SoC market to top $317.8 valuation

0

Wilmington, Delaware, USA, June 23, 2022 (GLOBE NEWSWIRE) — The system-on-chip market share has grown steadily in recent years through the application of technology in large-scale data centers, ADAS automobiles and chip architectures used in the consumer electronics spectrum. The growth of the global system-on-chip (SoC) market is increasingly fueled by the need for hardware miniaturization, improved power efficiency, and high-performance microcontrollers across a wide range of applications. A TMR report on the system-on-chip market forecasts that the global valuation will grow at a CAGR of 8.1% from 2022 to 2031.

New system-on-chip technologies and innovative designs, including in mixed-signal SoCs (MxSoCs) and organ-on-chips, are increasingly being applied and have opened up new frontiers in the system-on-chip market. The growing use of these in medical monitoring devices and a host of machine learning (ML) applications are driving revenue growth, underscore many of the recent trends in the system-on-a-chip (soc) market.

The past few years have witnessed rapid R&D in ADAS-based system-on-chip (SoC), which has greatly expanded the market outlook for the system-on-chip (soc) industry. The use of products in the system-on-chip market has proliferated with the penetration of the IoT system for industrial and commercial applications, thanks to the constant upgrading of mobile devices.

Get a PDF brochure for more information – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=5189

Key Findings from the System-on-Chip Market Research

  • Automotive adoption and the transportation industry to boost revenue streams: The use of ADAS is growing rapidly in vehicles to promote passenger comfort and safety. The proliferating demand for SoCs in the automotive and transportation industry has thus created abundant lucrative avenues in the system-on-chip market. Customers are increasingly attracted to self-driving features in passenger vehicles.
  • Use in consumer electronics holds incredible opportunities: The system-on-chip market has seen substantial revenue streams from the increase in the incorporation of SoCs into consumer electronics. A large part of the demand comes from mobile devices such as smartphones, laptops and tablets for private and commercial use. Hence, increasing sales of these globally have enhanced the revenue potential of the system-on-chip market.
  • Applications of IoT and AI chips to herald future growth avenues of System-on-Chip market: The increase in IoT use cases has generated huge revenue potential. IoT SoCs are increasingly used thanks to the penetration of connected devices. Another area of ​​lucrative growth is advancements in AI and machine learning methods and technologies. In all key economic sectors, the use of AI methods and tools has increased. The commercialization of AI chips has strengthened the revenue streams of companies in the system-on-chip market.

Request a sample report at – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=5189

System-on-chip market: Khey Drivers

  • A key factor that has shaped the evolution is the continuous need to improve the performance and design features of mobile devices, especially smartphones. The continued focus on miniaturization of electronics has widened the path for commercialization of products in the system-on-chip market.
  • Increase in R&D on new chip architecture in computer and telecommunications industries is a key driver of system-on-chip market.

System-on-chip market: regional growth momentum

  • The TMR study estimates that during the forecast period, Asia-Pacific is expected to account for a key share of the global system-on-chip market. The regional market has witnessed several lucrative opportunities through huge marketing avenues across multiple end-use industries. The increased penetration of IoT devices and the development of 5G have opened up new revenue streams.
  • North America has emerged as a notable lucrative region in the global system-on-chip market. Europe is another region with huge revenue potential, especially in Italy, Spain, France and Germany. Considerable R&D in these regions is expected to create profitable avenues for market players.

System-on-Chip Market: Key Players

Some of the major players in the widely consolidated landscape are Toshiba Corporation, STMicroelectronics NV, Samsung Electronics Ltd., Qualcomm Incorporated, NXP Semiconductors NV, Microchip Technology Inc., MediaTek Inc., Intel Corporation, and Broadcom Inc.

Get COVID-19 IImpact analysis at – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=5189

Segmentation of the system-on-chip market

  • Type
  • Application
    • Household appliances
    • Portable electronic devices
    • ADAS system
    • Medical equipement
    • RF devices
    • Power electronic devices
    • Wired and wireless communication devices
    • Portable devices
    • Others (AR and VR devices, IoT devices, etc.)
  • End-use industry
    • Consumer electronics
    • Automotive and transportation
    • IT & Telecommunications
    • Aerospace and Defense
    • Health care
    • Power and utility
    • Others (Building & Infrastructure, Energy, etc.)

Investigate before Purchase – https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=5189

Regions covered

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South America
  • WE
  • Canada
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Russia and CIS
  • Japan
  • China
  • India
  • ASEAN
  • Brazil
  • Mexico
  • GCC
  • South Africa

Browse Latest Electronics and Semiconductor Market Research Reports by TMR:

Neuromorphic Chip Market – Neuromorphic Chip Market is expected to reach a value of $1.6 billion by the end of 2031, grow at a CAGR of 43.8% from 2022 to 2031

Chip Market In terms of revenue, the global chip market is expected to reach a value of US$47.2 billion by 2031, growing at a CAGR of 40.9% during the forecast period.

Chip Resistor Market – Chip Resistor Market is expected to reach a value of USD 2,647.8 by 2027, Chip Resistor Market is expected to grow at a CAGR of 6.14% from 2019 to 2027

Chip-Scale Package (CSP) LED Market – The Chip-Scale Package (CSP) LED Market is expected to reach US$3,065.1 Million by 2026; Chip Scale Package LED Market Expected to Expand at a CAGR of 13.90%

GNSS Chip Market – The GNSS chip market is expected to grow at a CAGR of 7.7%, in value terms, from 2017 to 2025; GNSS chip market expected to reach $34.71 billion by 2025

POP Display Market – The POP Display Market is expected to exceed the value of US$979.2 million by the end of 2031, it is expected to grow at a CAGR of 5.4% from 2022 to 2031

OLED Display Market – The OLED display market is expected to exceed the value of US$167.35 billion by the end of 2031, it is expected to grow at a CAGR of 17.8% from 2021 to 2031

Touchscreen Display Market – The touchscreen display market is expected to reach US$121.1 billion by 2027

About Transparency Market Research

Transparency Market Research is a company that provides global industry analysis reports and business consulting services. Our proprietary blend of quantitative forecasting and trend analysis delivers forward-looking insights to thousands of decision makers. Our experienced team of analysts, researchers and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With broad research and analytical capability, Transparency Market Research uses rigorous primary and secondary research techniques to develop distinctive datasets and research material for trade reports.

For more information on advanced industries research, visit our YouTube channel
https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

Contact us:

Rohit Bhisey
Transparency Market Research Inc.
HEADQUARTERS IN THE CITY CENTER,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com

E-mail: sales@transparencymarketresearch.com


Source link

Share.

Comments are closed.