At 8.15% CAGR, System-On-Chip Market Size, Share and Demand Rising Due to Covid Pandemic till 2027, says Brandessence Market Research
As demand for advanced chips to drive growth of small smart devices like wearable watches grows, the innovation remains key to growth of the SOC market.
- As demand for advanced chips to drive growth of small smart devices like wearable watches grows, the innovation remains key to growth of the SOC market.
- Demand for advanced functions like automated tracking, signaling, monitoring, connecting, and digital communication has led to robust innovation of advanced nano-chips.
- As demand for functionality rises, simultaneously, demand for smaller chips with more functions, storage, and faster speed rises.
- This has created a tremendous demand for completely new innovation in chips catering to AI-driven cars, telecommunication, consumer electronics, healthcare devices, and industrial applications.