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The global System-on-Chip test equipment market size at a CAGR of around 9% during the forecast periodNEW YORK, June 24, 2019 /PRNewswire/ -- Global System-on-Chip (SoC) Test Equipment Market: The demand for mobile computing and the sales of tablet PCs and smartphones have increased over the past few years. SoCs are embedded in these devices to enable high-speed data transmission and data processing. SoCs help in the tight integration of components on a single chip and necessitates comprehensive testing of electronic devices before dispatch. The demand for SoCs has increased among electronic component manufacturers due to such benefits. This is driving the growth of the global System-on-Chip test equipment market size at a CAGR of around 9% during the forecast period. Increasing consolidation of the market The global SoC test equipment market witnessed an increase in M&A activities over the past few years. Recent M&A activities have increased the market share of several leading vendors in the market. The increase in such activities is expected to decrease competition and increase the ASP of the System-on-Chip test equipment market. For the detailed list of factors that will drive the global SoC test equipment market size during the forecast period 2019-2023, click here. Competitive Landscape With the presence of a few players, the global System-on-Chip market is fairly concentrated. Technavio's 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 SoC test equipment manufacturers, that include Advantest Corp., Astronics Corp., CHROMA ATE Inc., Cohu Inc., and Teradyne Inc. Also, the System-on-Chip 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 on all forthcoming growth opportunities. Read the full report: https://www.reportlinker.com/p05786745/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 View original content:http://www.prnewswire.com/news-releases/the-global-system-on-chip-test-equipment-market-size-at-a-cagr-of-around-9-during-the-forecast-period-300873525.html SOURCE Reportlinker |