System-on-Chip (SoC) technology finds diverse applications in various industries, powering smartphones, IoT devices, automotive systems, and more. Future advancements are expected to enhance performance, power efficiency, and security, enabling seamless integration of AI, machine learning, and 5G connectivity. SoCs offer compact designs, integrating CPU, GPU, memory, and peripherals on a single chip, optimizing space and power consumption. As the digital landscape evolves, SoCs will continue to play a pivotal role in driving innovation, connectivity, and the realization of advanced technological capabilities.
According to Data Bridge Market Research, the Global System-On-Chip (SoC) Market is accounted at USD 282.56 million in 2021 and is expected to reach USD 544.70 million by 2029. The market is expected to grow with a CAGR of 8.55% in the forecast period of 2022 to 2029.
“Increasing trend of digitalization boosts the market’s growth”
The system-on-chip (SoC) market is driven by the increasing trend of digitalization in various industries. As more devices and systems become connected through the Internet of Things (IoT), there is a growing demand for efficient and integrated solutions. SoCs offer compact and power-efficient designs that combine multiple functionalities onto a single chip, making them essential components for smart devices, wearable technology, and IoT applications. The rise in digitalization and the need for seamless connectivity fuel the growth of the SoC market.
What restraints the growth of the global system-on-chip (SoC) market?
“Low return on investment restraints the market’s growth”
The system-on-chip (SoC) market's growth may be constrained by the low return on investment (ROI) for some applications. Developing advanced SoCs involves significant research, development, and manufacturing costs. However, in certain cases, the market demand or pricing constraints may limit the profitability of these investments. As a result, some companies may be hesitant to heavily invest in SoC development, impacting the overall drive and enthusiasm for new innovations in the market.
Segmentation: Global System-on-Chip (SoC) Market
The global System-on-chip (SoC) market is segmented on the basis of type and end-use industry.
- On the basis of type, the system-on-chip (SoC) market is segmented into digital, analog, mixed signal.
- On the basis of end-use industry, the system-on-chip (SoC) market is segmented into automotive, aerospace and defense, IT and telecommunication, consumer electronics, industrial, healthcare, and others.
Regional Insights: North America dominates the Global System-on-Chip (SoC) Market
North America dominates the system-on-chip (SoC) market due to an increase in concern about the security of critical infrastructure and sensitive data. As the adoption of connected devices and IoT applications expands, there is a growing emphasis on incorporating robust security features within SoCs to safeguard against cyber threats and data breaches. This heightened security focus drives the demand for secure and reliable SoC solutions, contributing to market growth in the region.
Europe is expected to witness significant growth during the forecast period of 2022 to 2029 due to the widespread adoption of advanced technology. As industries and consumers embrace innovations like IoT, AI, and 5G, the demand for high-performance SoCs increases. These chips play a crucial role in powering and enabling the seamless integration of these advanced technologies, driving market expansion.
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Recent Developments
- In January 2020, DM has recently completed the acquisition of Yerbalatina Phytoactives, a Brazilian company known for its expertise in natural ingredient technology and solutions. Yerbalatina offers a range of organic fruit powders, which aligns with DM's commitment to providing high-quality and sustainable ingredients. This strategic acquisition further strengthens DM's position in the market and expands its portfolio of natural and organic products to meet the growing demand for health and wellness solutions.
- In March 2019, Agrana Fruit has entered into an investment contract to build a state-of-the-art fruit processing plant in China. The new facility will be situated in Changzhou's Life and Health industrial park and will have the capacity to produce 30,000 tonnes of prepared fruit annually. The plant will offer a variety of fruit options, such as strawberries, blueberries, and peaches, catering to the fruit yoghurt, bakery, ice cream, and foodservice industries.
The Prominent Key Players Operating in the Global System-on-Chip (SoC) Market Include:
- Google Inc (U.S.)
- Amazon Web Services, Inc. (U.S.)
- Advanced Micro Devices, Inc (U.S.)
- BitMain Technologies Holding Company (China)
- Intel Corporation (U.S.)
- Xilinx (US), SAMSUNG (South Korea)
- Qualcomm Technologies, Inc. (U.S.)
- NVIDIA Corporation (U.S.)
- Wave Computing, Inc. (U.S.)
- Graphcore (U.K.)
- IBM Corporation (U.S.)
- Taiwan Semiconductor Manufacturing Company Limited (Taiwan)
- Micron Technology, Inc. (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global system-on-chip (SoC) market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global System-on-Chip (SoC) Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
