Mobile SoC Market By Product (Digital, Mixed, Analog), Application (Telecommunication, Computer, Consumer Electronics), & Region for 2024-2031

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Mobile SoC Market Valuation – 2024-2031

The increasing global demand for smartphones and mobile devices is driving the mobile system-on-chip (SoC) market. As people rely more on smartphones for communication, entertainment, work, and even healthcare, there is an increasing demand for more powerful, energy-efficient, and feature-rich SoCs. Furthermore, the development of Internet of Things (IoT) devices, wearable technologies, and smart home appliances helps to drive the growth of the Mobile SoC market, as these devices demand effective processing solutions to enable connectivity and functioning are fueling market expansion to surpass a revenue of USD 122348.93 Million in 2023 and reach USD 244863.54 Million by 2031.

The future looks bright for Mobile SoCs! Thanks to cool new tech like widespread 5G, augmented reality (AR), and AI, we're expecting some serious growth in the market. These advancements mean we'll see even more awesome mobile apps and services, think super immersive AR experiences, AI virtual assistants that really get you, and data crunching that happens instantly. As we all crave faster, richer, and smarter mobile experiences, the need for powerful Mobile SoCs to make it all happen is going to explode, leading to some major growth. Get ready, because things are projected to grow at a CAGR of about 9.06% from 2024 to 2031.

Mobile SoC MarketDefinition/ Overview

Think of a Mobile System-on-Chip (SoC) as the brain of your phone, tablet, or smartwatch. It's a tiny, all-in-one chip that packs in everything needed to make these devices tick – like the CPU, GPU, memory, and even the modem. Mobile SoCs are built to be super efficient with power and take up as little space as possible, so your device runs smoothly without draining the battery. They're the real workhorses, making everything from watching videos and playing games to browsing the web and calling your friends possible. Plus, they power cool features like facial recognition, AR, and AI, making your experience better and opening up new possibilities for apps. They also keep you connected with fast internet, location services, and your smart home devices. Looking ahead, expect Mobile SoCs to get even smarter and more powerful, packing in things like advanced AI accelerators and AR/VR hardware. And as manufacturing gets better (think smaller nanometer nodes), they'll be even faster and use less energy, leading to even more amazing ways to connect and experience the world.

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Will Increasing Demand for Smartphones for Communication and Entertainment Drive the Mobile SoC Market?

The growing demand for smartphones for communication and entertainment is propelling the mobile system-on-Chip (SoC) market. Smartphones have become indispensable in modern communication, acting as key devices for voice calls, text messaging, email, social media activities, and video conferencing. As communication needs vary and expand, there is an increasing desire for smartphones with efficient and dependable processing capabilities that can manage many communication channels effortlessly. Mobile SoCs play an important part in satisfying these expectations by powering smartphones’ processing and networking capabilities, enabling smooth and uninterrupted communication experiences for consumers.

Smartphones are versatile entertainment hubs that provide access to a wide range of multimedia content, including videos, music, games, and streaming services. With the rise of high-definition video streaming, immersive gaming experiences, and multimedia-rich applications, users are looking for smartphones with powerful processing capabilities, excellent graphics rendering, and high-resolution displays to improve their entertainment experiences. Mobile SoCs with optimized GPU performance, multimedia codecs, and display technologies offer seamless playing of multimedia material and immersive gaming experiences, meeting the growing demand for entertainment-focused smartphones.

The market's a real pressure cooker thanks to industry competition and Innovation. See, everyone's fighting for a slice of the pie, pushing mobile SoC tech forward constantly. To snag your attention and keep you loyal, OEMs are always cranking out new phones with better performance, cooler features, and batteries that just keep going. So, mobile SoC companies are pouring money into R&D to whip up amazing new chipsets. Think super-fast processing, longer battery life, and support for all the hot new stuff like 5G, AI, and augmented reality. This constant cycle of improvement means we always want the newest smartphones with the latest and greatest Mobile SoCs, which in turn keeps the whole market buzzing.

