DUBLIN, Jan. 2, 2025 (Globe Newswire) — System-on-Chip (SoC) Market by Core Count (Single Core, Dual Core, Quad Core, Hexa Core, Octa Core), Core Architecture (ARM, X86, RISC) -V), devices (smartphones, tablets, laptops, smart TVs & STBs, infotainment systems, routers, gateways) – Global ‘Forecast to 2029’ report Added to ResearchAndMarkets.com services.
System-on-chip (SoC) market is expected to be worth USD 138.46 billion in 2024 and is estimated to reach USD 205.97 billion by 2029, growing by 8.3% from 2024 to 2029. growing at a CAGR of
This report helps market leaders/new entrants in this market by providing information about the closest approximation of overall System-on-Chip market and sub-segment sales. This report helps stakeholders understand the competitive environment, better position their business and gain more insights to plan appropriate go-to-market strategies. The report also helps stakeholders understand market trends and provides information on key market drivers, restraints, challenges, and opportunities.
Advanced driver assistance systems are an important contributor to the growth of SoCs in autonomous vehicles. The use of IIoT applications such as predictive maintenance, asset tracking, and automated production lines rely on SoCs for real-time data processing and connectivity.
The boom in demand for systems-on-chips is driven by the rapid adoption and proliferation of artificial intelligence and machine learning technologies. In addition to this, high design and manufacturing costs impede the pace of product innovation and reduce its diversity, thus limiting the growth of the overall SoC market.
The healthcare vertical segment is expected to grow at a significant rate during the forecast timeline.
The SoC healthcare sector is also growing steadily and innovatively, driven by the demand for advanced medical equipment and the need for remotely delivered customized health solutions. Here, SoCs are designed with the unique requirements of medical applications in mind, such as high reliability, low power consumption, and strict regulatory compliance.
These chips are used in a wide range of medical devices, including specialized medical technologies such as respiratory machines, patient monitors, imaging systems, implantable cardiac devices, and vital signs monitoring devices. This segment includes leading SoCs from Texas Instruments Incorporated (USA), Analog Devices, Inc. (USA), and STMicroelectronics (Switzerland), which provide application-specific SoCs for various healthcare applications. We are developing.
The growing focus on remote patient monitoring and telemedicine is increasing the demand for more compact devices that can consume power efficiently and feed the same data back to healthcare providers. For example, in July 2023, Ambiq (USA) introduced the Apollo4 Lite and Apollo4 Blue Lite SoCs to improve battery life and functionality in medical devices.
These SoCs are ideal for digital health applications such as patient monitoring, digital stethoscopes, and continuous blood sugar and blood pressure monitoring. SoCs in medical devices enable patients and healthcare providers to monitor health conditions, analyze data, and prescribe appropriate treatments. As medical devices become more complex and feature-rich, healthcare SoCs are evolving to incorporate more advanced features.
Quad-core segment will maintain high market share during the forecast period
Quad-core SoCs account for the largest market share among all SoCs. Quad-core SoCs provide more critical computing, balanced power consumption, and demonstrate strong energy efficiency, especially for devices that require high levels of computing performance. This product category primarily falls into the mid-range to high-end smartphone, tablet, and laptop segments, with increasing use cases within IoT devices and in-vehicle infotainment systems. For example, Synaptics Incorporated (USA) launched the Synaptics Astra platform with SL series quad-core SoC based on Arm architecture in April 2024 for industrial edge IoT, consumer, and enterprise applications.
The Al Native Computing Platform uses the open-source Al framework and scalable hardware to provide sensing, processing, and connectivity for IoT systems. The quad-core performance and low power SoC enables designs that balance performance and low power consumption, making it suitable for virtually any consumer, LOT, edge, or industrial application. Due to the increasing complexity of mobile applications and the requirement of multitasking on portable devices, the use of quad-core SoCs in applications is steadily increasing.
North America is expected to maintain a large share during the forecast schedule as manufacturers focus on product development.
North America is projected to account for a significant market share during the forecast period. North America, and the United States in particular, is at the forefront of technological innovation in the semiconductor industry. This growth is primarily driven by the presence of leading companies developing SoCs in the region, such as Intel Corporation (US), Advanced Micro Devices, Inc. (US), Broadcom (US), and NVIDIA Corporation (US). .
These companies are focusing extensively on developing and launching new products to meet the high demand for global cloud service providers in the market. The North American market benefits from a supportive government environment that fosters the growth of the semiconductor industry. For example, the US Department of Commerce announced an investment worth $8.5 billion in March 2024 under an agreement with Intel Corporation (USA) to manufacture chips and chains in the US. This funding will result in more chips being produced and manufactured locally. This provides long-term support for the SoC market in the region.
This report provides insight into the following guidelines:
Key drivers (growth trends of SoC in the automotive industry, rapid adoption of IoT and connected devices, proliferation of AI and machine learning technologies driving demand for SoC), restraints (high design and manufacturing costs are driving the expansion of the SoC market analysis of consumption issues), opportunities (5G rollout accelerates SoC integration into networking devices, smart home technology adoption drives SoC market expansion, SoCs in industrial automation and robotics) Rising Demand), Challenges (Human Resources Product Development/Innovation: Detailed insights into upcoming technologies, R&D activities, and launches of new products and services in the world. System-on-Chip market. Market Development: Comprehensive information about the profitable market. – Report analyzing the System-on-Chip market across different regions Market Diversification: Thorough information on new products and services, assessment of unexplored regions, recent developments, and investment competitiveness in the System-on-Chip market. : Qualcomm Technologies, Inc. (USA), MediaTek Inc. Detailed assessment of market share, growth strategies, and service offerings of key players such as (Taiwan), Samsung (South Korea), Apple Inc. (US), and Broadcom (US) in the System-on-Chip market
Key attributes:
Report Attribute Details No. Number of Pages 326 Forecast Period 2024 – 2029 Estimated Market Value in 2024 (USD) 138.46 billion USD Predicted Market Value by 2029 (USD) 205.97 Billion USD Average Annual Growth Rate 8.3 % Target area worldwide
Featured companies
Qualcomm Technologies, Inc.Mediatek Inc.SamsungApple Inc.BroadcomIntel CorporationAdvanced Micro Devices, Inc.Nvidia CorporationHisiliconMicrochip Technology Inc.Nxp SemiconductorsInfineon Technologies AGTexas Instruments IncorporatedRenesas Electronics CorporationStmicroelectronicsQuicklogic CorporationUnisoc (Shanghai) Technologies Co. Ltd.Realtek Semiconductor Corp.Ambarella International LpNovatek Microelectronics Corp.Espressif SystemsGreenwaves TechnologiesIncoreAmbiqMorse MicroMindgrove Tech.EfinixKneron, Inc.Esperanto TechnologiesSifive, Inc.
For more information on this report, please visit https://www.researchandmarkets.com/r/k29vyv.
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source of international market research reports and market data. We provide the latest data on international and regional markets, key industries, top companies, new products and latest trends.
System-on-chip (SoC) market
