System-on-chip (SoC) refers to an integrated circuit (IC) that consists of various components such as control unit, memory blocks, timing units, and interfaces mounted on one single chip. SoC is similar to the central processing unit (CPU) of the computer. For instance, it is compact in nature and occupies lesser space when compared with the CPU.
Drivers & Restraints
The global market is anticipated to rise at a considerable rate during the forecast period. In the recent years, the market was growing at a steady rate and with the rising adoption of strategies by key players; the market is expected to rise over the projected horizon. Factors such as compact nature of System on Chip, surge in demand for smart and power-efficient electronic devices, and rise in adoption of IoT supplement the global system-on-chip market.
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The market has been segment into North America, South America, Europe, Asia-Pacific, and Middle East and Africa. Development of smart transportation and smart cities has led to increased adoption of IoT. This in turns propels the growth of the SoC market in the Asia pacific region.
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Samsung Electronics Co. Ltd.
NXP Semiconductors N.V.
Taiwan Semiconductor Manufacturing Company Limited
Magna International Inc.