Press release
System On Chip Market Report 2024 - System On Chip Market Growth And Trends
System On Chip Market
According to The Business Research Company's, The system on chip market size has grown strongly in recent years. It will grow from $140.34 billion in 2023 to $152.46 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to advancements in semiconductor technology, mobile computing revolution, Internet of Things (IoT) boom, rise of wearable technology, and automotive electronics evolution.
The system on chip market size is expected to see strong growth in the next few years. It will grow to $214.05 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to 5g connectivity, edge computing expansion, artificial intelligence at the edge, autonomous vehicles, rise of augmented reality (AR) and virtual reality (VR). Major trends in the forecast period include integration of heterogeneous cores, focus on security, customization and configurability, advancements in packaging technologies, and rise of domain-specific architectures.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/system-on-chip-global-market-report
Market Drivers and Trends:
The increasing adoption of smartphones is expected to propel the growth of the system-on-chip market going forward. Smartphones refer to handheld electronic devices that combine the functionalities of a mobile phone with those of a computer, typically offering internet access, communication features, and a wide range of applications. The increasing adoption of smartphones is due to their versatility, providing access to communication, information, entertainment, and productivity tools in a compact, portable device. System on chip (SoC) integrates multiple electronic components, including processor, memory, and peripherals, onto a single chip, optimizing smartphone performance and power efficiency. For instance, in April 2022, according to the Department of Telecommunications under the Vietnam Ministry of Information and Communications, a Vietnam-based regulatory agency, Vietnam recorded 91.3 million smartphone subscribers in 2021, an increase of over 2 million at the end of March 2022, resulting in a total of 93.5 million subscribers, equivalent to 73.5% of the nation's adult population. Therefore, the increasing adoption of smartphones is driving the growth of the system-on-chip market.
Major companies operating in the system-on-chip market are focusing on developing next-generation artificial intelligence solutions to meet the growing demand for high-performance computing and edge processing capabilities. Next-generation artificial intelligence solutions represent the forefront of advanced technology, leveraging cutting-edge algorithms and methodologies to tackle complex problems and drive innovation across various industries. For instance, in January 2021, Atlazo Inc., a US-based artificial intelligence system-on-chip semiconductors developer, launched the AZ-N1, an AI system-on-chip (SoC) tailored for compact smart devices. It uses an energy-efficient Artificial Intelligence and Machine Learning processor (Axon ITM) to address audio processing, voice recognition, health tracking, and sensor needs. With its notably low power consumption, augmented by a low-power CODEC supporting up to 4 microphones, alongside integrated battery charging, DC or DC regulators, and Bluetooth connectivity, the AZ-N1 excels in handling intricate tasks such as audio and biometric processing, as well as sensor signal interpretation.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=15481&type=smp
Major Key Players of the Market:
Apple Inc., Samsung Electronics Co. Ltd., Huawei Technologies Co. Ltd., Sony Corporation, Taiwan Semiconductor Manufacturing Company Limited, Intel Corporation, Qualcomm, Broadcom Inc., Micron Technology Inc., NVIDIA Corporation, Toshiba Corporation, Advanced Micro Devices Inc., Texas Instruments Incorporated, MediaTek Inc., STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors N.V., Renesas Electronics Corporation, onsemi, Marvell Technology Group Ltd., Arm Limited
System On Chip Market 2024 Key Insights:
• The system on chip market size is expected to see strong growth in the next few years. It will grow to $214.05 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%.
• Smartphone Adoption Fueling System on Chip Market Expansion
• Advancements In Artificial Intelligence Solutions Enhanced System On Chips Market
• Asia-Pacific was the largest region in the system on chip market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=15481&type=smp
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ"
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release System On Chip Market Report 2024 - System On Chip Market Growth And Trends here
News-ID: 3697425 • Views: …
More Releases from The Business research company
Leading Companies Reinforce Their Presence in the Blanket Market
The blanket market is steadily gaining traction as consumers increasingly seek comfort and style in their home essentials. With evolving preferences and technological advancements, this sector is set to experience consistent growth. Let's explore the current market value, key players, emerging trends, and the main segments fueling this expansion.
