Computer on Module Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

Market Scenario 

Global computer on module market is poised for substantial growth over the forecast period of 2023-2030, with revenue estimated to rise from US$ 1,338.7 million in 2022 to US$ 2,147.5 million by 2030, at a CAGR of 5.7%.

This growth is driven by the increasing demand for embedded computing solutions, which provide a consistent and cost-effective platform for various industries. The computer-on-module is equipped with essential components like RAM, ethernet, input/output controllers, flash memory, and a microprocessor, making it an ideal solution for industrial automation systems, aerospace & defense, consumer electronics, automotive, and healthcare industries.

The rising need for industrial automation is a significant driver of the computer-on-module market, particularly across process control and discrete manufacturing. Additionally, the increasing adoption of automation in the aerospace & defense industry is driving demand for the technology. Furthermore, the adoption of industrial robots is driving demand for the computer-on-module, which enhances the robots' efficiency and capabilities to execute tasks at factories.

However, the market faces challenges in complex designing, as the focus is on incorporating multiple functionalities in a module form. Nonetheless, the growth prospects of the computer-on-module market are significant, driven by the demand for embedded computing solutions across various industries.

Market Dynamics 

Drivers

Increasing Demand for Connected Cars

With the growing emphasis on safety and efficiency, the demand for connected cars is increasing at a rapid pace. These vehicles rely on computer modules to monitor and control various functions, including entertainment systems, navigation, and safety features. Computer modules help to process and analyze data from different sensors and systems in real-time, providing drivers with the information they need to make informed decisions. As a result, the rising adoption of connected car technologies is driving the demand for computer modules in the automotive industry.

Moreover, the increasing integration of advanced driver-assistance systems (ADAS) and autonomous driving technologies in cars is expected to further fuel the demand for computer modules. ADAS features such as lane departure warnings, adaptive cruise control, and collision avoidance systems rely on computer modules to process and analyze data from various sensors to provide a safe driving experience. Similarly, autonomous driving technologies require advanced computer modules to control and monitor the vehicle's operations.

Growth in the IoT Industry

The Internet of Things (IoT) has revolutionized the way we interact with technology, and it is expected to have a significant impact on the computer module market as well. IoT devices such as smart homes, wearable devices, and industrial sensors are proliferating at a rapid pace, and they rely on computer modules to process and transmit data. As the adoption of IoT devices continues to grow, the demand for computer modules is expected to increase significantly.

The proliferation of smart homes, for instance, has led to the development of a wide range of devices such as smart locks, thermostats, and security systems that rely on computer modules. Similarly, wearable devices such as smartwatches and fitness trackers require computer modules to process and transmit data, providing users with real-time information about their health and fitness.

Restraints

High Product Costs 

The high costs associated with the production of computer modules are a significant restraint for the global computer module market. The manufacturing process for computer modules is complex and requires specialized knowledge and equipment, which results in high production costs. The costs associated with research and development, as well as testing and certification, can also be significant, making it challenging for smaller companies to enter the market.

Moreover, the high costs associated with computer modules are often passed on to consumers, which can limit the adoption of these devices in certain markets. For instance, the high cost of computer modules may be a deterrent for price-sensitive consumers or emerging markets with low purchasing power.

Technical Complexity

The technical complexity of computer modules is another significant restraint for the global computer module market. Computer modules require specialized knowledge and skills to design, manufacture, and install, which can limit the number of companies that can enter the market. Additionally, the rapid pace of technological change in the industry requires continuous innovation and investment in research and development, which can be a challenge for smaller companies with limited resources.

Furthermore, the integration of computer modules into existing systems and devices can be a complex and challenging process. The compatibility of computer modules with other systems and devices, as well as the potential for software and hardware conflicts, can be a significant challenge for companies looking to integrate these devices into their products. This complexity can limit the adoption of computer modules in certain industries, such as healthcare and aerospace, where reliability and safety are critical factors.

Segmental Analysis 

ARM Processor Segment Holds Largest Revenue Share in the Global Computer on Module Market 

Based on processor, the market is segmented into ARM, X86, and PowerPC. In 2022, the ARM segment held the highest market share due to the prevalence of ARM architecture in the market. ARM Holdings Corporation, the designer of ARM architecture, provides a license to various market players to build their processors. This has led to the proliferation of ARM-based system-on-chips from leading manufacturers such as Congatec AG, Digi International, and Kontron.

