BANGALORE, India, Nov. 3, 2020 /PRNewswire/ -- A new single Board Computer Market Research Report published on Valuates Reports in Computer & Electronics Category. The report contains segmentation by Processor (ARM, X86, ATOM, and PowerPC) and End Use (Industrial Automation, Aerospace & Defense, Consumer Electronics, Healthcare, and Others). It also covers Global Opportunity Analysis and Industry Forecast to 2027.
The global single board computer market size was valued at USD 2.86 billion in 2019 and is projected to reach USD 3.80 billion by 2027, registering a CAGR of 4.6% from 2020 to 2027.
On a circuit board with all the necessary characteristics, such as microprocessor, memory, and input/output, single board computers are installed. They are constructed from various types of microprocessors and are mostly designed to make use of static RAM and low cost 8-bit or 16-bit processors by computer hobbyists.
These have home computer applications, portable devices, usually gaming (slot machines and video poker), kiosks, and machine control automation to reduce the shape and size of these computers, such as notebooks.
TRENDS INFLUENCING THE SINGLE BOARD COMPUTER MARKET SIZE
The benefits of single-board computers over traditional computers are the major factors driving the influencing the growth of the global single board computer industry. The dynamic method of incorporating multiple components onto a single board, however, hampers market development.
Because of the design constraints and all the necessary components to be installed on a single board, there is a strong demand for single board computers in the aerospace & defense industry and robust embedded computers. This demand, in turn, is expected to increase the single board computer market size.
It is also expected that the rise in the usage of single-board computers in healthcare and consumer electronic equipment would provide lucrative opportunities for the growth of the single-board computer market during the forecast period.
The growth of the single-board computer market size is driven by the growing adoption of IoT technology and related products. These systems allow IoT components to be easily integrated and considered one of the most important IoT hardware that creates a huge demand.
The use of computers and smart technology in electronic devices has maximized the global single-board computer market's growth capacity. Technology advancements, such as artificial intelligence, have made the hardware more complicated and lightweight, requiring the use of a single circuit board in such computers. It can also be used in basic computers containing input and output functions, in addition to the complex structural implementation of single-board computers.
As there is a huge demand for these systems in IoT-enabled networks, North America dominates the single board computers market share. In implementing automation across the automotive sector and other business verticals, the U.S. is at the forefront. Increasing investments in the construction of smart cities would contribute further to the single-board computer market growth.
Due to the booming electronics industry, Asia Pacific will experience substantial growth in the single board computer market during the forecast period. The increasing demand for consumer electronics, such as smartphones, tablets and other devices, is increasing the growth of the single-board computer market size in the Asia-Pacific region. The arrival of many local suppliers on the market is expected to improve the market for single-board computers. Furthermore, the growing government funding in countries such as China and India for the adoption of automation and IoT would result in increased demand for these components.
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● Embedded Single Board Market Report
The demand for Embedded Single Boards in the Asia Pacific is expected to grow at maximum CAGR. The key countries in the Asia Pacific Embedded Board Market are Taiwan, Korea, Japan, and China.
The research report includes specific segments by Type and Application. Each type provides information about the production during the forecast period of 2015 to 2026. The application segment also provides consumption during the forecast period of 2015 to 2026. Understanding the segments helps in identifying the importance of different factors that aid market growth.
With the increase in production capacity, it is expected that the Printed Circuit Board raw material price will be stable in the short term. However, the improvement of energy, transportation costs, and labor costs will play a significant role in promoting the Printed Circuit Board's cost.
Companies are focusing on technological innovation, equipment upgrades, and process improvements to reduce costs and improve quality.
This report studies the Printed Circuit Board market status and outlook of global and major regions, from angles of manufacturers, regions, product types and end industries. The report analyzes the top manufacturers in global and major regions and splits the Printed Circuit Board market by product type and applications/end industries.
The PCB & PCBA market size was valued at 63400 Million US$ in 2018 and is projected to reach 81700 Million US$ by 2025, at a CAGR of 3.2% during the forecast period.
There are six major classifications of PCB & PCBA in this report, Rigid 1-2Sided, Standard Multilayer, HDI, IC Substrate, Flexible Circuits and Rigid Flex. In the global market, the output volume share of each type of PCB & PCBA is 23.59%, 38.56%, 8.30%, 6.80%, 16.43% and 2.38% in 2017.
● Korea Single Board Computer (SBC) Market Report:
This report studies the Single Board Computer (SBC) development status and future trend in Korea, focuses on top players in Korea, also splits Single Board Computer (SBC) by type and by Application, to fully and deeply research and reveal the general market situation and future forecast.
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