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The Indian Soc Testing Platform Market Is Expected To Reach A Valuation Of US$36 Million In 2022, Unveils Fact.MR
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SoC Test Platform Market Historical Analysis (2017-2021) Vs. Market Outlook (2022-2032)
North America-based SoC test platform market is expected to have a revenue share of 13% in 2022.
Europe is presumed to hold market value of around US$ 484 Mn in 2022 owing to high technology adoption rate.
Digital SoC as type is expected to experience a growth rate of around 12%.
By platform type, technology-driven platforms are set to hold a market share of more than 3/4 by the end of 2032.
Mobile computing as application is expected to expand at a CAGR of 13% over the period of 2022-2032.
Under end-use industry, automotive is expected to hold a market share of around 14% by the end of 2032.
What's Driving Need for SoC Test Platforms in India?
"Increasing Industrialization in India to Drive Sales of SoC Test Platforms"
The India SoC test platform market is expected to reach a valuation of US$ 36 Mn in 2022.
Developing nations such as India have caught the attention of manufacturers because of increasing industrialization and urbanization in the country. Many companies have undertaken huge expansion efforts in India by opening facilities and launching new products.
As the development of 5G is underway in India, demand for semiconductors has risen exponentially. This has proved to be an opportunity for SoC test platform manufacturers to enter this market with advanced products.
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Key Segments Covered in the SoC Test Platform Industry Research
SoC Test Platforms Market by Solution:
hardware
software
Services
SoC Test Platforms Market by Platform Type:
Technology-driven platforms
Application Driven Platforms
SoC Test Platforms Market by Type:
Digital SoC test platforms
Analog SoC test platforms
Mixed-Signal-SoC-Testplattformen
SoC Test Platforms Market by Application:
Embedded Systems
Mobile Computing
Computers
display systems
microcontroller
Others
SoC Test Platforms Market by End-Use Industry:
consumer electronics
IT and Telecom
Car
Manufacture of computer equipment
Others
SoC Test Platforms Market by Regions:
SoC Test Platform Market in North America
SoC Test Platform Market in Latin America
European market for SoC test platforms
SoC test platform market in East Asia
SoC Test Platforms Market in South Asia and Oceania
Middle East and Africa SoC Test Platforms Market
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What factors are driving the demand for SoC test platforms?
"Growing Popularity of Smart & Connected Homes to Create Market Opportunity "
The improvement in the world economy and the increase in disposable income are two major factors that have affected living standards and lifestyles. Demand for luxury homes is increasing, driving innovation in home networking technologies. This in turn supports the trend towards connected homes and smart homes.
Both smart and connected homes primarily use advanced technologies such as artificial intelligence (AI) and Internet of Things (IoT) made up of ICs and are connected via wireless networks. With the increasing inclination of consumers to live a comfortable life, smart and connected home technology has increased. This drives the application possibilities for SoC test platforms.
"Industry 4.0 as an unavoidable boost to innovation"
Intelligent manufacturing techniques have received an enormous boost with the introduction of Industry 4.0. The demands for automation, real-time monitoring, and network and real-time data analysis have become an inherent aspect of the smart manufacturing environment as industries become smarter.
Intelligent manufacturing methods often require the introduction of sensors and an IT infrastructure to cost-effectively coordinate work in an optimized environment. As a result, demand for integrated circuits has increased across a wide range of industries as they work toward the ultimate goal of an IoT-enabled ecosystem and smart manufacturing. This in turn creates a demand for SoC test platforms to test chips.
"Increasing global digital revolution to increase SoC test platform sales"
The global digital revolution is the shift from mechanical technology and analog electronics to electronic digital devices. All major manufacturing industries are going digital due to benefits such as remote monitoring and data analysis services.
In the future, the production of SoC test platforms will continue to increase with the growing demand for electronics and ICs. With the increase in overall sensor utilization for digitization in numerous end-use industries, SoC test platforms are also gaining demand from these industries due to the need for installation, repair and maintenance activities.
These factors will fuel the growth of the SoC test platform market in the long term.
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