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Market ScopeConsumer electronics is a high end-user of system-on-chip (SoCs). Hike in the sales volume of electronic gadgets is likely to surge the global system-on-chip (SoCs) market, reveals Market Research Future (MRFR). MRFR states that the global System on Chip Market is expected to expand at a CAGR of approximately 8% over the forecast period (2017-2023) and scale to a valuation of about USD 207.21 billion by 2023.
Market Insights
The semiconductor industry is a high-end user of System on chip. SoCs is gaining popularity due to the widespread application of semiconductors. The growing use of SoCs in transistors, memory units, control units and others are expected to bolster the growth of the global market. Consumer electronics is another prominent end-users of SoCs. The growing inclination of people towards electronic gadgets is expected to gain traction for the global market. Moreover, a greater number of people inclining towards a luxurious lifestyle is escalating the sales number of consumer electronics. This is also likely to boost the growth of the global market. Hike in per capita income is another factor that is anticipated to drive the global market of system on chip. However, high cost for design and maintenance are constraints that are likely to hinder the global market growth.
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Key Players
The major players in the system-on-chip market are Intel Corporation, Qualcomm Incorporated, Samsung Electronics Ltd, NXP Semiconductors N.V., Toshiba Corporation, Broadcom Limited, STMicroelectronics N.V., Apple Inc, MediaTek Inc, and Taiwan Semiconductor Manufacturing Company Limited.
Other players in the system-on-chip market are Infineon Technologies, Maxim Integrated Products Inc, Microchip Technology Inc, Texas Instruments, ON Semiconductor and many others.
Segmental Overview
The global system on chip market has been segmented on the basis of type, product, fabrication methodology, and application.
• Based on the type, the global system on chip market has been segmented into digital, mixed signal, analog, and others.
• Based on the product, the global system on chip market has been segmented into advanced basic, performance multicore, and value multicore. Numerous application of performance and value multicore is likely to boost the market growth.
• Based on the fabrication methodology, the global system on chip market has been segmented into full custom, FPGA, and standard cell.
• Based on the application, the global system on chip market has been segmented into consumer electronics, automotive, telecommunication, and others. The electronics segment is anticipated to contribute significantly to the market growth. The telecommunication segment is expected to show a healthy growth pattern.
Regional Outlook
By region, the system on chip market has been analyzed across Asia Pacific, North America, Europe, the Rest of the World (RoW).
Asia Pacific is likely to lead in the global system on chip market. An escalation in the sales volume of consumer electronics due to increasing urban migration can spur the growth of the APAC system on chip market growth in the foreseeable future. Rapid industrialization is expected to boost the regional system on chip market. In North America, the system on chip market is expected to gain momentum due to technological trends such as IoT and AI. The Europe market is likely to exhibit a steady growth.
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Intended Audience
• SoC Manufacturers
• SoC Distributors
• Research/Consultancy firms
• Vendors from various industry verticals such as Automotive, and Electronics & Semiconductors among others
• OEMs
• Semiconductor Manufacturers
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Release ID: 88917834
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