Global System-On-Chip Market to Reach $178.2 Billion by 2023; Driven by the Rising Adoption of the IoT - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 6, 2018--The “Global System-On-Chip Market - by Product Type, Application, Region - Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2017-2023)” report has been added to ResearchAndMarkets.com’s offering.
The global system-on-chip market was $96.3 billion in 2017 and is estimated to reach $178.2 billion by 2023, registering a CAGR of 10.80% during the forecast period.
The major drivers of the global system-on-chip market include rising adoption of Internet of Things (IoT), its compact nature, rise in demand for smart, and power-efficient electronic devices. The major restraint of the market is the high initial cost of design & development and maintenance.
On the basis of application, smart phones held the largest market share in 2017, and are anticipated to register the highest CAGR during the forecast period. Based on type, mixed signal system-on-chip have dominated the global market in 2017 due to its’ low power consumption and will continue to do so during the forecast period. Moreover, continuous rise in requirement of compact and scalable ICs in the global electronic industry is anticipated to present numerous opportunities for market expansion.
In 2017, Asia-Pacific accounted for the highest share of the market which is attributed to the increasing acceptance of connected devices, increasing adoption of IoT based technologies in various end-user industries, and growing demand for power efficient electronic devices such as smart phones and wearables.
Asia-Pacific is expected to continue its dominant position by 2023 followed by North America, Europe and LAMEA. Moreover in terms of revenue, China is likely to hold the major market share in this region due to the increasing usage of smart devices across the country. North America is expected to show a significant growth rate, owing to the increasing adoption of consumer appliances.
Companies ProfiledApple Inc. Broadcom Limited Infineon Technologies AG Intel Corporation Magna International Inc. MediaTek Inc. Microchip Technology Inc. NXP Semiconductors N.V. Qualcomm Incorporated Samsung Electronics Co. Ltd. STMicroelectronics N.V. Taiwan Semiconductor Manufacturing Company Limited Toshiba Corporation and more...
Key Topics Covered1. Research Methodology
2. Executive Summary
3. Market Overview
4. Market Dynamics
5. Global System-On-Chip Market Segmentation, Forecasts and Trends - by Product Type
6. Global System-On-Chip Market Segmentation, Forecasts and Trends - by Application
7. Global System-On-Chip Market Segmentation, Forecasts and Trends - by Region
8. Company Market Share Analysis
9. Company Profiles
10. Industry Structure
11. Global System-On-Chip Market - The Road Ahead
For more information about this report visit https://www.researchandmarkets.com/research/cl9sv9/global?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181106005527/en/
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Related Topics:Semiconductor,Processing Units
KEYWORD: ASIA PACIFIC NORTH AMERICA
INDUSTRY KEYWORD: TECHNOLOGY SEMICONDUCTOR
SOURCE: Research and Markets
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PUB: 11/06/2018 08:02 AM/DISC: 11/06/2018 08:02 AM