System-on-Chip (SoC) Industry Set to Grow at 8.3% CAGR by 2029 with Rising Adoption in Connected and Smart Devices
The System-on-Chip (SoC) industry is projected to grow from USD 138.46 billion in 2024 and is estimated to reach USD 205.97 billion by 2029; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 8.3% from 2024 to 2029. The growth of the System-on-Chip (SoC) industry is driven with the increasing trend of SoC in automotive industry along with the adoption of IoT and connected...
What Are the Major Trends Shaping the SoC Market?
The System-on-Chip (SoC) market is undergoing rapid transformation, driven by the escalating demand for compact, high-performance, and energy-efficient solutions across industries. SoCs have become the core enablers of modern electronics, integrating computing, memory, graphics, connectivity, and specialized accelerators onto a single chip. As consumer electronics, automotive systems, industrial automation,...