System on Chip Market in Consumer Electronics Segment is Expected to Hold Major Industry Share By 2025

Consumer electronics accounted for the majority of the industry share in the system on chip market. The components when incorporated help device manufacturers in developing smarter and cost-effective product designs and provide flexibility, processing performance, and headroom for delivering advanced revenue-generating products & services. Several smart functions and features provided by the manufacturers in their electronic appliances add value to the offerings and deliver sophisticated solutions to the consumers.

Mixed signal technology is witnessing a high adoption in the system on chip market owing to growing applications of these components in several industrial sectors. The applications of these components are growing in several industrial sectors such as consumer electronics, healthcare, and computers & ICT. Several advantages of these components are high efficiency, smaller form factor, and reduction of electromagnetic interference. Manufacturers are engaged in integrating the technology to provide advanced and efficient electronic solutions to the customers. Such technological advancements and innovations in the consumer electronics sector will propel the system on chip market growth.

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Growing demand for low power consumption devices will provide an impetus to the system on chip market growth. Industrial sectors depend on advanced energy-efficient technologies for reducing their overall cost & expenses. The rising environmental concerns in these industries are encouraging the adoption of such technologies. Several components are integrated into the electronic arrangements to develop a circuit that will provide advanced energy-efficient solutions.

The high cost involved in the production of these chips is restraining the system on chip market growth. The design or production cost of such systems depends on the requirements of the functionality of the devices. Increasing cost of the components that are integrated into the systems is also responsible for the high price of these systems. Several features such as power consumption, enhanced performance & efficiency, better operability, and reliability require advanced components that cost higher and account for the rise in the cost of integrated systems.

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The Asia Pacific system on chip market is experiencing a high growth owing to the rise in demand for the smart consumer electronic products in the region. The manufacturers are offering advanced features in their products that require suitable electronic arrangements to support these functions. Moreover, the increasing adoption of IoT technology in these smart devices is expected to drive the system on chip market.

Key players operating in the system on chip market are Broadcom Ltd., Apple, Inc., Intel Corporation, Infineon Technologies, Samsung Electronics, Co., Ltd., Qualcomm, Inc., STMicroelectronics N.V., Toshiba Corporation, Taiwan Semiconductor Manufacturing Co., Ltd., Mediatek, Inc., Huawei Technologies, and Spreadtrum Communications. Players in the SoC market are engaged in adopting several strategies to capture a widespread customer base and expand their business operations. For instance, in September 2018, Intel, Inc. acquired Netspeed Systems, Inc. that will help them build a strong foothold in the industry. Such technologies are improving the performance and efficiency and are extending the lifecycle of the devices.

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