System-on-chip (SoC) is an integrated circuit that includes a processor, a bus, and other elements on a single monolithic substrate. For instance, it is compact in nature and occupies lesser space when compared with the CPU. The components of the SoC may vary depending on the intended use of it onto the device. As system on a chip includes both the hardware and software, it performs better, uses less power, requires less space and is more consistent than multi-chip systems. Most SoCís nowadays come inside mobile devices like smartphones and tablets.This growth is primarily driven by Increasing Sales of Smartphone and Consumer Electronics Across the World, Growing Adoption in the Automotive Sector for Connected Car Development and Expansion of Multi-Core Technology to Sky-Rocket SoC Market.
Globally, a noticeable market trend is evident Increasing Adoption of IoT Technology
. Major Players, such as Apple Inc. (United States), Intel Corporation (United States), MediaTek (Taiwan), Qualcomm Incorporated (United States), Samsung (South Korea), ARM (United Kingdom), Toshiba Corporation (Japan), NXP Semiconductors N.V. (Netherlands), Broadcom Limited (United States), STMicroelectronics N.V. (Switzerland), Taiwan Semiconductor Manufacturing Company Limited (Taiwan) and Magna International Inc. (Canada) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
- Increasing Sales of Smartphone and Consumer Electronics Across the World
- Growing Adoption in the Automotive Sector for Connected Car Development
- Expansion of Multi-Core Technology to Sky-Rocket SoC Market
- Increasing Adoption of IoT Technology
- Key Players are Continuously Focusing on the Design of Upgraded SoCs in Smaller Size
- Issues in Migration of Technology Nodes for SoC Manufacturing Facilities
- Inconsistent and Relatively Slow Growth of the SoC market
High Demand for Compact and Scalable ICs in the Global Electronic Industry and The Rising Growth Trend of Digital TVs and Set-Top Boxes
High initial Cost of Design & Development and Maintenance
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