India System on Module Market, By Application
| Label | Industrial Automation | Medical | Entertainment | Transportation | Test & Measurement | Others |
|---|---|---|---|---|---|---|
| 2018 | 15.6 USD Mn | 9.9 USD Mn | 2 USD Mn | 3.1 USD Mn | 3.9 USD Mn | 0.8 USD Mn |
| 2019 | 17.4 USD Mn | 11.2 USD Mn | 2.1 USD Mn | 3.2 USD Mn | 4.2 USD Mn | 0.9 USD Mn |
| 2020 | 17.7 USD Mn | 11.5 USD Mn | 2.1 USD Mn | 3 USD Mn | 4.2 USD Mn | 0.9 USD Mn |
| 2021 | 18.1 USD Mn | 11.9 USD Mn | 2 USD Mn | 2.9 USD Mn | 4.3 USD Mn | 1 USD Mn |
| 2022 | 19.1 USD Mn | 12.7 USD Mn | 2 USD Mn | 2.8 USD Mn | 4.4 USD Mn | 1 USD Mn |
| 2023 | 20.7 USD Mn | 13.9 USD Mn | 2.1 USD Mn | 2.8 USD Mn | 4.7 USD Mn | 1 USD Mn |
| 2024 | 23.1 USD Mn | 15.6 USD Mn | 2.2 USD Mn | 2.9 USD Mn | 5.1 USD Mn | 1 USD Mn |
| 2025 | 26.4 USD Mn | 18.1 USD Mn | 2.4 USD Mn | 3.1 USD Mn | 5.8 USD Mn | 1 USD Mn |
| 2026 | 32.3 USD Mn | 22.3 USD Mn | 2.7 USD Mn | 3.5 USD Mn | 6.9 USD Mn | 1 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
The Indian System on Module (SoM) market is witnessing significant growth due to the increasing demand for advanced and efficient electronics in various industries. SoMs are essentially a small form-factor computer module that encapsulates a powerful processor, memory, and other necessary components, making it an ideal solution for developing complex embedded systems. The automotive industry is one of the major applications driving the demand for SoMs in India. The integration of advanced driver-assistance systems and connectivity features in vehicles is fueling the need for high-performance electronic components, which in turn is boosting the demand for SoMs. Additionally, the growing adoption of electric and autonomous vehicles is further contributing to the market growth in the country. The healthcare sector is also emerging as a significant application segment for SoMs in India. With the increasing focus on digital health and telemedicine, there is a growing need for efficient and compact electronic components to power medical devices and equipment. SoMs provide the necessary computing power and flexibility to develop advanced healthcare solutions, making them a crucial component in this industry. The consumer electronics sector is another prominent application segment for SoMs in India.
With the rise of smart homes and connected devices, there is a growing demand for compact and cost-effective electronics solutions. SoMs offer a ready-made platform for developing smart devices and IoT applications, making them an attractive choice for consumer electronics manufacturers in India. The industrial sector is also witnessing a surge in the adoption of SoMs, especially in the manufacturing and automation processes. SoMs enable the development of embedded systems with high computing power, real-time data processing capabilities, and communication interfaces, making them a valuable component in the industrial applications. The defense and aerospace industries are also expected to drive the demand for SoMs in India. The need for advanced and rugged electronics for military and aerospace applications presents a significant opportunity for the SoM market in the country. In conclusion, the Indian System on Module market is witnessing significant growth due to the increasing demand for advanced electronics in key industries such as automotive, healthcare, consumer electronics, and industrial manufacturing. With the rising adoption of new technologies and the growing need for compact, cost-effective electronic components, the demand for SoMs is expected to continue to rise in the coming years.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2024.
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