North America is one of the major regions for the growth of the single board computer market. This is due to the adoption of these components across manufacturing and defense industries. In addition, a well-established IoT infrastructure in the region has been constantly driving the adoption of these computers in the region. However, Asia Pacific is expected to witness the highest growth over the forecast period owing to increased IoT spending in the region. Moreover, support from governments for the development of smart cities is further expected to fuel the single board computer market in this region.
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The growing technological advancements in IoT coupled with the rising demand for smart connected devices will drive single board computer market in the years to come. Basically a compressed, low-cost version of a typical computer, an SBC comprises similar components such as microprocessors, memory, input/output (I/O) and other features all embedded on a tiny circuit board.
The flourishing demand across consumer electronics industry is among the major trends in the single board computer market. The rising disposable income of consumers is creating a demand for intelligent and smart devices such as gaming consoles, smartphones, tablets, and other wearable devices. In addition, declining prices of these systems have resulted in a greater demand for these systems across the industry, fueling the SBC market. For instance, Raspberry Pi Zero systems are being used to develop new smartphones, such as ZeroPhone, which is a USD 50 Linux operated technology.
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The phone has several features, such as HDMI, Wi-Fi, full-size USB, 3.5 mm jack, 2G GSM connectivity, and GSM/Wi-Fi/microphone hardware switch option. It supports Raspberry Pi Zero, ESP8266, and Arduino systems. Product kits are available in different models and Raspberry Pi versions for providing advanced specifications to smartphones. These smartphones are being widely used for home automation & security, robot applications, SMS-controlled appliances, and baby & pet monitoring.
The single board computer market is fueled by the adoption across the aerospace & defense sector and is projected to grow at a CAGR of 13%. The military sector is utilizing Raspberry Pi SBC in surveillance robots. Increasing automation is augmenting the demand in the (SBC) single board computer market. The surveillance robots are IoT-based systems that help the military & defense sector to secure the camp or border area using a manually controlled or autonomous vehicle with the internet connection. Multi-sensory devices detect the unusual border activities and these systems sends the wireless command to an authorized person, which then instructs the robot about further movements and activities.
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Companies contributing toward the growth of the single board computer market include Adlink Technology, Mercury Systems, American Portwell, Radisys Advantech, and MERCURY Systems, among others. These players are offering differentiated products in the market for various industry verticals to expand their customer base.