Mobile tech is moving fast! Things like widespread 5G, augmented reality (AR), and artificial intelligence (AI) are really pushing the mobile System-on-Chip (SoC) market forward. These improvements don't just make our phones and devices cooler and more useful, but they also mean we need more powerful mobile SoCs that can handle all the new stuff. Think about it5G gives us super-fast speeds and less lag, AR creates immersive worlds, and AI makes apps smarter. So, naturally, we need mobile SoCs that can keep up – giving us better performance, saving energy, and staying connected. Everyone, from regular folks to big companies, wants these advancements. That's why mobile tech is constantly pushing the boundaries and fueling growth in the mobile SoC world!

Will Increasing Maintainence Cost Hinder the Growth of the Mobile SoC Market?

The rising complexity of SoCs becomes more complicated to satisfy the demands of emerging technologies and applications, and the cost of maintaining and updating these intricate architectures rises. Semiconductor makers devote enormous efforts to research, development, and testing to guarantee that SoCs function well, are energy efficient, and integrate several features. With each new generation of SoCs, the complexity of design verification, debugging, and software validation increases, adding to greater maintenance expenses.

Furthermore, technological obsolescence to remain competitive, SoC designs must be updated and revised regularly due to the semiconductor industry’s high rate of technological innovation. However, maintaining compatibility with existing software, hardware platforms, and industry standards while introducing new features and functionalities complicates and increases the cost of the development process. Furthermore, the possibility of technical obsolescence complicates long-term maintenance expenses, as older SoC designs may necessitate continuous support and updates even when newer versions are released.

The mobile SoC market is based on a complex worldwide supply chain that includes semiconductor production facilities, design houses, equipment suppliers, and component makers. Supply chain disruptions, such as material shortages, production delays, or geopolitical conflicts, can increase maintenance costs by affecting production schedules and increasing component pricing, necessitating different sourcing tactics.

The mobile SoC world is a tough place. Cutthroat competition and rising costs can really slow things down. If you're a smaller player with shallow pockets, it's a constant struggle to innovate and save money at the same time, while just trying to stay in the game. All that R&D and upkeep needed to keep up with the big guys can really eat into your profits. Sure, you can try things like outsourcing, collaborating, or standardizing things to save money, but you've got to do it right if you want it to actually work. Mess it up, and smaller companies risk getting pushed aside or even wiped out, which isn't good for competition or innovation in the Mobile SoC industry as a whole.

Category-Wise Acumens

Will Rising Demand for Digital Variants Boost the Mobile SoC Market?

The growing demand for digital systems-on-chips (SoCs) is being driven by an industry-wide shift toward digitization. As industries like as healthcare, education, finance, manufacturing, and transportation embrace digital transformation, there is an increasing demand for SoCs that are suited to the needs of digital applications. SoCs serve as the foundation for digital devices, systems, and infrastructure, enabling connectivity, data processing, and communication in digital environments. This spike in demand for digital SoCs is driving growth in the mobile SoC market, as companies use modern technologies to improve efficiency, productivity, and innovation in their operations.

The expansion of IoT and smart devices is increasing demand for SoCs designed specifically for digital applications. These digital SoC variations are intended to meet the connection, sensor integration, and data processing needs of IoT devices ranging from smart home appliances and wearables to industrial sensors and self-driving cars. As IoT usage spreads across industries, the requirement for specialized SoCs capable of delivering dependable performance in digital ecosystems increases significantly.

The development of cloud computing and edge computing drives up demand for digital SoCs. These computing paradigms use SoCs to perform data processing, storage, and analytics functions in both centralized cloud data centers and distributed edge nodes. Digital SoCs targeted for cloud computing provide high-performance computing capabilities, but those optimized for edge computing focus on low-power consumption, real-time processing, and edge AI functionality. The growing use of cloud services and edge computing solutions raises the demand for SoCs that can efficiently serve digital workloads in a variety of computing settings.

