According
to a new market report published by Transparency Market Research
“System-on-Chip (SoC) Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast, 2015 - 2021”, the soc market
was valued at USD 35.95 Billion in 2014 and is expected to reach USD
71.98 Billion by 2021, growing at a CAGR of 10.5% from 2015 to 2021.
Browse
the full System-on-Chip (SoC) Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2015 - 2021 report at
http://www.transparencymarketresearch.com/soc-market.html
Increase
in the demand of smarter and power efficient electronic devices,
declining cost per function of integrated circuits (IC) and
increasing demand for multi-core technologies and embedded graphics
are the major driving factors for the SoC market. SoCs are being
utilized by all smart electronic devices currently, such as smart
phones, wireless communication equipments, automotive body
electronics and electrocardiogram (ECG) telemetry devices. The
increasing demand for energy efficient devices has led to development
of newer SoCs which are smaller in size, functions faster than their
predecessors and even consumes much lesser power. Moreover, the
increased demand for multi-core technologies and embedded graphics
has led to development of advanced SoCs having such features. With
further advancements of SoC technologies and increased manifestation
of Moore’s law, the global SoC market is expected to grow at a
decent rate during the forecast period from 2015 to 2021.
By
application, market is divided into four segments: telecommunication,
consumer electronics, automotive and others. In 2014, consumer
electronics devices were the largest usage section of SoC, and are
expected to remain same through the forecast period. The growth is
attributed due to increase in advancement of smart consumer
electronic devices such as smart phones, smart watches and tablets in
term of features. Also, increasing demand for reduction in power
consumption of consumer electronic devices globally helps in the
growth of development of newer chip-scale configurations.
Browse
the full Press release:
The
global SoC market has been segmented into four regions: North
America, Europe, Asia Pacific (APAC) and Rest of the world (RoW).
APAC held the largest market share in 2014, by device usage. Rapid
adoption of smart consumer electronics, increase in number of
internet users and increased acceptance of connected devices are
primarily driving the demand of SoC in APAC.
soc-market
Some
of the major players in the market are Apple, Inc. (US), Broadcom
Corporation (US), Freescale Semiconductor, Inc. (US), Infineon
Technologies AG. (Germany), Intel Corporation (US), Qualcomm, Inc.
(U.S.), Samsung (South Korea.), STMicroelectronics N.V.
(Switzerland), Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan),
Toshiba Corporation (Japan) and MediaTek Inc. (Taiwan). The report
provides estimates in terms of revenue (USD Billion) from 2015 to
2021 by studying the global SoC market. Competitive analysis of
various market segments based on the types, applications in various
industry verticals and in-depth scrutiny of the SoC market across
different geographic segments falls under the scope of the report.
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