The global System on a Chip (SoC) Market is estimated to be valued at US$ 164.45 Bn in 2023 and is expected to exhibit a CAGR of 8.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
A system on a chip or SoC refers to integrating all components of a computer or other electronic system into a single chip. It allows reduction in the size and cost of products by integrating several components onto a single piece of silicon. The integration of digital, analog, mixed-signal, and often radio-frequency functions makes it very cost effective.
Market key trends:
The adoption of AI applications across various industries is propelling the demand for AI-enabled SoCs. AI solutions require high computing power to handle complex algorithms for functions such as image and speech recognition. SoC allows integration of AI accelerators with CPU, GPU and other components to efficiently deploy AI models on edge and IoT devices. Major players are focusing on developing advanced AI SoCs with dedicated machine learning hardware like neural processors. For instance, in 2021, MediaTek launched the Dimensity 9000 SoC integrated with the brand's 5th generation AI processing unit which enhances AI multimedia experiences on smartphones.
Segment Analysis
The global system on a chip (SoC) market is segmented based on type, application, end use industry and geography. By type, the market is bifurcated into digital, analog, mixed signal and others. The digital SoC segment currently dominates the market and is expected to continue its dominance over the forecast period. Digital SoCs are increasingly being used in smartphones, smart wearables, automotive applications and industrial automation due to their ability to perform various digital operations efficiently on a single chip.
Key Takeaways
The global system on a chip (SoC) market analysis is expected to witness high growth, exhibiting CAGR of 8.0% over the forecast period, due to increasing demand for low power consuming and space saving electronic products. The global SoC market size is expected to reach US$ 164.45 Bn in 2023.
Regional analysis- Asia Pacific currently dominates the SoC market and is expected to continue its dominance during the forecast period. Countries like China, India, Japan and South Korea are driving the demand for SoCs in the region owing to presence of large smartphone and consumer electronics industry.
Key players- Key players operating in the system on a chip (SoC) market are Apple Inc., Huawei Technologies Co. Ltd., MediaTek Inc., Qualcomm Technologies Inc., Samsung Electronics CO. LTD., Intel Corporation, STMicroelectronics N.V., Toshiba Corporation, NXP Semiconductors N.V., and Broadcom Inc. Apple Inc. and Qualcomm Technologies Inc. together account for over 30% of the global SoC market share.
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Innovation is likely to drive the growth of the market in the foreseeable future.
A report presented recently by Market Research Future (MRFR) has suggested that the global system-on-chip market is supposed to mark 8.3% CAGR over the forecast period.
Increasing adoption of IoT based technologies is supposed to augment the market in the upcoming years.
The MRFR report also indicates that the system-on-chip market size is supposed to value at USD 207.21 Bn by 2023, rising from USD 131.83 Bn in 2017.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/2207System-on-chip is an IC, integrated circuit, used in electronic devices.
Rising demand for scalable and compact ICs in the electrical and electronics industry is poised to influence the system-on-chip market favorably.
It encompasses both software and hardware which helps in the achievement of better response time.
The report allows complete assessment of current and future scenario scaling top to bottom investigation about the market size, demand, trends, growth, revenue, statistics, major development, technological advancements, and share of key and emerging segment.
Also, the statistical survey elaborates detailed commentary on changing market dynamics that includes market growth drivers, roadblocks and challenges, future opportunities, and influencing trends to better understand System-on-Chip (SoC) market outlook.
Request to Sample PDF Brochure: https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-system-on-chip-soc-market Brief Overview on System-on-Chip (SoC):System-on-chip (SoC) market will reach at an estimated value of USD 501.8 billion by 2028 and grow at a CAGR of 8.05% in the forecast period of 2021 to 2028.
Rise in the demand of system on a chip (SoC) for smart phones is an essential factor driving the system-on-chip (SoC) market.
All these components are incorporated on a single and very small chip.
System on chip (SoC) can perform numerous applications such as signal processing, wireless communication, use of artificial intelligence, and others Important years considered in the study are:Historical year – 2010-2019; Base year – 2020; Forecast period– 2021 to 2028 List of Key Players Profiled in the study includes market overview, Market Share, business strategies, Development activities, and SWOT analysis:HiSilicon(Shanghai) Technologies CO.,LIMITEDMediaTek Inc.Qualcomm Technologies, Inc.BroadcomInfineon Technologies AGIntel CorporationSTMicroelectronicsTaiwan Semiconductor Manufacturing Company LimitedTOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATIONMaxim IntegratedMicrochip Technology Inc.Texas Instruments IncorporatedSemiconductor Components Industries, LLCRenesas Electronics Corporation What does the Report Provide?The market report offers a comprehensive analysis of various factors such as the key drivers, and restraints that are likely to impact the market growth in upcoming years.
Report Summary :-System on Chip SoC-Global Market Status and Trend Report 2013-2023 offers a comprehensive analysis on System on Chip SoC industry, standing on the readers’ perspective, delivering detailed market data and penetrating insights.
No matter the client is industry insider, potential entrant or investor, the report will provides useful data and information.Ask for Free Sample Pages @ http://orbisresearch.com/contacts/request-sample/2109850Key questions answered by this report include: Worldwide and Regional Market Size of System on Chip SoC 2013-2017, and development forecast 2018-2023 Main manufacturers/suppliers of System on Chip SoC worldwide, with company and product introduction, position in the System on Chip SoC market Market status and development trend of System on Chip SoC by types and applications Cost and profit status of System on Chip SoC, and marketing status Market growth drivers and challengesThe report segments the global System on Chip SoC market as: Global System on Chip SoC Market: Regional Segment Analysis (Regional Production Volume, Consumption Volume, Revenue and Growth Rate 2013-2023): North America Europe China Japan Rest APAC Latin AmericaGlobal System on Chip SoC Market: Type Segment Analysis (Consumption Volume, Average Price, Revenue, Market Share and Trend 2013-2023): Digital Analog Mixed Signal OthersGlobal System on Chip SoC Market: Application Segment Analysis (Consumption Volume and Market Share 2013-2023; Downstream Customers and Market Analysis) Telecommunication Consumer Electronics Automotive OthersMake an Enquiry @ http://orbisresearch.com/contacts/enquiry-before-buying/2109850Global System on Chip SoC Market: Manufacturers Segment Analysis (Company and Product introduction, System on Chip SoC Sales Volume, Revenue, Price and Gross Margin): Apple Inc Broadcom Limited Infineon Technologies Intel Corporation Qualcomm Inc. Samsung Electronics STMicroelectronics Taiwan Semiconductor Manufacturing Co. Ltd. Toshiba Corporation MediaTek IncIn a word, the report provides detailed statistics and analysis on the state of the industry; and is a valuable source of guidance and direction for companies and individuals interested in the market.About Us:Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements.
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