System On Chip Market Set to Reach $232.71 Billion by 2029 with 8.75% Yearly Growth

What Is the Estimated Market Size and Growth Rate for the System On Chip Market?
In recent times, there has been a marked increase in the system on chip market size. The market, valued at $152.46 billion in 2024, is projected to scale to $166.36 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.1%. Factors contributing to this uptick during the historic period include the progression of semiconductor technology, the surge in mobile computing, the explosion of Internet of Things (IoT), the prevalence of wearable technology, and the evolutionary jump in automotive electronics.

The chip-on-system market is anticipated to witness substantial expansion in the upcoming years, escalating to a value of $232.71 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 8.8%. The surge in growth during the projected period can be associated with factors such as 5G connectivity, the growth of edge computing, employing artificial intelligence at the edge, self-driving automobiles, and the emergence of augmented reality (AR) and virtual reality (VR). During the forecast period, main trends like the integration of various cores, an emphasis on security measures, the rise in customization and configurability, advancements in packaging methodologies, and the emergence of domain-specific architectures are expected.

What Are the Forces Behind the Rapid Growth of the System On Chip Market?
The surge in smartphone use is anticipated to stimulate the expansion of the system-on-chip (SoC) market. Smartphones, essentially handheld gadgets that merge mobile phone capabilities with those of a computer, including internet access, communication functions, and a plethora of apps, are becoming more popular due to their multifunctionality. These devices offer a myriad of services, from communication to information, entertainment, and productivity tools, all in a compact, mobile format. The SoC improves smartphone performance and power efficacy by combining various electronic components, such as a processor, memory, and peripherals, onto a single chip. In April 2022, the Vietnam Ministry of Information and Communications' Department of Telecommunications reported that the number of smartphone subscribers in the country had risen to 91.3 million in 2021, with an additional 2 million by the end of March 2022, totaling 93.5 million subscribers, which is approximately 73.5% of the adult population. As a result, the growing use of smartphones is propelling the SoC market's expansion.

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Who Are the Dominant Companies Influencing System On Chip Market Trends?
Major companies operating in the system on chip market are 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

How Is the System On Chip Market Evolving?
Leading businesses in the system-on-chip market are investing in the advancement of high-tech solutions, including systems foundry designed for AI to cater to various industry needs. This pertains to a bespoke platform geared towards refining the creation and implementation of AI systems via custom-built infrastructure and tools. For example, Intel, a US tech firm reported that in February 2024, they unveiled the inaugural systems foundry created specifically for the AI era, signifying essential progress in the field of semiconductor production. Revealed at the Intel Foundry Direct Connect event, this scheme aims to fulfill the increasing requirement for AI-centric chip models by offering a comprehensive method amalgamating chip design, testing, and production services. Highlights include the rollout of 14A process technology, collaborations with key businesses such as Microsoft and Arm to improve design flows, and state-of-the-art packaging solutions such as the embedded multi-die interconnect bridge (EMIB) technology.

What Are the Different Segmentations in the System On Chip Market?
The system on chip market covered in this report is segmented -

1) By Type: Digital System On Chips, Mixed-Signal System On Chips, Analog System On Chips
2) By Application: Home Appliances, Portable Electronic Devices, Advanced Driver Assistance Systems, Medical Devices, Radio-Frequency Devices, Power-Electronic Devices, Wired And Wireless Communication Devices, Wearable Devices, Other Applications
3) By End-Use Industry: Consumer Electronics, Automotive And Transportation, Information Technology (IT) And Telecommunication, Aerospace And Defense, Healthcare, Power And Utility, Other End Use Industries

Subsegments:
1) By Digital System On Chips: Microprocessors (MPUs), Digital Signal Processors (DSPs), Field Programmable Gate Arrays (FPGAs), Application-Specific Integrated Circuits (ASICs), System Control Units (SCUs)
2) By Mixed-Signal System On Chips: Analog-To-Digital Converters (ADC), Digital-To-Analog Converters (DAC), Radio Frequency (RF) Transceivers, Power Management Integrated Circuits (PMIC), Signal Processors With Both Analog And Digital Functionalities
3) By Analog System On Chips (ASoC): Amplifiers, Voltage Regulators, Power Management ICs (PMIC), Radio Frequency (RF) Systems, Sensors (Temperature, Pressure, Motion Sensors)

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Which Region Is at the Forefront of the System On Chip Market?
Asia-Pacific was the largest region in the system on chip market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the system on chip market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The System On Chip Global Market Report?

- Market Size Analysis: Analyze the System On Chip Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the System On Chip Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall System On Chip Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the System On Chip Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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