Overview and Scope
System on Chip (SoC) refers to an integrated circuit that integrates various computer or electronic system components onto a single chip. It is widely used in various electronic devices with advantages such as reduced power consumption, smaller form factors, lower cost, and improved performance compared to systems built from discrete components.
Sizing and Forecast
The system on chip market size has grown strongly in recent years. It will grow from $140.34 billion in 2023 to $152.46 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to advancements in semiconductor technology, mobile computing revolution, Internet of Things (IoT) boom, rise of wearable technology, and automotive electronics evolution.
The system on chip market size is expected to see strong growth in the next few years. It will grow to $214.05 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to 5g connectivity, edge computing expansion, artificial intelligence at the edge, autonomous vehicles, rise of augmented reality (AR) and virtual reality (VR). Major trends in the forecast period include integration of heterogeneous cores, focus on security, customization and configurability, advancements in packaging technologies, and rise of domain-specific architectures.
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Segmentation & Regional Insights
The system on chip market covered in this report is segmented –
1) By Type: Digital System On Chips, Mixed-Signal System On Chips, Analog System On Chips
2) By Application: Home Appliances, Portable Electronic Devices, Advanced Driver Assistance Systems, Medical Devices, Radio-Frequency Devices, Power-Electronic Devices, Wired And Wireless Communication Devices, Wearable Devices, Other Applications
3) By End-Use Industry: Consumer Electronics, Automotive And Transportation, Information Technology (IT) And Telecommunication, Aerospace And Defense, Healthcare, Power And Utility, Other End Use Industries
Asia-Pacific was the largest region in the system on chip market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the system on chip market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing adoption of smartphones is expected to propel the growth of the system-on-chip market going forward. Smartphones refer to handheld electronic devices that combine the functionalities of a mobile phone with those of a computer, typically offering internet access, communication features, and a wide range of applications. The increasing adoption of smartphones is due to their versatility, providing access to communication, information, entertainment, and productivity tools in a compact, portable device. System on chip (SoC) integrates multiple electronic components, including processor, memory, and peripherals, onto a single chip, optimizing smartphone performance and power efficiency. For instance, in April 2022, according to the Department of Telecommunications under the Vietnam Ministry of Information and Communications, a Vietnam-based regulatory agency, Vietnam recorded 91.3 million smartphone subscribers in 2021, an increase of over 2 million at the end of March 2022, resulting in a total of 93.5 million subscribers, equivalent to 73.5% of the nation’s adult population. Therefore, the increasing adoption of smartphones is driving the growth of the system-on-chip market.
Key Industry Players
Major companies operating in the system on chip market are Apple Inc., Samsung Electronics Co. Ltd., Huawei Technologies Co. Ltd., Sony Corporation, Taiwan Semiconductor Manufacturing Company Limited, Intel Corporation, Qualcomm, Broadcom Inc., Micron Technology Inc., NVIDIA Corporation, Toshiba Corporation, Advanced Micro Devices Inc., Texas Instruments Incorporated, MediaTek Inc., STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors N.V., Renesas Electronics Corporation, onsemi, Marvell Technology Group Ltd., Arm Limited
The system on chip market report table of contents includes:
1. Executive Summary
2. System On Chip Market Characteristics
3. System On Chip Market Trends And Strategies
4. System On Chip Market – Macro Economic Scenario
5. Global System On Chip Market Size and Growth
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32. Global System On Chip Market Competitive Benchmarking
33. Global System On Chip Market Competitive Dashboard
34. Key Mergers And Acquisitions In The System On Chip Market
35. System On Chip Market Future Outlook and Potential Analysis
36. Appendix
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