Single Board Computer Market to Reach $3.80 Billion, Globally, By 2027 at 4.6%
CAGR: Allied Market Research
PORTLAND, Ore., Oct. 8, 2020
- Rise in demand for single board computer components in aerospace and defense
and increase in need for industrial automation drive the growth of the single
board computer market
PORTLAND, Ore., Oct. 8, 2020 /PRNewswire/ -- Allied Market Research published
a report, titled, " Single Board Computer Market By Processor (ARM, X86,
ATOM, and PowerPC) and End Use (Industrial Automation, Aerospace & Defense,
Consumer Electronics, Healthcare, and Others): Global Opportunity Analysis and
Industry Forecast, 2020-2027". According to the report, the global single
board computer industry was estimated at $2.86 billion in 2019, and is
anticipated to hit $3.80 billion by 2027, registering a CAGR of 4.6% from 2020
Drivers, Restraints and Opportunities
Rise in demand for single board computer components in aerospace and
defense and increase in need for industrial automation drive the growth of the
single board computer market. On the other hand, complex integration process
of advanced electronics devices curtails down the growth to some extent.
However, miniaturization of electronic devices is expected to create lucrative
opportunities for the key players in the industry.
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* The outbreak of Covid-19 has caused a mixed effect on the global single
board computer market. With most organizations mandating 'work from home'
all over the world, there's been a significant increase in the demand for
these single board devices that have wide application in home computers,
video pokers, slot machines, and many more.
* At the same time, disruptions in the supply chain impacted the market
negatively. Also, there's been a considerable decrease in demand for
single board computer components from