System On Chip Market Summary

The global system on chip (SoC) market size was estimated at USD 169.54 billion in 2023 and is projected to reach USD 295.49 billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030. The increasing proliferation of mobile devices has emerged as a major factor driving market growth, as smartphones, tablets, and wearable devices require compact, high-performance chips capable of handling multiple functionalities such as processing, graphics, and connectivity within a single integrated framework. The growing demand for enhanced computing performance, miniaturization, and energy efficiency in electronics continues to push manufacturers toward advanced SoC development.

This rising demand for smaller, faster, and more energy-efficient components is compelling semiconductor companies to invest heavily in research and development. As a result, significant innovations in SoC technology are being realized, further fueling market expansion. Advances in semiconductor manufacturing, including the transition to smaller process nodes and improved design architectures, have enhanced chip efficiency and performance. Furthermore, the shift toward multi-core processors and the integration of artificial intelligence (AI) and machine learning (ML) capabilities within SoCs are transforming their capabilities, allowing them to deliver greater computational power, intelligent processing, and adaptability across diverse applications.

Technological evolution has positioned SoCs as critical components in modern electronics, serving as the backbone of smartphones, gaming consoles, autonomous vehicles, industrial automation systems, and IoT devices. Their ability to combine digital, analog, mixed-signal, and radio-frequency functions within a single chip enhances efficiency while reducing power consumption and system cost. The growing adoption of AI-driven and 5G-enabled devices has also amplified the demand for advanced SoCs that can support high-speed connectivity and data processing, ensuring seamless operation in complex, real-time environments.

Key Market Trends & Insights

• The system on chip (SoC) market in North America accounted for the largest global revenue share of nearly 22% in 2023. This dominance is attributed to the presence of leading semiconductor manufacturers, advanced R&D infrastructure, and early adoption of cutting-edge technologies across various industries. The increasing demand for connected devices, electric vehicles, and AI-enabled applications continues to stimulate market growth in the region.
• The SoC market in the U.S. is projected to grow at a CAGR of over 8% from 2024 to 2030. This growth is driven by the country’s strong technological base, widespread use of consumer electronics, and expanding focus on autonomous systems, smart devices, and data centers. The U.S. semiconductor industry’s emphasis on innovation and miniaturization continues to strengthen its position in the global market.
• The SoC market in the Asia Pacific region accounted for the highest revenue share in 2023. The region’s growth is primarily driven by the large-scale presence of semiconductor fabrication plants, high electronics manufacturing output, and strong demand for consumer electronics in countries such as China, Japan, South Korea, and Taiwan. Government support for digital transformation and increasing investment in 5G infrastructure are also contributing significantly to the region’s leadership in the global SoC market.
• Based on application, the portable electronic device segment held the largest share of over 23.0% in 2023. The growing demand for smartphones, tablets, wearables, and portable gaming devices has led to increased SoC integration, as these chips enable high-speed data processing, efficient power consumption, and advanced multimedia capabilities.
• In terms of type, the mixed segment is expected to witness the fastest CAGR from 2024 to 2030. This growth is attributed to the rising demand for chips capable of handling both analog and digital signals simultaneously, supporting multifunctional device designs and improved system performance across automotive, communication, and industrial automation sectors.

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Market Size & Forecast

• 2023 Market Size: USD 169.54 Billion
• 2030 Projected Market Size: USD 295.49 Billion
• CAGR (2024-2030): 8.5%
• North America: Largest market in 2023

Key Companies & Market Share Insights

Some of the key players operating in the SoC market include Intel Corporation, Samsung Electronics Co. Ltd, and Toshiba Corporation.

• Intel Corporation is one of the leading firms in the semiconductor industry, renowned for its innovations in microprocessors and system-on-chips. Intel leverages its advanced manufacturing processes and integrated circuit design expertise to produce high-performance SoCs for a variety of applications, including data centers, IoT devices, and consumer electronics. Intel's SoCs are designed to handle large volumes of data efficiently, catering to the ever-increasing demand for faster processing and real-time analytics. The company's commitment to innovation and its focus on data-driven architectures enable it to maintain a competitive edge in a rapidly evolving market.
• Samsung Electronics Co. Ltd is engaged in the development of advanced electronics and semiconductor solutions. The company focuses on the production of advanced SoCs that power a wide range of consumer electronics, from smartphones to home appliances. With its state-of-the-art fabrication facilities and a strong emphasis on innovation, the company continues to introduce innovative solutions related to data management and processing within the SoC domain.

Novatek Microelectronics and Huawei Technologies Co., Ltd, among others, are some of the emerging participants in the market.

• Novatek Microelectronics provides a diverse range of applications, including smartphones, tablets, and TVs. The company’s SoCs are designed with a focus on data processing efficiency, enabling enhanced image processing and data transmission capabilities.
• Huawei Technologies Co., Ltd. offers a comprehensive range of products and solutions in telecommunications and consumer electronics. It develops high-performance SoCs that power its smartphones, networking equipment, and other smart devices. The company is also focused on integrating artificial intelligence and machine learning capabilities into its SoCs to offer enhanced solutions.

Key Players

• Broadcom Inc.
• Intel Corporation
• Intel Corporation
• Microchip Technology Inc.
• NXP Semiconductors NV
• Qualcomm Incorporated
• Samsung Electronics Co. Ltd
• STMicroelectronics NV
• Toshiba Corporation
• Taiwan Semiconductor Manufacturing Company Limited (TSMC)

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Conclusion

The global system on chip market is expected to witness strong growth driven by technological advancements, increasing demand for compact and energy-efficient devices, and rapid adoption of AI and 5G technologies. As industries continue to digitize, SoCs are becoming essential in enabling intelligent, high-speed, and connected devices across sectors such as consumer electronics, automotive, and industrial automation. With Asia Pacific leading manufacturing and North America advancing innovation, the global SoC landscape is set for dynamic expansion. Continuous R&D efforts, coupled with evolving semiconductor technologies, will ensure the market’s sustained growth and pivotal role in the future of integrated electronics.