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The system-on-chip (SOC) test equipment market size is forecast to increase by USD 2.5 billion at a CAGR of 9.5% between 2024 and 2029.
The system-on-chip (SOC) test equipment industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
The consumer electronics segment is estimated to witness significant growth during the forecast period. The SOC test equipment market encompasses various applications, including test results analysis, design verification, and system validation for consumer electronics, automotive electronics, industrial automation, and high-performance computing. Consumer electronics, which include smartphones, smartwatches, tablets, and smart home appliances, dominate the market due to their mass production. SOC devices, integrated into these products, reduce power consumption and increase run time on single charges, making them indispensable. Moreover, SOC technology enables miniaturization, contributing to the market's growth. Test coverage and test data management are crucial elements in post-silicon validation, ensuring the functionality and reliability of SOC devices. Furthermore, with the advent of 5G technology and the Internet of Things (IoT), the SOC market is witnessing significant growth.
Serial and memory interfaces, parallel and bus interfaces, and digital-to-analog and analog-to-digital converters are essential for memory testing and functional test. Functional safety, test standards, and defect analysis are integral parts of the design verification process. Test automation, test time reduction, and test efficiency are key drivers in the market, with test bench development and test reporting streamlining the testing process. Pre-silicon validation and power analysis are essential for optimizing design performance and reducing test costs. Protocol analysis and boundary scan help identify and resolve design issues, while test patterns and test vectors ensure comprehensive testing.
The Consumer electronics segment was valued at USD 1.28 billion in 2019 and showed a gradual increase during the forecast period. The emergence of 5G technology, edge computing, and cloud computing is driving the adoption of SOC testing in various industries, including automotive electronics, industrial automation, and data centers. Machine learning and artificial intelligence are also transforming the testing landscape, enabling predictive maintenance and real-time fault detection. In-circuit testing and test fixtures are essential for ensuring the quality and reliability of electronic manufacturing. RF testing and power analysis are crucial for evaluating the performance of wireless communication systems and power management circuits. Overall, the SOC test equipment market is witnessing significant growth due to the increasing demand for advanced and reliable electronic systems across various industries.
APAC is estimated to contribute 71% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The SOC test equipment market in the Asia-Pacific (APAC) region is experiencing significant growth due to increasing investments in telecommunication network infrastructure and the rising demand for advanced electronics in consumer electronics and the automotive industries. Telecommunication network equipment providers, including Huawei Technologies, Nokia, ZTE Corp., China Telecom Global Ltd., China Mobile Ltd., China Unicom (Hong Kong) Ltd., and SK Telecom Co. Ltd., are aggressively investing in the development of 4G and 5G networks in the region, driving the demand for advanced test equipment. Consumer electronics companies, such as Samsung and Xiaomi, are also contributing to the market growth by releasing new mobile devices with advanced features, requiring rigorous testing.
Functional safety and test standards are becoming increasingly important in the automotive industry, leading to an increase in demand for test equipment for automotive electronics. Design verification, test cost reduction, yield enhancement, and test time reduction are key challenges driving the development of innovative test solutions. Test data management, test coverage analysis, debug and trace, performance test, defect analysis, and test reporting are essential components of the SOC testing process. Advanced test equipment is also required for testing complex interfaces, such as serial, memory, bus, parallel, and RF interfaces, as well as digital-to-analog and analog-to-digital converters.
Test automation, machine learning, artificial intelligence, high-performance computing, and cloud computing are also playing an increasingly important role in the SOC testing process. The industrial automation sector is also a significant contributor to the market growth, with the need for reliable and efficient testing solutions for various applications, including power analysis, test efficiency, and boundary scan testing. Test fixtures and test benches are essential components of the test equipment landscape, enabling efficient and accurate testing of SOCs. In summary, the SOC test equipment market in the APAC region is experiencing robust growth due to the increasing demand for advanced electronics in consumer electronics, automotive, and industrial automation industries, as well as the deployment of 5G networks.
Companies are investing in innovative test solutions to address challenges such as test cost reduction, yield enhancement, and test time reduction, while also ensuring functional safety and test coverage.
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The system-on-chip (SOC) test equipment market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the system-on-chip (SOC) test equipment market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, system-on-chip (SOC) test equipment market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Advanced Micro Devices Inc. - The company provides advanced SOC Test Systems, including the Versal Premium VP1902 adaptive SOC, which boasts a 2X capacity increase compared to previous generations.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market continues to evolve, driven by the dynamic needs of various sectors. Design verification and test cost reduction are key priorities, leading to the adoption of advanced test techniques such as boundary scan, test benches, and test time reduction. The integration of 5G technology and digital-to-analog converters (DACs) in SOCs necessitates the development of specialized test solutions. Industrial automation and electronics manufacturing sectors require robust test equipment for RF testing and yield enhancement. Test data management and test coverage analysis are crucial for ensuring functional safety and test efficiency. Pre-silicon validation and power analysis are essential components of the SOC testing process. This increase in complexity is especially notable in Mixed Signal SOCs. As a result, old SOC test equipment becomes obsolete for cost-effective testing of these advanced SOCs. Consequently, the demand for Automated Test Equipment that can handle complex SOCs cost-effectively is rising among SOC manufacturers.
The ongoing development of high-performance computing (HPC), artificial intelligence (AI), machine learning, and edge computing necessitates the continuous evolution of test equipment to support these technologies. Test automation, test reporting, and test pattern generation are becoming increasingly important. The market for SOC test equipment is characterized by its ability to adapt to the ever-changing landscape of technology and applications. Testing for parallel interfaces, memory interfaces, bus interfaces, and serial interfaces requires specialized test solutions. Protocol analysis and performance testing are also critical components of the SOC testing process. In the automotive electronics sector, functional safety and test standards are paramount.
Testing for functional safety, test coverage, and defect analysis are essential to ensure the reliability and safety of SOCs in this sector. The SOC test equipment market is a vibrant and evolving space, with ongoing innovation and development in test solutions for various applications and sectors. The integration of advanced technologies such as AI, machine learning, and cloud computing is transforming the way SOCs are tested and validated. The market is expected to continue to grow and adapt to the changing needs of the technology landscape.
Dive into Technavio's strong research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled System-On-Chip (SOC) Test Equipment Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
227 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 9.5% |
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Market growth 2025-2029 |
USD 2.5 billion |
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Market structure |
Fragmented |
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YoY growth 2024-2025(%) |
9.2 |
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Key countries |
China, US, Japan, Germany, France, Canada, India, South Korea, Australia, and Mexico |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Application
9 Market Segmentation by End-user
10 Market Segmentation by Deployment
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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