Research
Global single board computer market to procure USD 1 billion in valuation by 2025, escalating developments in semiconductor design and manufacturing to augment the industry landscape
The growing technological advancements in IoT coupled with the rising demand for smart connected devices will drive single board computer (SBC) 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.
China single board computer market size, by processor, 2018 & 2025 (USD Million)
The product has become significantly important for developers seeking ways to design products with greater intelligence, performance and connectivity while reducing power consumption, costs and size. Indeed, the product continues to evolve in sophistication, while its range of possibilities expand. For instance, nowadays SBCs come with features like Bluetooth and Wi-Fi compatibility making them ideal in applications associated with IoT (Internet of Things).
The deployment of the Internet of Things (IoT) in almost all industrial applications will significantly boost the growth of the SBC market in the years to come. By using SBCs, manufacturers are now able to offer efficient IoT solutions to customers. The product has certainly propelled the growth of the IoT sector in the last few years, offering a much smoother commercialization. According to reports, business infrastructure and operations professionals are rapidly shifting towards IoT, while studies indicate that a major proportion of decision-makers are already using IoT-enabled applications from building connected products to transforming operational processes. With rising IoT adoption, IoT software providers like IBM, Cisco, Amazon, GE, and other giants are now developing solutions that simplify the design, creation, integration, and management of IoT infrastructure and enterprise data. This in consequence will majorly propel the product demand, eventually pushing SBC industry trends.
Technological advancements in embedded technology will boost the SBC market
Semiconductor processors, being the core of any SBC, are rapidly evolving to match the capability of modern day applications. To attract the vast tech-savvy customer base, engineers are constantly adopting advanced embedded technologies to gain a competitive edge. For instance, the neural processing unit (NPU) is anticipated to be the next focus for chipmakers as it helps speed up computer-vision applications, such as object and image recognition, and offers enterprises and manufacturers a more powerful platform for developing products used from smart building applications to driverless vehicles.
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Prominent companies are investing heavily in the development of these new technologies. The Chinese tech giant Huawei, in collaboration with Linaro, recently launched its new SBC called HiKey 970 AI computing platform which uses the world’s first AI mobile processor, Huawei’s Hisilicon Kirin 970 chipset along with a dedicated Neural Processing Unit (NPU). This is quite vividly, an instance that demonstrates how product innovation and investments in technological advancements will add momentum to the expansion of the SBC industry.
Powered by rapid technological developments, single board computers have paved their way into medical sector as well. Medical devices are increasingly being integrated with SBCs to perform and monitor a wide range of clinical processes. The product’s reliability, power and versatility have made it ideal for developing customized medical electronic devices, medical monitoring systems, fault-tolerant wearable computers and more. Strategic partnerships between tech giants and medical healthcare firms will thus majorly augment the growth graph of SBC industry.
While SBC market has quite appreciable consolidated itself worldwide, the APAC is said to emerge as a prominent revenue pocket for this industry in the years to come. This may plausibly be the case on account of the expanding electronics industry in the region. With the presence of several consumer electronics and tech firms, the APAC SBC industry is anticipated to depict considerable growth over 2019-2025. Growing government support toward building in-house consumer electronics, such as smartphones, tablets and other gadgets in countries like India and China, will also boost the APAC single board market demand.
Being highly-scaled versions of traditional PCs and laptops, SBC are expected to continue finding long-term application in IoT-driven verticals and consumer electronics. Powered by rapid technological advancements in semiconductor processors and AI, single board computer market is forecast to chronicle itself in the billion-dollar business sphere by 2025.
Author Name :Paroma Bhattacharya
Aerial imaging market to register a double-digit CAGR over 2018-2024, disaster management to evolve as a pivotal growth ground over 2018-2024
A slew of advancements in geospatial technology has been instrumental in adding impetus to aerial imaging market lately, to such as extent that government organizations to commercial businesses, have now found ways to utilize the technology to their own advantage. Hurricane Harvey is one of the most iconic examples that demonstrates the progress of aerial imaging industry. The prompt intervention of EagleView Technologies had then restored some relief to the hurricane affected victims, while simultaneously increasing the popularity of aerial imaging.
Aerial Imaging Market Size, By Application, 2017 – 2024 (USD Million)
Elaborating further, when Harvey flooded Texas and Louisiana with 27 trillion gallons of water in 2017, it turned out to be one of the most devastating natural disasters in the US history. Besides, it also happened to be one of the most expensive catastrophes which cost approximately $190 billion. Amidst a scenario where thousands of people were displaced from their homes and thousands of others did not know if they had any home left to go back to, the Henrietta based aerial imaging company EagleView Technologies presented a possible means of relief to the victims of the destruction Harvey left in its wake. The company launched a website that depicted aerial views of the streets ravaged by the hurricane. Users could enter a street name and view before and after images to access the extent of damage. EagleView Technologies has so far collected almost 350 million images of over 90% of the most populated areas of the U.S. on behalf of clients which comprise local and state governments as well as insurance companies, that may benefit the hurricane victims.
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However, aerial imaging industry is not limited to amassing millions of pictures alone. The vertical is now focusing on collecting images and teaching machines to look at images and generate a report if something of crucial importance is being reflected in those images. For instance, when an electric utility company requires aerial imaging, they do not just want thousands of images of power lines, what they want is to discern which poles are damaged or have broken conductors and need to be repaired. Machine learning facilitates this process by analyzing each image and producing a report for the repair crew with the location of the problem spots. Information collecting companies that are mainstream end-users of aerial imaging market are heavily dependent on this technology to access damage of personal and public property after natural catastrophes. Since it is not possible to send out claim adjustors to every place right after the disaster despite the crucial importance to assess damages as quickly as possible, aerial imaging market has received a considerable boost from the insurance industry.
As such implications clearly point out, disaster survey and management is expected to become one of the most lucrative growth avenues for the aerial imaging industry. In fact, aerial imaging market size from disaster management is expected to register a CAGR of 16% over 2018-2024. Most governments have regulations dictating the pilot of an aerial imaging vehicle to be in the visible range of the vehicle. But as climate change has increased the incidence of natural disasters, such restrictions are being slowly lifted. Advancement of technology is also ensuring that human pilots can be replaced with self-flying drones. This not only decreases the chance of harming human life while they are out in disaster zones but also helps in better assessment as machines can be taught to fly straight and maintain constant altitude. The advent of advanced technology will thus play a pivotal role in aerial imaging market expansion.
Recently Airbus Aerial and DroneBase announced a partnership that will deliver a multi-source data service solution for aerial imaging from a single provider. Such an initiative will enable companies to use a single service provider for all their data and imagery insights. With an international leader and pioneer in aerospace industry like Airbus and DroneBase which has 100,000 commercial missions flown in over 70 countries making a significant investment, other investors are also expected to join in the battle. As the contributions by prominent contenders strengthens the case for this vertical, aerial imaging industry size is expected to cross USD 4 billion by 2024.
Author Name : Paroma Bhattacharya
Global Market Insights Inc. 