Ubiquitous connectivity through Internet of things (IoT) has led to the advancements of single board computer (SBC) market, ensuring a smooth integration with the IT world. Continuous evolution in product design, high flexibility level, and increasing application arenas are positively influencing the manufacturers to invest more in IoT-based platforms. For instance, Raspberry Pi has recently launched their new model of single board computer named ‘Raspberry Pi Zero W’ for wireless communication featured with Bluetooth and Wi-fi capabilities. This front-page news has captivated SBC industry globally. As per Global Market Insights, Inc., ”Single board computer industry worth over USD 440 million in 2015, is poised to exhibit a striking growth rate of 12.5% over the period 2016-2024.
ARM based single board computer market accounting for 40% of the total volume, dominated the global market in 2015.The massive adoption of ARM based single board computers can be credited to its features such as cost effectivity, low power consumption, and multi-core processing. On the other hand, traditional x86 single board computers are also witnessing heavy demand owing to the processor’s flexibility to incorporate upcoming technologies. For example, Intel has recently integrated Udoo x86 with Curie model, that includes Bluetooth low energy radio.
U.S. single board computer market size, by technology, 2013-2024 (USD Million)
The reliability, power efficiency, and versatility of single board computers has prompted designers to innovate products that will be used in applications requiring comparatively higher computing power. SBC market is witnessing a strong presence in industrial sectors. These embedded computers are used in rackmount format for interfacing and process control. Owing to its high-level of integration, single board computers are compact, power efficient, and lighter compared to traditional multi-board systems.
Industrial automation applications will record an upswing in the coming years with an estimated significant annual growth rate of more than 14% over the period 2015-2024.
With the advancement in health care IT, medical space is also actively partaking in single board computer market. From monitoring critical patients in hospitals to personalized health care diagnosis, SBCs are incorporated in a wide range of medical devices. These super-efficient embedded computers are also capable of accessing, analyzing, and storing vital information regarding critical patient treatment.
Surging demand across consumer electronics such as tablets, android phones, video games will also provide ample opportunities for single board computer industry to prosper globally.
The global market trend being highly consumer driven, customization services in SBC market is expected to provide massive growth prospect over the coming timeframe. It is estimated that customization services will grow significantly at a CAGR of 12% over the period 2016-2024. As customized solutions provide high degree of flexibility, these services will observe high demand from aerospace, industrial automation, and defense sectors.
Single board computer industry from system integration service dominated the overall market in terms of revenue share. It accounted for over 45% of the total volume in 2015. This robust growth can be credited to the large-scale incorporation of enhanced devices across various applications.
Based on the technological trends, VME technology based single board computer market is slated to grow lucratively at an annual growth rate of more than 10% over the coming seven years. VME based SBCs are also widely adopted in military and defense application.
CompactPCI (cPCI) technology also contributed considerably with a revenue share of 25% of the total market in 2015 and is poised to expand more over the forecast span.
The geographical analysis of the single board computer market forecasts U.S. and China to be the major revenue contributors in the upcoming years.
China SBC industry is forecast to chart a whooping annual growth rate of 18% over 2016-2024. Increasing prominence of IoT technology is enabling China market to depend more on SBCs for various application. U.S. market, which accounted for 40% of single board computer market, led the overall industry in 2015. The presence of major market players such as Allied Electronics and Advantech in the region coupled with strong demand from military and aerospace sector is propelling the regional market.
SBC industry is highly competitive owing to the presence of numerous manufactures. Key market participants are focusing more on providing application oriented customized services to maintain a competitive edge over the other.
Some of the noticeable players influencing the overall single board computer market include VersaLogic Corp., Digi International, Wandboard, Advantech, Eurotech Group, Kontron, and Adlink Technology.