The global SoC test platform market is estimated to be valued at US$ 4.5 Bn in 2022, and is forecast to surge to US$ 13.1 Bn by 2032, expanding rapidly at a CAGR of around 11.3% (2022-2032).
Fact.MR, a market research and competitive intelligence provider, foresees thriving growth in SoC test platform demand. A few decades ago, a system-on-chip was nothing more than a buzzword, but has now become a vital component in the current world of technology and electronics. SoCs have nearly unlimited and incomparable applications in real-time scenarios. They’re in almost all portable electronics, including smartphones, cameras, tablets, and other wireless devices.
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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.
Key Takeaways:
- China SoC test platform market is poised to expand at a CAGR of 14% during the forecast period (2022-2032).
- India SoC test platform market is forecast to reach US$ 36 Mn in 2022 owing to the development of 5G network in the country.
- Based on end-use industry, the IT and telecommunication segment is projected to surpass US$ 1.4 Bn in 2022.
- In terms of platform type, the technology-driven platforms segment are projected to hold 3/4th of the overall market share by 2032.
- By end-use industry, automotive segment is anticipated to hold 14% of demand share in the market.
Growth Drivers:
- Growing adoption of smart devices and appliances is predicted to drive demand for SOC test platform in consumer electronics segment.
- Rising demand for autonomous vehicles in countries such as India, China, the U.S., and others is likely to surge the sales of SOC test platform in automotive industry.
Competitive landscape:
Fact.MR profiled the following key SoC test platform manufacturers in its report: Advantest Corporation, CHROMA ATE Inc., Cohu Inc., Teradyne Inc., Lorlin Test Systems Inc., Roos Instruments, TBSTest, and Xilinx.
These key manufacturers are continuously innovating product designs that meet the current challenges related to component placement in the engine environment.
Some of the recent market developments are:
- Xilinx, in 2020, acquired Germany-based Airrays GmbH. The company recognized US$ 14.1 Mn of goodwill and US$ 18.2 Mn of acquisition-related intangibles from this acquisition. This acquisition is part of the company’s wireless strategy to build end-to-end radio reference designs, allowing it to maximize value in its RFSoC technology.
Key Segments Covered in SoC Test Platform Industry Research:
- By Solution:
- Hardware
- Software
- Services
- By Platform Type:
- Technology-driven Platforms
- Application-driven Platforms
- By Type:
- Digital SoC Test Platforms
- Analog SoC Test Platforms
- Mixed Signal SoC Test Platforms
- By Application:
- Embedded Systems
- Mobile Computing
- Computers
- Display Systems
- Micro-controllers
- Others
- By End-use Industry:
- Consumer Electronics
- IT and Telecommunication
- Automotive
- Computing Device Manufacturing
- Others
- By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
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Key Questions Covered in SOC Test Platform Market Report
- What was the market size of the global SOC test platform market in 2021?
- At what rate will the global SOC test platform market grow during 2022-2032?
- Which are the key trends bolstering the growth of the SOC test platform market?
- What is the expected revenue share of SOC test platform market in 2022?
- Which are the leading players dominating the global SOC test platform market?
- What was growth rate of the global SOC test platform market during 2017-2021?
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