Global System-on-Chip (SoC) Test Equipment Market 2024-2028

Global System-on-Chip (SoC) Test Equipment Market 2024-2028

The system-on-chip (SoC) test equipment market is forecasted to grow by USD 2.26 bn during 2023-2028, accelerating at a CAGR of 9.43% during the forecast period. The report on the system-on-chip (SoC) test equipment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for SoCs due to their benefits, growth of fabless companies causing rise in demand from entire manufacturing value chain, and shortening of product life cycle.

Technavio's system-on-chip (SoC) test equipment market is segmented as below:

By Application

• Consumer electronics
• IT and telecommunication
• Automotive
• Others

By End-user

• Integrated device manufacturer (IDM)
• Foundry
• Design house

By Geographical Landscape

• APAC
• North America
• Europe
• South America
• Middle East and Africa

This study identifies the risk of trade wars that can adversely affect demand for electronics as one of the prime reasons driving the system-on-chip (SoC) test equipment market growth during the next few years. Also, increased penetration of autonomous vehicles and increase in 5G investments will lead to sizable demand in the market.

The report on the system-on-chip (SoC) test equipment market covers the following areas:

• System-on-chip (SoC) test equipment market sizing
• System-on-chip (SoC) test equipment market forecast
• System-on-chip (SoC) test equipment market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading system-on-chip (SoC) test equipment market vendors that include Advanced Micro Devices Inc., Advantest Corp., Aeris Communications Inc., Arrow Electronics Inc., Astronics Corp., Broadcom Inc., Chroma ATE Inc., Cohu Inc., Hangzhou Changchuan Technology Co Ltd., Intel Corp., Marvin Test Solutions Inc., Microchip Technology Inc., Qualcomm Inc., Samsung Electronics Co. Ltd., STMicroelectronics International N.V., Tektronix Inc., Telefonaktiebolaget LM Ericsson, Teradyne Inc., Texas Instruments Inc., and Wirepas Ltd. Also, the system-on-chip (SoC) test equipment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.