Single Board Computer Market

The Global Single Board Computer Market had a value of $2.86 billion in 2019 and is estimated to reach $3.80 billion by 2030, demonstrating a Compound Annual Growth Rate (CAGR) of 4.6% from 2023 to 2030. Single board computers are circuit boards that incorporate essential features such as microprocessors, memory, and input/output capabilities. They are constructed using various types of microprocessors and are often designed by computer enthusiasts to utilize low-cost 8-bit or 16-bit processors and static RAM. These computers find applications in home computers, portable devices, particularly gaming devices like slot machines and video poker, kiosks, and machine control automation to minimize the size and shape of these computers, such as in notebooks.

The utilization of single board computers in notebooks, smartphones, and gaming systems is on the rise due to the growth of the single board computer market and the emergence of technologies like the Internet of Things (IoT). Consequently, the incorporation of computers and smart technology in electronic devices has significantly increased the growth potential of the global single board computer market. Technological advancements, such as artificial intelligence, have made hardware more intricate and compact, necessitating the use of single board circuits in such computers. Furthermore, besides complex applications, single board computers can also be employed in simple computers that primarily handle input and output functions.

The global single board computer market size is assessed based on the type of processor, end-use industries, and regions. In terms of processors, the market is classified into ARM, X86, ATOM, and PowerPC. Based on end-use industries, it is segmented into industrial automation, aerospace & defense, consumer electronics, healthcare, and others. The single board computer market is analyzed across North America, Europe, Asia-Pacific, and LAMEA regions, along with their prominent countries.

The report profiles the prominent market leaders in the single board computer market, including Advantech Co. Ltd., Eurotech Group, Digi International Inc., Aaeon Technology Inc., Mercury Systems Inc., Intel Corporation, Adlink Technology Inc., Texas Instruments Inc., Xilinx Inc., and Qualcomm Incorporated. These market players have implemented various strategies such as product development, business expansion, joint ventures, collaborations, investments, and acquisitions to strengthen their position in the single board computer market.

The outbreak of the COVID-19 pandemic has had significant repercussions. It has led to uncertainty in the stock market, disrupted supply chains, reduced business confidence, and caused panic among customer segments. The overall impact of the pandemic has affected the production processes of multiple industries, including the semiconductor and electronics industry. Trade barriers have further constrained the demand and supply outlook. Governments in various countries have imposed total lockdowns and temporarily closed down industries, which have had adverse effects on overall production.

COVID-19 has had a profound impact on end-use industries and the economy as a whole. Temporary shutdowns of electronics manufacturing hubs have been implemented to curb the spread of the virus. This has significantly affected the supply chain of the single board computer industry, resulting in component and finished goods shortages. The lack of business continuity has caused substantial negative impacts on shareholder returns and revenue, leading to potential financial disruptions in the single board computer market.

The global economy has been significantly impacted by the COVID-19 pandemic, particularly in the manufacturing industry. Many electronic components, such as PCBs, LED chips & wafers, ICs, and other semiconductor devices, are predominantly imported from China. The shutdown of manufacturing units has resulted in a shortage of supplies, leading to a 2-3% increase in prices of semiconductor components. However, it is anticipated that by the end of 2023, the single board computer industry will resume its supply chain operations.

Key Influencing Factors
Several crucial factors affect the growth of the global single board computer market. One of these factors is the advantages offered by single board computers over conventional ones. There is a strong demand for single board computers in industries like aerospace & defense and rugged embedded computers, as they allow for the integration of necessary components on a single board, overcoming design constraints. However, the complex process of integrating multiple components onto a single board poses a challenge to market growth. Additionally, the increased use of single board computers in healthcare and consumer electronics equipment presents lucrative opportunities for market expansion during the forecast period.

Rising Demand for Industrial Automation
Single board computers play a vital role in industrial automation, particularly in process control and discrete manufacturing within production facilities. Industrial automation employs control systems, including robots and Internet of Things (IoT) technology, to manage various machinery and processes. These robots and IoT systems rely on single board computers to deliver high accuracy, precision, and improved performance in manufacturing processes.

Challenges of Integrating Advanced Electronic Devices
The single board computer market focuses on incorporating multiple functionalities into a single board, which entails complex design processes. Designing complex devices requires robust methodologies, skillsets, and diverse toolsets for integration, resulting in additional costs. As new innovative technologies emerge, there is a growing demand for devices with more functionalities, leading to increasingly complex systems. Moreover, integrating multiple components into a single device is challenging due to different operating modes, functionalities, and operating voltages. Consequently, this factor poses a restraint to market growth.

Key Benefits For Stakeholders
• This analysis provides a comprehensive overview of the single board computer market, including its market share, current trends, and future projections, enabling the identification of potential investment opportunities.
• The report examines the key drivers, restraints, and opportunities in the single board computer market, offering valuable insights for market analysis.
• The financial performance of the single board computer market is quantitatively assessed from 2019 to 2030, emphasizing its economic viability.
• Porter's five forces analysis is employed to assess the bargaining power of buyers and suppliers within the industry.