Single Board Computer Market By Product Type (ARM-based SBC, x86-based SBC); By Application (Robotics, Automation, Industrial Control, Medical Devices, Consumer Electronics, Educational and Research); By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Market Analysis, Trends, Opportunity and Forecast, 2022-2032
Single Board Computer Market Insights
Single board computers (SBCs) are a type of computers which are made in a very distinct way like they are very compact in size, and they are low cost computer boards which include a input/output interfaces, microprocessors, and memory chips.
The market for SBCs has been giving very rapid growth results in recent years, which is due to the rising demand for the Internet of Things(IOT) devices and also due to the rising demand for low-power, small-form-factor computing solutions. SBCs are also popular among makers, hobbyists, and educators, as they provide an accessible platform for learning about programming and electronics.
The global single board computer market will balloon from USD 2.9 billion in 2022 to a staggering USD 4.9 billion by 2032, at an impressive compound annual growth rate (CAGR) of 4.5% during the projection period.
In contrast to geography, Asia-Pacific is certainly to hold the largest market share, owing to the increasing of SBCs in countries including China, Japan, and South Korea.
In terms of application, Robotics, Automation, and Industrial control are expected to hold the largest market share.
Key players in the SBC market include Raspberry Pi Foundation, BeagleBoard, Arduino LLC, Advantech, and Minnowboard Development Board, among others.
Single Board Computer Market Driving Factors
There are several factors driving the growth of the single board computer (SBC) market:
- Increased demand for IoT devices: The growing popularity of IoT devices, such as smart home devices, industrial automation systems, and monitoring systems, is driving the demand for SBCs as the "brain" of these devices.
- Advancements in technology: Improvements in technology, such as faster processors, more memory, and more advanced interfaces, are making SBCs more powerful and feature-rich, which is increasing their appeal for a wide range of applications.
- Growing popularity among makers, hobbyists, and educators: SBCs are becoming more accessible and affordable, which is making them a popular platform for learning about programming and electronics among these groups.
- Increasing adoption in industrial and commercial applications: SBCs are being used in a wide range of industrial and commercial applications, such as factory automation, robotics, and digital signage. This is driving the demand for more powerful and sophisticated SBCs.
- Development of low power and high performance SBCs: As the market matures, SBCs are getting more powerful and energy efficient. This makes them suitable for battery-powered applications.
- Emergence of AI-powered SBCs: The development of SBCs with AI capabilities, such as machine learning, computer vision, and natural language processing, is making them more suitable for applications that require data processing, decision making and automation, driving their adoption.
- Increase in demand for compact and low-cost solutions: With the trend of miniaturization, customers are looking for compact and low-cost solutions which SBCs fit the bill. This is also driving the growth of the market.
Single Board Computer Market: Report Scope
Base Year Market Size
USD 2.94 billion
Forecast Year Market Size
USD 4.90 billion
Single Board Computer Market Challenges
There are several challenges facing the single board computer (SBC) market:
- Lack of standardization: SBCs are available in a wide variety of form factors and with different interfaces, which can make it difficult for customers to choose the right board for their application.
- Limited processing power and memory: Some SBCs have limited processing power and memory, which can be a limitation for certain applications.
- Limited availability of software support: Some SBCs have limited availability of software support, which can make it difficult for customers to develop and deploy applications on the board.
- Limited scalability: Some SBCs have limited scalability, which can make it difficult for customers to expand the capabilities of their system as their needs change.
- Limited security features: Many SBCs lack built-in security features, which can make them vulnerable to cyber attacks, especially when they are used in industrial and commercial applications.
- Limited lifespan: Some SBCs have a limited lifespan, which can make it difficult for customers to plan for long-term use and maintenance.
- Cost factor: SBCs are generally less expensive than traditional computers, but for some applications, the cost of a SBC plus the necessary peripherals, such as power supply and storage, can be more expensive than traditional computers.
- Quality control: The market includes a lot of vendors, so maintaining quality can be a challenging issue, which can result in unreliable and unstable devices, which can be an problematic issue for customers.
Single Board Computer Market Regional Synopsis
The global SBC market can be segmented according to geography which can be further segmented into North America, Europe, Asia Pacific, and Rest of the World(RoW).
- Asia Pacific: The Asia Pacific region is expected to hold the largest market share in the global SBC market. The Asia Pacific region is going to hold the largest market share because of the rise in demand of SBCs in countries like China, Japan, and South Korea which are the manufacturing hub for electronic devices.
- North America: The North America region is expected to hold the second-largest market share in the global SBC market. The growth of this region can be attributed to the increasing adoption of SBCs in the industrial, commercial, and educational sectors.
- Europe: Europe is expected to hold a significant share of the global SBC market. The growth of this region can be attributed to the increasing adoption of SBCs in the industrial, commercial, and educational sectors.
- Rest of the World: The SBC market in the rest of the world is expected to grow at a moderate rate. The growth of this region can be attributed to the increasing adoption of SBCs in the industrial, commercial, and educational sectors.
Single Board Computer Market Segmentation
The global single board computer (SBC) market can be segmented based on the following criteria:
- By Product Type
- ARM-based SBC
- x86-based SBC.
- By Application
- Industrial Control
- Medical Devices
- Consumer Electronics
- Educational and Research
- By Geography
- North America
- Asia Pacific
- Rest of the World (RoW).
Single Board Computer Market Key Players
There are several key players in the single board computer (SBC) market, including:
- Raspberry Pi Foundation: The Raspberry Pi is amongst the most popular SBCs in the market, which is known for it's low cost and versatility.
- This company has lot of boards in it's inventory, like Raspberry Pi Zero, Raspberry Pi 3, and Raspberry Pi 4.
- BeagleBoard: BeagleBoard offers a range of SBCs that are popular among makers, hobbyists, and educators. Their board types include BeagleBone Black, BeagleBone Green, and PocketBeagle.
- Arduino LLC: Arduino is known for its microcontroller boards and development software. Their board types inlclude Arduino Uno, Arduino Mega, and Arduino Nano.
- Advantech: Advantech offers a range of SBCs for industrial, commercial, and embedded applications. Their boards include the SOM-5871, SOM-3571, and SOM-2540.
- Minnowboard Development Board: Minnowboard Development Board is a open source developing community that develops low cost, high-performing, low-power SBCs.
- Intel: Intel offers a range of SBCs, such as the Intel NUC, that are popular among industrial and commercial customers.
- NVIDIA: NVIDIA offers Jetson Nano, an AI-powered SBC that is designed for edge AI applications.
- Qualcomm Technologies: Qualcomm Technologies offers DragonBoard 410c, a SBC that is designed for IoT applications.