System On Chip (SoC) Market

System On Chip (SoC) Market Size, Share, Trends, Growth, and Industry Analysis, By Type (Digital Signal, Analog Signal, Mixed Signal), By Application (Consumer Electronics, Healthcare, Telecommunication, Automotive and Others), Regional Insights and Forecast to 2031

Electronics & Semiconductor | February 2022 | Report ID: EMR0034 | Pages: 185

global system on chip (SoC) market size was USD 120.2 billion in 2022 and is predicted reach USD 228.54 billion in 2031, exhibiting at CAGR of 10.30% during the forecast period.


Increases in cyberattacks, the digitalization trend, and the integration of cutting-edge technologies are the key market drivers enhancing market growth. The "System-on-Chip" (SoC) market refers to the semiconductor industry's manufacturing of complex integrated circuits that integrate various components of a computer or electronic system on single chip. These components typically include a microprocessor, memory, input/output interfaces, and other peripherals. SoC, or "System-on-Chip" is widely used in applications such as mobiles, tablets, wearable devices, Internet of Things (IoT) devices, and other embedded systems.

The global "System-on-Chip" (SoC) market has been growing steadily over the past few years and is expected to continue its growth trajectory in the coming years. The increasing demand for advanced consumer electronics and the growing popularity of IoT devices are the major factors driving the growth of the SoC market. The rising trend of automation and digitization in various industries, such as automotive, healthcare, manufacturing, and industrial, is also expected to fuel the growth of the SoC market.

COVID-19 Impact

The COVID-19 has had a significant impact on the System-on-Chip (SoC) market, as it has on many industries worldwide. The pandemic disrupted the global supply chain, causing delays and disruptions in the production and delivery of SoC components. The closure of manufacturing facilities and restrictions on travel and transportation also decrease demand for electronic devices, affecting the demand for System-on-Chip (SoC).

The COVID-19 pandemic has also created new opportunities for the SoC market. With the increasing trend of remote work, online education, and e-commerce, the demand for electronic devices has increased, which has, in turn, boosted the demand for SoC. The COVID-19 pandemic has also accelerated the adoption of IoT devices and digital transformation in various industries, creating new opportunities for the System On Chip (SoC) Market. The COVID-19 pandemic has also led to increased investment in the development of advanced SoC solutions to meet the changing demands of the market.


Report Attribute


Projected Market Value (2031)

228.54 billion

Estimated Market Value (2022)

120.2 billion

Base Year


Forecast Years

2023 - 2031

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment-By Type, By Application and Region

Segments Covered

By Type, By Application and Region

Forecast Units

Value (USD Billion), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2023 to 2031

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.


Market Segment Insights

System On Chip (SoC) Type Insights

Based on type, the System On Chip (SoC) Market is segmented into Digital signal, Analog Signal, and Mixed Signal. Over the projection period of 2022, the market will be led by digital. During the anticipated period, the market for digital signal processors is anticipated to grow at a CAGR of 10.30 percent (2023–2031). Due to the overuse of digital signal processor chips in consumer electronics, the market for these devices is expected to rise significantly. Numerous consumer devices, including mobile phones, have increased in popularity and have become essential items everywhere.

System On Chip (SoC) Application Insights

Based on Application, Consumer Electronics, Healthcare, Telecommunications, Automotive, and Other Industries are the market segments for System on Chip (SoC). Consumer electronics will experience the greatest growth during the forecast period. This is mostly related to the growing consumer smartphone penetration linked to rising family incomes. Compact and scalable I.C.s have consistently been needed due to this development. The product's demand will be fueled in the upcoming years by its numerous applications in various fields, including wireless communication and signal processing.

Regional Analysis

By Region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. Asia Pacific System On Chip (SoC) market The North America is one of the significant regions in the System On Chip (SoC) Market, driven by the high adoption of IoT devices and the growing trend of digital transformation in various industries. The region is also home to several major players in the semiconductor industry, such as Intel Corporation, Qualcomm, and Texas Instruments.

