System on Chip Market Trends

Global System On Chip (SoC) Market Overview:

The System On Chip (SoC) Market was valued at USD 127.82 million in 2023. The System On Chip (SoC) market industry is projected to grow from USD 137.71 million in 2024 to USD 249.87 million by 2032, exhibiting a compound annual growth rate (CAGR) of 7.7% during the forecast period (2024 - 2032). Increased cyberattacks, the digitalization trend, and the integration of cutting-edge technologies are the key market drivers enhancing market growth. Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

System On Chip (SoC) Market Trends

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  Compact SoC design, rising IoT use, and the rising need for smart, power-efficient electronics will boost the market growth.

  
  

I/O interfaces, memory, and various microprocessor subsystems make up a system on a chip. The size is decreased since all these parts are coupled internally and put on the same chip. Additionally, the System on Chip offers greater architectural security at the hardware and firmware levels. A smaller-sized version of the updated System on Chip s, which provide twice as much processing power as its predecessors, is now being designed. In turn, this propels the System on the Chip market. Due to widespread Wi-Fi access, rising demand for smart wearables, technical advancements in wireless network technologies, and greater acceptance of cloud platforms, the System on Chip market share is quickly adopting the Internet of Things (IoT). IoT usage has expanded due to the creation of smart cities and smart transportation systems. This, in turn, fuels the System on Chip market's expansion.

Customers choose electronics with improved battery life and efficient, low-power usage. As a result, consumers demand more from the technology in terms of improved performance and power efficiency. Tasks may be completed more quickly because of the System on Chip s memory and fast CPU. Due to the constantly growing demand, new Systems on Chip with up to 10 cores are also hitting the market. A system on Chip with more cores is anticipated to be implemented shortly to meet customer demand. The market for System on Chips is anticipated to increase due to the desire for intelligent and power-efficient electronic products. There is a large market for scalable and small I.C.s worldwide. In the electronic industry, characteristics of compact and scalable I.C.s, such as small size, lightweight, lower cost, low power consumption, high reliability, and ease of replacement, are crucial. As a result, applications using I.C.s are always in demand, which is predicted to present profitable prospects for the major players in the worldwide System on Chip (SoC) market. I.C.s are also used in a wide range of applications, including those for cars, computers, televisions, and portable electronics like laptops, cell phones, cameras, play stations, and more. For instance, Samsung Electronics and Marvell teamed together to create a revolutionary System on Chip to improve 5G network performance in March 2021. By Q2 2021, Tier One operators should be using the recently announced chip used in Samsung's Massive MIMO.

System On Chip (SoC) Market Segment Insights:

System On Chip (SoC) Type Insights

Based on type, the System On Chip (SoC) Market segmentation includes Digital Signal, Analog Signal, and Mixed Signal. Over the projection period of 2021, the market will be led by digital by type. During the anticipated period, the market for digital signal processors is anticipated to grow at a CAGR of 7.28 percent (2022 - 2027). Due to the overuse of digital signal processor chips in consumer electronics, the market for these devices is expected to rise significantly. Numerous consumer devices, including mobile phones, have increased in popularity and have become essential items everywhere. The number of mobile phone users globally has dramatically expanded from 4.30 billion in 2016 to 7.10 billion in 2021, according to BankMyCell.

Figure 2: System On Chip (SoC) Market by Type, 2021 & 2030 (USD Million)Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

System On Chip (SoC) Application Insights

Based on Application, the System On Chip (SoC) Market segmentation includes Consumer Electronics, Healthcare, Telecommunication, Automotive and Others. Consumer electronic devices share the highest growth during the forecast period. This is mostly related to the growing consumer smartphone penetration linked to rising family incomes. Compact and scalable I.C.s have consistently been needed due to this development. The product's demand will be fueled in the upcoming years by its numerous applications in various fields, including wireless communication and signal processing.

