Pro
Technology & Electronics
Global System on Module Market, By Country, 2018–2026
| Label | Industrial Automation | Medical | Entertainment | Transportation | Test & Measurement | Others |
|---|---|---|---|---|---|---|
| 2018 | 956.9 USD Mn | 579.2 USD Mn | 280.2 USD Mn | 172.2 USD Mn | 138.3 USD Mn | 49.7 USD Mn |
| 2019 | 1060.2 USD Mn | 645.4 USD Mn | 297.1 USD Mn | 182.3 USD Mn | 149.2 USD Mn | 56.1 USD Mn |
| 2020 | 1066 USD Mn | 652.5 USD Mn | 285.9 USD Mn | 175.1 USD Mn | 146.1 USD Mn | 56.6 USD Mn |
| 2021 | 1084.6 USD Mn | 667.6 USD Mn | 278.3 USD Mn | 170.2 USD Mn | 144.8 USD Mn | 56.8 USD Mn |
| 2022 | 1134.9 USD Mn | 702.6 USD Mn | 278.6 USD Mn | 170.1 USD Mn | 147.6 USD Mn | 57.7 USD Mn |
| 2023 | 1220.5 USD Mn | 760.1 USD Mn | 286.5 USD Mn | 174.7 USD Mn | 154.6 USD Mn | 59.3 USD Mn |
| 2024 | 1348.5 USD Mn | 844.8 USD Mn | 302.8 USD Mn | 184.3 USD Mn | 166.4 USD Mn | 61.5 USD Mn |
| 2025 | 1529.9 USD Mn | 964.3 USD Mn | 328.4 USD Mn | 199.7 USD Mn | 183.9 USD Mn | 64.2 USD Mn |
| 2026 | 1781 USD Mn | 1132.9 USD Mn | 365.4 USD Mn | 219.4 USD Mn | 211.6 USD Mn | 64.5 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
The demand for Global System on Module (SoM) market is growing exponentially, with a significant rise in the usage of SoMs across various industries. SoM is a small electronic board that contains all necessary hardware, software, and interconnections required for a specific application. One of the key factors driving the demand for SoM market is the increasing adoption of Internet of Things (IoT). As the IoT market continues to grow, the need for smarter and more connected devices has also increased. SoM provides an efficient and cost-effective solution for developing IoT devices, making it a highly demanded component in this market. Moreover, with the rising trend of miniaturization in electronic devices, SoM offers a compact and streamlined design that can be easily integrated into the final product. This makes it an ideal choice for industries such as healthcare, automotive, and consumer electronics, where small and compact devices are preferred. The industrial sector is also a major contributor to the demand for SoM market. SoM provides an easy and efficient way to incorporate automation and intelligence into industrial equipment. This has led to increased usage of SoM in industrial applications such as factory automation, robotics, and industrial control systems.
Another application driving the demand for SoM market is in the aerospace and defense industry. SoM provides the necessary computing power and rugged design required in this sector, making it an essential component in military and aerospace applications. The healthcare industry is also witnessing a growing demand for SoM. With the increasing use of wearable devices and remote patient monitoring systems, SoM offers a reliable and robust solution for medical equipment manufacturers. Apart from these, SoM also finds applications in other industries such as transportation, energy, and communication. The flexibility of SoM allows it to be used in a wide range of applications, making it a sought-after component in the global market. In conclusion, the demand for Global System on Module market is expected to continue to rise in the coming years, driven by the increasing adoption of IoT, need for miniaturization, and growing usage in various industries. The versatility and efficiency of SoM make it an essential component for the development of advanced and connected devices, making it a significant contributor to the global 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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We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.