The latest research study “System-on-Chip (SoC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032” by IMARC Group, finds that the global 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.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- 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
Key highlights of the report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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