Qseven to Grow at the Fastest CAGR in the Global Computer on Module Market

Based on form factor, the market is segmented based on Com Express, SMARC, Qseven, and ETX Module.

In 2022, Com Express held the highest share, but the Qseven segment is expected to grow fastest during the forecast period. Qseven is an off-the-shelf, multi-vendor, Computer-On-Module that integrates all the core components of a common PC and is mounted onto an application-specific carrier board. Qseven modules have a standardized form factor of 70mm x 70mm or 40mm x 70mm and have specified pinouts based on the high-speed MXM system connector

Industrial Automation Holds Highest Share Across Industry Verticals of the Global Computer on Module Market

In terms of industry vertical, the market is segmented into industrial automation, aerospace & defense, consumer electronics, automotive, healthcare and others. Industrial automation application segment held for the highest market share in 2022.The proliferation of industrial robots in the manufacturing sector is contributing to the adoption of Computer on Module (CoM) in industrial automation. CoM improves processing, machine operations and communications among factory equipment and industrial robots, accelerating market growth.

Asia Pacific has the highest CAGR in the Global Computer on Module Market

North America currently holds the largest share of the Global Computer on Module Market. However, the Asia Pacific region is expected to have the highest CAGR during the forecast period. The region is one of the leading consumer electronics manufacturers in the global marketplace, and the growing demand for consumer electronics applications is expected to further enhance the market size. Moreover, growing government support towards the adoption of automation and IoT in India and China, among other countries, is propelling the demand for computer-on-module systems.

In addition to the factors mentioned, several other developments in the Asia Pacific region are contributing to the growth of the Computer on Module (CoM) market. For instance, the increasing trend of Industry 4.0, which emphasizes the use of advanced technologies in manufacturing processes, is driving the demand for CoM solutions in the region. Many countries in the region are investing in automation and smart factory initiatives to improve their productivity and competitiveness, which is further driving the demand for CoM solutions.

Furthermore, the Asia Pacific region is witnessing significant growth in the automotive sector, which is driving the demand for CoM solutions. The region is home to several major automotive manufacturers, and the increasing demand for advanced driver assistance systems (ADAS) and infotainment systems is driving the adoption of CoM solutions in the automotive industry.

The healthcare sector in the region is also witnessing significant growth, with an increasing focus on telemedicine and remote patient monitoring. CoM solutions are increasingly being used in these applications to provide reliable and efficient computing capabilities.

Competitive Landscape

The global computer on module market is highly competitive and comprises several key players such as Kontron Europe GmbH, Eurotech Group, Congatec AG, Advantech Co. Ltd, Adlink Technology Inc., and Aaeon Technology Inc. among others. 

These companies are focusing on developing new products and expanding their geographical presence to strengthen their market position. Through extensive research, it has been observed that key players have also adopted various competitive strategies such as mergers, acquisitions, partnerships, and collaborations to gain a competitive edge in the market. These strategies are aimed at expanding their product portfolio, enhancing their technological capabilities, and increasing their customer base, which will help them to sustain in the global market and capitalize on the emerging growth opportunities.

List of Key Companies Profiled:

• Aaeon Technology Inc.
• Adlink Technology Inc.
• Advantech Co. Ltd
• Alcom electronics
• Compulab Ltd.
• Congatec AG
• Eurotech S.p.A.
• Intel Corporation
• IPC2U Group
• Ka-Ro electronics GmbH
• Kontron Europe GmbH
• SECO S.p.a.
• SMART Global Holdings, Inc.
• Texas Instruments Inc.
• Variscite
• Other Prominent Players

Segmentation Overview 

Following are the different segments of the Global Computer on Module Market:

By Processor segment of the Global Computer on Module Market is sub-segmented into:

• ARM
• X86
• PowerPC

By Form Factor segment of the Global Computer on Module Market is sub-segmented into:

• Com Express
• SMARC
• Qseven
• ETX Module

By Industry Vertical segment of the Global Computer on Module Market is sub-segmented into:

• Industrial Automation
• Aerospace & Defense
• Consumer Electronics
• Healthcare
• Automotive

By Region segment of the Global Computer on Module Market is sub-segmented into:

• North America
  • The U.S.
  • Canada
  • Mexico
•  Europe
  • The UK
  • Germany
  • France
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • ASEAN
  • Rest of Asia Pacific
• Middle East & Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA
• South America
  • Brazil
  • Argentina
  • Rest of South America