System on Chip Market: Global Industry Analysis and Forecast (2023-2029)

System on Chip Market was valued at US$ 180 Bn. in 2022. Global System on Chip Market size is estimated to grow at a CAGR of 8.3%.
System on Chip Market Overview:
System-on-chip (SoC) is an integrated circuit (IC). It consists of several components like memory blocks, timing units, control units, and interfaces mounted on one single chip. It is similar to the central processing unit (CPU) of the computer. Currently, growth of the global semiconductor industry is driven by the demand for cutting-edge electronic devices like desktops, laptops and wireless communication products. An increase in deployment solution of cloud-based computing is expected to drive the market growth. The Growth is expected to continue with new application drivers for the high-performance computer technology.

To know about the Research Methodology :- Request Free Sample Report

An adoption of system on chip products by consumers has picked up speed in recent years. The most popular products with SoC technology include in smart appliances that connect with the IoT. Some of the prominent consumer electronics products companies like Apple Watch, and Samsung Galaxy have brought the technology to the mainstream their products in the market. The report has covered the market trends from 2023 to forecast the market through 2029. 2022 is considered a base year however 2022s numbers are on the real output of the companies in the market.
System on Chip Market Dynamics:
The System-on-Chip (SoC) industry has developed rapidly from producing VLSI devices that integrated a processor and a few memory components onto a single chip to high-performance SoCs that incorporate hundreds of IP blocks. An increase in popularity of the Internet of Things (IoT) has increased the demand and development of products, which contain System on a Chip (SoC) technology. Many consumers are opting for devices, which have better battery back-up, better efficiency and minimum power consumption. An increase in consumer demand for electronics products, which deliver enhanced performance as well as consume less power are expected to boost the market growth. SoC provides faster execution of tasks because of its memory and high-speed processor features. The demand for smart and power-efficient electronic devices are increasing, which is expected to drive the system-on-chip market growth in the near future.

The global system on chip market is driven by high investment in 5G technology across globe. The compact nature of SOC and the adoption of IoT are boosting the demand for system on chip. The demand for smart and power-efficient electronic devices are also impelling the market growth. The cost reduction benefits of each function of integrated circuits (IC scalable ICs in the), the need for multi-core technologies and embedded graphics are some of the driving factors, which are expected to drive market growth in the near future. On the other hand, high initial cost of design & development are limiting the market growth. The requirement for electronics products miniaturization is expected to create lucrative opportunities in the global system on chip market.

The Amount of Data Growing Exponentially: Drives the Adoption of System On Chip

In the current market scenario, the amount of data is growing exponentially, which become trend that will be accelerated by the rollout of 5G networks across developing economies. The more servers are required to high data processing and storage. The high-end central processing units (CPUs) and graphical processing units (GPUs) are the heart of servers. It also supports a host of datacentre applications like supercomputing and high-performance-computing as a service. The demand for high-end central processing units (CPUs) and graphical processing units (GPUs) are expected to grow at a more than 29% rate of CAGR during the forecast period. The future of the semiconductor industry is leveraging technology trends like artificial intelligence (AI) and the internet of things (IoT) that is expected to increase the need for system on chip.
Soc Sourcing Outlook Drive Its Demand
SoC technology shows the future of computing. The System on Chip is widely used in smartphones, tablets, and wearables products. SoCs integrate all the components of a computer onto one small piece. It combines the hardware products like central processing unit, internal memory, and input/output ports, into one unit. The multitasking functionality of Soc enables powerful computer processing on compact motherboard configurations. SoC need less energy to power and can operate using internal batteries and offers benefits like it helps to reduce power consumption. Currently, more than 30% of the global SoC patents are registered to major tech service providers like Intel, Samsung, Qualcomm, Ericsson, and Huawei. As the demand for SoC technology is expected to grow continuously source SoC components put quality assurance and customer service at the forefront.

