An integrated circuit (IC), the system on a chip (SoC) comprises several electronic parts like input & output ports (I/O Ports), output blocks, central processing unit (CPU), analog input, internal memory, and others. All these parts are integrated on an extremely small single chip. Numerous applications like signal processing, wireless communication, use of artificial intelligence (AI), and others can be performed with system on a chip (SoC).
The global system on chip (SoC) market is expected to be driven by the snowballing need for compact, smart, and power-efficient electronic device along with growing acceptance of IoT-supported technologies. Further, the need for scalable and compact ICs within the electronic industry is anticipated to surface several opportunities for players, which, in turn, will fuel the market growth during the years to come. In addition, industries like consumer electronics, telecommunication, and healthcare are top fields to employ system-on-chip technology on order to enhance the performance of biomedical devices and networking devices.
The global system on chip (SoC) market is bifurcated on the basis of application, type, and geography. by application, the market is classified into telecommunication, consumer electronics, and automotive. By type, the market is segregated into analog, digital, and mixed signal. Among these, the digital segment is projected to grab biggest market share during the forecast period owing to the high requirement for digital SoC as it is compact and has high power efficiency in comparison to other types.
Regionally, global system on chip (SoC) market is projected to be governed by Asia Pacific during the forecast period on account of the increase in need for cutting-edge consumer electronics from nations like India, China, Taiwan, Japan, and South Korea. Likewise, North America is also anticipated to witness substantial market growth because of the snowballing implementation of IoT-supported technologies combined with consumer appliances.
The key players active within the global system on chip (SoC) market are Samsung Electronics Co. Ltd., Intel Corporation, Toshiba Corporation, Qualcomm Incorporated, Broadcom Limited, NXP Semiconductors N.V., Apple Inc., STMicroelectronics N.V., Taiwan Semiconductor Manufacturing Company Limited, and MediaTek Inc. To cite, in October 2020, a latest suite of libraries and tools was introduced by Cadence Design Systems for automating system on chip (SoC) testbench assembly, bus, & CPU traffic creation; system performance bottleneck analysis; and cache-coherency validation. Users building complex hyperscale, mobile, automotive, and consumer chips will be capable of enhancing chip-level verification proficiency by up to 10X with the Cadence System-Level Verification IP (System VIP).