South America System on Module (SoM) Market

The System on Module (SoM) market in South America is expected to grow from US$ 65.52 million in 2022 to US$ 98.92 million by 2028. It is estimated to grow at a CAGR of 7.1% from 2022 to 2028. 

There is high uptake of the Internet of Things and embedded computers in industrial applications. The need for software-defined radio (SDR) in the automotive and transportation sectors, and the benefits associated with systems on modules, such as reduced cost, and greater stability and reliability, are propelling the market. Industrial technologies have led to the introduction of wireless connectivity technologies, smart sensors, and imaging solutions, enabling manufacturers to offer a “single chip with multiple cores” system to improve applications and boost reliability. Further, the growing demand for systems on modules in rugged embedded computers that are used in the aerospace & defense industry further boosting the market.

System on module integrates the volatile memory technologies, such as RAM and DRAM, and non-volatile flash memory of a processing subsystem on a single module, which are widely used for building end products using embedded platforms. Thus, the rising demand for embedded systems due to their computing performance and ultralow power consumption is driving the system on module market.

South America System on Module (SoM) Market Revenue and Forecast to 2028 (US$ Million)

South America System on Module (SoM) Strategic Insights

Strategic insights for the South America System on Module (SoM) provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

South America System on Module (SoM) Report Scope

South America System on Module (SoM) Regional Insights

The geographic scope of the South America System on Module (SoM) refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

South America System on Module (SoM) Market Segmentation

The South America system on module (SoM) market is segmented by component, hardware type, standard, application, and country. The market based on component is bifurcated into hardware and software. The hardware segment is dominating the market in 2022. Based on hardware type, the market is segmented into ARM, X86, Power, FPGA, GPU, DSP, and RISC-V. The ARM segment dominated the market in 2022. Based on standard, the market is segmented into Qseven, COMExpress, and SMARC. The Qseven segment dominated the market in 2022. Based on application, the market is segmented into industrial automation, entertainment, medical, transportation, test and measurement, video application, and others. The industrial automation segment dominated the market in 2022. Based on country, the market is segmented into Brazil, Argentina, and the Rest of South America. Further, Brazil dominated the market in 2022.

A few key players dominating the South America System on Module (SoM) market are Advantech Co. Ltd.; Axiomtek Co., Ltd.; Connect Tech Inc.; Emcraft Systems; Microchip Technology, Inc.; National Instruments Corporation; Segate Technology LLC; and SoMLabs.