SoC Test Platform Market

SoC Test Platform Market Outlook (2022-2032)

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).

Report Attributes	Details
SoC Test Platform Market Size (2021A)	US$ 3.9 Bn
Estimated Market Value (2022E)	US$ 4.5 Bn
Forecasted Market Value (2032F)	US$ 13.1 Bn
Global Market Growth Rate (2022-2032)	11.3% CAGR
East Asia Market Share (2022)	71%
Market Share of Top 5 Companies	~80%
Key Companies Profiled	Advantest Corporation Cohu Inc. CHROMA ATE Inc. Teradyne Inc. Xilinx

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.

As such, SoC test platforms account for nearly 65% of the global automated test equipment market.

A worthy example of how a system-on-chip works is a smartphone; users don't just use a mobile phone to make and receive calls but also use it to browse the Internet, watch videos, listen to music, snap photos, play games, and send text messages. SoC combines all these components into a single chip, shrinks it to fit in the palm of the hand, and allows to be carried around as a living, breathing system in a phone.

System-on-chips (SoC) use less power and help reduce the size of electronic systems. As a result, SoCs are increasingly being deployed in a wide range of electrical products, including laptops and desktop computers. Recent announcements of technology-driven platform products indicate that there will be high deployment of SoC test platforms in the future.

SoC Test Platform Market Historical Analysis (2017-2021) Vs. Market Outlook (2022-2032)

• North America-based SoC test platform market is expected to have a revenue share of 13% in 2022.
• Europe is presumed to hold market value of around US$ 484 Mn in 2022 owing to high technology adoption rate.
• Digital SoC as type is expected to experience a growth rate of around 12%.
• By platform type, technology-driven platforms are set to hold a market share of more than 3/4 by the end of 2032.
• Mobile computing as application is expected to expand at a CAGR of 13% over the period of 2022-2032.
• Under end-use industry, automotive is expected to hold a market share of around 14% by the end of 2032.

Which Factors are Driving Demand for SoC Testing Platforms?

“Growing Popularity of Smart & Connected Homes to Create Market Opportunities”

Improvement in the global economy and increasing disposable income are two primary factors that have influenced the standard of living and lifestyle. There is an increase in demand for luxury homes, which is driving innovation in home connectivity technologies. This, in turn, is supporting the trend of connected homes and smart homes.

Both smart and connected homes primarily employ advanced technologies such as artificial intelligence (AI) and Internet of Things (IoT), consisting of ICs, and are connected through wireless networks. With increasing consumer inclination to live a comfortable life, smart and connected home technology has increased. This driving application opportunities for SoC test platforms.

“Industry 4.0 to Provide Inevitable Boost to Innovation”

Intelligent manufacturing techniques have gained a huge boost with the introduction of Industry 4.0. The requirement for automation, real-time surveillance, and network & real-time data analysis has become an inherent aspect of the intelligent production environment as industries become more intelligent.

Smart manufacturing methods frequently necessitate the adoption of sensors and IT infrastructure to orchestrate the work cost-efficiently in a streamlined environment. As a result, demand for integrated circuits has risen in a variety of industries as they work towards the ultimate objective of an IoT-enabled ecosystem and smart manufacturing. This, in turn, generates demand for SoC test platforms to test chips.

“Rising Global Digital Revolution to Drive Sales of SoC Test Platforms”

The global digital revolution is the change from mechanical technology and analog electronics to electronic digital equipment. All major manufacturing industries are going digital, owing to benefits such as remote monitoring and data analytics services.

Going forward, production of SoC test platforms will continue to increase with growing demand for electronics and ICs. With the increase in overall sensor utilization for digitizing in numerous end-use industries, SoC test platforms are also gaining demand from these industries, owing to the need for installation, repair, and maintenance activities.

These factors will promote the growth of the SoC test platform market in the long run.

Country Wise Analysis

Why is China a Huge Market for SoC Test Platforms?

“Autonomous Vehicle Development to Drive Need for SoC Testing Equipment”

Significant number of investments are being made for the development of autonomous vehicles in a dynamic automotive industry in China. These vehicles are equipped with a number of sensors that feed data to SoC test platforms.

The China SoC test platform market is predicted to surge at a CAGR of close to 14% as a result of these factors. Apart from this, growing number of manufacturers that are acquiring control over the market and providing such platforms at less prices would aid regional growth.

China is expected to reach a valuation of US$ 2.4 Bn by the end of the forecast period.

What’s Driving Need for SoC Test Platforms in India?

“Increasing Industrialization in India to Drive Sales of SoC Test Platforms”

The India SoC test platform market is expected to reach a valuation of US$ 36 Mn in 2022.

Developing nations such as India have caught the attention of manufacturers because of increasing industrialization and urbanization in the country. Many companies have undertaken huge expansion efforts in India by opening facilities and launching new products.

As the development of 5G is underway in India, demand for semiconductors has risen exponentially. This has proved to be an opportunity for SoC test platform manufacturers to enter this market with advanced products.

Category wise Insights

Which End-use Sectors Should Be the Focus of Market Players?

“Huge Need for SoC Test Platforms for IT & Telecommunication”

The IT and telecommunication sector is set to hold a valuation of around US$ 1.4 Bn in 2022 for SoC testing solutions.

Wired and wireless electronics are used comprehensively in telecom equipment. Additionally, the smartphone market is increasing exponentially, and owing to the demands from consumers, a multitude of advancements are being made in the field of telecommunications, computing, and electronics.

Further, storage devices are also an important aspect in computing and electronics, and continue to be upgraded with the advent of newer SSDs (solid state drives). As prices continue to drop, there will be a strong trend towards higher SSD adoption and increased average capacity, particularly in enterprises that are shifting towards digital automation and data storage.

Such rising adoption of electronic devices is expected to drive the sales of SoC test platforms in the IT and telecommunication industry.

“Consumer Electronics to Witness Accelerated Growth”

Consumer electronics is likely to hold a market valuation of US$ 516 Mn in 2022 and expand at a CAGR of around 12% through 2032.

Consumer need for more advanced and innovative technology that aids them in meeting their day-to-day needs in a hassle-free manner drives demand for consumer electronic items. With technological advancements, there is a trend towards smart homes and smart offices, where consumer electronics play an important role.

Electronics expenditure by consumers is increasing, and consumer preferences are shifting towards smart devices in smart office spaces, which is driving sales. Each of these smart appliances has a semiconductor or microprocessor chip as a vital component. Such dependence on these chips is beneficial for SoC test platform providers.

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

• SoC Test Platform Market by Solution:

  • Hardware
  • Software
  • Services

• SoC Test Platform Market by Platform Type:

  • Technology-driven Platforms
  • Application-driven Platforms

• SoC Test Platform Market by Type:

  • Digital SoC Test Platforms
  • Analog SoC Test Platforms
  • Mixed Signal SoC Test Platforms

• SoC Test Platform Market by Application:

  • Embedded Systems
  •  Mobile Computing
  •  Computers
  •  Display Systems
  •  Micro-controllers
  •  Others

• SoC Test Platform Market by End-use Industry:

  • Consumer Electronics
  • IT and Telecommunication
  • Automotive
  • Computing Device Manufacturing
  • Others

• SoC Test Platform Market by Region:

  • North America SoC Test Platform Market
  • Latin America SoC Test Platform Market
  • Europe SoC Test Platform Market
  • East Asia SoC Test Platform Market
  • South Asia & Oceania SoC Test Platform Market
  • Middle East & Africa SoC Test Platform Market