Single Board Computer Market to Reach $3.80 Billion, Globally, By 2027 at 4.6% CAGR: Allied Market Research

Single Board Computer Market to Reach $3.80 Billion, Globally, By 2027 at 4.6%
                         CAGR: Allied Market Research

  PR Newswire

  PORTLAND, Ore., Oct. 8, 2020

- Rise in demand for single board computer components in aerospace and defense
 and increase in need for industrial automation drive the growth of the single
board computer market

PORTLAND, Ore., Oct. 8, 2020 /PRNewswire/ -- Allied Market Research published
a report, titled,  " Single Board Computer Market By Processor (ARM, X86,
ATOM, and PowerPC) and End Use (Industrial Automation, Aerospace & Defense,
Consumer Electronics, Healthcare, and Others): Global Opportunity Analysis and
Industry Forecast, 2020-2027". According to the report, the global single
board computer industry was estimated at $2.86 billion in 2019, and is
anticipated to hit $3.80 billion by 2027, registering a CAGR of 4.6% from 2020
to 2027.

Drivers, Restraints and Opportunities

Rise in demand for single board computer components in aerospace and
defense and increase in need for industrial automation drive the growth of the
single board computer market. On the other hand, complex integration process
of advanced electronics devices curtails down the growth to some extent.
However, miniaturization of electronic devices is expected to create lucrative
opportunities for the key players in the industry.

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Covid-19 Scenario

  * The outbreak of Covid-19 has caused a mixed effect on the global single
    board computer market. With most organizations mandating 'work from home'
    all over the world, there's been a significant increase in the demand for
    these single board devices that have wide application in home computers,
    video pokers, slot machines, and many more.
  * At the same time, disruptions in the supply chain impacted the market
    negatively. Also, there's been a considerable decrease in demand for
    single board computer components from the aerospace industry. However,
    it's expected to recoup, in terms of revenue, post the pandemic.

The X86 Segment to Dominate By 2027

Based on product type, the X86 segment accounted for nearly half of the global
single board computer market revenue in 2019 and is expected to lead the trail
by the end of 2027, owing to its large manufacturing capacity and
compatibility with other applications. The ARM segment, on the other hand,
would portray the fastest CAGR of 5.1% throughout the forecast period, due to
increasing applications of single board computers in consumer electronics.

The Industrial Automation Segment to Maintain the Dominant Share

Based on end use, the industrial automation segment contributed to more than
two-fifths of the global single board computer market share in 2019 and is
anticipated to rule the roost till 2027. The same segment would also manifest
the fastest CAGR of 4.9% from 2020 to 2027. This is due to the digital
transformation of the manufacturing and the production processes in the major
industries across the world.

North America Garnered the Major Share in 2019

Based on geography, North America garnered the major share in 2019, holding
nearly two-fifths of the global single board computer market, due to
increasing applications of the single board computers in the aerospace and
defense sector. At the same time, the Asia-Pacific region would grow at the
fastest CAGR of 5.8% during the study period, owing to the presence of large
number of consumers in the province. Also, growing applications of industrial
automations have propelled the growth.

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Key Players in the Industry

  * Eurotech Group
  * Qualcomm Incorporated
  * Digi International Inc.
  * Mercury Systems Inc.
  * Intel Corporation
  * Xilinx Inc.
  * Advantech Co. Ltd.
  * Adlink Technology Inc.
  * Aaeon Technology Inc.
  * Texas Instruments Inc.

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