System On Chip (SoC) Regional Insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. Asia Pacific System On Chip (SoC) market accounted for USD 48.70 billion in 2021 and is expected to exhibit a significant CAGR growth during the study period. Asia Pacific's system-on-chip market is set to pick up steam propelled by the growing demand for IoT-based consumer electronic products, such as smart T.V., wearables, and mobiles in countries like India and China. This results from rising consumer appliance demand, and rising consumer interest in electronic gadgets is expected to drive market growth. Throughout the projection period, it is expected that the Asia Pacific region will account for a sizeable percentage of the global System on Chip market due to the increasing demand for System on Chip in the consumer electronics, I.T., and telecommunications industries. Systems on Chips are frequently used in electronic devices in the Region, including Bluetooth headsets, fitness bands, tablets, smartwatches, laptops, home appliances, and consumer electronics. The market is also benefiting from increased digitization, the Internet of Things (IoT) growth, analytics and server performance improvements, and ongoing investments in potent workstations and servers that employ 5G technologies.

Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the U.K., Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3: System On Chip (SoC) Market SHARE BY REGION 2021 (%)Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

North America has the largest market share for systems on a chip. Large telecom and I.T. companies like Qualcomm and Apple are a couple of the reasons behind this. Modern electrical items are still in great demand in this area. This is further supported by the fact that IoT devices are gaining popularity, especially in North America. In North America, the industry is anticipated to grow rapidly. The United States and Canada are North America's two most populous countries. This is due to the increasing usage of IoT integration with household appliances, which is predicted to gain popularity throughout the projected period.

With a revenue share of 22.2% in 2021, Europe is regarded as the Region with the most attractive market for systems on chips after the Asia Pacific. The existence of highly industrialized nations like Germany, the U.K., France, Italy, and Belgium is largely responsible for the market expansion in this area. Government programs that promote the development of these businesses are also a major factor in the expansion of the market. Additionally, the U.K. System On Chip (SoC) market grew the quickest in the European area, while the System On Chip (SoC) market in Germany had the biggest market share.

System On Chip (SoC) Key Market Players & Competitive Insights

Major market players are investing a lot of money in R&D to expand their product portfolios, which will spur further market growth for cervical fusion. With significant industry changes, including new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their global presence. To grow and remain in a market that is becoming more and more competitive, System On Chip (SoC) industry competitors must provide affordable products.

Manufacturing locally to cut operational costs is one of the main business tactics used by the System On Chip (SoC) industry to serve customers and increase the market sector. The System On Chip (SoC) industry has recently given medicine some of the most important advantages. The System On Chip (SoC) market major players such as Intel Corporation Qualcomm Incorporated USA, Samsung Electronics Ltd Japan, NXP Semiconductors N.V. Japan, Toshiba Corporation Japan, Broadcom Limited USA, STMicroelectronics N.V. USA, Apple Inc the USA, MediaTek Inc the USA, and others are working on expanding the market demand by investing in research and development activities.

Qualcomm is a worldwide American company with its main office in San Diego, California. It was founded in Delaware. It produces software, chips, and services for wireless technology. It is the owner of patents that are essential to mobile communications for 5G, 4G, CDMA2000, TD-SCDMA, and WCDMA. The Snapdragon Ride Vision System, an Open and Scalable Platform for Automated Driving, was introduced by Qualcomm Technologies, Inc. in January 2022. It is built on a four-nanometer (4nm) process technology System on Chip (SoC) designed for an optimized implementation of front and surrounding cameras for advanced driver assistance systems (ADAS) and automated driving (A.D.)

A Taiwanese fabless semiconductor manufacturer, MediaTek Inc., makes semiconductors for optical disc drives, navigation systems, high-definition television, portable mobile devices such as smartphones and tablet computers, consumer multimedia goods, and digital subscriber line services. The flagship System on Chip (SoC) dubbed Dimensity 1200 processor was released in April 2021 by MediaTek Inc., a prominent semiconductor firm. This chip included high-performance CPU technology, a camera, A.I. capabilities, gaming, and connection improvements.

