(SBC) Single Board Computer Market is expected to exceed USD 1 billion by 2024, with around 12.5% CAGR estimation. The penetration of IoT technology is anticipated to propel the global single board computer market demand.
Sellbyville, DE -- (SBWIRE) -- 10/30/2018 -- The rise in the internet and intranet users are anticipated to offer growth opportunities to the single board computer market. This rise in the growth is fueled by newly installed infrastructures necessary to carry the data and the convenience offered by them in accessing the data. The rapid adoption of internet is witnessed in the consumer/commercial market segment.
(SBC) Single Board Computer Market is expected to exceed USD 1 billion by 2024, with around 12.5% CAGR estimation. The penetration of IoT technology is anticipated to propel the global single board computer market demand. This is due to the capability of the technology to perform real world activities. IoT devices are viable as their and associated cost is on the decline. Raspberry Pi, a low-cost platform which can be run on a full-featured operating systems like Linux, has become the benchmark for a new category of ultra-small, SBCs.
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Quality delivered, cost associated and the mobile and laptop markets are providing tremendous growth opportunities for the technical improvements. The display manufacturers are concentrating more on the industrial vectors and therefore working in that direction. Companies such as Planar are offering display panels that can easily withstand and operate over a temperature range of -25°C to +85°C.These improvements open new applications previously not served by panel PCs.
Shops, supermarkets, cafes, restaurants, and cinemas have witnessed increased single board computer market demand as these devices aid in working more efficiently and upgrading their services. They are compact and have high performance benefits which helps them in providing facilities in a sales-focused environment where space is at a premium, employees feel overtaxed and customers are short of time. However, in some rugged applications, it is required to eliminate the usage of cables or special i/o connectors making a typical SBC difficult to use.
The medical industry is anticipated to witness lucrative growth prospects over the next few years. This is due to the integration of SBCs in various medical devices such as automated blood collection system due to the capability of the equipment including reliability and IoT assimilation. The transportation vertical widely uses these products, due to the capability of the equipment to function in extended temperature ranges and are designed to endure shock, vibration, and EMI to satisfy environmental and quality requirements of vehicular applications.
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The single board computer market has witnessed drastic changes over the years. This change is credited to the technological advancements and the changing selection concerns from backplane bus, CPUs and associated peripheral chips to the type of software, time to market and board as the key factor for development.
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