System-on-Chip (SoC) market is projected to witness strong growth, expanding at a CAGR of 8% during the forecast period from 2025 to 2033. The growth is mainly assisted by the increasing penetration of electronic devices across the globe. System-on-Chip (SoC) is an integrated circuit that encompasses all components requisite for effective working of an electronic system. In the system-on-chip technology, all the components are mounted on a same chip and are connected internally, which reduces the overall size of the system. Thus, it comprises everything that is present in the computer’s motherboard, but consumes less space, power, and provides better operational performance.
Growing demand for energy efficient systems coupled with the increasing shift towards device miniaturization is facilitating the growth of the system-on-chip (SoC) technology that has become an alternative for larger processing units. In a world that is data driven, and with semiconductors becoming more internet driven, data storage SoCs are anticipated to witness a massive growth over the forecast period. With the growing trend towards producing all-in-one electronic products, the manufacturers, especially in the consumer electronics industry are reaping cost benefits through use of system on chip technology. Furthermore, an increase in number of smart electronic devices coincides with demand for system-on-chip since these circuits form primary components of smart electronic devices.
High demand for scalable and compact ICs in the electronic industry for applications that are loaded with ICs is another factor driving the growth of the system-on-chip market. The scalable and compact ICs provide low power consumption, reduced cost, and ease of replacement and high reliability, which plays a vital role in the electronics industry.
Based on application, the consumer electronics segment is projected to witness highest growth during the forecast period. The anticipated growth will be majorly on account of the growing penetration of smart consumer electronic devices worldwide. Additionally, proliferation of Internet of Things (IoT)-based devices including smart watches, fitness bands, smart thermostats, etc. has widened the scope of the system-on-chip technology in consumer electronics. The ongoing advancements in the design of smaller sized SoCs is anticipated to offer twofold computing speed as compared to its predecessors. This is expected to create lucrative opportunities for the growth of system-on-chip market during the forecast period.
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Market Trends
Key players identified in the global system-on-chip market include but are not limited to:
Apple Inc., Broadcom Inc., Huawei Technologies Co., Ltd., Infineon Technologies AG, Intel Corporation, MediaTek Inc., Qualcomm Technologies, Inc., Samsung Electronics Co., Ltd., Spreadtrum Communications, Inc., STMicroelectronics N.V., Taiwan Semiconductor Manufacturing Company Limited and Toshiba Corporation, Microchip Technology Inc., NXP Semiconductor, Renesas Electronics Corporation, STMicroelectronics, Texas Instruments Incorporated, On Semiconductor, Maxim Integrated And Others.
Historical & Forecast Period
This study report represents analysis of each segment from 2023 to 2033 considering 2024 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2025 to 2033.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of System-On-Chip market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2023-2033 |
| Base Year | 2024 |
| Forecast Period | 2025-2033 |
| Historical Year | 2023 |
| Unit | USD Million |
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Region Segment (2023-2033; US$ Million)
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Key questions answered in this report