System On Chip Market Size To Hit USD 295.49 Billion By 2030


 

San Francisco, 14 Oct 2024: The Report System On Chip Market Size, Share & Trends Analysis Report By Type (Digital, Mixed, Analog), By Applications (Home Appliance, ADAS System), By End Use, By Region, And Segment Forecasts, 2024 - 2030

The global system on chip market size to reach USD 295.49 billion in 2030 and is projected to grow at a CAGR of 8.5% from 2024 to 2030. The proliferation of mobile devices is a major driver of the market growth as smartphones, tablets, and wearable devices require compact, powerful chips that can handle multiple functions, such as processing, graphics, and connectivity, within a single, integrated package. This demand for smaller, faster, and more energy-efficient components pushes manufacturers to innovate continuously, leading to significant advancements in system on chip (SoC) technology, which is further boosting market growth.

Technological advancements are driving the growth of the system on chip industry, with continuous innovations in semiconductor manufacturing processes, including smaller node sizes and enhanced design architectures. The shift towards multi-core processors and the integration of AI and machine learning capabilities within SoCs is propelling the market growth. These advancements enable SoCs to offer improved processing power, energy efficiency, and versatility, making them suitable for a wider range of applications, from consumer electronics to industrial automation.

 

Governments worldwide are pivotal in boosting the sales of SoC products by supporting semiconductor research and development, providing subsidies for local manufacturing, and implementing favorable trade policies. In regions such as North America, Europe, and Asia Pacific, governments are investing heavily in semiconductor infrastructure to reduce dependency on imports and enhance domestic capabilities. These initiatives include funding for R&D, tax incentives for companies investing in semiconductor technologies, and collaborations with academic institutions to foster innovation.

Access Research Report of System On Chip Market @ https://www.grandviewresearch.com/industry-analysis/system-on-chip-market-report

Manufacturers operating in system on chip market are increasingly focusing on the development of highly specialized and application-specific SoCs to cater to the growing demands of various sectors, including consumer electronics, automotive, healthcare, and telecommunications. They are investing in innovative research to enhance chip performance, reduce power consumption, and improve integration capabilities. In addition, they are also forming strategic collaborations with technology firms, startups, and research institutions to accelerate innovation and stay competitive in the rapidly evolving market.

The market presents several key opportunities, particularly in emerging technologies such as AI, 5G, and autonomous vehicles. The growing need for edge computing solutions and the integration of SoCs in industrial automation and smart city projects offer vast potential for market expansion. In addition, the increasing focus on energy-efficient and sustainable electronics opens opportunities for developing green SoCs that cater to environmentally conscious consumers and industries. The expansion of the global semiconductor ecosystem, driven by geopolitical shifts and the push for localization, also provides new avenues for market growth.

Recent Developments

·        In June 2024, Intel Corporation revealed its plan to launch the upcoming processor series. The new SoC introduces several improvements over the existing Meteor Lake SoCs, which include Intel Core and Core Ultra processors. It also highlights enhancements such as greater power efficiency, a fourfold boost in NPU processing capability, a 50% faster Intel Arc GPU driven by the next-gen Arc Battlemage architecture, and integrated on-chip memory for a more compact design and quicker memory access.

·        In February 2024, MaxLinear, Inc. introduced the MXL17xxx series, also referred to as the 'Sierra' platform. This system-on-chip (SoC) is engineered specifically for 4G/5G radio units for O-RAN. The Sierra platform offers a flexible, all-in-one solution that can be utilized across a wide variety of RU applications, including traditional macro, massive MIMO, picocell, and integrated small cells.

·        In January 2024, Robert Bosch GmbH and Qualcomm Technologies, Inc. unveiled a vehicle computer that combines infotainment and ADAS capabilities within a single system-on-chip (SoC). This central computer, introduced by Bosch as part of its cockpit and ADAS integration platform, is powered by the Snapdragon Ride™ Flex SoC. The two companies, building on their long-term partnership, continue to innovate in the realm of software-defined vehicle solutions.

Key System On Chip Company Insights

Some of the key players operating in the SoC market include Intel Corporation, Samsung Electronics Co. Ltd, and Toshiba Corporation.

·        Intel Corporation is one of the leading firms in the semiconductor industry, renowned for its innovations in microprocessors and system-on-chips. Intel leverages its advanced manufacturing processes and integrated circuit design expertise to produce high-performance SoCs for a variety of applications, including data centers, IoT devices, and consumer electronics. Intel's SoCs are designed to handle large volumes of data efficiently, catering to the ever-increasing demand for faster processing and real-time analytics. The company's commitment to innovation and its focus on data-driven architectures enable it to maintain a competitive edge in a rapidly evolving market.

·        Samsung Electronics Co. Ltd is engaged in the development of advanced electronics and semiconductor solutions. The company focuses on the production of advanced SoCs that power a wide range of consumer electronics, from smartphones to home appliances. With its state-of-the-art fabrication facilities and a strong emphasis on innovation, the company continues to introduce innovative solutions related to data management and processing within the SoC domain.

Novatek Microelectronics and Huawei Technologies Co., Ltd, among others, are some of the emerging participants in the market.

·        Novatek Microelectronics provides a diverse range of applications, including smartphones, tablets, and TVs. The company’s SoCs are designed with a focus on data processing efficiency, enabling enhanced image processing and data transmission capabilities.

·        Huawei Technologies Co., Ltd. offers a comprehensive range of products and solutions in telecommunications and consumer electronics. It develops high-performance SoCs that power its smartphones, networking equipment, and other smart devices. The company is also focused on integrating artificial intelligence and machine learning capabilities into its SoCs to offer enhanced solutions.

Key System On Chip Companies:

The following are the leading companies in the system on chip market. These companies collectively hold the largest market share and dictate industry trends.

  • Broadcom Inc.
  • Intel Corporation
  • Intel Corporation
  • Microchip Technology Inc.
  • NXP Semiconductors NV
  • Qualcomm Incorporated
  • Samsung Electronics Co. Ltd
  • STMicroelectronics NV
  • Toshiba Corporation
  • Taiwan Semiconductor Manufacturing Company Limited (TSMC)

About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.

For More Information: https://www.grandviewresearch.com/horizon

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