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System on Chip Market Share, Global Trends, Segments | SoC Industry Analysis, Growth Factors, Emerging Technologies, Top Key Players Study and Regional Forecast 2023

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System on Chip Market Share, Global Trends, Segments | SoC Industry Analysis, Growth Factors, Emerging Technologies, Top Key Players Study and Regional Forecast 2023

August 27
01:00 2019
System on Chip Market Share, Global Trends, Segments | SoC Industry Analysis, Growth Factors, Emerging Technologies, Top Key Players Study and Regional Forecast 2023

Market Research Future
Market Research Future published a research report on “System On Chip (SoC) Market Research Report – Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Scenario

The global system-on-chip market is anticipated to surpass a valuation of USD 207.21 billion by the end of 2023, attaining a CAGR of 8.3% during the forecast period (2018-2023), Market Research Future (MRFR) unveils in a detailed report. System-on-chip can be defined as an integrated circuit on which electronic components are combined, like control units, transistors, peripherals, memory units, and others. SoC consist of both software and hardware, resulting in improved response time along with efficient power consumption. It is similar to the CPU of a computer. For instance, it occupies less space and is compact.

Market Potential and Pitfalls

The global System-On-Chip Market has witnessed a tectonic surge over the past few years. The market’s growth is chiefly directed by the surging demand for compact, smart, and power-efficient electronic devices. The SoC market is witnessing rapid adoption of IoT, owing to the increased penetration of Wi-Fi connectivity, technological advancements made in wireless network technologies, surging demand for smart wearable, and rapid adoption of the cloud platform. The SoC market has witnessed a considerable growth owing to the surging applications in end-users sector, with smartphones having the largest share in the global market. Moreover, industries like consumer electronics, telecommunications, and healthcare are considered leading verticals in the adoption of SoC technology. The high availability of cost-effective silicon chip and advancements in the manufacturing process are creating new growth opportunities for the market across the world.

On the contrary, the high initial cost of design and development, along with its maintenance, is anticipated to restrict the growth of the SoC market in the foreseeable future.

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Global System-On-Chip Market: Segmental Analysis

The global system-on-chip market is segmented on the basis of type and application.

  • By type, the global system-on-chip market is segmented into digital signal, analog signal, and mixed signal.
  • By application, the global system-on-chip market is segmented into healthcare, consumer electronics, automotive, telecommunication, and others. Among these, the consumer electronics segment will gain prominence. The key factor propelling the growth of consumer electronics is the growing need for scalable and compact Is. The increased penetration of smartphones is also considered to boost the demand for SoC in consumer electronics.

Key Players

The major players in the system-on-chip market are Intel Corporation, Qualcomm Incorporated, Samsung Electronics Ltd, NXP Semiconductors N.V., Toshiba Corporation, Broadcom Limited, STMicroelectronics N.V., Apple Inc, MediaTek Inc, and Taiwan Semiconductor Manufacturing Company Limited.

Other players in the system-on-chip market are Infineon Technologies, Maxim Integrated Products Inc, Microchip Technology Inc, Texas Instruments, ON Semiconductor and many others.

Regional analysis

Geographically, the system-on-chip market spans across Europe, North America, Asia Pacific, and the Rest of the World (RoW).

The Asia Pacific will dominate the global market due to the surging demand for advanced consumer electronics, especially from nations like India, China, Taiwan, South Korea, and Japan. Increased production of automobiles, growing adoption of industrial automation, and rising investments in communication network infrastructure are some of the key factors creating growth opportunities for the market in this region.

The increased adoption of IoT-based technologies integrated with consumer appliances is gaining popularity in North America. This is estimated to bolster the growth of the regional market in the coming years.

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Intended Audience

  • SoC Manufacturers
  • SoC Distributors
  • Research/Consultancy firms
  • Vendors from various industry verticals such as Automotive, and Electronics & Semiconductors among others
  • OEMs
  • Semiconductor Manufacturers

About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India

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