Forecasted Blanket Market Size and Growth Trajectory
The blanket market has seen consistent growth over recent years. From a market size…
Global Trends Review: The Rapid Evolution of the Sporting and Athletic Goods Mar …
The sporting and athletic goods market is experiencing steady growth, driven by evolving consumer preferences and technological advancements. As health and wellness continue to gain importance globally, this market is set for notable expansion in the coming years. Let's explore the current market size, key factors fueling its growth, leading companies, major trends, and segmentation details.
Forecast for Sporting and Athletic Goods Market Size Through 2029
The sporting and athletic…
Train Seat Market Overview, Key Growth Factors, and Insights on Top Players
The train seat industry is experiencing notable growth, driven by advancements in technology and increasing demand for improved passenger comfort. As rail travel evolves, so does the need for innovative, efficient, and adaptable seating solutions that cater to modern requirements. Let's explore the current market status, key players, trends, and segments shaping the future of train seating.
Train Seat Market Size and Growth Expectations
The train seat market has seen…
Leading Companies Solidifying Their Presence in the Spunbond Nonwovens Market
The spunbond nonwovens industry has been experiencing notable growth and shows promising prospects for the coming years. This expanding market is being driven by several innovations and increasing demand across diverse sectors, signaling a robust future.
Projected Growth and Market Size of the Spunbond Nonwovens Market
The spunbond nonwovens market has demonstrated solid expansion recently, with its size expected to rise from $15.57 billion in 2024 to $16.59 billion in…
More Releases for Chip
5G Radio Frequency Chip (RF Chip) Market Report 2024 - 5G RF Chip Market Size An …
"The Business Research Company recently released a comprehensive report on the Global 5G Radio Frequency Chip (RF Chip) Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
According to The Business Research Company's, The…
5G Radio Frequency Chip (RF Chip) Market Report 2024 - RF Chip Market Size And T …
"The Business Research Company recently released a comprehensive report on the Global 5G Radio Frequency Chip (RF Chip) Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
According to The Business Research Company's,…
Chip Resistor R CHIP Market Size 2024 to 2031.
Market Overview and Report Coverage
A chip resistor, also known as an R CHIP, is an electrical component widely used in electronic circuits to control the flow of electric current. These resistors are small in size and are surface mountable, making them ideal for high density circuit board applications.
The Chip Resistor R CHIP Market is expected to experience steady growth in the coming years, with a projected CAGR of…
5G Radio Frequency Chip RF Chip Market Size 2024 to 2031.
Market Overview and Report Coverage
A 5G Radio Frequency Chip, also known as an RF Chip, is a key component in enabling the high-speed data transmissions required for next-generation wireless networks. These chips are used in devices such as smartphones, tablets, IoT devices, and other connected devices to facilitate the transmission of data over 5G networks.
The future outlook for the 5G Radio Frequency Chip RF Chip Market is promising,…
Fiber Laser Chip Market Future Outlook 2023-2029, Industry Demand, Trends, Size, …
The Fiber Laser Chip Market report provides an all-inclusive evaluation of the parent market by assessing the market value and volume in the past, present, and forecast years. It also presents an assessment of the market share and tactical approaches of the market leaders. Moreover, the report highlights the lucrative strategies that help companies to strengthen their market position. Additionally, it focuses on competitive developments such as expansions, agreements, new…
Global Radio Frequency Chip (RF Chip) Market 2018 - Skyworks Solutions, Qorvo
Apex Market Reports, recently published a detailed market research study focused on the "Radio Frequency Chip (RF Chip) Market" across the global, regional and country level. The report provides 360° analysis of "Radio Frequency Chip (RF Chip) Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Radio Frequency Chip (RF Chip) industry,…
