Insights and Forecast 2027 Research Report
The global single board computer (SBC) market will enter the billion dollar cosmos by 2027, the aerospace and defense sector will become a key growth axis for the entire industry.
The rapid increase in the adoption rate of advanced semiconductors is expected to create substantial growth opportunities for SBC market players in the coming years. The versatility and significant reliability factor of single board computing systems are among the primary determinants of the exhilarating growth market. Driven by the remarkable momentum of the digital age, companies across multiple industries have started investing heavily in the research and development of innovative new technologies such as machine automation, the Internet of Things (IoT), and technology. industrial robotics and take advantage of these technologies to further improve their industrial and manufacturing performance.
The processors typically used in the SBC industry are based on unique architectures including Intel x86, ARM and other custom architectures which are capable of delivering an extremely high level of performance with clock frequencies of 1.2 GHz. and more. These capabilities, coupled with the relatively low cost of SBCs available in the market today, are expected to significantly increase SBC sales in the years to come.
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SBC Market | Impact of the ever-increasing computing power of SBCs
According to a Future Generation Computer Systems report from a group of leading UK universities, SBCs have now grown powerful enough to run a standard operating system as well as mainstream workloads without a hitch. In addition, several of these boards can be linked together to build small, low-cost clusters capable of replicating the functionality of large data centers.
This capability can be implemented to enable new on-board and fog computing applications, allowing the SBC market to accumulate significant revenue in the years to come. In fact, according to a 2018 Microsoft Research report, more than 40% of large companies around the world are expected to incorporate advanced computing principles into their respective projects by 2021, a significantly higher adoption rate than the 1% of 2017.
SBC Market | Impact of the growing integration of SBCs in the healthcare IT industry
The healthcare IT industry, an extremely dynamic and multifaceted business space, offers the opportunity to influence patient care, delivery, costs as well as the efficiency of the global healthcare market. Indeed, the healthcare IT sector is characterized by a range of products and services designed to improve and coordinate patient care, recognize rising healthcare costs and, through technology, counter the long-term burden. term created by disease. This has consequently led this industry to witness an increased rate of adoption of advanced semiconductors, which creates significant growth opportunities for the SBC market.
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The important characteristics of SBCs, such as reliability, power and versatility, make them ideal for use in medical surveillance systems, fault tolerant laptops and medical electronics, thus propelling the growth of the SBC market. from medical applications.
The International Trade Administration estimates that by 2020, medical device manufacturing companies will increase their research and development (R&D) budgets by up to 3%, while the rest of the industry will increase its limits by more than 5%. expenses for these items. thus supporting the growth of the global SBC market.
SBC Market | Impact of the expansion of the aerospace and defense sector
The global SBC market is expected to reap substantial gains from aerospace and defense applications in the coming years mainly due to the increasing automation demands of this industry. The military sector is increasingly using SBCs such as Raspberry Pi in the development of their surveillance robots, which are IoT-powered systems that allow the defense and military sectors to secure the border or the camp area through vehicles controlled automatically or manually which are directed remotely On the internet.
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For example, SBCs can be used to develop multisensory devices that detect unnatural activity at the border, notify relevant authorities, and even receive further instructions regarding the problem at hand. Due to the tremendous potential of the device, the SBC market share of aerospace and defense applications is expected to grow at an impressive CAGR of 13% in 2019-2025.
The aforementioned trends quite openly demonstrate that the global SBC market is expected to grow exponentially in the years 2019-2025. According to a research report by Global Market Insights, Inc., the overall SBC market size is expected to exceed $ 1 billion by 2025.
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