LOS ANGELES, Feb. 19, 2019 (GLOBE NEWSWIRE) -- The global Single Board Computer Market is forecasted to grow at a stable CAGR around 12% during the forecast period 2018 to 2026.
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According to the report named “Single Board Computer Market” - Global Industry Analysis, Growth, Share, Size, Trends and Forecast, 2018-2026”, rising adoption of the IoT technology, augment in the growth of wireless communication infrastructure, escalating demand of single board computer applications in ATM machines, continuous developments of electronic devices and growing demand for compact and cost effective products are some of the primary factors that are boosting the single board computer market growth globally. The single board computer is made by growing density of integrated circuits. Single Board Computer is obtained by integrating all the functionalities on a single board. This configuration of the single board computer also reduces the overall cost of the system by dropping number of connectors and bus drivers and eliminating the number of required circuit boards. North America is anticipated to witness the significant growth rate over the forecast period owing to the huge demand for these systems in IoT enabled networks and growing adoption of automation across various manufacturing sector.
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Increasing Adoption of the IoT Technology and Technological Advancements to Drive the Global Single Board Computer Market Growth
The growing adoption of the IoT technology and associated devices is major factor driving the growth of the single board computer market. Single board computer system enables the straightforward integration of IoT components; hence the demand for the single board computer is increasing rapidly across the globe. Single board computers consist of processors, memory, etc. for instance, Raspberry Pi-2 is a broadly used single board computer with the newly introduced advanced version of Raspberry Pi-3. Intel Edison, Intel Galileo and Arduino single board computer are the other popular single board computer systems. The high demand for these single board computers is augmenting the overall market growth. Constant improvements are being focused by manufacturers to make them progressively compact and cost effective and increase their demand across various industries such as logistics, automotive, transportation, and hospitality. Growing advancements in the wireless communication infrastructure, continuous improvement of product designing and escalating demand of single board computer applications in ATM machines, medical equipment, industrial computers and automation equipment are some of the fundamental factors boosting the growth of the global single board computer market. Standardized form factors and ease of availability of single board computers are anticipated to surge the demand for pioneering devices in the market. High flexibility, improved computing power, higher efficiency and reduced power consumption are the key factors to fuel the growth of the global single board computer market. Wi-Fi and connectivity via Bluetooth Low Energy (BLE) are some of the technological innovations in the field of Single Board Computer communication sector. The need of single board computer fluctuates depending on the application, environment and industries thereby increasing the demand for various designing needs.
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North America to Grow at Highest Rate in Single Board Computer Market
Geographically, the global single board computer market has been divided into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America is anticipated to contribute the highest revenue share and grow at significant CAGR during the forecast period owing to the growing focus toward modernizing IT infrastructure and ongoing technological advancements in the region. Huge demand for single board computer systems in IoT enabled networks and growing adoption of automation across various manufacturing sector are also expected to increase the growth of the regional market. Growing gross domestic product and acceptance of standard based systems, growth in the IT industry, growing GDP and rising technological advancements in the region are some of the factors responsible for the growth of the regional market. Asia Pacific is anticipated to witness the highest growth rate over the forecast period owing to the rapid growth of electronics industry and ever-increasing government initiatives toward the automation and IoT in emerging economies.
Market Players
The single Board Computer market is consolidated with limited number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. The key players of the market are Mercury Systems, Eurotech Group, Digi International, Adlink Technology, UDOO, VersaLogic Corp., Advantech, Radisys, NET Burner and Olimex.
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