|By Business Wire||
|March 7, 2014 09:18 AM EST||
Research and Markets (http://www.researchandmarkets.com/research/7f6d6r/global) has announced the addition of the "Global System-on-Chip (SoC) Market 2014-2018" report to their offering.
The analysts forecast the Global SoC market to grow at a CAGR of 10.6 percent over the period 2013-2018. One of the key factors contributing to this market growth is the reducing cost per function of ICs. The Global SoC market has also been witnessing the increased R&D spending by vendors. However, the cyclical nature of the Semiconductor industry could pose a challenge to the growth of this market.
Key vendors dominating this space are Broadcom Corp., Freescale Semiconductor Ltd., Infineon Technologies AG, Intel Corp., Qualcomm Inc., and Texas Instruments Inc.
Other vendors mentioned in the report are Apple Inc., ARM Holdings plc, Altera Corp., LG Electronics Inc., Microsemi Corp., Marvell Technology Group Ltd., Panasonic Corp., Sony Corp., STMicroelectronics N.V., Samsung Group, and Toshiba Corp.
Commenting on the report, an analyst from the team said: SoC vendors such as Broadcom, Qualcomm, and Intel have already invested a considerable amount of time and money in their R&D department for the expansion of their product portfolio. Similarly, vendors in this market are increasingly investing in their R&D division to provide better functionality and to meet the unsatisfied requirements of end-consumers. The R&D investments by the vendors have enabled them to capture a significant market share and gain a competitive edge over the other vendors in the market. Therefore, the increased R&D spending by market vendors is a trend that is expected to contribute to the Global SoC market.
According to the report, the growth of the Global SoC market is driven by several factors and one such major driver is the reducing cost per function of ICs. With the evolving technology, the cost per function of ICs is reducing, which also reduces the prices of SoCs.
Further, the report states that one of the major challenges is the cyclical nature of the Semiconductor industry which creates an unstable market condition, and SoC manufacturers often experience fluctuating revenues, which in turn affects the market's profitability.
For more information visit http://www.researchandmarkets.com/research/7f6d6r/global
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Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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