System-on-Chip (Soc) Market Is Expected to Reach Usd 71.98 Billion in 2021
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- Date Submitted: 08/11/2015 12:27 AM
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According to a new market report published by Transparency Market Research “System-on-Chip (SoC) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2021”, the soc market was valued at USD 35.95 Billion in 2014 and is expected to reach USD 71.98 Billion by 2021, growing at a CAGR of 10.5% from 2015 to 2021.
Browse the full System-on-Chip (SoC) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021 report at http://www.transparencymarketresearch.com/soc-market.html
Increase in the demand of smarter and power efficient electronic devices, declining cost per function of integrated circuits (IC) and increasing demand for multi-core technologies and embedded graphics are the major driving factors for the SoC market. SoCs are being utilized by all smart electronic devices currently, such as smart phones, wireless communication equipments, automotive body electronics and electrocardiogram (ECG) telemetry devices. The increasing demand for energy efficient devices has led to development of newer SoCs which are smaller in size, functions faster than their predecessors and even consumes much lesser power. Moreover, the increased demand for multi-core technologies and embedded graphics has led to development of advanced SoCs having such features. With further advancements of SoC technologies and increased manifestation of Moore’s law, the global SoC market is expected to grow at a decent rate during the forecast period from 2015 to 2021.
By application, market is divided into four segments: telecommunication, consumer electronics, automotive and others. In 2014, consumer electronics devices were the largest usage section of SoC, and are expected to remain same through the forecast period. The growth is attributed due to increase in advancement of smart consumer electronic devices such as smart phones, smart watches and tablets in term of features. Also, increasing demand for reduction in power...
Browse the full System-on-Chip (SoC) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021 report at http://www.transparencymarketresearch.com/soc-market.html
Increase in the demand of smarter and power efficient electronic devices, declining cost per function of integrated circuits (IC) and increasing demand for multi-core technologies and embedded graphics are the major driving factors for the SoC market. SoCs are being utilized by all smart electronic devices currently, such as smart phones, wireless communication equipments, automotive body electronics and electrocardiogram (ECG) telemetry devices. The increasing demand for energy efficient devices has led to development of newer SoCs which are smaller in size, functions faster than their predecessors and even consumes much lesser power. Moreover, the increased demand for multi-core technologies and embedded graphics has led to development of advanced SoCs having such features. With further advancements of SoC technologies and increased manifestation of Moore’s law, the global SoC market is expected to grow at a decent rate during the forecast period from 2015 to 2021.
By application, market is divided into four segments: telecommunication, consumer electronics, automotive and others. In 2014, consumer electronics devices were the largest usage section of SoC, and are expected to remain same through the forecast period. The growth is attributed due to increase in advancement of smart consumer electronic devices such as smart phones, smart watches and tablets in term of features. Also, increasing demand for reduction in power...