Computer on Module Market Size, Share, Growth Analysis, By Processor (ARM, X86), By Form Factor, By Application, By Region -Industry Forecast 2025-2032

Computer on Module Market size was valued at USD 1.69 Billion in 2023 and is poised to grow from USD 1.8 Billion in 2024 to USD 2.8 Billion by 2032, growing at a CAGR of 6.49% during the forecast period (2025-2032).

Computer on module market is experiencing substantial progress in the recent past impacted by the growing demand for efficient, compact, and tailored computing solutions in diverse industries. Some of the key drivers of the market include the growing demand for IoT solutions, rising trend towards the use of automation and industry 4.0, and enhanced flexibility and customization. The growing proliferation of IoT applications has been fueling the demand for compact and efficient computing solutions. CoMs or computer modules offer optimal scalability and flexibility for Internet of Things devices. Also, the growing inclination towards automation, mainly in industries like industrial and manufacturing processes, is driving the need for computer on modules. They help in the development of smart machinery and devices with improved processing capabilities. Besides, they also offer tailored solutions for certain applications. These factors are propelling the growth of the market.

Nevertheless, the global market is restrained by factors like significant initial investment costs and complexity of design. The cost of developing customized solutions depending on computer on modules could be high, thus refraining small companies from adopting. Moreover, design with computer on modules need pre-defined levels of specialization in embedded systems, which could create obstacles for a few companies. Despite these challenges, the market is anticipated to grow considerably owing to opportunities like improvements in machine learning and artificial intelligence and rising focus on eco-friendly and energy-efficient technologies.