The single board computer market is slated to showcase significant expansion through 2028 owing to widespread adoption of the product in various applications. In addition, notable technological advancements in the product are likely to further support market growth over the forecast period.
Single board computers (SBCs), unlike conventional motherboards, function as minicomputers that are equipped with all necessary functionalities, such as in-built memory and a processor, among others, which are fitted on a single circuit board. SBCs are lighter, smaller, and more cost-effective than larger alternatives available in the market.
Notably, SBCs are more niche than motherboards and costlier on account of supplier’s low production rate, however, they are easier to use as well as more adaptable and customizable to user needs based on the program. These factors have played a vital role in boosting product adoption in recent years.
Moreover, industry players have been focusing on product development and innovation, thereby propelling the growth of the single board computer market. For instance, in November 2021, Axiomtek, a computer manufacturing specialist, presented the KIWI310, an SBC with a Raspberry Pi form factor and an Intel processor. The KIWI310, which has similar dimensions as the Raspberry Pi 4 Model B, is equipped with the Intel Celeron N3350, a dual-core processor with a 6W TDP.
Similarly, in November 2021, Kontron, a major provider of IoT/Embedded Computing Technology (ECT), inked a strategic technology partnership agreement with Hailo, a leading AI chipmaker, to offer next-gen AI edge inference solutions. The KBox A-150-WKL-AI-H8 and the 2.5’ SBC pITX-iMX8M-AI-H8 of Kontron, in combination with the Hailo-8 module, provide high-performance, power-effective, and compact AI solutions.
For extensive analysis, the single board computer market has been bifurcated based on processor, application, and region. In terms of application, the market has been further categorized into consumer electronics, industrial automation, agriculture, aerospace & defense, education, healthcare & medical, automotive & transportation, entertainment, and others.
In 2021, the automotive & transportation sub-segment held a market share of around 10% and is slated to grow at a robust pace over 2022-2028. Rising adoption of telematics and vehicle-to-vehicle communication systems in the transportation sector is set to fuel segmental growth through the assessment timeframe.
On the regional spectrum, the Latin America single board computer market accounted for more than 5% of the overall industry revenue in 2021 and is projected to witness substantial growth over the forecast timeline. Growing number of initiatives taken by the government to promote the adoption of industrial automation across LATAM is anticipated to support regional market growth in the upcoming years.