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The global system-on-a-chip (SoC) market is a vibrant, quickly growing sector of the economy that is essential to the development of numerous technological fields. Integrated circuits, or SoCs, are made up of several parts that are combined into a single chip, including peripherals, memory, and CPUs. Because of this integration, SoCs can perform better, use less power, and be smaller, which makes them ideal for a wide range of applications, including tablets, smartphones, automobile electronics, Internet of Things devices, and more. The SoC market exists to meet the increasing need for sophisticated, multipurpose electronics.
SoCs have emerged as the key component of contemporary electronics due to the growth of linked devices and the growing demand for seamless communication and computing power. They make it easier to integrate different functionality, make miniaturization easier, and offer affordable solutions for a range of sectors. The demand for powerful SoCs that can enable high-performance processing and effective power management is driven by the exponential rise in the adoption of smartphones and other smart devices. Furthermore, the need for SoCs with connection, security, and data processing capabilities is fueled by the Internet of Things' (IoT) rapidly growing ecosystem, which consists of linked devices across many industries such as automotive, healthcare, and industrial automation.
However, there are a few limitations to take into account despite the market's enormous potential. The intricate creation and production process of SoCs, that necessitates large expenditures in knowledge and research and development (R&D), is one such constraint. Furthermore, the growing intricacy of designs presents problems with compatibility, power consumption, and thermal management, which could impede industry expansion. Three major trends influencing the SoC industry are the incorporation of AI capabilities, the introduction of 5G technology, and the emphasis on energy efficiency.
The need for SoCs with AI capabilities is rising as a result of the expanding requirement for machine learning as well as AI-driven applications in a variety of industries. In addition, the introduction of 5G technology increases the need for SoCs that can accommodate increased connection, reduced latency, and larger data rates. In addition, energy-efficient SoC designs are becoming more and more important in order to solve environmental issues and increase the battery life of portable electronics. For SoC manufacturers, there are exciting opportunities due to the growing number of IoT devices, the growing need for AI-powered applications, & the continuous development of smart cities and autonomous vehicles. Further enhancing market prospects are the growth of emerging economies & industry-wide digital transformation programs.
The report will cover the qualitative and quantitative data on the global System On Chip Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.
Study Period | 2024-31 |
Base Year | 2023 |
Estimated Forecast Year | 2024-31 |
Growth Rate | CAGR of 8.1% from 2024 to 2031 |
Segmentation | By Type, By Application, By End user, By Region |
Unit | USD Billion |
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By Application |
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In April 2024, An Aquila family of systems-on-modules (SOMs) has been introduced by Swiss embedded systems specialist Toradex. It supports workloads related to edge artificial intelligence (edge AI) and machine learning, as well as high-performance real-time computing.
The report also helps in understanding Global System On Chip Market dynamics, structure by analyzing the market segments, and project the Global System On Chip Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global System On Chip Market make the report investor’s guide.
The market is divided into segments based on By Type, By End user, By Application.
Based on the Type of the market is segmented into Digital SoCs, mixed-signal SoCs, and analog SoCs.
Digital System-on-Chip (SoC) is the largest sector in the global System-on-Chip (SoC) market. Thanks to its broad usage and technological improvements, it continues to dominate the industry. Digital SoCs are integrated circuits that incorporate memory and processors among other digital components onto a single chip. Their ability to process data at a high speed, enhance computing capabilities, and manage power effectively makes them very desirable across a range of industries. Because they are essential to the operation of smartphones, tablets, and other consumer electronics, digital SoCs have become quite popular. The need for digital SoCs is only going to increase as these gadgets become more and more necessary in our everyday lives. Furthermore, the demand for strong and effective digital SoCs has been further spurred by the quick developments in augmented reality, mobile computing, and artificial intelligence.
The market's fastest-growing sector is mixed-signal SoCs, despite the fact that the digital SoC segment is the largest. Mixed-signal SoCs allow for the seamless combination of digital processing and analog functions including data conversion, amplification, and filtering by combining both digital and analog components on a single chip. Numerous industries, including wireless communication, car electronics, and Internet of Things (IoT) devices, find considerable use for these SoCs.
Based on the Application of the market is segmented into Smartphones and tablets, automotive electronics, consumer electronics, industrial automation, healthcare devices, and others.
Smartphones and tablets make up the largest part of the global System-on-Chip (SoC) market among the many applications. The need for sophisticated SoCs that can provide high-performance computation, power efficiency, & connectivity has increased due to the widespread use of these devices. In order to provide seamless user experiences and improved functionality, SoCs in smartphones and tablets combine many components, such as CPUs, graphics units, memory, including wireless communication components, onto a single chip. The exponential rise in mobile device usage is driving the smartphone and tablet market. More and more people around the world are depending on smartphones for work, entertainment, and communication, which is driving up demand for increasingly potent and feature-rich smartphones.
The healthcare devices segment has the potential to be the fastest expanding market. The healthcare sector is undergoing a change thanks to the use of System-on-a-Chip (SoC) technology in wearable health trackers, medical implants, and remote patient monitoring systems. SoCs provide connectivity, data processing, and real-time monitoring, enabling medical practitioners to provide individualized, remote patient care. Several factors drive the healthcare devices market. First off, there is a growing need for wearable health gadgets that can check vital signs, monitor activity levels, and offer health insights due to the increased emphasis on preventative healthcare and the aging population.
By region, Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study. North America has an important share of the market and fosters advancements in technology in a wide range of sectors. North America is the leader in SoC improvements thanks to its large concentration of top semiconductor businesses and vibrant R&D community. For example, Silicon Valley, a region in California, is well known for having a high concentration of startups and tech behemoths that are propelling the SoC industry. Companies like Qualcomm, NVIDIA, and Intel are at the forefront of cutting-edge semiconductor design and development in the region. These market leaders consistently push the limits of SoC capabilities by launching potent processors, accelerators for artificial intelligence, and networking solutions that influence the entire world market.
The Asia Pacific region is rapidly emerging as the fastest-growing region in the SoC economic due to its vast market potential and thriving semiconductor sector. China, South Korea, Taiwan, and Japan are leading countries in this expansion; they are developing technology and meeting the increasing demand for consumer, industrial, and automotive automation electronics. China's smartphone sector is growing, and the government's efforts to boost local semiconductor fabrication have led to a particularly strong rise in the SoC market. Prominent firms in the area producing SoCs for smartphones and other smart devices are Huawei's HiSilicon, MediaTek, and Unisoc.
Research Scope of System On Chip Market:
System On Chip Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends:
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14 Jun 2022