Press release
System-on-Chip And Their Influence On The Corporate World
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System-on-chip (SoC) applications are majorly adopted in the Asia-Pacific region; thus, this region contributes to maximum revenue in the global market, followed by North America, Europe, and LAMEA.
The global system-on-chip market is driven by the compact nature of SoC, surge in demand for smart and power-efficient electronic devices, and high penetration of IoT. However, high initial cost of design & development and maintenance hamper the market growth.
In 2016, the mixed signal segment dominated the SoC type segment, in terms of revenue. Furthermore, based on application, consumer electronics led the global market, followed by telecommunications in 2016. However, the automotive segment is expected to witness the highest CAGR throughout the forecast period (2017-2023).
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Asia-Pacific is expected to lead the global system-on-chip market throughout the forecast period, followed by North America. In 2016, China led the overall system-on-chip market in terms of revenue. Similarly, U.S. led the market in North America and Germany in Europe. However, LAMEA is expected to register the highest CAGR.
Key Findings of the System-on-Chip Market:
• The mixed signal segment generated the highest revenue in the global system-on-chip market in 2016.
• In 2016, consumer electronics generated the highest revenue among the application segment.
• LAMEA is anticipated to exhibit the highest CAGR during the forecast period.
• In 2016, Asia-Pacific accounted for the highest market share, followed by North America, Europe, and LAMEA.
The key players profiled in the report are Intel Corporation, Samsung Electronics Co. Ltd., Qualcomm Incorporated, Toshiba Corporation, NXP Semiconductors N.V., Broadcom Limited, STMicroelectronics N.V., Apple Inc., MediaTek Inc., and Taiwan Semiconductor Manufacturing Company Limited.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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