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The system-on-chip (SoC) test equipment market share is expected to increase to USD 1.81 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 9.03%.
This system-on-chip test equipment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers SoC test equipment market segmentation by application (consumer electronics, IT and telecommunication, automotive, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The system-on-chip (SoC) test equipment market report also offers information on several market vendors, including Advantest Corp., Advanced Micro Devices Inc., Apple Inc., AspenCore, Astronics Corp., Broadcom Inc., Chroma ATE Inc., Cohu Inc., Intel Corp., Lorlin Test Systems Inc., Marvin Test Solutions Inc., Microchip Technology Inc., National Instruments Corp., Qualcomm Inc., Samsung Electronics Co. Ltd., STMicroelectronics International NV, Taiwan Semiconductor Manufacturing Co. Ltd., Tektronix Inc., Teradyne Inc., and Texas Instruments Inc. among others.
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The increasing demand for SoCs due to their benefits is notably driving the system-on-chip (SoC) test equipment market growth, although factors such as the growing risk of cyber security threat from foreign electronic OEMs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the system-on-chip (SoC) test equipment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key System-on-Chip (SoC) Test Equipment Market Driver
Key System-on-Chip (SoC) Test Equipment Market Trend
Key System-on-Chip (SoC) Test Equipment Market Challenge
This system-on-chip (SoC) test equipment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global system-on-chips (SOC) test equipment market as a part of the global electronic equipment and instruments market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the system-on-chip (SoC) test equipment market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the system-on-chip (SoC) test equipment market encompasses successful business strategies deployed by the key vendors. The system-on-chip (SoC) test equipment market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The system-on-chip (SoC) test equipment market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the system-on-chip (SoC) test equipment market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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39% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for system-on-chip (SoC) test equipment in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The growing investments in the telecommunication network infrastructure, rising demand for mobile communication devices, and increasing deployment of advanced electronics by automotive original equipment manufacturers (OEMs) will facilitate the system-on-chip (SoC) test equipment market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The adverse impacts of the COVID-19 pandemic in 2020 prompted the temporary shutdown of several sectors, including those manufacturing SOCs. It resulted in a drop in demand for SOC test equipment across the region. Furthermore, the shutdown of end-user manufacturing industries had a negative influence on the production and distribution of SOCs, resulting in supply chain disruptions owing to manpower and raw material shortages for SOC makers. In 2021, however, demand for SOC test equipment gained traction, increasing the regional end-user activities as a consequence of the removal of lockdown limitations in APAC, owing to large-scale vaccination campaigns across APAC. This, in turn, is likely to contribute positively to the regional SOC test equipment market growth throughout the forecast period.
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The system-on-chip (SoC) test equipment market share growth in the consumer electronics segment will be significant during the forecast period. The use of SOC in consumer electronics reduces power consumption and increases run time on single charges. In addition, SOC also helps in the miniaturization of consumer electronic products. Thus, the adoption of SOC in consumer electronic devices is increasing, which will be driving the segment growth.
This report provides an accurate prediction of the contribution of all the segments to the growth of the system-on-chip (SoC) test equipment market size and actionable market insights on post COVID-19 impact on each segment.
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System-on-Chip (SoC) Test Equipment Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 9.03% |
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Market growth 2022-2026 |
$ 1.81 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
8.7 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 39% |
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Key consumer countries |
US, China, Japan, Germany, and France |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Advantest Corp., Advanced Micro Devices Inc., Apple Inc., AspenCore, Astronics Corp., Broadcom Inc., Chroma ATE Inc., Cohu Inc., Intel Corp., Lorlin Test Systems Inc., Marvin Test Solutions Inc., Microchip Technology Inc., National Instruments Corp., Qualcomm Inc., Samsung Electronics Co. Ltd., STMicroelectronics International NV, Taiwan Semiconductor Manufacturing Co. Ltd., Tektronix Inc., Teradyne Inc., and Texas Instruments Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 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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