System-on-Chip (SoC) Market Set to Witness Significant Growth in the Coming Years

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.

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.

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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.

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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.

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.

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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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This release was published on openPR.