Global System-On-Chip Market 2024-2028
The system-on-chip market is forecasted to grow by USD 5.7 bn during 2023-2028, accelerating at a CAGR of 4.46% during the forecast period. The report on the system-on-chip market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing adoption of socs in robotics, growing investment in smart cities, and growing demand for iot devices.
Technavio's system-on-chip market is segmented as below:
- By Application
- Consumer electronics
- IT and telecommunication
- Automotive
- Others
- By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the increase in 5g investments as one of the prime reasons driving the system-on-chip market growth during the next few years. Also, growing demand for smart and power-efficient electronic devices and rising adoption of narrowband-iot (nb-iot) will lead to sizable demand in the market.
The report on the system-on-chip market covers the following areas:
- System-on-chip market sizing
- System-on-chip market forecast
- System-on-chip market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading system-on-chip market vendors that include Analog Devices Inc., Apple Inc., Broadcom Inc., Huawei Technologies Co. Ltd., Infineon Technologies AG, Intel Corp., MediaTek Inc., Microchip Technology Inc., NVIDIA Corp., NXP Semiconductors NV, Qualcomm Inc., Samsung Electronics Co. Ltd., STMicroelectronics International N.V., Taiwan Semiconductor Manufacturing Co. Ltd., Texas Instruments Inc., and Toshiba Corp.. Also, the system-on-chip market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.