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Single Board Computer Market | Acumen Research and Consulting

Single Board Computer Market Size - Global Industry, Share, Analysis, Trends and Forecast 2024 - 2032

Published : Sep 2024

Report ID: ARC1141

Pages : 250

Format : Single Board Computer Market Size - Global Industry, Share, Analysis, Trends and Forecast 2024 - 2032

Summary Table of Content Customization Download Sample Infographics

The Global Single Board Computer Market Size accounted for USD 2.5 Billion in 2023 and is estimated to achieve a market size of USD 4.6 Billion by 2032 growing at a CAGR of 7.4% from 2024 to 2032.

[By Component (Solution, and Service), By Processor (ARM, x86, Atom, and PowerPC), By End-use (Industrial Automation, Aerospace & Defense, Transportation, Medical, and Entertainment), By Application (Test & Measurement, Communication, Data Processing, and Research)]

Single Board Computer Market Highlights

  • The global single board computer market is projected to reach USD 4.6 billion by 2032, with a CAGR of 7.4% from 2024 to 2032
  • In 2023, North America accounted for approximately USD 925 million of the single board computer market value
  • The Asia-Pacific single board computer market is expected to grow at a CAGR of over 8% from 2024 to 2032
  • The ARM processor segment held a 40% market share in 2023
  • The industrial automation segment generated 33% of the single board computer market share in 2023
  • Enhanced processing power and energy efficiency in newer models is the single board computer market trend that fuels the industry demand

Single Board Computer Market Dynamics

The single board computer is developed by increasing the density of integrated circuits. A single board computer is created by combining all of the features on a single board. This configuration of the single board computer also lowers the system's overall cost by reducing the number of connectors and bus drivers and eliminating the need for circuit boards. The study analyzes the global single-board computer market 2023 as the base year. According to Acumen Research and Consulting, the worldwide single board computer market is predicted to develop at a CAGR of approximately 7.4% over the forecast period.

Global Single Board Computer Market Dynamics

Market Drivers

  • IoT expansion fuels SBC demand
  • Technological advancements in embedded systems
  • Growing DIY electronics and maker community

Market Restraints

  • Limited processing capabilities of SBCs
  • Compatibility issues across SBC platforms
  • Price sensitivity in target markets

Market Opportunities

  • AI and machine learning integration potential
  • Rising use in industrial automation and robotics
  • Educational sector demand for affordable computing

Single Board Computer Market Report Coverage

Market Single Board Computer Market
Single Board Computer Market Size 2022

USD 2.5 Billion

Single Board Computer Market Forecast 2032 USD 4.6 Billion
Single Board Computer Market CAGR During 2023 - 2032 7.4%
Single Board Computer Market Analysis Period 2020 - 2032
Single Board Computer Market Base Year
2022
Single Board Computer Market Forecast Data 2023 - 2032
Segments Covered By Component, By Processor, By End-Use, By Application, And By Geography
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled Olimex, UDOO, Eurotech Group, VersaLogic Corp., Mercury Systems, Advantech, Radisys, Digi International, NET Burner, and Adlink Technology.
Report Coverage
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis

Single Board Computer Market Insights

Rising adoption of IoT technology, expansion of wireless communication infrastructure, increasing demand for single board computer applications in ATM machines, continuous development of electronic devices, and growing demand for compact and cost-effective solutions are some of the fundamental factors driving global single board computer market growth. The increased usage of IoT technology and related devices is a primary driver of the single board computer market. The single board computer system allows for the simple integration of IoT components, hence demand for single board computers is fast expanding worldwide.

Consumer electronics integrated with single board computers are becoming increasingly popular in a variety of end use industries, which is positively impacting the worldwide single board computer industry. The rising demand for these single-board computers is driving overall market growth. Because of the increasing ubiquity of electronic devices like as tablets, mobile phones, and gaming consoles, there is a high demand for automated consumer electronics, which presents enormous growth potential for the single board computer market. Manufacturers are always working to make them more compact and cost effective, which will enhance demand in areas such as logistics, automotive, transportation, and hospitality.

Growing advancements in wireless communication infrastructure, continuous improvement in product design, and rising demand for single board computer applications in ATM machines, medical equipment, industrial computers, and automation equipment are among the key factors driving the global single board computer market. Big numbers of small and big size enterprises from the area are rapidly investing in single board computer systems to deliver compact and cost-effective products to clients, hence supporting the expansion of the worldwide single board computer market.

