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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Scope Of System On Chip Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
System On Chip Market Overview
Market Drivers –
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.
Market Trends –
Major companies operating in the system-on-chip market are focusing on developing next-generation artificial intelligence solutions to meet the growing demand for high-performance computing and edge processing capabilities. Next-generation artificial intelligence solutions represent the forefront of advanced technology, leveraging cutting-edge algorithms and methodologies to tackle complex problems and drive innovation across various industries. For instance, in January 2021, Atlazo Inc., a US-based artificial intelligence system-on-chip semiconductors developer, launched the AZ-N1, an AI system-on-chip (SoC) tailored for compact smart devices. It uses an energy-efficient Artificial Intelligence and Machine Learning processor (Axon ITM) to address audio processing, voice recognition, health tracking, and sensor needs. With its notably low power consumption, augmented by a low-power CODEC supporting up to 4 microphones, alongside integrated battery charging, DC or DC regulators, and Bluetooth connectivity, the AZ-N1 excels in handling intricate tasks such as audio and biometric processing, as well as sensor signal interpretation.
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
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Regional Insights –
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.
Key Companies –
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
Table of Contents
1. Executive Summary
2. System On Chip Market Report Structure
3. System On Chip Market Trends And Strategies
4. System On Chip Market – Macro Economic Scenario
5. System On Chip Market Size And Growth
…..
27. System On Chip Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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