System On A Chip (SoC) Market

Global system on a chip (SoC) market is estimated to be valued at USD 199.46 billion in 2024 and is expected to reach USD 248.72 billion by 2031, exhibiting a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.

Report Description:

System on a Chip (SoC) refers to integrating all components of a computer or other electronic systems into a single integrated circuit (IC). It includes digital, analog, mixed-signal, and often radio-frequency functions – all of which are developed and produced at the same time. Some key components that are incorporated into a single SoC include processors, memory blocks, peripherals, and I/O interfaces. SoCs reduce costs, enhance performance, and enable smaller form factors. Increasing demand for mobile and portable consumer electronic devices has boosted adoption of SoCs as these allow for higher levels of integration and lower power consumption which prolongs battery life.

Market Dynamics:

The market is expected to witness growth due to increasing smartphones, tablets, and other mobile consumer electronics worldwide. The need for enhanced functionality with minimized power consumption and form factors boosts development of advanced SoCs with high levels of integration. However, high manufacturing costs and complexities involved in designing and fabricating advanced SoCs act as challenges for the market growth. Increasing demand for computing power in automotive, industrial and networking applications where SoCs is finding newer applications beyond conventional smartphones and consumer electronics can offer opportunities for market growth. The ongoing technological advances in manufacturing processes, chip design tools and interfaces will further expand the scope of SoC integration.

Key features of the study:

• This report provides in-depth analysis of the global system on a chip (SoC) market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global system on a chip (SoC) market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Apple Inc, Broadcom Limited, HiSilicon, Huawei Technologies Co. Ltd., Infineon Technologies, Intel Corporation, Magna International Inc, Maxim Integrated Products, Inc, MediaTek Inc, Microchip Technology Inc, NXP Semiconductors N. V., ON Semiconductor, Qualcomm Technologies Inc, Renesas Electronics Corporation, Samsung Electronics Co. Ltd., Semiconductor Components Industries, LLC, STMicroelectronics N. V, Taiwan Semiconductor Manufacturing Company Limited, Texas Instruments, and Toshiba Corporation  are the major players.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• Global system on a chip (SoC) market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.

Detailed Segmentation

• Type Insights (Revenue, USD Bn, 2019 - 2031)
  • Digital
  • Analog
  • Mixed Signal
• End-use Industry Insights (Revenue, USD Bn, 2019 - 2031)
  • Automotive
  • Aerospace & Defense
  • IT & Telecommunication
  • Consumer Electronics
  • Industrial
  • Healthcare
  • Others
• Regional Insights (Revenue, USD Bn, 2019 - 2031)
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Key Players Insights
  • Apple Inc
  • Broadcom Limited
  • HiSilicon
  • Huawei Technologies Co. Ltd.
  • Infineon Technologies
  • Intel Corporation
  • Magna International Inc
  • Maxim Integrated Products, Inc
  • MediaTek Inc
  • Microchip Technology Inc
  • NXP Semiconductors N. V.
  • ON Semiconductor
  • Qualcomm Technologies Inc
  • Renesas Electronics Corporation
  • Samsung Electronics Co. Ltd.
  • Semiconductor Components Industries, LLC
  • STMicroelectronics N. V
  • Taiwan Semiconductor Manufacturing Company Limited
  • Texas Instruments
  • Toshiba Corporation