Slow Down in the global economy: Limit the market Growth

The system on chip technologies serves mostly industrial customers. Despite the increased the demand for the system on chip in the consumer electronics and the automotive sector, key players are facing some problems like market slowdown in key customers segments in particular the automotive industry and electronics industry. The economic environment of the market growth has characterized by persisting economic and geopolitical risk and decline in the demand from major industries.
System on Chip Market Segment Analysis:
The consumer electronics is expected to contribute more than 30% share in the global system on chip market growth. The wide usages scope for system on chip is driven by high penetration of smartphone, which is attributed to the household incomes of consumers. In the market, there has been a consistent requirement for compact and scalable ICs that drive the demand for system on chip. An extensive use across many applications for signal processing and wireless communication are expected to boost the demand for system on chip in the near future.
System on Chip Market Regional Insights:
The global system on chip market report covers the detail analysis of the regional insights by North America, Europe, Asia Pacific, Middle East & Africa and Latin America. The APAC System on Chip Market report discovers key opportunities for organizations in various industries such as automotive, aerospace and defense, it & telecommunication, consumer electronics, industrial, healthcare and others, which leverage the use of System on Chip and its associated emerging technologies in creating value across their various activities. The demand for consumer electronics and the necessity of robust system-on-chip for fast response devices are projected to fuel the system-on-chip market in the region.

Geographically, Europe is considered to be the most lucrative system on chip market place after the Asia Pacific with a revenue share of 22.2% in 2021. The growth of the market in this region is mainly attributed to the presence of highly industrialized economies like Germany, the U.K., France, Italy, and Belgium. Moreover, government initiatives that facilitate the growth of industries in this area is also significantly contributing to market growth.

The objective of the report is to present a comprehensive analysis of the global System on Chip Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the System on Chip Market dynamic, structure by analyzing the market segments and projecting the System on Chip Market size. Clear representation of competitive analysis of key players by Application, price, financial position, product portfolio, growth strategies, and regional presence in the System on Chip Market make the report investor’s guide.
System on Chip Market Scope: Inquiry Before Buying



System on Chip Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 180 Bn.


Forecast Period 2023 to 2029 CAGR:
8.3 %
Market Size in 2029:
US $ 316 Bn.


 Segments Covered:
by Component
Digital
Analog
Mixed Signal
Others


by Application
Smartphones
Networking Devices
PC/Laptops
Game Consoles
Digital Cameras
Others


by End-Use Industry
Automotive
Aerospace and Defense
IT & Telecommunication
Consumer Electronics
Industrial
Healthcare
Others



System on Chip Market by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
System on Chip Market Key Players
1.Apple Inc.
2.Huawei Technologies Co. Ltd.
3.MediaTek Inc.
4.Qualcomm Technologies Inc.
5.Intel Corporation
6.Samsung Electronics Co. Ltd.
7.Toshiba Corporation
8.NXP Semiconductors N.V.
9.Broadcom Limited
10.STMicroelectronics N.V.
11.Taiwan Semiconductor Manufacturing Company Limited
12.Magna International Inc.
13.Infineon Technologies
14.Maxim Integrated Products, Inc.
15.Microchip Technology Inc.
16.Texas Instruments
17.ON Semiconductor
18.HiSilicon
19.Intel Corporation
20.Semiconductor Components Industries, LLC
21.Renesas Electronics Corporation

Frequently Asked Questions:

1] What segments are covered in the System on Chip Market report?
Ans. The segments covered in the System on Chip Market report are based on Component, Application, End-Use Industry.

2] Which region is expected to hold the highest share in the System on Chip Market?
Ans. The Asia Pacific region is expected to hold the highest share in the System on Chip Market.

3] What is the market size of the System on Chip Market by 2029?
Ans. The market size of the System on Chip Market by 2029 is US$ 316 Bn.

4] What is the forecast period for the System on Chip Market?
Ans. The forecast period for the System on Chip Market is 2023-2029.

5] What was the market size of the System on Chip Market in 2022?
Ans. The market size of the System on Chip Market in 2022 was US$ 180 Bn.