System-on-Chip Market To Reach USD 282.64 Billion USD by 2029, witnessing a CAGR of 8.39%| Valuates Reports

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Apr 10, 2023, 10:43 ET

BANGALORE, India , April 10, 2023 /PRNewswire/ -- The system-on-Chip market is segmented by type (Digital, Analog, Mixed Signal), by application (Consumer Electronics, Telecommunication, Automotive) : Opportunity Analysis and Industry Forecast, 2022–2028. It is published in Valuates Reports under the Computers & Electronics Category.

System-on-Chip market was valued at USD 152.63 Billion USD in 2022 and is anticipated to reach USD 282.64 Billion USD by 2029, witnessing a CAGR of 8.39% during the forecast period 2023-2029.

Major Factors Driving the Growth of the System-on-Chip Market

One of the driving factors for the System-on-Chip Market market is anticipated to be consumers' growing demand for smart and power-efficient devices and the widespread adoption of IoT (Internet of Things) by various industry sectors.

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TRENDS INFLUENCING THE GROWTH OF THE SYSTEM-ON-CHIP MARKET

As semiconductor manufacturing technology advances, more and more transistors are being combined onto a single chip. The System-on-Chip Era has come about as a result of Integrated Circuits (ICs) being able to support more features on a single chip. All different types of electronic devices use SoC today. SoCs are used in a variety of configurations for a wide range of activities, from embedded systems to cloud computers. SoCs are hardware/software systems that combine a variety of hardware elements through an interconnect, including memories, peripherals, hardware accelerators, and analog components, with intricate software operating on the CPU. This factor is expected to drive the growth of the System-on-Chip Market

Every modern computing gadget today uses System-on-Chip technology. Complex systems on chips, which provide great computational performance at low expense, are found in consumer electronics products like high-end TVs. Devices for consumer electronics that are small and getting more sophisticated use system-on-a-chip technology. A normal desktop computer from ten years ago cannot match some of these devices' processing and memory capacities. Nanorobots outfitted with SoCs may one day function as programmable antibodies to fight off illnesses that were once thought to be incurable. Manufacturers have incorporated the use of SOCs in a variety of products, including computers, smartphones, medical equipment, and more. This factor is expected to drive the growth of the System-on-Chip Market

Companies that manufacture new electric vehicles develop in technology. Traditionally dispersed electronic control units (ECUs) are being replaced by more centralized domain architectures with central computing by automakers, or OEMs. Nearly every system is supported by robust circuitry controlled by sophisticated software. The system-on-chip (SoC), which controls every element of its domain while also ensuring safety and security, is the car's most powerful electrical component. Its development is being influenced by a number of important trends. A key factor in driving the industry is increasing vehicle range. This factor is expected to drive the growth of the System-on-Chip Market.

When integrated into an SoC chip, only one integrated circuit needs to be packed and tested, which reduces cost. Multiple integrated circuits must be packaged and tested, which is expensive. Several integrated circuits with various purposes are combined on a printed circuit board. To carry out activities, the electrical signal must travel a great distance across the printed circuit board. Both the battery usage and the processing speed have increased. Slow; when incorporated into an SoC chip, the electrical signal can be calculated by transmitting a short distance within the same integrated circuit, resulting in low power consumption and a faster computation speed. This factor is expected to drive the growth of the System-on-Chip Market.

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SYSTEM-ON-CHIP MARKET SHARE ANALYSIS:

The most profitable industry is anticipated to be consumer goods. The high smartphone penetration, which is ascribed to consumer household incomes and the demand for intelligent and energy-efficient electronic devices, is what drives the system on chip's broad range of applications. The market has consistently had a need for scalable and small ICs, which fuels the demand for systems on chips. In the near future, it is anticipated that widespread usage in numerous apps for wireless communication and signal processing will increase demand for systems on chips.

Numerous opportunities exist in the Asia Pacific region for various sectors. China is working harder than ever to develop its homegrown semiconductor sector. The Chinese tech giants have been creating their own chips, which is seen as progress toward China's aim of strengthening its domestic capabilities.

Key Companies:

Qualcomm Incorporated
Toshiba Corporation
Intel Corporation
Samsung Electronics
NXP Semiconductors
Broadcom Limited
STMicroelectronics
Apple Inc.
MediaTek Inc.
Taiwan Semiconductor Manufacturing Company Limited
Magna International Inc.

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SIMILAR REPORTS:

- Chip On Flex (COF) market size is estimated to be worth USD 1791.5 million in 2022 and is forecast to a readjusted size of USD 2446.9 million by 2029 with a CAGR of 4.5% during the forecast period 2023-2029.

- Neuromorphic Computing Market is projected to reach USD 732.5 million by 2028 from an estimated USD 53 million in 2022, at a CAGR of 55.0% during 2023 and 2028.

- Neuromorphic Chip market was valued at USD 28 million in 2022 and is anticipated to reach USD 1228.4 million by 2029, witnessing a CAGR of 87.8% during the forecast period 2023-2029.

- Due to the COVID-19 pandemic, the global Organ-on-a-Chip market size is estimated to be worth USD 80 million in 2022 and is forecast to a readjusted size of USD 581.2 million by 2028 with a CAGR of 39.1% during the review period.

- The global Cognitive Computing market size is projected to reach USD 30200 million by 2028, from USD 7639.3 million in 2021, at a CAGR of 21.5% during 2022-2028.

- The global Brain-like Computing Chip market size is projected to reach USD 1436 million by 2028, from USD 13 million in 2021, at a CAGR of 94.7% during 2022-2028.

- Semiconductor Photomask market size was USD 4352 million and it is expected to reach USD 6203.3 million by the end of 2027, with a CAGR of 4.5% during 2021-2027.

- Semiconductor Foundry market was valued at USD 137970 million in 2022 and is anticipated to reach USD 219310 million by 2029, witnessing a CAGR of 8.0% during the forecast period 2023-2029.

- Semiconductor Filter market was valued at USD 301 million in 2022 and is anticipated to reach USD 596.7 million by 2029, witnessing a CAGR of 10.3% during the forecast period 2023-2029.

- Cloud Computing market was valued at USD 173030 million in 2022 and is anticipated to reach USD 804820 million by 2029, witnessing a CAGR of 29.2% during the forecast period 2023-2029.

- Edge Computing market size is projected to reach USD 55930 million by 2028, from USD 8237 million in 2021, at a Compound Annual Growth Rate (CAGR) of 31.1% during 2022-2028.

- Mobile Edge Computing market size is projected to reach USD 1530.6 million by 2028, from USD 250.9 million in 2021, at a Compound Annual Growth Rate (CAGR) of 28.9% during 2022-2028.

- Edge AI Software market was valued at USD 931.5 million in 2022 and is anticipated to reach USD 3519.4 million by 2029, witnessing a CAGR of 24.8% during the forecast period 2023-2029.

- The global conversational AI market size was valued at USD 5.78 billion in 2020 and is projected to reach USD 32.62 billion by 2030, registering a Compound Annual Growth Rate (CAGR) of 20.0% from 2021 to 2030.

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