Sellbyville, DE -- (SBWIRE) -- 02/06/2019 -- Single Board Computer Market is projected to collect noticeable revenue due to shifting consumer trends toward wearable electronics, electric vehicles, and the Internet of things (IoT) devices and solutions. IoT incorporated with embedded systems undoubtedly helps perform operations in real-time. Single board computers, which are basically hardware components integrated with IoT, garner a huge demand from numerous end-user industries. According to Global Market Insights, Inc., "Single Board Computer market will record a CAGR of 12.5% over the period of 2016 to 2024."

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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.

VME technology is increasingly being deployed across the military & defense sector driven by its high reliability and efficiency. This will lead to VME-based SBC market registering an annual growth rate of more than 10% over the period of 2016 to 2024. xTCA, VPX, and cPCI are the other prominent technology segments of single board computer industry. cPCI-based single board computer market accounted for more than 25% of the market share in 2015 and will grow lucratively in the years ahead.

Customization services are anticipated to grow significantly over the coming years due to the increasing demand for tailor-made devices in the industrial automation and aerospace & defense sectors. Customized solutions offer specific hardware and software requirements for several applications. Furthermore, they provide enhanced degree of flexibility to the SBC and reduce cost and manufacturing time.

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ARM based single board computer market accounting for 40% of the total volume, dominated the global market in 2015.The massive adoption of ARM based single board computers can be credited to its features such as cost effectivity, low power consumption, and multi-core processing. On the other hand, traditional x86 single board computers are also witnessing heavy demand owing to the processor's flexibility to incorporate upcoming technologies. For example, Intel has recently integrated Udoo x86 with Curie model, that includes Bluetooth low energy radio.

U.S. single board computer market share was over 40% due to the presence of major players operating in the industry such as Advantech, Allied Electronics. Moreover, high demand across aerospace and defense may propel the regional growth. Advancements in the technology to offer low cost and efficient products have instigated the adoption across education sector for research related projects and among electronics engineers & professionals involved in the electronics design and development.

Some of the noticeable players influencing the overall single board computer market include VersaLogic Corp., Digi International, Wandboard, Advantech, Eurotech Group, Kontron, and Adlink Technology.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.