Published On : 08 Feb 2019
An Increasing need for faster product development is one of the key factor promoting the growth of the global computer on module market. Several features of the computer on module allows several end-user companies across defense, transportation, medical to develop the product as per their requirement, this can be other key factor supplementing the growth of the global computer on module market in the coming years. The increasing usage of the drones for various application is another factor majorly contributing towards the growth of the global computer on module market in the coming years.
Rising demand for fast development of products, reliability of computer on module and longevity are some of the factors triggering the growth of this market in the foreseeable future. In addition to this, drone is becoming an integral part in various industries, especially, defense, aerospace and retails and this is another trend backing the growth of the global computer on module market in the coming years. The combination of an application-specific carrier board and an off-the-shelf COM provides a complete platform for building many end products for several industries. These are some of the factors stimulating demand for the global computer on module market.
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Increasing Privacy and Security Concern to Hamper Growth of Global Computer on Module Market
In Contrast, the rising security and privacy concern can be one of the factors negatively impacting overall growth of the global computer on module market. In addition to this, high initial investment and the volatile market dynamics are likely to restrain overall growth of this market in the coming years. However, the rising urbanization along with increasing demand for connected devices, such as IoT and testing services, and consumer electronics are some of the key driving force influencing demand for the global computer on module during the course of forecast period from 2018 till 2026. These are some of the factors strengthening the growth of this market in the foreseeable future. The market will demonstrate positive movement and likely to witness moderate the growth in the upcoming years. Apart from this, rising usage of safety system in automobiles will also influence uptake over the next few years.
Presence of Large and Small Companies May Create Lucrative Avenue
The global computer on module market is likely to demonstrate highly fragmented structure. Thanks, to the presence of large and small players at regional and international players across the globe. The report includes some of the prominent players operating in the global computer on module markets such as Portwell, Phytec, Congatec A, Adlinktech, and Avalue. The strategic partnership among the key players may likely to strengthen their presence across the globe. In addition, the manufacturers are majorly focused on research and development activities in order to strengthen their presence across the globe.
From the geographical point of view, EMEA is likely to dominate the global computer on module market. EMEA is likely to account for nearly 49% of market share in the global computer on module market. Which is further trailed by APAC and America. The APAC region is likely to witness massive growth during the course of the forecast period.
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