Albany, New York, July 17, 2019 (GLOBE NEWSWIRE) -- Transparency Market Research (TMR) predicts that the global system-on-chip market is estimated to worth a value of US$206.79 bn by 2026. The market is estimated to expand at a CAGR of 11.0% during the forecast from 2018 to 2026. This is primarily due to rising penetration of the smartphones and PC/laptops coupled with rising need for fast speed especially on single chip is augmenting adoption of the system-on-chip. This is a key factor driving growth of the global system-on-chip market. Additionally, rising adoption of consumer electronics and telecommunication industry is driving growth of the global system-on-chip market.
New Players to Struggle with Intense Competition among Large Players
Rising demand for newer technologies is offering wide-ranging opportunities for growth. Thus, key players in the global system-on-chip market are trying to tap these opportunities, leading to stiff competition among them.
- Due to tough competition, the new entrants in the market are facing challenges.
- In order to standalone in the competition, the players are adopting the micro and macro-economic strategies such as partnerships and mergers and acquisitions (M&A).
- Along with this, the market is getting benefit from the continuous product launches and innovation in products.
- For instance, in 2019, BrainChip Holdings Ltd announced the agreement with Socionext America Inc (SNA). Through this acquisition, the product development and manufacturing of System-on-Chip (NSoC) will be attempted.
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Some of the key players in the global system-on-chip market are Apple Inc., Infineon Technologies, Broadcom Limited, Intel Corporation, Samsung Electronics Co. Ltd., Qualcomm Inc., STMicroelectronics N.V., Toshiba Corporation, Taiwan Semiconductor Manufacturing Co. Ltd., MediaTek Inc., Microchip Technology Inc., Maxim Integrated Products, Inc., and Texas Instruments.
Rising Penetration of Consumer Electronics Drives Market Growth
The system-on-chip market has gained traction in last few years owing to highest applications across smartphones, networking devices, PC/laptops, digital cameras, and game consoles. In addition, end use industries such as telecommunication, aerospace and defense, automotive, healthcare, industrial sectors are also influencing on the growth of the global system-on-chip market. Robust applications of the near field communication are augmenting growth of the global system-on-chip market.
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However, high installation cost and production of chips are restraining growth of the global system-on-chip market. Increasing cost of components are integrated in the systems are majorly responsible for its high cost. Additionally, power consumption, better operability, enhanced performance & efficiency, and reliability are accounting major share in augmenting adoption of the system-on-chip market. However, complex design and other advanced features are estimated to boost costs.
Asia Pacific to be Dominant in the Coming Years
Based on type, the mixed type signal’s segment held leading market share and is estimated to expand at a CAGR of 12.1% over the forecast period. Extensive usage of mixed type signal and smart devices is driving growth of the system-on-chip market. However, digital type of signals segment is estimated to expand at CAGR of 10.9% during the forecast period.
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Regionally, Asia Pacific accounted for the largest share in the market in terms of revenue in 2017 and is estimated to expand at 12.6% CAGR during the forecast period. This growth is attributable to consumer electronics coupled with the growing uptake of system-on-chip to increase speed is estimate to drive the market in the region. Among the regions, China accounted for leading share in 2017 in terms of market share and India is estimated to remain dominant in terms of revenue. Factors such as rising population and penetration of smart devices are boosting applications of system-on-chips and benefiting growth of the global system-on-chips market.
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This information is encompassed in the report by TMR, titled, “System-On-Chip Market (Type - Digital, Analog, Mixed Signal; Application - Smartphones, Networking Devices, PC/Laptops, Game Consoles, Digital Cameras; End Use Industry - Automotive, Aerospace and Defense, Telecommunication, Consumer electronics, Industrial, Healthcare) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026.”
For the study, the system-on-chip market has been segmented as follows:
Component
- Digital
- Analog
- Mixed Signal
- Others
Application
- Smartphones
- Networking Devices
- PC/Laptops
- Game Consoles
- Digital Cameras
- Others
End-Use Industry
- Automotive
- Aerospace and Defense
- Telecommunication
- Consumer Electronics
- Industrial
- Healthcare
- Others
Geography
- North America
- U.S.
- Rest of North America
- Europe
- U.K.
- Germany
- France
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
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