Analysis of SoC Test Platform market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
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).
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)
East Asia Market Share (2022)
Market Share of Top 5 Companies
Key Companies Profiled
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.
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“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.
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“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.
“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.
“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.
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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:
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The global SoC test platform market is likely to reach a valuation of US$ 13.1 Bn by the end of 2032.
Computing device manufacturing end use is likely to reach a valuation of around US$ 1.6 Bn in 2022.
East Asia holds a leading market share of around 71% in 2022.
Mobile computing application holds the highest market share of 35.3% in 2022.
North America is likely to offer great growth prospects with a market valuation of US$ 586 Mn in 2022.
Analog is expected to hold a market share of around 28% by 2032.
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