The global system-on-chip (SoC) market size reached US$ 163.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 260.0 Billion by 2028, exhibiting a growth rate (CAGR) of 7.83% during 2023-2028.
A system-on-chip (SoC) is 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, and radio modems. It is more reliable than multi-chip systems and offers numerous benefits, such as less power consumption and high efficiency. It helps minimize energy wastage and reduce cost as SoC comprises a single processor. As a result, it is widely used in signal processing, wireless communication, artificial intelligence (AI), and other computing tasks.
System-on-Chip (SoC) Market Trends:
The rising trend of digitalization and the expansion of the information technology (IT) industry represent one of the key factors catalyzing the demand for SoC across the globe. In addition, increasing incidents of cyber-attacks and security breaches are encouraging organizations to employ database management and fraud detection, and cybersecurity systems to prevent data theft. Apart from this, the growing sales of smartphones, tablets, laptops, and wearable devices equipped with SoCs are driving the market. The rising usage of artificial intelligence (AI) chip technology in consumer and enterprise devices is offering lucrative growth opportunities to manufacturers. Furthermore, leading market players are focusing on product launches to enhance their product portfolio and attract a wider consumer base. The development of smart cities and transportation facilities is increasing the adoption of the internet of things (IoT), which is positively influencing the market. Additionally, leading companies are continuously investing in research and development (R&D) to innovate in deep learning and machine learning chips and expand their market reach, which is projected to impel the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global system-on-chip (SoC) market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, application and end use industry.
Breakup by Type:
- Mixed Signal
Breakup by Application:
- Networking Devices
- Game Consoles
- Digital Cameras
Breakup by End Use Industry:
- Aerospace and Defense
- IT and Telecommunication
- Consumer Electronics
Breakup by Region:
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and Texas Instruments Incorporated.
|Base Year of the Analysis
||Type, Application, End Use Industry, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||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 and Texas Instruments Incorporated
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