System on Module Market Share

North America Market Forecast

System on the module in the North America industry is set to account for largest revenue share of 44% by 2037. The market potential in the US is driven by the industrial sector's increasing need for automated solutions to advance. The adoption of cutting-edge technologies and the Internet of Things by numerous enterprises is driving up demand for systems on modules in the US. Increased spending on cutting-edge technology, the presence of important vendors, and government initiatives are anticipated to support the US market. Conversely, the manufacturing industry's growing demand for robotics and artificial intelligence is driving market expansion. Nearly 69% of American homes are equipped with at least one smart home technology product. Speakers, robots, smart security systems, indoor HVAC control systems, and other gadgets are examples of smart home technology.

APAC Market Statistics

System on module market in the Asia Pacific region is anticipated to hold the second largest revenue share of about 27% during the forecast period. The automation sector and emerging, cutting-edge technologies are driving the Asia Pacific market. The two major players in the Asia Pacific industry that drive the global market are China and India. The Indian electronic sector is expanding due to rising demand for electronic components such as CPUs, SoCs, and boards. Moreover, the Indian system on module market expansion is anticipated to be bolstered by the increasing number of automation automobiles that are outfitted with cutting-edge technology and innovations in medical devices.