System-on-Chip (SoC) Market Size, Outlook, Trends Analysis 2024-2032

IMARC Group, a leading market research company, has recently releases report titled “ System-on-Chip (SoC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032” offers a comprehensive analysis of the industry, which comprises insights on the SoC market share. The global system-on-chip (SoC) market size reached US$ 176.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 326.1 Billion by 2032, exhibiting a growth rate (CAGR) of 6.84% during 2024-2032.

A system-on-chip (SoC) represents an integrated circuit (IC) that comprises digital, analog, mixed-signal, and radio frequency functions. It includes various components, such as a central processing unit (CPU), system memory, peripheral controllers, graphics processing units (GPUs), specialized neural network circuitry, radio modems, etc. System-on-chip is more reliable than multi-chip systems and offers several benefits, including less power consumption and high efficiency. In addition to this, it aids in minimizing energy wastage and reducing cost as SoC comprises a single processor. Consequently, system-on-chip is widely used in signal processing, wireless communication, artificial intelligence (AI), and other computing tasks.

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System-on-Chip (SoC) Market Trends and Drivers:

The emerging trend of digitalization and the expanding information technology (IT) sector across numerous countries are primarily augmenting the system-on-chip (SoC) market. Furthermore, the growing incidents of cyber-attacks and security breaches are encouraging organizations to use database management, fraud detection, and cybersecurity systems to prevent data theft, which is acting as another significant growth-inducing factor. Apart from this, the rising sales of smartphones, tablets, laptops, and wearable devices equipped with SoCs are positively influencing the global market. Moreover, the increasing utilization of artificial intelligence (AI) chip technology in consumer and enterprise devices is also bolstering the market growth. Besides this, the widespread adoption of the internet of things (IoT), on account of the development of smart cities and transportation facilities, is further propelling the global market. Additionally, the elevating investments in R&D activities to innovate in deep learning and machine learning (ML) chips are expected to fuel the system-on-chip (SoC) market in the coming years.

Leading Companies Operating in the Global SoC Industry:

 

• Advanced Micro Devices Inc.

 

• Broadcom Inc.

 

• Huawei Technologies Co. Ltd.

 

• Infineon Technologies AG

 

• Intel Corporation

 

• MediaTek Inc.

 

• Microchip Technology Inc

 

• Nvidia Corporation

 

• onsemi

 

• Qualcomm Incorporated

 

• Renesas Electronics Corporation

 

• STMicroelectronics N.V.

 

• Taiwan Semiconductor Manufacturing Company Limited

 

• Texas Instruments Incorporated.

The report has been segmented the market into following categories:

Breakup by Type:

 

• Digital

 

• Analog

 

• Mixed Signal

Breakup by Application:

 

• Smartphones

 

• Networking Devices

 

• PC/Laptops

 

• Game Consoles

 

• Digital Cameras

 

• Others

Breakup by End Use Industry:

 

• Automotive

 

• Aerospace and Defense

 

• IT and Telecommunication

 

• Consumer Electronics

 

• Industrial

 

• Healthcare

 

• Others

Breakup By Regions:

 

• North America: (United States, Canada)

 

• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)

 

• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

 

• Latin America: (Brazil, Mexico, Others)

 

• Middle East and Africa

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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