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SOC Global Market - Overview
System on a Chip or SoC, a microchip that converges essential electronic circuits of various computer components in an integrated chip (IC), is basically a comprehensive electronic wafer (substrate system) containing analog, digital, mixed-signal (radio frequency functions). SoC components comprises a central processing unit (CPU) - typically a multi-core, system memory (RAM) and a graphical processing unit (GPU). Since, these Systems on Chip consists of Hardware as well as Software, they are energy efficient (Save Power) and taking a little space give a reliable out-put than multi-chip systems. SoC is used in various electronic equipment but the major application areas are smartphones, tablets and wearable devices. Leverage to the current trend of smart phones and their market proliferation, System on a Chip is increasingly gaining traction attributing to which the System on a Chip market is gaining prominence on the global platform.
Accrediting the galore accruals the global System on a Chip market is perceiving today and the growth prospects the market is demonstrating, the Market Research Future, recently published a meticulous study report, according to which the global market of System on a Chip, witnessing booming accruals will reach up to USD ~81 Billion 2022, registering a spectacular double digit CAGR of ~13% during the forecasted period (2016 and 2022).
The global System on a Chip market is predominantly driven by the augmented demand from the burgeoning markets of consumer electronic devices, Smart phones, Laptops, tablets and wearable devices. Technological advancements coupled with rising investments transpired by industry players in to R&D activities define the future landscape of System on a Chip market.
On the other hand, cost associated with the SoC due to the advanced prototyping and architecture, more complex debugging coupled with the shortage (lower supply) is expected to pose challenges to the System on a Chip market. Manufacturing of ICs is a prolonged process hence ICs are not cost effective. However, technological upgrade and advancements expected in the nearing future will rule out this (Cost) issue further making ICs cost effective and making SoCs available at a lower cost.
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MRFR analysis also indicates that System on a Chip (SOC) market has a promising future and a great scope for development in Healthcare industry especially in the field of Nanobots, where, integrated with SoCs, future programmable Nanobots replacing antibodies will help in treatments of various chronic diseases. Further advancements in medical science might avail SoCs, embeddable in the brain that can aid visually challenged and hearing impaired people.
The prominent players in the System on a Chip Market are – Broadcom Corporation (U.S.), Infineon Technologies AG (Germany), Qualcomm Inc., (U.S.), Texas Instruments Inc., (U.S.), Intel Corporation (U.S.), Freescale Semiconductor, Inc., (US), Toshiba Corporation (Japan), MediaTek Inc. (Taiwan), STMicroelectronics N.V. (Switzerland) and Samsung (South Korea), among others.
Industry/ Innovation/Related News:
December 21, 2017 – Wright-Patterson Air Force Base (Ohio, US) announced that, their innovation - The flexible system-on-chip – which they developed in collaboration with the American Semiconductor - has received the “Best New Material or Component Development Award” in the Wearable Technology Category at the 2017 IDTechEx Show, distinguishing it as a significant development for enabling wearable technology devices. The new flexible silicon-on-polymer chip combines the best of the old and new to augment new networked realities, helpful in manufacturing industry. Integrating this low cost, 3D printed electronic circuitry, manufacturing industry can easily get converted in to flexible capabilities.
December 16, 2017 – Cambridge, Mass.-based Draper, a non-profit engineering and research firm that specializes in embedded systems security, announced that it has developed a chip known as the Inherently Secure Processor (ISP), an alternative to the software-centric approach to cyber security, which emphasizes defence against specific exploits. Instead, the ISP is designed to protect against classes of attacks.
December 05, 2017 – Qualcomm launched Snapdragon 845 system-on-a-chip (SoC). The Chip is especially designed for Smart Phones.
December 21, 2017 – OCE Technology, an Irish space tech firm, that designs software tools for embedded systems development for the space and aerospace industries, announced that it has signed an agreement - a €25 million five-year deal to supply satellite subsystems to Shanghai Aerospace Technology Control Institute (SACTI).
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- SoC Manufacturers
- SoC Distributors
- Research/Consultancy firms
- Vendors from various industry verticals such as Automotive, and Electronics & Semiconductors among others
- Semiconductor Manufacturers
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