Global System on Chip Market Size to worth USD 379.54 Billion by 2033: Forecast Analysis Report

Global System on Chip Market Size to worth USD 379.54 Billion by 2033

According to a research report published by Spherical Insights & Consulting, The Global System on Chip Market Size is Expected to Grow from USD 165.84 Billion in 2023 to USD 379.54 Billion by 2033, at a CAGR of 8.63% during the forecast period 2023-2033. 

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global System on Chip Market Size, Share, and COVID-19 Impact Analysis, By Type (Digital, Mixed, and Analog), By Applications (Home Appliance and ADAS System), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.    

A system on chip, or SoC, is an integrated circuit that integrates many components of a computer or electronic system, such as the central processing unit, memory, input/output interfaces, and sometimes graphics processing units or digital signal processors, all into one chip. Due to their compact design, energy efficiency, and the low cost involved, SoCs are broadly used in the application field of smartphones, tablets, wearable devices, and other IoT appliances. Combining numerous functionalities onto one chip makes it support greater performance and reduces consumption power with a lower size compared to an integrated device. Furthermore, several factors fuel the growth of the SoC market. Consumer electronics have become more in demand as an increasing number of smartphones and portable devices are required by consumers. Another is that the IoT applications and smart devices, which also depend on 5G technology, call for specialized SoCs intended for specific tasks. Growth in semiconductor technology and requirements for AI-driven applications increase the market's expansion further. However, restraints include high research and development costs, complex designs, and the need to innovate constantly. Global supply chain disruption and the rise in the cost of raw materials will also affect the SoC manufacturing process and its growth.

The digital segment is predicted to hold the greatest market share through the forecast period.

Based on the type, the system-on-chip market is classified into digital, mixed, and analog. Among these, the digital segment is predicted to hold the greatest market share through the forecast period. Digital SoCs are essential in applications that require high computational power, such as smartphones, tablets, wearables, and consumer electronics. These SoCs integrate components like CPUs, GPUs, and memory units, making them crucial for processing large volumes of data and enabling advanced functionalities like high-definition graphics, artificial intelligence, and 5G connectivity.

The ADAS system segment is anticipated to hold the greatest market share during the projected timeframe.    

Based on the applications, the system-on-chip market is divided into home appliances and ADAS systems. Among these, the ADAS system segment is anticipated to hold the greatest market share during the projected timeframe. The growing demand for automotive safety, autonomous driving technologies, and connected car solutions is driving the adoption of SoCs in ADAS. These systems require high-performance processing capabilities to handle real-time data from sensors, cameras, radar, and LiDAR for functions such as lane-keeping assistance, collision avoidance, and adaptive cruise control.

North America is estimated to hold the largest system on chip market share over the forecast period.

North America is estimated to hold the largest system on chip market share over the forecast period. The market in North America is experiencing robust growth due to several factors, including the increasing demand for advanced consumer electronics and the expansion of the automotive industry. The region's strong technological infrastructure, coupled with the presence of leading semiconductor companies, has fueled innovation and development in SoCs. Furthermore, the growing adoption of IoT devices and the rapid advancements in AI and machine learning technologies drive the need for more sophisticated and efficient SoC solutions.

Asia-Pacific is predicted to have the fastest CAGR growth in the system on chip market over the forecast period. This is due to its extensive electronics manufacturing base and the presence of major semiconductor companies. Countries including China, South Korea, and Taiwan are at the forefront of SoC production, catering to the growing demand for consumer electronics, automotive electronics, and industrial automation. Moreover, the increasing inclination of regional countries toward becoming self-reliant in semiconductor production has led to substantial investments in SoC research & development in the last few years, which is expected to create lucrative growth prospects for the market in the coming years.

Company Profiling

Major key players in the system on chip market are Broadcom Inc., Intel Corporation, Intel Corporation, Microchip Technology Inc., NXP Semiconductors NV, Qualcomm Incorporated, Samsung Electronics Co. Ltd, STMicroelectronics NV, Toshiba Corporation, and Taiwan Semiconductor Manufacturing Company Limited (TSMC).

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In October 2024, Intel Corporation revealed its plan to launch the upcoming processor series. The new SoC introduces several improvements over the existing Meteor Lake SoCs, which include Intel Core and Core Ultra processors. It also highlights enhancements such as greater power efficiency, a fourfold boost in NPU processing capability, a 50% faster Intel Arc GPU driven by the next-gen Arc Battlemage architecture, and integrated on-chip memory for a more compact design and quicker memory access.

Market Segment

This study forecasts global, regional, and country revenue from 2023 to 2033. Spherical Insights has segmented the system on chip market based on the below-mentioned segments:

Global System on Chip Market, By Type

• Digital
• Mixed
• Analog

Global System on Chip Market, By Applications

• Home Appliance
• ADAS System

Global System on Chip Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa