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The Global SOC Test Equipment market to grow at a CAGR of 1.1 percent over the period 2014-2019.
This report covers the present scenario and the growth prospects of the Global SOC Test Equipment market for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of SOC test equipment worldwide.
Rise in demand for high quality SOC test equipment is one of the major trends in the market. Semiconductor IC manufacturers are expected to witness an increased demand for chips in devices like desktop PCs, notebooks, netbooks, tablets, cellphones and smartphones during the forecast period.
According to the report, increased demand for smartphones and tablets is a key driver in the market. With the availability of low-cost smartphones in the emerging markets like China and India, and increased internet penetration worldwide, the shipments of smartphones are estimated to increase by 2019.
Further, the report states that rapid advances in technology are a major challenge in the market. As a result of the growing demand for consumer electronics, computers and communication devices, electronic device vendors are currently reinventing their products and developing faster, smaller and more efficient products.