System on-a-Chip (SoC) Market Analysis | Coherent Market Insights presentation

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Title: System on-a-Chip (SoC) Market Analysis | Coherent Market Insights

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SYSTEM ON-A-CHIP (SOC) MARKET ANALYSIS

System on-a-Chip (SoC) Market, by Type (Digital,
Analog, and Mixed Signal), by End-use Industry
(Automotive, Aerospace Defense, IT
Telecommunication, Consumer Electronics,
Industrial, Healthcare, and Others), and by
Region (North America, Europe, Asia Pacific,
Latin America, Middle East, and Africa) - Size,
Share, Outlook, and Opportunity Analysis, 2019
2027
The global system on a chip (SoC) market was
valued at US 124.6 Bn in 2018 and is expected to
exhibit a CAGR of 7.8 during the forecast period
(2019-2027).

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Market Drivers

Growing demand of system on a chip (SoC) for
smart phones is expected to drive growth of the
global System on a Chip (SoC) Market during the
forecast period
Every smartphone device requires a system on a
chip for its operations. The global smartphone
market is growing at an exponential rate, owing
to availability of high-end smartphones
technologies at a low-cost. For instance,
according to Coherent Market Insights analysis,
in September 2019, Xiaomi Inc. launched Mi 9 Pro
for US 500. This phone has the same system on a
chip (SoC), (Snapdragon 855), earlier this chip
was available in high prices segment phones such
as Samsung Galaxy Z Flip (US 1,380) or Samsung
Galaxy S10 Plus (US 999.99). This change of
focus of the companys strategies from high-end
segment to mid-range smartphones is driving
demand for smartphones, as more people can afford
these smartphones.
Furthermore, increasing disposable income of
people and rising dependency of consumers on
smartphones are driving demand for smartphones.
For instance, according to data published on
website by Organization for Economic Co-operation
and Development, the U.S. has registered 2.3
growth in year 2017-2018. Thus, availability of
mid-range smartphones combined with increasing
disposable income of people are expected to drive
the global system on a chip (SoC) market over the
forecast period.

Among regions, North America region held a
dominant position in the low smoke halogen-free
cable market in 2019, accounting for 37.5 share
in terms of value, followed by Asia Pacific,
Europe, Latin America, and MEA respectively.

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Market Restraints

High research and development cost of system on a
chip is expected to restrain growth of the global
system on a chip (SoC) market over the forecast
period.
In recent years technology is continuously
evolving, several industries are adopting
automation and digitization. These changes in
technology and automation may bring opportunities
to the key players to enter into new market but
with high initial research and development costs
on system on a chips (SoC). Due to increasing
customization of SoC for various products,
companies need to focus on various RD projects
at the same time. This will increase companies'
project costs and increases the probability of
product failure. These factors are expected to
hamper the market growth over the forecast period.

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Market Opportunities

Growing demand for artificial intelligence chip
technology is expected to create lucrative growth
opportunities for market players in the global
system on a chip (SoC) market.
The edge AI chips are significantly used in
consumer devices such as high-end smartphones,
smart speakers, tablets, wearable, and others.
These are also used in multiple enterprise
markets such as robotic devices, cameras,
internet of things (IoT) devices, and others.
Both these markets are important, however edge AI
chips market for the consumer devices is much
larger than the enterprise market, but it is
expected to grow at a slow rate. The increasing
demand for the AI edge chip market for consumer
devices and enterprise devices are expected to
offer lucrative growth opportunities for key
players over the forecast period.

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Global System on a Chip (SoC) Market Segment
Information

Among type, digital segment held a dominant
position in the global system on a chip (SoC)
market in 2018, accounting for 42.6 share in
terms of value, followed by analog, and mixed
signals respectively.

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Competitive Section

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Key Developments

Key manufacturers are focusing on product
launches, in order to enhance their product
portfolio. For instance, in December 2019,
Qualcomm Incorporated, a U.S.-based semiconductor
company launched Snapdragon 865, the companys
flagship processor for smartphone devices.
Through this product, company is offering better
performance in AI processing, photography, and
gaming for smartphones.
For instance, in September 2019, Apple Inc.
launched new SoC, A13 Bionic Chip. This chip
comes with companys newly launched smartphone
series, Apple iPhone 11.

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Reference https//www.coherentmarketinsights.com/m
arket-insight/system-on-a-chip-soc-market-3755

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About Us

Coherent Market Insights is a global market
intelligence and consulting organization focused
on assisting our plethora of clients achieve
transformational growth by helping them make
critical business decisions.
What we provide
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