London, 23 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the global SoC market 2015-2019, which is expected to grow at a CAGR of 6.50% during the forecast period of 2014-2019.
Growth in the automotive industry is expected to augment the demand for System-on-Chip (SoC) technology globally. Developing markets like China and India are expected to witness a surge in automobile demand. Consequently, the adoption of SoCs in automotive applications such as stereo systems is increasing. The SoC technology helps to reduce power consumption and increases the overall reliability of the entire system. Also, factors like short product replacement cycle and new product innovations also aid in augmenting the demand for SoC technology.
“Over the years, there has been a rise in the trend for miniaturization of electronic devices. The demand for small and compact size devices has been in every sector, be it smartphones, tablets, automotive, industrial, or healthcare equipment,” says Faisal Ghaus, Vice President of Technavio.
“This trend has forced the manufacturers to deploy small ICs and other components to decrease the overall size of the device. Also, with the emergence of 3D chip packaging, the overall size of the device can be reduced by stacking the ICs vertically and even horizontally.”
Key Market Drivers:
- Reducing Cost per Function of ICs.
- Rise in Demand for High-performance Electronic Devices.
- Price and Performance Advantages.
- Faster Product Replacement Cycle.
- Increase in New Product Development.
Key Market Trends:
- Increased Investments in R&D.
- Increased IoT and Mobile Device Spending.
- Miniaturization of Electronics.
- Modern SoC Designs.
- Introduction of Fully Integrated 3D Printer SoC Solutions.
Key Market Vendors:
- Apple Inc.
- Intel Corp.
- MediaTek Inc.
- Qualcomm Inc.
- Samsung Electronics Co. Ltd.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
