The global single-board computer market size was valued at USD 3.01 billion in 2023. It is expected to reach USD 4.47 billion in 2032, growing at a CAGR of 4.5% over the forecast period (2024-32). Single-board computers serve as crucial components in IoT (Internet of Things) devices and embedded systems. The proliferation of IoT applications across industries such as healthcare, industrial automation, smart cities, and consumer electronics drives demand for compact, low-power SBCs with integrated connectivity options.
Single-board computers are constructed on a circuit board with all the necessary components, including the memory, input/output devices, and processor. They are built using various microprocessor types and are frequently created by computer hobbyists using static RAM and inexpensive 8- or 16-bit processors. To reduce the size and shape of these computers, such as notebooks, these have applications in home computers, portable devices, frequent gaming (slot machines and video poker), kiosks, and machine control automation.
Rising Demand for Single-Board Computers in the Aerospace and Defense Industries
The use of single-board computers is common in aerospace and defense applications. Single-board computers successfully meet the high demand for modern electronic devices in the military and defense industries. They combine various parts, including RAM, interfaces, processors, and other crucial elements, into a board that offers high computer performance. The market for single-board computers is also growing due to ongoing innovation in designing these devices for military applications.
Increasing Industrial Automation
The field of industrial automation is one of the most critical applications for single-board computers. Single-board computers are widely used in process control and discrete manufacturing on the production line in industrial automation. Robots and the Internet of Things (IoT) are used as control systems in industrial automation to handle a variety of equipment and industrial processes. These robots and Internet of Things (IoT) technology are based on single-board computers, which provide high accuracy, precision, and improved performance for manufacturing processes. As an illustration, the Poseidon single-board computer by Diamond Systems Corporation is used to direct the motion of robots. The sensing, control, and display systems connect directly to this computer.
Sophisticated Electronic Device Integration Process
Incorporating multiple functionalities onto a single board is the single board computer market's focus, which necessitates complex designing. The design of a complex device necessitates a robust methodology, a wide range of integration tools, and other costs. Devices become more complex due to the growing demand for more functionality from system integration due to these emerging innovative technologies. Incorporating multiple components into a single device is also challenging because of the various operating voltages, functionalities, and modes that limit the market's expansion.
Electronic Device Miniaturization
Electronic component miniaturization and integration onto a single board have created numerous opportunities for various industry verticals. As a result, it has been possible to combine processors, memory, interfaces, and other crucial parts on a single board. These single-board computers are more efficient and compact than traditional multi-board computers because they are small and fully functional. Medical professionals and other healthcare workers can access, analyze, store, and transmit vital information more easily and quickly with a single-board computer, enhancing patient services. Using single-board computers in healthcare-related applications like diagnostic, clinical, surgical, and ultrasound machines are anticipated to propel market growth over the forecast period.
Study Period | 2020-2032 | CAGR | 4.5% |
Historical Period | 2020-2022 | Forecast Period | 2024-2032 |
Base Year | 2023 | Base Year Market Size | USD 3.01 Billion |
Forecast Year | 2032 | Forecast Year Market Size | USD 4.47 Billion |
Largest Market | North America | Fastest Growing Market | Europe |
By region, the global single board computer market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
North America Dominates the Global Market
North America is the most significant shareholder in the global single board computer market and is expected to grow at a CAGR of 3.9% during the forecast period. The United States, Canada, and Mexico make up the North American market. Early technological adoption and a sharp rise in the sales of consumer electronics goods in North America have contributed significantly to the market's expansion. The region has seen an increase in industrial automation, which supports market expansion. The market is anticipated to grow faster due to the early adoption of technologically advanced products.
Europe is expected to grow at a CAGR of 4.3% during the forecast period. The automotive, metal, aerospace, electronics, industrial, and other significant industries support the local economy. Single-board computers are in high demand for the industries above to operate effectively. Europe has a sizable market share, which is explained by nations like Germany, the UK, and France, which account for a sizable market share in the area. The expansion of the single board computer market has primarily been attributed to the region's industrial growth. The single board computer market in Europe has expanded due to using single-board computers in robotics and the Internet of Things (IoT) in industrial automation.
Asia-Pacific is expected to grow significantly over the forecast period. The Asia-Pacific region largely contributes to the single board computer market's revenue. Japan and China are the two countries with the most significant market shares for single-board computers. Single computer market growth is anticipated to benefit greatly from the expansion of the industrial sector and significant investments in the aerospace and defense sector in the area. The widespread consumer base in the region is also responsible for the widespread use of single-board computers in the consumer electronics sector.
Latin America and the Middle East and Africa are all included in the analysis of the LAMEA region. Consumer electronics and industrial automation are two examples of industries that support the region's economy. The growth of the market in the area has been made possible by industrial automation. One of the most promising markets for single-board computers is the LAMEA region. The increasing use of consumer electronics such as smartphones, laptops, and computers is predicted to expand at a significant CAGR over the forecast period. Single-board computers are more in demand now that industrial automation is more widely used in the region.
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The global single board computer market is segmented by processor and end-user.
Based on the processor, the global market is bifurcated into arm, X86, atom, and PowerPC.
The X86 segment is the highest contributor to the market and is expected to grow at a CAGR of 4.9% during the forecast period. The CISC processor family includes X86 processors, which are members of the 8086 families and operate on a complex instruction set. "X86 processors" refers to both Intel and AMD processors and are extensively used in industrial automation and defense applications. A hallmark of X86 processors is their intricate architecture. They perform several tasks simultaneously from a single instruction. They carry out multiple functions without interfering with the one currently being done. This benefit has led to the X86 processors having the largest market share in the single-board computer industry today. Additionally, the X86 processor's ability to run almost any operating system, including Windows and Linux, makes it suitable for various applications and supports the expansion of the single board computer market.
ARM processors are based on the Reduced Instruction Set Computing and are a member of the RISC processor family. The ARM processor is made to perform easy tasks with minimal power consumption. Mobile applications frequently use it. ARM processors use the architecture of the 32-bit instruction set. ARM processors are used in digital TVs, set-top boxes, smartphones, mobile devices, and laptops because they consume little power. An increase in demand for smartphones with high performance and quick switching modes drives the market for single-board computers. The single board computer market is partly expanding due to the ARM processor's low cost and straightforward pipeline design.
Based on the end-user, the global market is bifurcated into industrial automation, aerospace and defense, consumer electronics, and healthcare.
The industrial automation segment owns the highest market share and is expected to grow at a CAGR of 5% during the forecast period. Industrial automation controls machinery and other industrial processes while minimizing manual command processes and human intervention. Industrial automation uses single-board computers to control devices like PCs, PLCs, and PACs. Single-board computers are frequently used in robotics, manufacturing, and other industrial automation applications. The industrial automation sector has grown significantly in recent years. The industrial revolution has digitally transformed the manufacturing and production processes in industries. Robotics and other forms of networked technology, such as the Internet of Things, have increased the need for single-board computers (IoT). Single-board computers are ideal for robotics because they enable complex PC-based robotic systems. A further factor driving the expansion of the global market is the rise in IoT usage, which calls for more compact devices.
One of the most technologically advanced industries is aerospace and defense. Single-board computers are used in aerospace and defense for embedded computers and other aerospace and defense applications. Due to the difficult situations that the military and defense industries must handle, they require highly effective and performant computers. Single-board computers are frequently used in embedded computers in the military. Devices that are small and consume little power are needed for military applications. The market for single-board computers is expanding due to manufacturers' ongoing efforts to create tough and dependable single boards.