Global Single Board Computer Market Forecast 2023-2032: Estimated Market Size And Growth Rate
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
According to The Business Research Company’s Single Board Computer Global Market Report 2023, The global single board computer market is expected to grow from 2.54 billion in 2022 to 2.72 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The single-board computer market is expected to reach 3.43 billion in 2027 at a CAGR of 6%.
North America held the largest single board computer market share, and Europe was the fastest-growing region in 2022.
Single Board Computer Market Driver
The increasing industrial automation is expected to propel the growth of the single-board computer market going forward. Industrial automation refers to the automation and optimization of manufacturing processes, production activities, and industrial processes using technology, equipment, and control systems. Single-board computers (SBCs) play a crucial role in industrial automation due to their compact size, low power consumption, and the ability to provide computing capabilities in various applications like programmable logic controllers (PLCs), data acquisition, and processing. For instance, in October 2021, according to the International Federation of Robotics, a Germany-based non-profit organization, there were 23,000 industrial robots operating in UK factories in 2021, an increase of 6% from the previous year. Therefore, increasing industrial automation is driving the growth of the single-board computer market.
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Key Single Board Computer Market Segments
The global single board computer market is segmented –
1) By Component: Solution, Service
2) By Processor: ARM (Advanced RISC Machine), X86 (80×86), Atom, PowerPC (Performance Optimization With Enhanced RISC – Performance Computing)
3) By End User: Industrial Automation, Aerospace & Defense, Consumer Electronics, Healthcare, Other End Users
Single Board Computer Market Prominent Players
Major players in the single-board computer market are Siemens AG, General Electric Company, Intel Corporation, Qualcomm Incorporated, Fujitsu Ltd., Hewlett Packard Enterprise Company, Nvidia Corporation, Texas Instruments Incorporated, Advantech Co Ltd., Kontron AG, Mercury Systems Inc., Digi International Inc., Adlink Technology Inc., Aaeon Technology Inc., SECO S.p.A., Radisys Corporation, American Portwell Technology Inc., VersaLogic Corporation, Eurotech Group plc, WinSystems Inc., NETBurner Inc., Connect Tech Inc., Olimex Ltd., Xilinx Inc., and Arbor Solutions Inc.
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Prominent Single Board Computer Market Trend
Product innovation is a key trend gaining popularity in the single-board computer market. Major companies operating in the single-board computer market are developing innovative products with advanced features to strengthen their position in the market. For instance, in June 2023, DFRobot, a China-based open-source hardware provider, introduced UNIHIKER, which combines the power of a traditional Linux-based SBC with a microcontroller. It is a new category of single-board computer equipped with a display and a RISC-V MCU. UNIHIKER is a user-friendly and versatile single-board computer that offers a brand-new experience for developers and makers alike. It combines the power of a traditional Linux-based single-board computer with the convenience of a microcontroller and Internet of Things (IoT) capabilities, making it an ideal platform for learning and coding.
The Single Board Computer Global Market Report 2023 provides comprehensive insights on the single board computer market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the single board computer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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