The Brainy Insights launched a study titled System-On-Chip Market Size by Type, End-User, Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030
The global system-on-chip market is expected to grow from 157.2 billion in 2021 to USD 311.6 billion by 2030, at a CAGR of 7.90% during the forecast period 2022-2030. The global system on chip market is pushed by increased investment in 5-Generation technology globally. System on Chip’s compact nature and IoT adoption raise the market’s growth. The need for smart and energy-efficient electronic gadgets also propels market development. The requirement for multicore technologies, and fixed graphics are some elements anticipated to propel market growth. Additionally, the high initial price of development and design restricts market development. The need for electronics product miniaturization is predicted to form profitable opportunities in the global system on the chip market.
The digital signal segment dominated the market, accounting for around 55.02 billion in global revenue in 2021.
The type segment of system-on-chip market is divided into the mixed signal, analog signal & digital signal. The digital signal segment dominated the market, accounting for around 55.02 billion in global revenue in 2021.
The consumer electronics segment dominated the market, accounting for around 25.15 billion global revenue in 2021.
The end-user segment of system-on-chip market is divided into aerospace & defense, IT & telecommunication, automotive, industrial, healthcare, consumer electronics, and others. The consumer electronics segment dominated the market, accounting for around 25.15 billion in global revenue in 2021. In the market, there has been a constant need for compact and scalable ICs that push the need for system-on-chip. Primary use across multiple consumer electronics products for signal processing and wireless communication is expected to boost the demand for system on chip shortly.
Regional Segmentation Analysis:
The market is analysed based on five regions: North America, Europe, Asia Pacific, South America, the Middle East and Africa. North America is expected to be the largest market during the forecast period. North America has the largest market share in the system on a chip market. Due to the presence of big players such as Apple and Qualcomm and the need for advanced electronic devices remains influential in the region. It is further strengthened by IoT (Internet of things) devices which are increasing in popularity, specifically in North America.
The major players in the market include Toshiba Corporation, Taiwan Semiconductor Manufacturing Company Limited, Stmicroelectronics N.V., Samsung Electronics Co. Ltd., Qualcomm Incorporated, Nxp Semiconductors N.V. (Freescale Semiconductor, Ltd.), Mediatek Inc., Intel Corporation, Broadcom Limited, Apple Inc., among others.
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