Global System-On-Chip Market to grow by USD 5.7 billion during 2023-2028- Technavio

Market Segmentation: A Detailed Breakdown

The Technavio report segments the SoC market into core categories, offering insights into its SoC industry growth drivers.

By Application:

• Consumer Electronics: Leading the System-On-Chip charge, this segment thrives on demand for mobile processors in smartphones and wearables. SoC design enables compact, low-power SoC solutions, driving system-on-chip revenue as smart devices proliferate.
• Automotive: Automotive SoC powers electric vehicles and autonomous systems, with SoC applications enhancing ADAS and infotainment.
• IT and Telecommunication: 5G SoC and networking gear fuel this segment, leveraging semiconductor chips for connectivity.
• Others: Industrial automation and healthcare adopt SoC technology for robotics and medical embedded systems.

By Geography:

• Asia-Pacific (APAC): Holds 64% of SoC market share, led by SoC manufacturers in China and India.
• North America: The United States advances SoC industry growth with AI System-On-Chip innovations.
• Europe: Germany and the United Kingdom boost system-on-chip brands in automotive and telecom.
• South America: Brazil taps SoC applications for consumer electronics growth.
• Middle East and Africa: South Africa supports SoC technology in telecom and education.

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Regional Dynamics Driving SoC Growth

The System-on-Chip market reflects diverse regional contributions to its USD 5.7 billion trajectory.

• China: A hub for SoC manufacturers, China expands SoC market size with mobile processors and 5G SoC.
• India: Digitalization and IoT SoC adoption make India a rising SoC technology star in APAC.
• United States: Leads with AI System-On-Chip and automotive SoC advancements in North America.
• Germany: Integrates SoC design into next-gen vehicles, driving Europe’s SoC industry growth.
• United Kingdom: Balances system-on-chip brands in telecom and sustainable low-power SoC.
• Brazil: Emerging infrastructure boosts SoC applications in South America.
• South Africa: Connectivity fuels semiconductor chips in telecom and education.

Market Dynamics: Drivers, Trends, and Challenges

The SoC market evolves through key forces shaping its path.

Drivers:

• Robotics Surge: Robotics demand boosts SoC technology, especially in APAC and North America.
• IoT Expansion: IoT SoC powers connected devices, growing SoC market share worldwide.
• Consumer Needs: Mobile processors and low-power SoC meet demand for efficient gadgets.

Trends:

• AI Growth: AI System-On-Chip enhances device intelligence, a top SoC innovations trend.
• 5G Adoption: 5G SoC supports high-speed networks, driving chip architecture evolution.
• Sustainability: Eco-friendly SoC design gains traction in Europe and North America.

Challenges:

• IP Reliance: Third-party IP slows system-on-chip revenue, posing risks.
• Design Complexity: Advanced embedded systems raise costs, challenging SoC industry growth.
• Competition: Saturation in mature markets like North America curbs SoC market growth.

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Key Players Powering the Market

The SoC market thrives on innovation from leading SoC manufacturers, including:

• Apple Inc.
• Broadcom Inc.
• Huawei Technologies Co. Ltd.
• Infineon Technologies AG
• Intel Corp.
• MediaTek Inc.
• NVIDIA Corp.
• Qualcomm Inc.
• Samsung Electronics Co. Ltd.
• Texas Instruments Inc.

These system-on-chip brands pioneer SoC applications, from AI System-On-Chip to automotive SoC, shaping SoC market share.

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A Future Built on SoC Innovations

The System-on-Chip market’s USD 5.7 billion growth by 2028 highlights its role in a tech-driven era. APAC’s 64% SoC market share, led by China and India, joins North America’s SoC innovations and Europe’s steady input to form a vibrant landscape. SoC technology powers robotics, IoT SoC, and more, with System-On-Chip trends like AI and 5G pushing limits. Despite IP and complexity hurdles, the SoC market adapts, offering opportunities in chip architecture and niche SoC applications.

For stakeholders, this signals a chance to invest in semiconductor chips and emerging markets. For consumers, it means smarter devices via mobile processors. The SoC market size is soaring don’t miss out.

About Technavio

Technavio, a global technology research leader, delivers insights across 800 technologies and 50 countries. With over 500 analysts and 17,000+ reports, it empowers businesses in markets like the SoC market. Trusted by over 100 Fortune 500 firms, Technavio provides data-driven solutions for success.