China System on Module Market, By Application
| Label | Industrial Automation | Medical | Entertainment | Transportation | Test & Measurement | Others |
|---|---|---|---|---|---|---|
| 2018 | 81.7 USD Mn | 50.5 USD Mn | 19.7 USD Mn | 10.3 USD Mn | 15.8 USD Mn | 2 USD Mn |
| 2019 | 92.9 USD Mn | 57.7 USD Mn | 21.4 USD Mn | 11 USD Mn | 17.6 USD Mn | 2.5 USD Mn |
| 2020 | 95.8 USD Mn | 59.9 USD Mn | 21.1 USD Mn | 10.8 USD Mn | 17.8 USD Mn | 2.8 USD Mn |
| 2021 | 100.1 USD Mn | 62.8 USD Mn | 21.1 USD Mn | 10.6 USD Mn | 18.2 USD Mn | 3 USD Mn |
| 2022 | 107.5 USD Mn | 67.8 USD Mn | 21.6 USD Mn | 10.8 USD Mn | 19.2 USD Mn | 3.2 USD Mn |
| 2023 | 118.7 USD Mn | 75.2 USD Mn | 22.8 USD Mn | 11.3 USD Mn | 20.8 USD Mn | 3.5 USD Mn |
| 2024 | 134.6 USD Mn | 85.8 USD Mn | 24.7 USD Mn | 12.1 USD Mn | 23.1 USD Mn | 3.8 USD Mn |
| 2025 | 156.7 USD Mn | 100.4 USD Mn | 27.5 USD Mn | 13.3 USD Mn | 26.4 USD Mn | 4.1 USD Mn |
| 2026 | 188 USD Mn | 120.2 USD Mn | 31.3 USD Mn | 15 USD Mn | 30.8 USD Mn | 3.1 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
China System on Module (SoM) market is gaining significant traction in recent years due to the rise in demand for advanced computing systems and minimalistic designs. A SoM, also known as a Computer on Module (CoM), is an integrated hardware and software solution that comprises a processing unit, memory, and other essential components. It provides a ready-to-use platform for the development of complex embedded systems and is widely used in industries such as healthcare, industrial automation, consumer electronics, and automotive. One of the major applications of SoM in China is in the healthcare sector. With the growing population and increasing healthcare needs, there is a rising demand for advanced medical devices such as portable medical equipment and patient monitoring systems. SoM offers a compact and efficient solution for developing these devices, with its compact size and low power consumption. Moreover, the government's initiatives to improve the healthcare infrastructure in the country are also contributing to the growth of SoM market in this sector. Another crucial application of SoM in China is in the industrial automation sector. As more and more companies are moving towards automation and digitalization, the demand for advanced computing systems has increased.
SoM offers a flexible and customizable solution for developing industrial control systems, robots, and smart factories. Its compact size allows for easy integration into existing industrial systems, reducing the time and effort required for development. In the consumer electronics sector, SoM is used in a wide range of devices such as smartphones, smart home appliances, and wearable devices. The demand for smaller and smarter devices with improved performance has boosted the demand for SoM in this sector. Additionally, the increasing disposable income and changing consumer preferences for advanced technology products are also driving the growth of SoM market in China. Apart from these, the automotive sector in China is also a significant application area for SoM. With the growing adoption of electric and autonomous vehicles, there is a rising demand for advanced computing systems for vehicle control and communication. SoM offers a reliable and cost-effective solution for developing these systems, thereby driving the growth of the market in this sector. Overall, the demand for SoM in China is expected to witness significant growth in the coming years, driven by its wide range of applications in various industries and the country's focus on technological advancements.
However, the market is highly competitive, with the presence of both local and international players. Manufacturers are constantly investing in research and development to develop more advanced and efficient SoM solutions, further driving the growth of the market.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2024.
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