Okay, so security and privacy are a big deal now that everything's digital, and that's really pushing the mobile system-on-chip (SoC) industry forward. We're using digital tech everywhere – at work and at home – so keeping our sensitive info safe and making sure online stuff is legit is super important. Luckily, the digital versions of SoCs are stepping up! They're packing in advanced security features like hardware-based encryption, a safe boot process, and trusted execution environments. This "be prepared" approach to cybersecurity doesn't just help us dodge ever-changing attacks; it also helps us meet stricter rules. Basically, everyone wants SoCs with top-notch security features, and that demand is only going up. Both businesses and regular folks want to protect their digital stuff and keep their privacy in this connected world, which means growth, growth, growth!

Will Increasing Usage of Low Cost of High-End Smartphones Accelerate the Mobile SoC Market?

The increased usage and affordability of high-end smartphones can propel the Mobile system-on-chip (SoC) market. As high-end smartphone features become more affordable, the entire smartphone market grows. This increase results in a larger customer base looking for devices with advanced capabilities such as powerful CPUs, improved graphics, and efficient power management, all of which are powered by SoCs. The rising use of smartphones, particularly in emerging nations where cost is a major consideration, drives demand for SoCs that give great performance at cheap rates.

Furthermore, Lowering the cost of high-end cell phones encourages buyers to upgrade more frequently. As customers strive to access the latest features and technology, they tend to replace their existing gadgets with Newer models are pushing demand for SoCs with increased performance, energy efficiency, and support for innovative features. This continual cycle of smartphone upgrades leads to long-term demand for SoCs and promotes market innovation.

The Mobile SoC industry is really taking off, and it's all thanks to some key factors. Think about itwe're packing more and more cool stuff into smartphone chips (SoCs) to make those lower-cost high-end phones work great. Plus, more people are using these phones in growing areas of Asia, Africa, and Latin America. So, companies that make semiconductors are stepping up! They're building SoCs with everything you could wantAI smarts, amazing cameras, killer gaming, and super-fast 5G. Putting it all together like this saves money, makes phones less complicated, and gives users a much better experience. That makes smartphones way more accessible for people who want all the features but don't want to break the bank. So, the rising popularity of these phones in these regions means big opportunities for SoC makers, and it’s really helping the Mobile SoC market grow worldwide!

In the mobile SoC market, consumer electronics is the second-fastest-growing segment. This is being driven by rising demand for SoCs in a variety of consumer electronic gadgets, including smart TVs, wearables, smart home appliances, and vehicle infotainment systems. The proliferation of IoT devices, as well as the incorporation of advanced features such as AI, augmented reality, and high-definition screens into consumer electronics, all contribute to the segment’s rapid expansion. As customers want more linked and feature-rich gadgets, the demand for SoCs designed specifically for consumer electronics applications grows, making it a key growth driver in the Mobile SoC market.

Gain Access to Mobile SoC Market Report Methodology

Country/Region-wise

Will the Growing Robust Ecosystem of Semiconductor Companies and Research Institutes in North America Accelerate the Mobile SoC Market?

The growing ecosystem of semiconductor businesses and research institutes in North America is expected to dramatically drive the Mobile System on Chip (SoC) industry. Innovation hub in North America is a global innovation hub for semiconductor technology. With a concentration of renowned semiconductor businesses such as Intel, Qualcomm, and NVIDIA, as well as several startups and research institutes, the region supports an innovative and entrepreneurial environment. This ecosystem promotes collaboration and knowledge exchange, resulting in advancements in SoC design, architecture, and manufacturing processes.

Additionally, with world-renowned research institutions, universities, and laboratories in North America, semiconductor companies have access to cutting-edge research and development skills. These institutions conduct cutting-edge research in materials science, nanotechnology, and computer engineering, all of which have a direct impact on SoC technology breakthroughs. Collaboration between academia and industry accelerates innovation and enables the creation of next-generation SoCs with superior performance, energy efficiency, and functionality.

