Global System-on-Chip (SoC) Market 2019-2023 | Increase in 5G Investments to Boost Market Growth | Technavio
This research report provides an in-depth analysis of the market in terms of revenue, top drivers and emerging market trends.
New market research study by Technavio on the global
system-on-chips (SoC) market projects the market to grow
at a CAGR of more than 6% during the period 2019-2023. This research
report provides an in-depth analysis of the market in terms of revenue,
top drivers and emerging market trends. It also includes detailed
insights and forecasts for all the market segments across different
geographies.
This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20190522005427/en/
Technavio has published a new market research report on the global system-on-chip (SoC) market from 2019-2023. (Graphic: Business Wire)
Growing adoption of SoCs in robotics
Robotics are increasingly being adopted in various process and discrete
manufacturing industries including automotive, healthcare, electronics,
and military and defense. SoCs are integrated into robots as they
include embedded software and hardware, which can help reduce the time
to market and the total cost of ownership. SoCs provide network
interfaces, operating system drivers, and machine learning frameworks,
which are essential for robots. As SoCs are highly suitable to be
integrated into robotics, the growing demand for robotics across
numerous applications will fuel the growth of the SoCs market during the
forecast period.
Looking for more information on this market? Request
a free sample report
Technavio’s sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.
Increase in 5G investments
5G, the next generation of communication technology, is gaining immense
popularity across the world. There have been numerous investments in 5G
globally in recent times, which is creating high demand for 5G network
infrastructure. This is accelerating the development of electronic
components and modules including 5G mmWave antenna modules, 5G base
stations, and several 5G RF products. To capitalize on the growing
investments in 5G, SoC vendors are introducing products that support 5G
to enter a wide range of application segments. Thus, an increase in the
investments in 5G will propel the adoption of SoCs during the forecast
period.
According to a senior analyst at Technavio, “The SoCs market is
witnessing an increase in the number of strategic partnerships and
acquisitions among SoC manufacturers and other stakeholders including
telecommunication network service providers, smartphone manufacturers,
and semiconductor IP providers. Such partnerships will allow vendors to
expand their product portfolio, improve their geographic presence, and
expand their sales and distribution networks.”
Dependency of SoC vendors on IP core providers
Semiconductor manufacturers mostly rely on IP providers for the
development of high-performance SoCs. However, integrating acquired
semiconductor IP blocks from third-party vendors into SoCs is
challenging. The complexity of IP integration and the IP design
increases the number of IP blocks used, which doubles the total cost of
acquiring IPs and increases the production time cycle. This will pose a
high challenge to SoC designers when it comes to integrating an acquired
IP core on a design IP base. However, companies are adopting exhaustive
measures to tackle these challenges, which will positively impact market
growth during the forecast period.
Top players in the global system-on-chips (SoC) market:
- Apple Inc.
- Huawei Technologies Co. Ltd.
- MediaTek Inc.
- Qualcomm Technologies Inc.
- SAMSUNG ELECTRONICS CO. LTD.
Some of the key topics covered in the global
system-on-chips (SoC) market include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio
is a leading global technology research and advisory company. It
provides detailed market research reports that provide clients with
actionable insights to help them identify market opportunities and
design effective strategies to optimize their market position.
With over 500 specialized analysts, Technavio boasts of an extensive
report library comprising of over 10,000 reports, covering 800
technologies, spanning across 50 countries. Their client base consists
of enterprises of all sizes, including more than a hundred Fortune 500
companies. This growing client base relies on Technavio’s comprehensive
coverage, extensive research, and actionable market insights to identify
opportunities in existing and potential markets. Technavio helps
companies to assess their competitive position within changing market
scenarios.
If you are interested in more information, please contact our media team
at [email protected].
View source version on businesswire.com: https://www.businesswire.com/news/home/20190522005427/en/