Research and Markets has announced the addition of the "Global System-on-Chip (SOC) Test Equipment Market 2014-2018" report to their offering.
The analysts forecast the Global System-on-Chip (SOC) Test Equipment market to grow at a CAGR of 3 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing demand for semiconductors. The Global SOC Test Equipment market has also been witnessing the increasing demand for high-quality SOC test equipment. However, the cyclical nature of the industry could pose a challenge to the growth of this market.
Commenting on the report, an analyst from the team said: Semiconductor IC manufacturers foresee an increased demand for chips in devices such as desktop PCs, notebooks, netbooks, tablets, cell phones, and smartphones.
They have therefore increased production to capitalize on the expected demand and thereby retain or gain market share. Major semiconductor chip vendors such as Intel Corp., Toshiba Corp., Samsung Electronics Co. Ltd., Texas Instruments Inc., and STMicroelectronics N. V. are either expanding their current capacities or investing directly/indirectly in new facilities to meet market demand. In order to thrive in this competitive environment, semiconductor chip manufacturers are installing SOC test equipment in their production lines to ensure quality products are delivered to their customers.
According to the report, one of the main drivers in this market is the increasing demand for semiconductors. Emerging electronic devices such as mobile communication devices, telecom devices, and consumer electronics are propelling the demand for semiconductors. The increasing adoption of digital signal processing devices and the expansion of semiconductor devices in automotive and power management applications have resulted in the increase in demand for semiconductors in the market. The increasing integration of semiconductors in electronic devices is expected to foster growth in the market.
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