System-on-Chip (SoC) Market

The global System-on-Chip (SoC) market is expected to be valued at USD 138.46 billion in 2024 and is projected to reach USD 205.97 billion by 2029 growing at a CAGR of 8.3% from 2024 to 2029. The SoC market growth is driven by surging adoption of loT and connected devices. These devices depend upon SoCs for the edge computing. Additionally, the move towards autonomous driving has made it necessary for cars to process vast amounts of sensor data in real time. SoCs are suited for real- time processing due to their high performance and scalability for autonomous vehicles. Qualcomm Technologies, Inc. (US), MediaTek Inc. (Taiwan), Samsung (South Korea), Apple Inc. (US), Broadcom (US) are the major players in the System-on-Chip (SoC) market. Market participants have become more varied with their offerings, expanding their global reach through strategic growth approaches like launching new products, collaborations, establishing alliances, and forging partnerships.

For instance, in March 2024, Qualcomm Technologies, Inc. (US) launched Snapdragon 8s Gen 3 Mobile Platform for extraordinary, premium smartphone experiences. It supports hyper-realistic mobile gaming, generative AI features, breakthrough connectivity always-sensing ISP, and lossless high-definition sound. This platform will be adopted by leading OEMs for upcoming smartphone launches.

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Major System-on-Chip (SoC) companies include:

• Qualcomm Technologies, Inc. (US)
• MediaTek Inc. (Taiwan)
• Samsung (South Korea), Apple Inc. (US)
• Broadcom (US)
• Intel Corporation (US)
• Advanced Micro Devices, Inc. (US)
• NVIDIA Corporation (US)
• HiSilicon (China)
• Microchip Technology Inc. (US)
• among others.

In September 2023, MediaTek Inc. (Taiwan) developed its first chip using Taiwan Semiconductor Manufacturing Company Limited’s 3nm chip in their flagship Dimensity SoC portfolio. The 3nm process technology enhances performance in smartphones and supports high performance computing, connectivity, AI, multimedia and mobile applications.

Qualcomm Technologies, Inc.:

Qualcomm Technologies, Inc. (US) is a leading developer and innovator in the semiconductor industry.  The company develops products for wireless connectivity, and high performance and low power computing along with on-device artificial intelligence (AI). Qualcomm Technologies, Inc. (US) operates through three business segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI). QCT segment supplies integrated circuits and system software for networking, computing, data communication, wireless voice, multimedia and position location products. The QTL segment grants licenses to use portions of Qualcomm's intellectual property portfolio, which includes patent rights related to 3G, 4G, and 5G technologies. The QSI segment makes strategic investments primarily through the Qualcomm Ventures arm.
The company offers system-on-chip products through Qualcomm CDMA Technologies (QCT) segment. They develop and design SoCs for various applications including smartphones, tablets, automotive, wearables, and IoT devices. The Snapdragon SoC, supporting components, and system software combined together enables manufacturers to design slim, powerful, and power-efficient devices. The product portfolio of Qualcomm Technologies, Inc. (US) includes Snapdragon series for consumer electronics, SoC with multi-core processors for WiFi, IoT, bluetooth audio, and wearables. Qualcomm Technologies, Inc. (US) has its manufacturing facilities located in Germany, Singapore and China, and research and development centers in US, India, and China. The company has its offices in 150 locations across 36 countries. Qualcomm Technologies, Inc. (US) holds approximately 263,708 granted and pending patents as of 19 April, 2024.

MediaTek Inc.:

MediaTek Inc. (Taiwan) is a leading fabless semiconductor company that specializes in the development of chips. It leverages the industry-leading technologies in Al, multimedia, computing, and broadband networking. The company develops chips with high-speed connectivity, high performance, low, power consumption, and low latency. MediaTek Inc. (Taiwan) offers products for smart IoT, Bluetooth audio, ASICS, broadband networking, smart mobile devices, and smart home applications. MediaTek's SoCs cover multiple business lines, which are mainly in mobile devices (smartphones and Chromebooks), home entertainment (smart TVs), connectivity solutions-Wi-Fi, Bluetooth, and Internet of Things (IoT) devices.  MediaTek Inc. operates in one segment: multimedia and mobile phone chips and other integrated circuit design products. The company majorly obtains its revenue from this segment. The company offers SoCs under multimedia and mobile phone chips and other integrated circuit design products business segment. The product portfolio of MediaTek includes MediaTek Dimensity, Kompanio, Genio, Pentonic, and Filogic series for SoCs.

Related Reports:

System-on-Chip (SoC) Market by Core Count (Single-core, Dual-core, Quad-core, Hexa-core, Octa-core), Core Architecture (ARM, X86, RISC-V), Device (Smartphone, Tablet, Laptop, Smart TV & STB, Infotainment System, Router, Gateway) - Global Forecast to 2029

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