Key Companies in the System On Chip (SoC) market includes

• Intel Corporation Qualcomm Incorporated USA

• Samsung Electronics Ltd Japan

• NXP Semiconductors N.V. Japan

• Toshiba Corporation Japan

• Broadcom Limited USA

• STMicroelectronics N.V. USA

• Apple Inc, the USA

• MediaTek Inc, the USA

System On Chip (SoC) Industry Developments

• July 2023: The AMD VersalTM adaptive system-on-chip (SoC) XQRVC1902 now has space-ready reference design thanks to Renesas Electronics Corporation. The ISLVERSALDEMO2Z reference design, created in partnership with AMD, incorporates critical radiation-hardened power management components, including four newly announced products, into an incredibly small design. According to reports, Intersil-brand ICs are especially made to accommodate a variety of power rails for next-generation space avionics systems, which must resist the extreme conditions of space while requiring tight voltage tolerances, large currents, and efficient power conversion.


• June 2023: AMD Versal Premium VP1902 is the latest adaptive system-on-chip (SoC) from MD. The new SoC is the biggest adaptable SOC in the world, the firm claims. The VP1902 adaptive SoC is a chiplet-based, emulation-class device created to speed up the verification of ever-more-complex semiconductor designs. The company's new SoC has 2x the capacity compared to the previous generation, and designers may confidently create and verify SoC and application-specific integrated circuit (ASIC) designs to hasten the commercialization of next-generation technologies. The fastest silicon verification is made possible by the FPGA-based emulation & prototyping, which also allows developers to move left in the design cycle and start software development long before silicon tape-out.


• November 2022: The Dimensity 9200, the MediaTek's newest flagship System on Chip particularly for smartphones, has been released. The new device is based on ARMv9 Gen 2 architecture and is manufactured using TSMC's 4nm technology. The 3.05GHz Cortex-X3 prime core from ARM is used for the first time in this System on Chip (SoC). Three Cortex-A715 cores running at 2.85GHz & four Cortex-A510 cores running at 1.8GHz join it in the housing. The second-generation 4nm process used by TSMC is used to create the SoC. Utilizing the latest ARM Immortalis-G715 GPU, which includes a hardware raytracing engine, is another first. In addition, it supports ARM Fixed Rate Compression (AFRC), which aids in bandwidth reduction, improved machine learning performance, and Variable Rate Shading (VRS).


• May 2022: Sondrel and Arteris IP, a top supplier of system intellectual property (I.P.) including network-on-chip (NoC) connection and I.P. deployment software that speeds up System on Chip (SoC) production, announced that Sondrel has used FlexNoC interconnect I.P. in its next advanced driver-assistance systems (ADAS) design.


• March 2022: Apple introduced the M1 Ultra up System on Chip (SoC), which has twice as many processing and graphics cores as the 2021 M1 Max.


• March 2022: The newest System on Chip (SoC) from Realtek, the RTD2885N, was combined with the IMG B-Series BXE-4-32 GPU from Imagination Technologies, which is now being shipped to major digital television (DTV) companies all over the world. Realtek had already licensed the I.P. in 2021.

System On Chip (SoC) Market Segmentation:

System On Chip (SoC) Type Outlook

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  Digital Signal

  
  


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  Analog Signal

  
  


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  Mixed Signal

  
  

System On Chip (SoC) Application Outlook

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  Consumer Electronics

  
  


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  Healthcare

  
  


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  Telecommunication

  
  


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  Automotive

  
  

System On Chip (SoC) Regional Outlook

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  North America

  
  
  
  
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    US

    
    
  
  
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    Canada

    
    
  
  
  
  


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  Europe

  
  
  
  
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    Germany

    
    
  
  
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    France

    
    
  
  
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    UK

    
    
  
  
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    Italy

    
    
  
  
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    Spain

    
    
  
  
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    Rest of Europe

    
    
  
  
  
  


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  Asia-Pacific

  
  
  
  
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    China

    
    
  
  
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    Japan

    
    
  
  
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    India

    
    
  
  
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    Australia

    
    
  
  
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    South Korea

    
    
  
  
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    Australia

    
    
  
  
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    Rest of Asia-Pacific

    
    
  
  
  
  


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  Rest of the World

  
  
  
  
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    Middle East

    
    
  
  
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    Africa

    
    
  
  
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    Latin America