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 i