According to the Market Statsville Group (MSG), the global system-on-chip market size is expected to grow around USD 426.9 billion by 2033, at a CAGR of 7.9% from 2023 to 2033.

An integrated circuit (IC) is a system on a chip (SoC), a device that houses a variety of electronic components, including a CPU, input and output ports (I/O Ports), internal memory, analog input and output blocks, and others. These parts are all combined onto a single, incredibly tiny chip. System-on-chip (SoC) technology can be used for various tasks, including signal processing, wireless communication, artificial intelligence, and more. Due to its ability to combine multiple system components onto a single silicon chip, system-on-chip (SoC) is used in a various applications in the automotive, IT & telecommunication, consumer electronics, healthcare, aerospace & defense, and power & utility industries. Long-term revenue possibilities for market participants in SoC are anticipated to result from technological developments such as smart devices, device miniaturization, portable medical devices, smart wearable devices, autonomous vehicles, IoT ecosystems, Industry 4.0, and digitalization. It is anticipated that the system-on-chip market will be driven by an increase in demand for faster data connection, advanced artificial intelligence (AI) capabilities, a network of hyper-scale data centers, telecom server farms, and future 5G communication towers.

Scope of the Global System-on-Chip Market

The study categorizes the system-on-chip market based on type, and application, at the regional and global levels.

By Type Outlook (Sales, USD Billion, 2019-2033)

• Digital
• Analog
• Mixed Signal

By Application Outlook (Sales, USD Billion, 2019-2033)

• Consumer Electronics
• Telecommunication
• Automotive
• Others

By Region Outlook (Sales, USD Billion, 2019-2033)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Poland
  • Russia
  • The Netherlands
  • Norway
  • Czech Republic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Singapore
  • Australia & New Zealand
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Northern Africa
  • Rest of MEA

Consumer Electronics segment accounts for the largest market share during the forecast period by Application

Based on application, the market is bifurcated into consumer electronics, telecommunication, automotive and others. Consumer electronics accounted for the highest market share in 2022. High-end apps like Adobe Premiere Pro, Photoshop, Illustrator, and Autodesk Maya, which previously required dedicated graphics cards, massive amounts of RAM, and sophisticated cooling systems, now work on a variety of CPUs due to advancements in SoC technology. The RAM, storage, and network components were typically located separately and strategically on a motherboard in older computers. The data is independently processed by these parts, which return it to the CPU. The entire process takes time to complete. One single chip, or SoC, performs all the operations simultaneously and satisfies customer demand for high-performance devices with long battery lives, such as smartphones, laptops, and tablets. In the near future, the market is anticipated to grow as a result.

Asia Pacific is projected to account for the largest market share, by Region

Based on the regions, the global system-on-chip market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Asia Pacific will dominate the global system-on-chip market in 2022. Due to the rising demand for SoCs in the consumer electronics and IT & telecommunications industries, Asia Pacific is anticipated to hold a significant proportion of the worldwide system-on-chip market over the forecast period. In the region, system-on-chips are widely used in electronic devices such as laptops, Bluetooth headsets, smartwatches, fitness bands, tablets, home appliances, and consumer electronics. Additionally, the market is being boosted by the rise in digitization, expansion of the Internet of Things (IoT), advancements in analytics and server performance, and ongoing investments in powerful workstations and servers that use 5G technologies. Another important aspect driving the system-on-chip market in Asia Pacific is innovation in portable electronic devices such as cellphones, e-readers, tablets, and flash drives.

Key Market Players in the Global System-on-Chip Market

The global system-on-chip market is fiercely competitive, and major market participants are using a variety of tactics to get an advantage over rivals, including product development, alliances, partnerships, acquisitions, and growth. Most market businesses concentrate on growing operations globally, improving their capabilities, and cultivating solid partner relationships.

Major players in the global system-on-chip market are:

• Broadcom Inc.
• Intel Corporation
• MediaTek Inc.
• Microchip Technology Inc.;
• NXP Semiconductors N.V.
• Qualcomm Incorporated
• Samsung Electronics Ltd
• STMicroelectronics N.V.
• Toshiba Corporation

Key Issues Addressed

• What is the market size by various segmentation of the system-on-chip by region and its respective countries?
• What are the customer buying behavior, key takeaways, and Porter's 5 forces of the system-on-chip market?
• What are the key opportunities and trends for manufacturers involved in the system-on-chip supply chain?
• What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
• What and how regulations, schemes, patents, and policies are impacting the growth of the market?
• What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
• The market player positioning, top winning strategies by years, company product developments, and launches will be?
• How has COVID-19 impacted the demand and sales of system-on-chip in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
• Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.