System-on-Chip Market Size, Competitive Landscape and Market Forecast - 2030

Global System-on-Chip Market is segmented By Type (Digital, Analog, and Mixed-Signal), By Application (Consumer Electronics, IT and  Telecommunication, Automotive, and others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030 

System-on-Chip Market Report Overview

The Global System-on-Chip Market analysis report provides a comprehensive evaluation of the market size, current trends, competitive landscape, and future market outlook. The demand for system-on-chip solutions is increasing due to the growth of smartphones, as well as the rising adoption of Internet of Things (IoT) devices. The market is witnessing a surge in demand from the Asia-Pacific region, driven by the increasing demand for smart devices and connected technologies. Major players in the global system-on-chip market such as Qualcomm Incorporated, Broadcom Inc., and others are actively operating in the market, intensifying the competitive rivalry.

System-on-Chip Market Scope and Summary

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A System-on-Chip (SoC) is an integrated circuit that integrates all components of a computer or other electronic system. These components typically (but not always) include a central processing unit (CPU), memory, input/output ports, and secondary storage – all on a single substrate or microchip, the size of a coin.

Depending on the application, it may contain digital, analog, mixed-signal, and often radio frequency signal processing functions. As they are integrated on a single substrate, SoCs consume much less power and take up much less area than multi-chip designs with equivalent functionality. Because of this, SoCs are very common in mobile computing (such as in Smartphones) and edge computing markets. Systems on chips are commonly used in embedded systems and the Internet of Things. The growing demand for smart electronics and the development of new technologies will be significant factors driving the global SoC market during the forecast period.

The report covers all the major trends and drivers playing a vital role in the growth of the global SoC market. The global SoC market has been segmented by type, application, and by region.

System-on-Chip Market Dynamics and Trends

The global SOC market growth is primarily driven by the growing technology advancements like greater connectivity and automation in the vehicle are placing increasing focus and value on the Human Machine Interface. Automotive manufacturers are increasingly developing automobiles with integrated infotainment systems – systems that provide a combination of entertainment and information for an enhanced in-vehicle experience. Increasing vehicle production and rising sales of electric vehicles (EVs) will be driving the market for SoC in the following period.

Moreover, increased demand for consumer electronics like TV, mobile phones, tablets, and others. The growing disposable income of people all around the world is the major reason for the rise in the sales of consumer electronics. Particularly increasing smart devices (like mobile phones, smart watches, smart cameras, and others) penetration across the globe will be the major driver of the S0C market in the forecast period.

System-on-Chip Market Segmentation and Shares

By Application, the global SoC market is segmented into Consumer Electronics, Automotive, IT and Telecommunication, and Others. In 2018, the Consumer Electronics segment accounted for the majority share of the market and was expected to witness the highest growth rate during the forecast period. The increasing requirements for compact and scalable ICs and the growing penetration of smartphones and other electronic devices are some of the significant factors boosting the demand for SoC in consumer electronics applications. SOC revenue is mainly driven by the increasing popularity of smartphones, smart TVs, 4K ultra-HD TVs, a preference for large displays, and curved OLEDs.

By type, the global SoC Market is segmented into Digital, Analog, and Mixed-signal. The significant impacting factors in the system-on-chip market size include its compact nature, the surge in demand for smart and power-efficient electronic devices, and the rising adoption of IoT. The high initial cost of design & development and maintenance, and the rising demand for compact and scalable ICs in the global electronics industry also influence the SoC market. Each of these factors would have a definite impact on the system-on-chip market during the forecast period.

System-on-Chip Market Geographical Analysis

By geography, the global SoC market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).

In 2018, the Asia Pacific SoC market segment accounted for the majority share in the global market owing to the presence of a large number of companies in this region and growing demand for consumer electronics such as smartphones, tablets and rising demand for automobiles in countries like China, Japan, South Korea, and India.

In addition, growing investments in communication network infrastructure coupled with the rising adoption of industrial automation in the region will fuel APAC SoC market growth.

In North America, the high presence of SoC equipment manufacturers across the region, such as Qualcomm and Apple, as well as increasing R&D investment by the government & non-government organizations are the factors driving the North America SoC market. The United States dominates the North America SoC market owing to the growing production of consumer electronics to meet the growing consumer demand for electronic products. The trade war between the United States and global suppliers of IC materials in China is hindering the market growth of the SoC market in the region.

System-on-Chip Companies and Competitive Landscape

Global SoC Market is a fragmented market with the presence of various global and regional players the market. The market players are focusing on expanding through strategic interventions, such as acquisitions, and collaborations in the global SoC market. Some major players include Apple Inc., Broadcom Limited, Infineon Technologies, Intel Corporation, Qualcomm Inc., Samsung Electronics Co. Ltd., STMicroelectronics N.V., Taiwan Semiconductor Manufacturing Co. Ltd., Toshiba Corporation, MediaTek Inc., Maxim Integrated Products, Inc., Microchip Technology Inc., Texas Instruments, ON Semiconductor, and others.

In 2018, Intel unveiled the Xeon D-2100 processor, to help customers who want to move computing to the edge. Computing at the edge has some unique space and power requirements that Intel has tried to address with this announcement. For instance, it provides a stand-alone system on a chip (SoC). This means everything customers need is built into the chip including computing, networking, and storage.

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