The vendor landscape of the global System on Chip (SoC) market is largely consolidated, with the leading three players collectively accounting for a massive 68% of the global market in 2016, with Qualcomm Inc. alone accounting for a huge 38.6% in the same year, observes Transparency Market Research in a recent report. The highly competitive market, with established companies having a stronghold on most key regional markets, is witnessing attempts by large companies to further consolidate the marketplace by acquiring relatively smaller companies in high-potential regional markets; Qualcomm’s acquisition of Design Art Networks is a recent instance.

Companies are also increasingly focusing on the introduction of innovative products to meet the variable and complex demands from key end-use industries such as consumer electronics and telecommunications. Companies are also focusing on bringing changes in the lithographic and multiple patterning processes, to help end-users bring the factor of differentiation in their products to undermine competition and boost brand value.

Transparency Market Research estimates that the global SoC market, which was pegged at US$45.89 bn in 2016, is expected to expand at a promising 8.4% CAGR from 2017 to 2025 and rise to a valuation of US$89.03 bn by 2025.

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APAC to Help Global Market Gain Massive Chunk in Revenue

Based on type, the segment of mixed-signal SoCs is presently the leading contributor of revenue to the global market, accounting for nearly 44% of the market in 2016. The segment is also expected to remain the leading segment throughout the forecast period, exhibiting a promising 9.0% CAGR from 2017 to 2025. Geographically, the APAC market for SoCs accounted for more than 45% of the global market in 2016. Factors such as the increased demand for smart electronic devices and the increasing adoption of IoT-based technologies across a number of industry verticals have been some of the key growth factors for the growth of the APAC SoC market in the past years.

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