System-on-Chip Market | Growth and Analysis
Market Growth and Forecasts for 2020-2024
System-on-chip market is set to post an incremental growth of $ 5.72 bn during 2020-2024. The market will progressing at a CAGR of 5% during the forecast period. Our analysts provide a detailed understanding of the market focusing on the latest trends, and drivers that are likely to impact growth. This analysis will enable business leaders to strategize and plan for further growth of their business.
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System-on-Chip Market: Market Segments and Key Trends
The System-on-chip market is segmented by Application (Consumer electronics, IT and telecommunication, Automotive, and Others) and Geography (APAC, North America, Europe, South America, and MEA). APAC led the market with 74% of the market growth set to originate from this region during the forecast period. Dependency of soc vendors on ip core providers is one of the challenges that will need to be overcome to drive growth. The research report provides market share projections of each segment along with a detailed analysis of all the factors that are likely to boost growth within specific regions as well as global markets.
System-on-Chip Market: What are the Growth Drivers?
The Growing adoption of SoCs in robotics is one of the primary factors driving the growth of the system-on-chip market. The report provides a detailed study of all the factors that are likely to boost the market. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals.
System-on-Chip Market: Competitive Landscape
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Apple Inc., Huawei Investment & Holding Co. Ltd., Infineon Technologies AG, MediaTek Inc., Microchip Technology Inc., NVIDIA Corp., NXP Semiconductors NV, Qualcomm Inc., Samsung Electronics Co. Ltd., and Texas Instruments Inc. are some of the major market participants.
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System-on-Chip Market: Key Highlights of the Report for 2020-2024
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System-on-Chip Market Size to Grow by $ 5.72 bn through 2020-2024
Technavio research projects the system-on-chip market to grow by $ 5.72 bn, accelerating at a CAGR of over 5% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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System-on-Chip Market: Key Market Driver
One of the primary factors that will trigger the growth of the system-on-chip market size is Growing adoption of SoCs in robotics. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
System-on-Chip Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Apple Inc., Huawei Investment & Holding Co. Ltd., Infineon Technologies AG, MediaTek Inc., Microchip Technology Inc., NVIDIA Corp., NXP Semiconductors NV, Qualcomm Inc., Samsung Electronics Co. Ltd., and Texas Instruments Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.
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