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Global System-on-Chip Market to Hit $71.98B by 2021
August 7, 2015 | Business WireEstimated reading time: 1 minute
A new study on the system-on-chip (SoC) market published by Transparency Market Research (TMR) determines that the market stood at US$35.95 Billion in 2014. The report, titled “System-on-Chip (SoC) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021”, estimates the global SoC market to expand at a CAGR of 10.5% during the forecast period from 2015 to 2021 and reach a value of US$71.98 billion by the end of the forecast period.
According to the report, the rising demand for smart and power-efficient electronic devices is the prime factor driving the global SoC market. Another significant factor fueling the SoC market is the increasing demand for embedded graphics and multi-core technologies. However, the cyclical nature of the global semiconductor industry is expected to hamper the growth of the system-on-chip market over the forecast period.
The market study states that in 2014, the consumer electronics devices industry emerged as the largest end user of SoC. The market segment is expected to continue to dominate the SoC market over the forecast period.
Mixed signal SoC leads the global SoC market, based on product type. The rising demand for smart devices equipped with advanced functionalities is the key driver of the mixed signal SoC market. The market segment is expected to maintain its leading position during the forecast period.
Asia Pacific is the biggest SoC market, followed by North America and Europe. The APAC regional market is predicted to maintain its dominance over the forecast period.
The research report also analyzes the competitive landscape of the global SoC market by evaluating the company profile of major players in the market, including Intel, STMicroelectronics, Freescale Semiconductor, Apple, Toshiba, Qualcomm, Taiwan Semiconductor Manufacturing, MediaTek, Samsung Electronics, Infineon Technologies, and Broadcom.
About TMR
Transparency Market Research (TMR) is a U.S.-based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.
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