The vendor landscape of the global System on Chip (SoC) market
is largely consolidated, with the leading three players collectively
accounting for a massive 68% of the global market in 2016, with Qualcomm
Inc. alone accounting for a huge 38.6% in the same year, observes
Transparency Market Research in a recent report. The highly competitive
market, with established companies having a stronghold on most key
regional markets, is witnessing attempts by large companies to further
consolidate the marketplace by acquiring relatively smaller companies in
high-potential regional markets; Qualcomm’s acquisition of Design Art
Networks is a recent instance.
Companies are also increasingly focusing
on the introduction of innovative products to meet the variable and
complex demands from key end-use industries such as consumer electronics
and telecommunications. Companies are also focusing on bringing changes
in the lithographic and multiple patterning processes, to help
end-users bring the factor of differentiation in their products to
undermine competition and boost brand value.
Transparency Market Research estimates
that the global SoC market, which was pegged at US$45.89 bn in 2016, is
expected to expand at a promising 8.4% CAGR from 2017 to 2025 and rise
to a valuation of US$89.03 bn by 2025.
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Based on type, the segment of
mixed-signal SoCs is presently the leading contributor of revenue to the
global market, accounting for nearly 44% of the market in 2016. The
segment is also expected to remain the leading segment throughout the
forecast period, exhibiting a promising 9.0% CAGR from 2017 to 2025.
Geographically, the APAC market for SoCs accounted for more than 45% of
the global market in 2016. Factors such as the increased demand for
smart electronic devices and the increasing adoption of IoT-based
technologies across a number of industry verticals have been some of the
key growth factors for the growth of the APAC SoC market in the past
years.
Rising Global Demand for Advanced Consumer Electronics to Remain Key Driver
The mounting use of smart devices such as
laptops and smartphones across the globe in the past few years has
provided a huge thrust to the global SoC market. Moreover, the
development of technologically advanced SoCs that house more features
within a specified area, leading to better resistivity of wires and
higher interconnectivity, is further driving the global SoC market.
Application of these functions has resulted in the declining cost per
function of integrated circuits (ICs).
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