- The key vendors in the Global SoC Test Equipment Market 2015-2019 are Advantest Corp., LTX-Credence Corp. and Teradyne Inc.
London, 27 February 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global SoC Test Equipment Market 2015-2019. One of the major trends is the rise in demand for high-quality SOC test equipment because of the increased miniaturization of the electronic devices. The short replacement cycle of portable electronic devices is another key trend in the market. Thus, the combined effect of various emerging trends is expected to propel the growth of the Global SOC Test Equipment market during the forecast period. The overall market is expected to grow at a CAGR of 1.1 percent during the forecast period of 2014-2019.
The market is expected to witness slow growth due to the continuous changes in technology that has lead to design complexities in ICs. To accommodate these advanced IC designs, SOC test equipment manufacturers have started to incur costs in the production of advanced equipment. Vendors in the market are currently focusing on manufacturing miniaturized personal electronic products that consume less power.
“Semiconductor IC manufacturers are expected to witness an increased demand for chips in devices such as desktop PCs, notebooks, netbooks, tablets, cellphones, and smartphones during the forecast period,” says Faisal Ghaus, Vice President of TechNavio Research.
“Market vendors such as Advantest and Teradyne have invested a considerable amount of time and money in their R&D to expand their product portfolios. These vendors are increasingly investing in their R&D divisions to provide better functionality and meet the unsatisfied requirements of end-consumers.”
To define the market conditions 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.
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