The burgeoning number of mobile users across the globe, which is projected to observe a remarkable escalation in the near future, is significantly supporting the mobile SoC market that is poised to witness substantial growth prospects over the forecast period of 2018 to 2023. Furthermore, According to a freshly compiled market research report by IndustryARC, the market players will be reinventing new strategies in order to stay ahead of the curve in the perceptibly competitive mobile SoC market. 

The IndustryARC report is comprised of well-marshaled and thoroughly researched facts, figures, and statistics along with an in-depth peek into the emerging trends, opportunities, and challenges that are going to disrupt the mobile SoC market over the aforementioned forecast period. Furthermore, the analyst has provided a well-detailed account of market dynamics and an analysis of the competitive landscape along with the strategies of various manufacturers of the same. The report is titled, “Mobile SoC Market: By Utilization (Dual Core, Quad Core, Octa Core); By Component (Microprocessor, Firmware, Memory, ASIC); By Technology (14nm, 12nm, 10nm); By Application (Mobile Phones, Tablets, Portable Navigation Devices); Geographic Analysis – Forecast (2018-2023).

Mobile SoC Market – Recent Trends and Collaborations Disrupting the Market Landscape

In 2016, NXP and Qualcomm expanded their collaboration in order to provide mobile transit in Snapdragon-based smartphones. This had positioned the companies in the mobile SoC market as snapdragon smartphones had gained prominence during 2016, and hence, the requirement for the customized SoC had catapulted.

Owing to the latest trend of LTE connections, MediaTek and Ericsson collaborate to design LTE-based features in smartphones. The collaboration helped the companies garner a lot of revenues owing to the increasing LTE connections. 

In March 2017, Qualcomm collaborated with T-Hub to expand its business in India with an innovation laboratory which will reduce the complexity and instill flexibility of the SoC design that will, in turn, cater to the latest trends in the mobile SoC market. The company is using ESL platform design and verification flow to enhance the predictability during the design process and reduce the turnaround time.

In November 2016, Qualcomm and Samsung collaborated in order to develop an advanced 10nm process technology which was used in the Snapdragon 835 mobile processor. The 10nm FinFET predecessors enable 30% extra efficiency, 27% higher performance, and 40% lower power consumption. There will be further innovation pertaining to this technology as it saves power, and power conservation is the most important trend in all the sectors including mobile phones industry. 

The Way Forward in the SoC Market – The future foresees the proliferation of 5G smartphones which will require personalized mobile SoC. This trend is poised to disrupt the mobile SoC market as the market players will be personalizing the chips according to the requirement of 5G. Qualcomm has already developed Snapdragon 855 SoC for the new 5G smartphones. 

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