North America has the largest market share for systems on a chip (SoC) large telecom and I.T. companies like Qualcomm and Apple are a couple of the reasons behind this. Modern electrical items are still in major demand in this area. This is further supported by the fact that IoT devices are gaining popularity, especially in North America. In North America, the industry is anticipated to growing rapidly. The United States and Canada are North America's two largest countries. This is due to the increasing usage of IoT integration with household appliances, which is predicted to gain popularity throughout the projected period.

With a revenue share of 23.2% in 2023, Europe is regarded as the Region with the most attractive market for systems on chips after the Asia Pacific. The existence of highly industrialized nations like Germany, United Kingdom, France, Italy, and Belgium is largely responsible for the market expansion in this area. Government programmes that promote the development of these businesses are also a major factor in the expansion of the systems on chips market. Additionally, the U.K. System on Chip (SoC) market grew the quickest in the European area, while the System On Chip (SoC) market in Germany had the biggest market share.

Competitive Landscape

Major market players are investing heavily in R&D to expand their product portfolios, which will drive further growth in the cervical fusion market. With significant industry changes such as new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organisations, market participants are also engaging in a variety of strategic activities to increase their global presence. System On Chip (SoC) industry competitors must provide affordable products in order to grow and remain competitive in an increasingly competitive market.

The global System On Chip (SoC) Market Some of the major companies include: -

  • Intel Corporation Qualcomm Incorporated USA
  • Samsung Electronics Ltd Japan
  • NXP Semiconductors N.V. Japan
  • Toshiba Corporation Japan
  • Broadcom Limited USA
  • STMicroelectronics N.V. USA
  • Apple Inc, the USA
  • MediaTek Inc, the USA

System On Chip (SoC) Industry Developments

  • In May 2022: Sondrel and Arteris IP, a top supplier of system intellectual property (I.P. ), including network-on-chip (NoC) connections and I.P. deployment software that speeds up System on Chip (SoC) production, announced that Sondrel has used FlexNoC interconnect I.P. in its next advanced driver-assistance systems (ADAS) design.
  • March 2022: Apple introduced the M1 Ultra System on Chip (SoC) in March 2022, which has twice as many processing and graphics cores as the 2021 M1 Max.
  • March 2022: Realtek's newest System on Chip (SoC), the RTD2885N, was combined with Imagination Technologies' IMG B-Series BXE-4-32 GPU, and is now being shipped to major digital television (DTV) companies around the world. In 2021, Realtek had already licensed the I.P.


By Type

  • Digital Signal
  • Analog Signal
  • Mixed Signal

By Application

  • Consumer Electronics
  • Healthcare
  • Telecommunication
  • Automotive

Global System On Chip (SoC) Market, Regional Outlook

  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Norway
    • Netherlands
    • Sweden
    • United Kingdom
    • France
    • Germany
    • Others
  • North America
    • United States
    • Canada
  • Middle East and Africa
    • Turkey
    • Saudi Arabia
    • Iran
    • United Arab Emirates
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Colombia
    • Others

Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.

Frequently Asked Questions

The System On Chip (SoC) market is expected to exhibit a CAGR of 10.30% by 2031.
The global System On Chip (SoC) market is expected to reach USD 228.54 billion by 2031.
System On Chip (SoC) market forecast period is 2023 - 2031
By Type (Digital Signal, Analog Signal, Mixed Signal), By Application (Consumer Electronics, Healthcare, Telecommunication, Automotive and Others) are some of the segmentations of the System On Chip (SoC) market.
The dominating companies in the System On Chip (SoC) market are Intel Corporation Qualcomm Incorporated USA, Samsung Electronics Ltd Japan, NXP Semiconductors N.V. Japan, Toshiba Corporation Japan, Broadcom Limited USA, STMicroelectronics N.V. USA, Apple Inc, the USA, MediaTek Inc, the USA

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