Single Board Computer Market to grow at 12.5% CAGR from 2016 to 2024: Global Market Insights Inc. The industry research report “Single Board Computer Market Size By Technology (VME, cPCI, VPX, xTCA), By Service (System Integration, Customization, Aftersales), By Processor (ARM, x86, Atom, PowerPC), By Application (Industrial Automation, Aerospace & Defense, Transportation, Medical, Entertainment), By End-Use (Test & Measurement, Communication, Data Processing, Research), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, China, India, Japan, South Korea, Brazil), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” by Global Market Insights, Inc. says (SBC) Single Board Computer Market size is set to exceed USD 1.2 billion by 2024. Increasing penetration in the healthcare sector is anticipated to drive the single board computer market growth over the forecast timeline. SBCs are integrated in the medical equipment on a large scale owing to high reliability and capability of providing efficient healthcare solutions and services. Moreover, increasing utilization of the devices in other medical applications such as customized medical monitoring systems, medical electronic devices, and fault tolerant wearable computers will contribute to the single board computer market size in the next eight years.
High demand across consumer electronics may provide huge growth opportunities to the single board computer market growth. This can be attributed to the rising usage in a variety of electronic devices such as mobile phones, tablets, and gaming consoles. Rising penetration of consumer electronics equipped with SBCs is increasing among several end-use industries due to reduction in the prices. The increasing adoption of artificial intelligence coupled with the technology advancements such as enhanced reliability offered with the integration of SBCs due to increase in demand for solving complex problems provide lucrative growth opportunities to the single board computer market size. VME technology segment contributed significantly to the single board computer market share, primarily due to its ability to be used in rugged industrial applications 1|Page