Market Trends of Motherboard Industry
This section covers the major market trends shaping the Motherboard Market according to our research experts:
Industrial Segment to Hold Significant Market Share
- According to IBEF, Indian domestic electronics production increased from USD 29 billion in 2014-15 to USD 67 billion in 2020-21. India is recognized as a significant manufacturing powerhouse. About 3.4% of India's GDP is derived from the country's electronics industry. The government has allocated nearly USD 17 billion to four PLI Schemes: IT hardware and components, smartphones, semiconductors, and design. Such massive investments will create opportunities for local motherboard players to develop new products and serve different consumer electronic products.
- According to the Directorate General of Commercial Intelligence and Statistics, the export value of computer hardware from India is approximately USD 415 million at the end of the current fiscal year. This was a significant increase from the previous year, thus driving the demand for the motherboard.
- Germany is focused on the 2030 vision for Industry 4.0 in three strategic action fields: autonomy, interoperability, and sustainability. In this 2030 vision, the stakeholders of the platform Industry 4.0 presents a holistic approach to shaping the digital ecosystem in the region. Working on the specific situation and established strengths of the German industry base, they aim to create a framework for a future data economy in line with the requirements of a social market economy, emphasizing open ecosystems, diversity, and plurality and supporting competition between all the stakeholders of the market.
- Furthermore, the market for industrial motherboards is growing due to vendors rolling out highly integrated motherboard units in various form factors. For instance, in October 2021, ASUS IoT announced N51051I-IM-A, a Mini-ITX industrial motherboard designed for the Intel Celeron N5105 quad-core processor offering numerous I/O ports, advanced connectivity, and flexible customization in a compact board, N51051I-IM-A is ideal for space-restricted installations.
- In April 2022, the Taiwanese company ASRock released the latest Intel 12th Gen Core Processors (Alder-Lake-S) with 16 cores and 24 threads. ASRock anticipates that various applications, such as smart cities, healthcare, edge artificial IoT, factory automation, kiosks, etc., may embrace their high-performance motherboards.
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North America to Witness Significant Growth
- According to GSMA Mobile Economy North America 2021, 327 million North Americans, or 83% of the country's population, would have mobile service subscriptions by the end of 2020. As a result, North America has one of the most developed mobile marketplaces globally. By the next few years, 5G will account for almost two-thirds of total mobile connections, equivalent to nearly 270 million connections. Such massive adoption of smartphones in the region and an increase in the adoption of 5g will significantly drive the motherboard market.
- The increased adoption of video streaming apps on mobile devices and televisions to watch movies, TV shows, and live events on demand, has driven the demand for the gaming industry in the country. Moreover, many consumers want to play the latest games without requiring a new PC or a console. This has aided the development of more unique formats as well. Such developments in the gaming industry will significantly create an opportunity for the market studied to grow.
- As per a study by the ESA, more than 227 million players across the United States region played video games last year. In total, 80% of the players were over 18 years old. Furthermore, 76% of American kids under 18 years are players. In addition, 74% of American households have at least one video game player in their household. Additionally, 71% of parents agreed that video games had been a much-needed break for their children during the pandemic. Additionally, 66% of parents agree that video games made the transition to distance learning more accessible.
- In August 2022, a new Center for Organizational Readiness for Enterprise 4.0 (CORE4.0) was established at the University of Louisville to assist businesses in being ready for connected and smart technologies, including automation, AI, and the Internet of Things. The center is expected to offer research, evaluation, recommendations, and workforce development to industries looking to adopt the disruptive technology at the heart of the fourth industrial revolution. The center is supported by a new roughly USD 500,000 grant from the US Economic Development Administration. Developments toward industry 4.0 in the region will drive the demand for the market studied.
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