Global System-on-Chip (SoC) Market Analysis 2022-2030 is Spurring Rise in Gaming Drives the SoC Market Demand
Sep 22, 2022
The system-on-chip market is expected to garner significant traction in future years. System-on-chip (SoC) technology advancements have enabled its use in widespread applications. Market Research Future (MRFR) expects the global system-on-chip market valuation to escalate from USD 131.83 BN in 2021 to USD 214.8 BN by 2030, growing at an 8.30% CAGR from 2022 to 2030.
A system-on-chip (SoC) is an integrated circuit combining many systems, including system memory, peripheral controllers for USB, storage, specialized neural network circuitry, graphics processing units (GPUs), radio modems for Bluetooth/Wi-Fi, and more, into a single chip. Integrated CPU chip & separate controller chips, GPU, and RAM in an SoC can be replaced and upgraded when needed.
Using SoCs makes computers smarter, smaller, faster, cost-effective, and energy-efficient. Today, most CPUs can be considered as SoCs, comprising all technologies in a PC, such as integrated graphics processors, PCI express, memory controllers, etc., all on a single chip. System-on-chip (SoC) technology is garnering significant prominence, mainly due to its extensive use in consumer electronics.
Growing applications of SoC in consumer electronics, infrastructure, automotive navigation, and imaging systems provide extensive impetus to the market. Besides, rapid developments of next-generation Xbox 5 and PlayStation 6 console SoCs are key driving forces. The rapid proliferation of smartphones and tablets over recent years has boosted the demand for SoCs and microprocessors/microcontrollers.
Besides, the increased integration of miniaturized electronics substantiates the SoC market size. The growing demand for system-on-chip from the automotive sector and surveillance equipment industry substantiates market revenues. SoC beta is extensively used in designing smart screens and related solutions. Most OOH media owners monetize cost-efficient smart screens and smart screen operating systems to enable intelligent proof-of-play reporting, OOH ad playlist generation, and dynamic campaign delivery.
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Market Size in 2030
USD 214.8 Billion
CAGR of 8.30%from 2022 to 2030
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
The global automotive industry is undergoing a critical transformational phase, witnessing heightened demand for autonomy, advanced ADAS, better driver experiences, and electrification. At the same time, smart computing is quickly making its way to automotive, aligning automotive IP integration, validating SoC IPs and automation tools. These factors, as a result, foster the need for more capable SoCs and microcontroller units (MCUs).
The SoC technology supports autonomous driving, cockpit & infotainment systems, advanced driver assistance systems (ADAS), vision, radar & lidar, body & chassis control, and other automotive subsystems. It allows high performance and power efficiency in complex & demanding safety-critical applications with differing workloads.
For the automotive sector, the ability to optimize IP integration is important, which betters SoC design productivity. Today, a vehicle has at least 20 advanced SoCs, with a huge range of various automotive SoC configurations. Besides, pre-integrated and pre-optimized IPs designed for high-performance computing and SoC connectivity are important for SoC designers, semiconductor companies, automotive OEMs, Tier 1 suppliers, and ride-sharing companies.
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This SoC market is segmented into types, applications, and regions. The type segment comprises analog signal, digital signal, and mixed signal. The application segment comprises consumer electronics, healthcare, telecommunication, automotive, and others. The region segment comprises the Americas, Asia-Pacific, Europe, and the Rest-of-the-World.
North America dominates the global system-on-chip market, accounting for substantial growth in terms of revenue generation. The large presence of key technology providers like Qualcomm and Apple and well-established IT & telecommunication companies drives the market growth. Besides, the rising demand for electronic devices and the growing popularity of IoT devices in this region boost the market shares.
Characterized by several well-established players, the global system-on-chip market appears highly competitive. Well-established players incorporate acquisition, collaboration, partnership, expansion, and technology launch to gain a competitive advantage in this market and maintain their market position. Other strategies adopted by market players include greater commercialization of their products, promotion initiatives through trade exhibitions, and increased collaboration.
For instance, on Sep.15, 2022, Arm and Arteris IP announced the expansion of their partnership to speed up SoC design innovation with a robust alignment of IPs and automation toolset integration. The collaboration will enable these companies to facilitate integrated and optimized automotive solutions to enable faster time to market.
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In another instance, on Sep.15, 2022, Cadence Design Systems (CDNS) launched Verisium, an AI-driven verification platform that can address complex design workloads and speed up bug analysis for system-on-a-chip (SoC). The Verisium platform aligns with the company’s intelligent system design strategy that helps customers gain SoC design excellence. The Verisium platform marks a dynamic change in electrical design automation (EDA) toward algorithms, using big data and AI to optimize various engines across SoC design & verification campaigns.
Leading players in the SOC market are Intel Corporation, Qualcomm Incorporated, Samsung Electronics Ltd., NXP Semiconductors NV, Toshiba Corporation, Broadcom Limited, STMicroelectronics NV, Apple Inc., MediaTek Inc., and Taiwan Semiconductor Manufacturing Company Limited, among others.
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