System-on-chip market is anticipated to grow at a considerable CAGR of 8.8% during the forecast period owing to the compact nature of System Chip (SoC), the surge in demand for smart and power-efficient electronic devices, high investment in 5G technology, and the rise in adoption of IoT technology. The introduction of new technologies, as well as innovation in the automation, precision, and electronics industries, are accelerating the development of SoC devices, offering profitable opportunities for SoC makers. To diversify their revenue sources, manufacturers are increasing their R&D activity in deep learning chips, machine learning chips, and artificial intelligence chips.
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Among the end-users, the consumer electronics sub-segment is expected to hold a considerable share of the market and is further anticipated to grow at a considerable CAGR over the forecast period. This is mostly due to the increasing penetration of smartphones, which is attributable to rising consumer family incomes. As a result of this tendency, there has been a continual demand for compact and scalable integrated circuits. Extensive uses in diverse applications like signal processing and wireless communication will drive demand for the product in the coming years. The electronics industry is one of the largest and fastest-growing industries in the world. The global electronics industry is estimated at $ 2.9 trillion in 2020. Electronic products continue to impact and shape lifestyles prominently in the current digital era. Consumers choose devices with better battery life as well as efficient and fast. As a result, there is an increase in consumer demand for devices that provide improved performance while consuming less power. Due to its memory and high-speed processor, SoC allows for faster task execution. Latest SoC’s having up to 10 cores are also entering into the SoC market due to continuously increasing demand and SoC’s with further cores are expected to be deployed shortly to fulfill the consumer demand. This demand for consumer electronic devices is expected to drive the system-on-chip market growth.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global System-on-Chip Market Report Segment
By Type
- Analog
- Mixed
- Digital
By Application
- Smartphones
- Home Appliances
- ADAS System
- Medical Devices
- Telecommunications & Electronics
- Others (Wearable Devices, AR & VR Devices)
By End-user
- Consumer Electronics
- Automotive & Transportation
- IT & Telecommunication
- Healthcare
- Others (Power & Utility, Aerospace & Defense)
Global System-on-Chip Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global system-on-chip market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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