USD 151.80 Billion
System-on-Chip Market Size, Share, Growth Analysis, By Type(Digital SoCs, mixed-signal SoCs, and analog SoCs), By End user(Consumer electronics, automotive, healthcare, industrial), By Applications(Smartphones and tablets, automotive electronics, consumer electronics, industrial automation), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45N2083 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|Tables:
96
|Figures:
76
System-on-Chip Market Insights
Global System-on-Chip Market size was valued at USD 151.80 Billion in 2022 and is poised to grow from USD 164.10 Billion in 2023 to USD 305.99 Billion by 2031, at a CAGR of 8.1% during the forecast period (2024-2031).
Global System-On-Chip (SoC) Market is a dynamic and rapidly expanding industry that plays a crucial role in the advancement of various technological domains. SoCs are integrated circuits designed to combine multiple components, such as processors, memory, and peripherals, onto a single chip. This integration enables enhanced performance, reduced power consumption, and miniaturization, making SoCs indispensable for applications spanning smartphones, tablets, automotive electronics, IoT devices, and more. The purpose of the SoC market is to cater to the growing demand for advanced and multifunctional electronic devices. With the proliferation of connected devices and the increasing need for seamless connectivity and processing power, SoCs have become the cornerstone of modern electronics. They enable seamless integration of various functionalities, facilitate miniaturization, and provide cost-effective solutions for diverse industries. The exponential rise in the adoption of smartphones and other smart devices drives the demand for powerful SoCs capable of delivering high-performance computing and efficient power management. Additionally, the rapid expansion of the Internet of Things (IoT) ecosystem, with connected devices spanning industries like healthcare, automotive, and industrial automation, fuels the demand for SoCs that offer connectivity, security, and data processing capabilities. Despite the market's immense potential, there are a few restraints to consider. One such restraint is the complex design and manufacturing process of SoCs, which requires significant investments in research and development (R&D) and expertise. Additionally, the increasing complexity of designs poses challenges related to power consumption, thermal management, and compatibility, which may hinder market growth. Key trends shaping the SoC market include the integration of artificial intelligence (AI) capabilities, the emergence of 5G technology, and the focus on energy efficiency. SoCs with AI functionalities is witnessing a surge in demand due to the growing need for machine learning and AI-driven applications across various industries. Furthermore, the advent of 5G technology fuels the demand for SoCs capable of supporting higher data rates, lower latency, and enhanced connectivity. Moreover, there is a rising emphasis on energy-efficient SoC designs to address environmental concerns and extend battery life in portable devices. The proliferation of IoT devices, the increasing demand for AI-powered applications, and the ongoing development of autonomous vehicles and smart cities open up exciting avenues for SoC manufacturers. Moreover, the expansion of emerging economies and digital transformation initiatives across industries further augment market prospects.
US System-on-Chip Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Digital SoCs
Fastest Growth
Mixed-signal SoCs
Growth Rate
8.1% CAGR
Global System-on-Chip Market ($ Bn)
Country Share for North America Region (%)
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System-on-Chip Market Segmental Analysis
Global System-on-Chip Market is segmented on the basis of type, end user, applications, and region. By type, the market is segmented into digital SoCs, mixed-signal SoCs, and analog SoCs. By end user, the market is segmented into consumer electronics, automotive, healthcare, industrial, aerospace and defense, and others. By applications, the market is segmented into smartphones and tablets, automotive electronics, consumer electronics, industrial automation, healthcare devices, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis By Type
Among the segments in the global System-on-Chip (SoC) market, the largest segment is digital SoCs, and it continues to dominate the market with its widespread adoption and technological advancements. Digital SoCs are integrated circuits that combine digital components, such as processors and memory, on a single chip. They provide high-speed data processing, improved computational capabilities, and efficient power management, making them highly sought after in various industries. The popularity of digital SoCs can be attributed to their crucial role in powering smartphones, tablets, and other consumer electronic devices. As these devices become increasingly integral to our daily lives, the demand for digital SoCs continues to grow. Moreover, the rapid advancements in mobile computing, artificial intelligence, and augmented reality have further fueled the need for powerful and efficient digital SoCs. In terms of numbers, the digital SoC segment holds the largest market share, accounting for a significant portion of the overall SoC market. Its dominance can be attributed to the ever-increasing demand for high-performance computing devices, coupled with the growing trend of miniaturization and integration of functionalities.
