Elettronica
SOC Test Platform Market to Exceed US$ 13.1 Bn Amid Growing Demand for Smart Electronic Devices, Fact.MR Report
Growing adoption of system-on-chip (SOC) in smartphones and other electronic devices to perform multiple task is anticipated to boost the demand in the market. SOCs also helps in reducing the size and weight of electronic systems. Hence, adoption of these chips is increasing in laptops and desktop computers.
In addition to this, rising inclination towards luxury homes and a comfortable life is propelling the advancements in home connectivity technologies. This, in turn, is likely to create remunerative opportunities for the growth in the market.
Growing penetration of advanced technologies such as artificial intelligence (AI), Internet of Things (IoT), and machine learning in electronic home appliances will fuel the growth in the SoC test platform market.
With the launch of Industry 4.0, the intelligent manufacturing techniques has gained traction in real-time surveillance, automation, and network & real-time data analysis. Hence, demand for IoT-enabled ecosystem and smart manufacturing across several industries is expected to spur the demand for SoC test platforms.
Adoption of electronic digital equipment for remote monitoring and data analytics services by the manufacturing industries is increasing. This will further promote the growth in the SOC test platforms market.
Subsequently, growing investments for the autonomous vehicle development, especially in China , will bode well for the market. As per Fact.MR, sales of SOC test platforms are estimated to reach US$ 2.4 Bn by the end of 2032.
According to Fact.MR market analysis, the top 5 manufacturers of the SOC test platform market are expected to account for 80% of the overall market share.
Leading players operating in the global SOC test platform market are focusing on upgrading their product portfolio and manufacturing processes to expand their consumer base.
Meanwhile, some of the players are focusing on developing innovative product designs to meet the needs and challenges associated with component placement in the engine environment.
For instance,
· In 2020, Arrays GmbH Xilinx received US$ 14.1 Mn of goodwill and US$ 18.2 Mn of acquisition-related intangibles post acquisition. This acquisition is part of its wireless strategy to build end-to-end radio reference designs for popularizing its RFSoC technology.
Fact.MR, in its report, offers unbiased analysis on the global SOC test platform market providing key trends and opportunities for the forecast period of 2022 to 2032. This survey also reveals the growth of technology in the SOC test platform market with detailed segmentation as follows:
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