertainment: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Medical
9.5.1 Overview
9.5.2 Medical: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Transportation
9.6.1 Overview
9.6.2 Transportation: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Test and Measurement
9.7.1 Overview
9.7.2 Test and Measurement: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
9.8 Others
9.8.1 Overview
9.8.2 Others: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
10. Asia Pacific System on Module (SoM) Market – Country Analysis
10.1 APAC: System on Module (SoM) Market
10.1.1 APAC: System on Module (SoM) Market, by Key Country
10.1.1.1 Australia: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Australia: System on Module (SoM) Market, by Processor Type
10.1.1.1.2 Australia: System on Module (SoM) Market, by Standard
10.1.1.1.3 Australia: System on Module (SoM) Market, by Application
10.1.1.2 China: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 China: System on Module (SoM) Market, by Processor Type
10.1.1.2.2 China: System on Module (SoM) Market, by Standard
10.1.1.2.3 China: System on Module (SoM) Market, by Application
10.1.1.3 India: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 India: System on Module (SoM) Market, by Processor Type
10.1.1.3.2 India: System on Module (SoM) Market, by Standard
10.1.1.3.3 India: System on Module (SoM) Market, by Application
10.1.1.4 Japan: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Japan: System on Module (SoM) Market, by Processor Type
10.1.1.4.2 Japan: System on Module (SoM) Market, by Standard
10.1.1.4.3 Japan: System on Module (SoM) Market, by Application
10.1.1.5 South Korea: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 South Korea: System on Module (SoM) Market, by Processor Type
10.1.1.5.2 South Korea: System on Module (SoM) Market, by Standard
10.1.1.5.3 South Korea: System on Module (SoM) Market, by Application
10.1.1.6 Rest of APAC: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of APAC: System on Module (SoM) Market, by Processor Type
10.1.1.6.2 Rest of APAC: System on Module (SoM) Market, by Standard
10.1.1.6.3 Rest of APAC: System on Module (SoM) Market, by Application
11. Impact of COVID-19 Pandemic on Asia Pacific System on Module (SoM) Market
11.1 Impact of COVID-19 Pandemic on System on Module (SoM) Market: Regional Analysis
11.1.1 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
12.4 New Development
13. Company Profiles
13.1 Microchip Technology Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Advantech Co. Ltd.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 SoMLabs
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Axiomtek Co., Ltd.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Connect Tech Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 National Instruments Corporation
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 congatec GmbH
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 AAEON
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Emcraft Systems
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word IndexLIST OF TABLES
Table 1. Asia Pacific: System on Module (SoM) Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. Australia: System on Module (SoM) Market, by Processor Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: System on Module (SoM) Market, by Standard – Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia: System on Module (SoM) Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. China: System on Module (SoM) Market, by Processor Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. China: System on Module (SoM) Market, by Standard – Revenue and Forecast to 2028 (US$ Million)
Table 7. China: System on Module (SoM) Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. India: System on Module (SoM) Market, by Processor Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. India: System on Module (SoM) Market, by Standard – Revenue and Forecast to 2028 (US$ Million)
Table 10. India: System on Module (SoM) Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Japan: System on Module (SoM) Market, by Processor Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Japan: System on Module (SoM) Market, by Standard – Revenue and Forecast to 2028 (US$ Million)
Table 13. Japan: System on Module (SoM) Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. South Korea: System on Module (SoM) Market, by Processor Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. South Korea: System on Module (SoM) Market, by Standard – Revenue and Forecast to 2028 (US$ Million)
Table 16. South Korea: System on Module (SoM) Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of APAC: System on Module (SoM) Market, by Processor Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of APAC: System on Module (SoM) Market, by Standard – Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of APAC: System on Module (SoM) Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 20. List of AbbreviationLIST OF FIGURES
Figure 1. System on Module (SoM) Market Segmentation
Figure 2. System on Module (SoM) Market Segmentation – By Country
Figure 3. Asia Pacific System on Module (SoM) Market Overview
Figure 4. ARM Segment Held the Largest Market Share in 2020
Figure 5. Qseven Segment Held the Largest Market Share in 2020
Figure 6. Industrial Automation Segment Held the Largest Market Share in 2020
Figure 7. China was the Largest Revenue Contributor in 2020
Figure 8. Asia-Pacific – PEST Analysis
Figure 9. System on Module (SoM) Market– Ecosystem Analysis
Figure 10. Expert Opinions
Figure 11. System on Module (SoM) Market: Impact Analysis of Drivers and Restraints
Figure 12. Asia Pacific System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. System on Module (SoM) Market Revenue Share, by Processor Type (2020 and 2028)
Figure 14. ARM: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. X86: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Power: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. FPGA: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. GPU: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. DSP: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. System on Module (SoM) Market Revenue Share, By Standard (2020 and 2028)
Figure 21. Qseven: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. COMExpress: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. SMARC: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. System on Module (SoM) Market Revenue Share, By Application (2020 and 2028)
Figure 25. Industrial Automation: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Entertainment: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Medical: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Transportation: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Test and Measurement: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Others: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Asia Pacific: System on Module (SoM) Market, by Key Country – Revenue (2020) (USD Million)
Figure 32. APAC: System on Module (SoM) Market Revenue Share, by Key Country (2020 and 2028)
Figure 33. Australia: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. China: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. India: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Japan: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. South Korea: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Rest of APAC: System on Module (SoM) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. Impact of COVID-19 Pandemic in Asia Pacific Country Markets- Microchip Technology Inc.
- Advantech Co. Ltd.
- SoMLabs
- Axiomtek Co., Ltd.
- Connect Tech Inc.
- National Instruments Corporation
- congatec GmbH
- AAEON
- Emcraft Systems
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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