While the digital SoC segment is the largest, the fastest-growing segment in the market is the mixed-signal SoCs. Mixed-signal SoCs combine both analog and digital components on a single chip, enabling seamless integration of digital processing and analog functionalities such as data conversion, amplification, and filtering. These SoCs find extensive applications in areas such as wireless communication, automotive electronics, and Internet of Things (IoT) devices. The growth of the mixed-signal SoC segment is driven by the rapid expansion of IoT devices, which require a combination of digital and analog functionalities to enable seamless connectivity and efficient data processing. With the increasing adoption of IoT across industries and the demand for smart and connected devices, the mixed-signal SoC market is witnessing significant growth.
Analysis By Applications
Among the various applications in the global System-on-Chip (SoC) market, the largest segment is smartphones and tablets. The proliferation of these devices worldwide has fueled the demand for advanced SoCs that can deliver high-performance computing, power efficiency, and connectivity. SoCs in smartphones and tablets integrate various components, including processors, graphics units, memory, and wireless communication modules, onto a single chip, enabling seamless user experiences and enhanced functionality. The smartphone and tablet segment is driven by the exponential growth of mobile device usage. As the global population increasingly relies on smartphones for communication, entertainment, and productivity, the demand for more powerful and feature-rich devices continues to soar. Furthermore, the advent of 5G technology has further accelerated the demand for SoCs in this segment, as 5G-enabled devices require robust processing capabilities to support high-speed data transfer, low latency, and enhanced multimedia experiences. Moreover, the smartphone and tablet segment is witnessing significant growth due to the rising popularity of mobile gaming and multimedia consumption. The demand for immersive gaming experiences and high-definition multimedia content drives the need for SoCs with powerful graphics processing units (GPUs) and efficient power management, ensuring smooth gameplay and extended battery life.
In terms of the fastest growing segment, the healthcare devices segment holds immense potential. The integration of SoCs in healthcare devices, such as wearable health trackers, remote patient monitoring systems, and medical implants, is revolutionizing the healthcare industry. SoCs enable real-time monitoring, data processing, and connectivity, empowering healthcare professionals to deliver personalized and remote patient care. The healthcare devices segment is fueled by several factors. Firstly, the increasing focus on preventive healthcare and the growing aging population drives the demand for wearable health devices that can track vital signs, monitor activity levels, and provide health insights. SoCs play a pivotal role in these devices by enabling advanced sensor integration, data processing, and wireless connectivity. Furthermore, the COVID-19 pandemic has accelerated the adoption of telemedicine and remote patient monitoring solutions. SoCs integrated into healthcare devices facilitate remote patient monitoring, enabling doctors to monitor vital signs, detect anomalies, and provide timely interventions. This trend is expected to continue even beyond the pandemic, as telehealth becomes an integral part of healthcare systems worldwide.
Global System-on-Chip Market By Type
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System-on-Chip Market Regional Insights
North America boasts a significant market share and fosters technological innovation across various industries. With a strong presence of leading semiconductor companies and a thriving ecosystem of research and development, North America sets the pace for SoC advancements. For instance, Silicon Valley, located in California, United States, is renowned for its concentration of technology giants and startups driving the SoC market. The region serves as a hub for cutting-edge semiconductor design and development, with companies like Qualcomm, NVIDIA, and Intel leading the way. These industry leaders continuously push the boundaries of SoC capabilities, introducing powerful processors, AI accelerators, and connectivity solutions that shape the global market. North America's dominance in the SoC market can be attributed to its well-established infrastructure, access to capital, and highly skilled workforce.
The Asia Pacific region is rapidly emerging as the fastest-growing region in the SoC market, with immense market potential and a thriving semiconductor industry. Countries such as China, South Korea, Taiwan, and Japan are at the forefront of this growth, contributing to technological advancements and meeting the rising demand for consumer electronics, automotive electronics, and industrial automation. China, in particular, has witnessed significant growth in the SoC market, fueled by its booming smartphone industry and government initiatives promoting indigenous semiconductor manufacturing. Companies like Huawei's HiSilicon, MediaTek, and Unisoc have gained prominence in the region, developing SoCs for smartphones and other smart devices. Moreover, China's focus on becoming a global leader in AI and IoT further drives the demand for advanced SoCs. Another notable example is South Korea, which houses leading semiconductor companies like Samsung Electronics and SK Hynix. These companies have made substantial investments in SoC research and development, with a focus on mobile processors, memory chips, and AI capabilities. South Korea's dominance in the memory market, coupled with its expertise in semiconductor manufacturing, positions the country as a key player in the SoC market.
Global System-on-Chip Market By Region
- Largest
- Fastest
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System-on-Chip Market Dynamics
Drivers
Increasing Demand for Smartphones and Mobile Devices
- The growing global demand for smartphones and mobile devices is a significant driver for the SoC market. Consumers seek devices with advanced features, high-performance computing capabilities, and efficient power management. SoCs play a crucial role in meeting these requirements by integrating multiple components into a single chip, enabling seamless user experiences. For instance, the Qualcomm Snapdragon series of SoCs, found in many flagship smartphones, offer powerful processors, graphics capabilities, and connectivity features.
