Market Synopsis
The system-on-chip market 2020 is all set to jump from the valuation of USD 131.83 billion it reached in 2017 to touch USD 207.21 billion by 2023, affirms Market Research Future (MRFR). MRFR anticipates that the global market can procure a CAGR of 8.3% from 2018 to 2023 (review period). We will provide COVID-19 impact analysis with the report, offering detailed market developments following the coronavirus disease outbreak.
Main Drivers and Key Challenges
With the world taking shelter inside their homes since the COVID-19 outbreak and the consequent lockdown, the semiconductor industry, especially the system on chip/SOC market has had to deal with fluctuating demand and supply ratio. SARS-CoV-2 has led to a dramatic drop in the sales of system on chips, given the rising need for essential items following the pandemic. On the bright side, with the novel coronavirus compelling people to remain and work from home, it is believed that the system on chip demand can increase in the following months. Advanced technologies such as AI, IoT, rising need for better internet connectivity, and surging use of affordable smart wireless sensors can also help the SOC market generate massive revenues in the near future.
Read more@ https://www.marketresearchfuture.com/reports/system-on-chip-market-2207
Market Segmentation
Type and application are the main segments based on which which the system-on-chip (soc) market has been studied in the report.
The key types covered in the market study are digital signal, mixed signal and analog signal.
The primary application areas highlighted in the report include healthcare, consumer electronics, automotive, telecommunication, and more.
Regional Insight
The geographical distribution of the system-on-chip market comprises Europe, Asia Pacific/APAC, North America, and the rest of the world/RoW.
The world leader is expected to be APAC, as the SoC market in the region is expanding significantly on account of the high demand for top quality consumer electronics across India, China, Taiwan, Japan and South Korea. The favorable internet ecosystem in the region has also benefitted the market to a large degree, but with the COVID-19 outbreak, online businesses have gained even higher impetus. This has resulted in a highly lucrative market for SOC in the region.
Top Market Competitors
The top market competitors covered in the study are Taiwan Semiconductor Manufacturing Company Limited, NXP Semiconductors N.V., Apple Inc, Broadcom Limited, MediaTek Inc, STMicroelectronics N.V., Qualcomm Incorporated, Samsung Electronics Ltd, Toshiba Corporation, Intel Corporation, and more.
Some other leading contenders in the market are Microchip Technology Inc, ON Semiconductor, Infineon Technologies, Maxim Integrated Products Inc, Texas Instruments, to name a few.
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