Global Computer On Module Market | Rising Need for Faster Product Development to Boost Market Growth | Technavio
The global computer on module market size is poised to grow by USD 360.19 million during 2020-2024, progressing at a CAGR of almost 6% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
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Technavio has announced its latest market research report titled Global Computer on Module Market 2020-2024 (Graphic: Business Wire)
The computer on module market is driven by the rising need for faster development. Features of COMs allow many firms to customize products based on their requirement. The combination of an off-the-shelf COM and an application-specific carrier board offers a complete platform for building many end-products for aerospace and defense, automobiles, consumer electronics, healthcare, and other industries. The need for fast product development is necessary since device manufacturers focus on reducing costs as well as reducing time to market. This allows firms to gain a competitive advantage over others, thereby obtaining a higher market share. The use of COMs to speed up the development time is one of the major market drivers.
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- The major computer on module market growth came from the COM express segment in 2019, and is expected to witness the fastest growth during the next five years.
- Europe was the largest computer on module in 2019, and the region will offer several …