The global SoC market is poised to reach at market size of USD ~81 billion by end of year 2022 at ~13% of compound annual growth rate. Growing application areas of SoC and high demand for consumer electronic equipment are driving the global market.
SoC is microchip which comprises components such as CPU, GPU, Northbridge, cellular radios and other circuits. These SoCs are designed for small gadgets such as smartphones, wearable’s devices and many other electronic equipment’s. Growing demand for these products is directly associated with the global market of SoC and it is expected that in next coming years, the IT industry will witness heavy proliferation of techno which fuel the global market of SoC.
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The prominent players in the System on a Chip Market are – Broadcom Corporation (U.S.), Infineon Technologies AG (Germany), Qualcomm Inc., (U.S.), Texas Instruments Inc., (U.S.), Intel Corporation (U.S.), Freescale Semiconductor, Inc., (US), Toshiba Corporation (Japan), MediaTek Inc. (Taiwan), STMicroelectronics N.V. (Switzerland) and Samsung (South Korea), among others.
Scope of Report:
The Study on Global System on a Chip Market comprises a deep analysis of the market segment by type and by application. The global market of SoC has been segmented on the basis of type and application. By type, the market has been segmented into digital and analog among other where digital SoC is dominating the market. Changing technological environment and arrival of touch screen technology and artificial intelligence is helping the digital SoC market.
On the basis of application the market has been bifurcated into- consumer electronics, automotive, IT & telecommunication, healthcare among others. Consumer Electronic segment is dominating the market into application segment. High demand for consumer electronic equipment such as smartphones, tablets and wearable devices are giving boost to the market. Also, need of efficient fast communication devices is also playing vital role in the growth of SoC market.
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Today, smartphones and tablets are two devices which is backing up the market growth of SoC but it won’t be the last product. As IT industry is growing, the new products will keep coming into picture which will require more ICs on their hardware and will need to be more powerful and fast than the products which are available today. SoC will be a prominent components of those technological products and is expected to sustain into market for at least next two decades.
Market Research Analysis:
The global market of system on a chip is growing significantly. SoCs have not become smaller but also intelligent and the main reason behind in Internet of Things. IoT is not only playing vital role in the heavy adoption of SoCs but also expected to drive the market in the upcoming year. Concepts such as smart home and smart cities will be equipped with lots of sensors and will be transmitting real time information to the server. This will be only possible if these sensor have a strong and efficient hardware. Due to the small size in nature with bundle of benefits, the demand for SoCs will rise and with growth of the technology, it will improve.
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