System on Chips (SoCs) integrate entire systems on a single chip with digital, analog, mixed-signal, and RF functions. SoCs provide advantages such as lower power consumption, reduced manufacturing costs, compact size and high performance. SoCs find applications in smartphones, consumer electronics, home appliances, automotive infotainment units and networking devices. 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 12% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Miniaturization is one of the key trends driving the growth of the SoC market. The incorporation of more functionalities into a single chip has promoted downsizing of electronics. Technological advancements enabling miniaturized circuit design and 3D chip stacking have accelerated miniaturization. This has allowed more powerful computing capabilities to be packed into smaller footprints. Further, it has augmented the capabilities of portable consumer devices. The synergies of miniaturization with low power consumption characteristics of SoCs are stimulating their adoption across myriad portable applications. The continuing miniaturization of SoC components is expected to boost market growth over the forecast period.
Segment Analysis
The global system on a chip (SoC) market is segmented on the basis of type, application, end user industry, and geography. Based on type, the market is further divided into digital signal processor (DSP), microprocessor, and microcontroller. Amongst these, the microcontroller segment dominates the market and is expected to maintain its dominance over the forecast period. Microcontrollers are highly integrated and offer capabilities required for embedded systems with low power consumption, reduced complexity, and lower costs.
Key Takeaways
The Global System On A Chip (SoC) Market Size is expected to witness high growth over the forecast period between 2023 to 2030.
Regional analysis: The Asia Pacific region is projected to maintain its lead position during the forecast period as well. This can be attributed to the presence of major SoC manufacturers and foundries such as TSMC, Samsung, and SK Hynix in countries such as China, Taiwan, South Korea and Japan. The growing demand for consumer electronics and increasing digitalization trend across industries is also fueling the adoption of SoCs across the region.
Key players operating in the system on a chip (SoC) market are Honor Technology, Inc., Vesta Healthcare (Hometeam Care, Inc.), HomeHero, Inc., Seniorlink, Inc., GreatCall, Inc., Cariloop, Inc., Room2Care, Ltd., UnaliWear, Inc., Care.com, Inc., ianacare.com , Mable, Homage, Ouihelp, The Helper Bees, Elder and CareLinx, Inc.
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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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