Single Board Computer Market Growth 2024 - 2032

Single Board Computer Market Segmentation

The worldwide market for single board computer is split based on component, processor, end-use, application, and geography.

Single Board Computer (SBC) Market By Component

  • Solution
    • VME
    • CPCI
    • VPX
    • xTCA
  • Service
    • System Integration
    • Customization
    • Aftersales

According to the single board computer industry analysis, the solution component is expected to lead the market because it offers ready-to-use options for various applications. These solutions come with pre-installed software and hardware that make it easy to start using them right away. This is especially useful for industries that want to save time and money on development. As a result, more companies are choosing these ready-made solutions, driving their growth in the market.

Single Board Computer (SBC) Market By Processor

  • ARM
  • X86
  • Atom
  • PowerPC

According to the single board computer industry analysis, the ARM processor is commonly utilized in market. ARM processors are popular in single-board computers because they are efficient and affordable. They balance good performance with low energy use, making them suitable for many small, portable devices. Their design supports various performance levels and software, adding to their versatility. This efficiency and cost-effectiveness makes ARM a common choice for SBCs.

Single Board Computer (SBC) Market By End-Use

  • Industrial Automation
  • Aerospace & Defense
  • Transportation
  • Medical
  • Entertainment
  • Others

According to the single board computer industry forecast, the industrial automation segment dominate the worldwide market during the projected period, owing to the increasing use of single board computers in various industrial applications such as current water consumption and flow, test and measurement, and so on. Because of the increasing ubiquity of electronic devices like as tablets, mobile phones, and gaming consoles, there is a high demand for automated consumer electronics, which presents enormous growth potential for the single board computer market. Consumer electronics integrated with single board computers are becoming increasingly popular in a variety of end use industries, which is positively impacting the worldwide single board computer industry.

Single Board Computer (SBC) Market By Application

  • Test & Measurement
  • Communication
  • Data Processing
  • Research

According to the single board computer market forecast, data processing is expected to become a most popular application. This is because SBCs are great for handling data and performing tasks efficiently in various devices and industries. The growth of the Internet of Things (IoT) and edge computing has increased the demand for single board computers in data processing. As technology advances, this trend is likely to continue.

Single Board Computer Market Regional Outlook

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • India
  • Japan
  • China
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

The Middle East & Africa

  • South Africa
  • GCC Countries
  • Rest of the Middle East & Africa (ME&A)

Single Board Computer Market Drivers

Single Board Computer Market Regional Analysis

For several reasons, North America leads the single board computer (SBC) market because it has many tech companies and strong infrastructure. For example, in June 2024, AlmaLinux, a Linux distribution compatible with Red Hat Enterprise Linux (RHEL), published a milestone version that included certified support for the Raspberry Pi 5 single-board computer for the first time. There's high demand from industries like automotive and healthcare, and a focus on new technologies like IoT and AI. The region also benefits from government support and skilled workers. These factors make SBCs popular and widely used in North America.

Asia-Pacific is leading the growth in the single board computer market because of its focus on new technology and innovation. Many industries there are using these computers for smart devices and automation. Government support and investments in tech startups are also helping. Region’s strong tech standards and emphasis on sustainability are driving this growth.

Single Board Computer Market Players

Some of the top single board computer companies offered in our report include Olimex, UDOO, Eurotech Group, VersaLogic Corp., Mercury Systems, Advantech, Radisys, Digi International, NET Burner, and Adlink Technology.

Frequently Asked Questions

How big is the single board computer market?

The single board computer market size was valued at USD 2.5 billion in 2023.

What is the CAGR of the global single board computer market from 2024 to 2032?

The CAGR of single board computer is 7.4% during the analysis period of 2024 to 2032.

Which are the key players in the single board computer market?

The key players operating in the global market are including Olimex, UDOO, Eurotech Group, VersaLogic Corp., Mercury Systems, Advantech, Radisys, Digi International, NET Burner, and Adlink Technology.

Which region dominated the global single board computer market share?

North America held the dominating position in single board computer industry during the analysis period of 2024 to 2032.

Which region registered fastest CAGR from 2024 to 2032?

Asia-Pacific region exhibited fastest growing CAGR for market of single board computer during the analysis period of 2024 to 2032.

What are the current trends and dynamics in the global single board computer industry?

The current trends and dynamics in the single board computer industry include IoT expansion fuels SBC demand, technological advancements in embedded systems, and growing DIY electronics and maker community.

Which processor held the maximum share in 2023?

The ARM held the maximum share of the single board computer industry.

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