Restraints
Complex Design and Manufacturing Process
- The complex design and manufacturing process of SoCs present a significant restraint for the market. Developing and producing SoCs involves intricate circuitry, layout design, and fabrication techniques, requiring substantial investments in R&D and specialized expertise. This complexity can pose challenges for manufacturers, limiting their ability to quickly bring new products to market. Moreover, the high costs associated with advanced fabrication technologies, such as nanometer-scale processes, can act as a barrier for smaller players in the market.
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System-on-Chip Market Competitive Landscape
Global System-On-Chip (SoC) Market is highly dynamic and characterized by intense competition among key players. Prominent companies in the market invest significantly in research and development activities to enhance their product offerings, improve performance, and cater to evolving customer demands. Partnerships, collaborations, and strategic acquisitions are common strategies adopted by market players to expand their product portfolios, gain market share, and strengthen their competitive position. Moreover, companies focus on technological advancements, such as integrating artificial intelligence capabilities, enhancing energy efficiency, and supporting emerging connectivity standards like 5G, to stay ahead in the competitive landscape. Additionally, companies strive to build strong relationships with device manufacturers and ecosystem partners to ensure their SoC solutions are adopted widely across a range of industries, including consumer electronics, automotive, healthcare, and IoT.
Top Player’s Company Profile
- Qualcomm (US)
- Intel Corporation (US)
- Broadcom Inc. (US)
- Samsung Electronics Co., Ltd. (South Korea)
- Taiwan Semiconductor Manufacturing Company Limited (Taiwan)
- NVIDIA Corporation (US)
- Advanced Micro Devices, Inc. (US)
- MediaTek Inc. (Taiwan)
- Texas Instruments Incorporated (US)
- Apple Inc. (US)
- NXP Semiconductors N.V. (Netherlands)
- STMicroelectronics N.V. (Switzerland)
- Micron Technology, Inc. (US)
- Infineon Technologies AG (Germany)
- Renesas Electronics Corporation (Japan)
- Marvell Technology Group Ltd. (Bermuda)
- Sony Corporation (Japan)
- Xilinx, Inc. (US)
- Arm Limited (UK)
- Dialog Semiconductor PLC (UK)
Recent Developments
- In April 2024, Swiss embedded computing specialist Toradex announced the launch of the Aquila family of systems-on-modules (SOMs), offering support for both high-performance real-time computing and accelerated on-device machine learning and edge artificial intelligence (edge AI) workloads.
- In April 2024, Intel announced that it would acquire Silicon Mobility, a fabless silicon and software company that specializes in SoCs for intelligent electric vehicle (EV) energy management.
- In April 2024, Defacto Technologies announced to be now part of the Arm Partner Catalog. Since more than a decade, Defacto and Arm collaborated closely to help joint customers to build the most advanced and best-in class System on Chip designs.
System-on-Chip Key Market Trends
- Integration of Artificial Intelligence (AI) Capabilities: The integration of AI capabilities into SoCs is a prominent trend in the market. AI is transforming various industries, including healthcare, automotive, and consumer electronics. SoCs with dedicated AI accelerators and neural processing units (NPUs) enable on-device AI computations, delivering faster and more efficient AI-driven applications. For example, Apple's A-series chips, featuring the Neural Engine, facilitate tasks like image recognition, natural language processing, and augmented reality on iPhones and iPads.
System-on-Chip Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global System-On-Chip (SoC) Market analysis, the market is poised for remarkable growth in the coming years. The market analysis indicates that factors such as the increasing demand for connected devices, the rapid expansion of the IoT ecosystem, and the rising adoption of smartphones and other smart devices are the primary drivers fueling the market growth. The integration of advanced technologies like artificial intelligence (AI) and the emergence of 5G technology are also key contributors to the market's expansion. Additionally, the demand for energy-efficient designs and the development of autonomous vehicles and smart cities present attractive opportunities for SoC manufacturers. However, challenges related to complex design and manufacturing processes, power consumption, and compatibility need to be addressed. Overall, the market research analysis suggests a promising future for the SoC market, with significant potential for innovation, advancements, and industry collaborations.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 151.80 Billion |
| Market size value in 2031 | USD 305.99 Billion |
| Growth Rate | 8.1% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on System-on-Chip Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on System-on-Chip Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the System-on-Chip Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the System-on-Chip Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the System-on-Chip Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the System-on-Chip Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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