Single Board Computer Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
Global Single Board Computer Market: Snapshot
The latest research reports indicate that the global single board computer market will expand at the considerable growth rate of 4.6 % over the forecast period i.e. 2020 to 2027.
Furthermore, the studies also inform that the global single board computer market was evaluated at US$ 2.86 billion in the base year of the study, i.e. 2019.
It also projects that the global single board computer market will grow to hit the evaluation mark of US$ 3.80 billion by the end of the forecast period.
The products and solutions offered by the manufacturers and players functional in the global single board computer market are constructed on a circuit board that includes all the essential components such as input-output ports, memory, and microprocessors, among others.
Some of the major end use sectors that make usage of the products and solutions offered by the manufacturers and players include aerospace and defence, healthcare, industrial automation, and consumer electronics, among others.
The products and solutions in the global single board computer market can also be segmented by the type of processors, including X86, PowerPC, ARM, and ATOM, among others.
The increasing usage of the single board computers in various gaming systems, smart phones, and notebooks, is generating valuable cash grab opportunities within the global single board computer market.
The development and growth within the global single board computer market is also bolstered by the increasing usage of artificial intelligence as well as internet of things technologies in the industry.
Other significant drivers for the growth and development in the global single board computer market include advancements in various IT technologies as well as the increasing utilization of single board computers in consumer electronics as well as healthcare domains.
Furthermore, the increasing requirement for industrial automation is expected to fuel the demand in the global single board computer market in coming years.
Global Single Board Computer Market: Overview
A single board computer (SBC) is a computer type wherein all of the components – such as storage, memory, and microprocessor – are built on a single circuit board. An SBC is similar to any normal computer in terms of functions.
To make SBCs more cost-effective and compact, research and development activities are constantly underway. Due to their low price, SBCs are being extensively used as educational tools for the younger generation; they also find application in military and defense, automotive, aerospace, digital healthcare, digital logistics, intelligent systems, retail and hospitality, transportation, digital signage, and other embedded control subsystems.
Global Single Board Computer Market: Key Trends
Single board computers have carved a name for themselves in the healthcare sector. Major medical equipment have integrated SBCs that assist in providing reliable and capable healthcare solutions and services. Plus, medical electronic devices, customized medical monitoring systems, and fault tolerant wearable computers are making optimum usage of SBCs. The booming electronic goods industry is also dependent on SBCs. Mobile phones, gaming consoles, and tablets are well equipped with SBCs, thereby creating significant demand for them.
However, SBCs are not advanced enough to operate on various processors available in the market. Also, when compared to technologically advanced desktops and laptops, the processing power of single board computers falls short.
Global Single Board Computer Market: Market Potential
To be ahead in the game, several manufacturers are constantly working on remodeling of SBCs. The current processors are highly flexible and are efficient enough to be integrated with several new technologies. The x86-based single board computer is gaining traction due to features such as faster processing and better power saving capabilities, making it suitable for harsh industrial environments. Lately, Udoo x86 SBC was integrated with Intel’s Curie module, which includes a Bluetooth Low Energy radio.
The very affordable and continuously growing Raspberry Pi single-board computers have recently released a new addition to mark their fifth anniversary. The Raspberry Pi Zero W is similar to its predecessor, the Raspberry Pi Zero, except that it comes with Bluetooth capabilities and wireless LAN and is reasonably priced at US$10.
With features such as 512 MB RAM, 1 GHz single-core CPU, and a HAT-compatible 40-pin header, the Raspberry Pi Zero W remains more or less the same. Micro-USB On-The-Go and Mini-HDMI ports, reset headers, composite video, and a CSI camera connector are still present in the latest edition. All are made accessible through an official injection-molded case designed by Kinneir Dufort and T-Zero.
Global Single Board Computer Market: Regional Outlook
High adoption rate of SBCs is the primary driver for the growth of the market in the U.S. The market in this country is pegged to grow over the years owing to increasing gross domestic product and adoption of standard-based systems and its development in application segments such as medical, energy, and transportation.
Due to the presence of large-scale local manufacturers such as Shenzhen Leadsin Technology Co. Ltd, and Lenovator Co., Limited, Asia Pacific is bound to grow during the forecast period. In addition, this regional market is expected to prosper with the growing demand for SBCs across numerous applications, coupled with rising investments in the automation industry, increasing disposable incomes, and stable economic growth.
Global Single Board Computer Market: Competitive Analysis
Some of the leading players operating in the global single board computer market are Advantech, NETBurner, Wandboard, Eurotech Group, Adlink Technology, Mercury Systems, UDOO, Olimex, American Portwell, VersaLogic Corp., Arbor Solutions, Logic, Radisys, Digi International, Kontron, and Advantech.
There are numerous SBC manufacturers operating in the industry. Established as well as new entrants are laying emphasis on reducing prices, providing application-specific customized devices, and expansion of seamless connectivity. Technological developments such as effective designs in applications including healthcare are quite prevalent in the SBCs market. Industry participants are also offering rational measures to curb pollution and environmental degradation.
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