System On Chip Market: Trends, Growth, and Future Perspective

System On Chip Market Size, Share & Trends Analysis Report By Type (Digital SoCs, mixed-signal SoCs, and analog SoCs), By End user (Consumer electronics, automotive, healthcare, industrial, aerospace and defense, and others), By Applications (Smartphones and tablets, automotive electronics, consumer electronics, industrial automation, healthcare devices, and others) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America) - Forecast (2022-2032)

Market Overview:

According to recent estimates, the global System on Chip (SoC) market was valued at approximately USD 168.93 billion in 2023. The market is projected to grow at a CAGR of 8.1% during the forecast period from 2024 to 2031, reaching a valuation of around USD 305.98 billion by 2031.

The global system-on-a-chip (SoC) market is a vibrant, quickly growing sector of the economy that is essential to the development of numerous technological fields. Integrated circuits, or SoCs, are made up of several parts that are combined into a single chip, including peripherals, memory, and CPUs. Because of this integration, SoCs can perform better, use less power, and be smaller, which makes them ideal for a wide range of applications, including tablets, smartphones, automobile electronics, Internet of Things devices, and more. The SoC market exists to meet the increasing need for sophisticated, multipurpose electronics.

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Top Companies of the System On Chip Market Players Analysis:

• MediaTek Inc.
• Texas Instruments Incorporated
• Apple Inc.
• NXP Semiconductors N.V.
• STMicroelectronics N.V.
• Micron Technology, Inc.
• Qualcomm
• Intel Corporation
• Broadcom Inc.
• Samsung Electronics Co., Ltd.
• NVIDIA Corporation
• Advanced Micro Devices, Inc.

Market Trends:

Combining Machine Learning (ML) with Artificial Intelligence (AI) Capabilities

• The growing incorporation of machine learning (ML) and artificial intelligence (AI) features into SoC designs is known as the System-on-Chip market. The demand for hardware acceleration devices and specialized processors designed for AI inference, neural networks computations, and other advanced learning activities is being driven by the rising pervasiveness of AI and ML techniques across numerous industries. In order to support arising AI-driven applications like natural language processing, computer vision, speech recognition, in addition autonomous systems, as well as to enable successful execution of AI algorithms, SoC vendors have begun to incorporate dedicated AI/ML accelerators like a tens processing unit (TPUs), neural computation units (NPUs), in addition AI coprocessors into their chip designs. Furthermore, in order to provide scalable as well as power-efficient AI performance, SoC architectures are developing to accommodate heterogeneous computing paradigms. These paradigms involve mixing DSPs, specialist AI accelerators, GPUs, and general-purpose CPUs on a single chip. By incorporating AI/ML capabilities into SoCs, embedded systems, edge devices, and IoT endpoints may make decisions locally in real-time and infer from data, which lowers latency, bandwidth needs, and reliance on cloud-based AI services.

Focus on Security and Trustworthiness

• The rising emphasis on reliability and security in SoC designs in response to the growing dangers from malicious activities, data breaches, and cyberattacks that target IoT ecosystems and connected devices. To guard against unauthorized access, manipulation, and the exploitation of system weaknesses, SoC suppliers are introducing silicon-based security features, such as cryptographic accelerators, trusted execution environments (TEEs), secure boot, and hardware root of trust. Furthermore, the implementation of security best practices and legal obligations in SoC development processes is being driven by industry standards and certification frameworks like Unified Criteria, FIPS (Federal Information Processing Standards), & ISO/IEC 27001.  

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System On Chip Market Segmentation Analysis:

By Type:

• Digital SoCs
• mixed-signal SoCs
• analog SoCsl

By Application:

• Smartphones and tablets
• automotive electronics
• consumer electronics
• industrial automation
• healthcare devices
• others

By End user

• Consumer electronics
• Automotive
• Healthcare
• Industrial
• aerospace and defense
• others

By Region

• North America (U.S., Canada, Mexico)
• Europe (Germany, France, UK, Italy, Spain, Russia, Rest of Europe)
• Asia-Pacific (China, India, Japan, ASEAN, Rest of Asia-Pacific)
• LAMEA (Latin America, Middle East, Africa)

The report also helps in understanding the Global System On Chip Market dynamics, structure by analyzing the market segments, and projects the Global System On Chip Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global System On Chip Market makes the report an investor’s guide.

Key Industry Developments:

In April 2024, the Aquila family of systems-on-modules (SOMs) has been introduced by Swiss embedded systems specialist Toradex. It supports workloads related to edge artificial intelligence (edge AI) and machine learning, as well as high-performance real-time computing.

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