Increasing emerging technologies in North America are at the forefront of emerging technology development and acceptance, including artificial intelligence (AI), machine learning (ML), augmented reality (AR), and self-driving cars. These technologies place increasing demands on SoCs, necessitating increased processing power, specialized accelerators, and effective power management. The robust ecosystem in North America supports the rapid integration of these technologies into SoC designs, allowing for the development of creative products that match the changing needs of consumers and enterprises.

North America is one of the largest and most influential markets for mobile devices, IoT solutions, and semiconductors. The region’s robust consumer demand, combined with a burgeoning technological industry, encourages the adoption of new SoC-enabled gadgets and applications. Semiconductor businesses in North America are well-positioned Capitalize on this market opportunity by leveraging their experience and resources to create SoCs that fulfill the strict performance, power, and cost criteria of OEMs and end users.

Furthermore, North America’s concentration on developing technologies such as artificial intelligence, augmented reality, and self-driving cars boosts demand for advanced Systems on Chips (SoCs). These advanced applications necessitate high-performance SoCs capable of executing complicated computations, interpreting sensor data, and making real-time decisions. As North American companies lead the development and adoption of these transformative technologies, the demand for specialized SoCs tailored to support AI inference, immersive AR experiences, and autonomous driving functionalities continues to rise, propelling the SoC market and fueling innovation in the region’s semiconductor industry.

Will Rising Adoption of 5G Network Infrastructure in Asia Pacific Boost the Mobile SoC Market?

The increasing use of 5G network infrastructure in Asia Pacific is likely to have a substantial impact on the Mobile System on Chip (SoC) industry. Increased demand for 5G-capable devicesAs 5G networks proliferate throughout Asia Pacific, there will be an increase in demand for 5G-enabled products such as smartphones, tablets, wearables, and IoT devices. These devices require upgraded SoCs that can handle the high-speed, low-latency communication provided by 5G networks.

The integration of 5G modems directly into System on Chips (SoCs) by semiconductor manufacturers is a major market driver. This integration not only matches the demand for 5G-enabled devices, but it also saves power, improves performance, and maximizes space within the device. These advantages make integrated SoCs more appealing for OEMs to incorporate into their products, propelling the market forward by providing efficient and compact solutions adapted to the demands of 5G connection.

Hey, guess what's really taking off in Asia Pacific? It's the system-on-chips (SoC) market, and edge computing is a big reason why! With 5G networks offering super-fast, low-latency connections, edge computing is becoming more and more popular. Think about itprocessing data closer to where it's collected means we need beefy SoCs right there in those edge devices. As industries across the region embrace edge computing, they're looking for SoCs that can handle the workload without breaking a sweat. All this demand for specialized chips designed specifically for edge applications? That's what's driving the market forward, as everyone wants to tap into the improved performance, responsiveness, and scalability that 5G-powered edge computing solutions offer. Learn more about edge computing here.

Hey, so with 5G really taking off in Asia Pacific, get ready for a showdown! Semiconductor companies are going to be battling it out to create the best and cheapest SoCs for all those cool new 5G devices. Think faster chips, longer battery life, and more amazing features! This competition is great news because it'll push everyone to innovate like crazy. As companies try to one-up each other, we'll see a ton of awesome new SoC options hitting the market, all tailored to the Asia Pacific's booming 5G world.

For instance, in April 2022, Samsung has announced the Exynos 1280 SoC, a 5G mobile CPU that powers some of the company’s most recent mid-range smartphones, such as the Galaxy A53 5G and Galaxy M33 5G.

The growing smartphone adoption and IoT deployments in the Asia Pacific are fueling the Mobile SoCs market. With a large and increasingly connected population turning to smartphones and IoT devices for communication, entertainment, and work, there is a growing demand for high-performance SoCs capable of running these devices effectively. This increase in demand not only drives the manufacturing of smartphones and IoT devices, but it also encourages semiconductor makers to build cutting-edge SoC solutions customized to the different needs of consumers and businesses in the Asia Pacific region.

Competitive Landscape

The mobile system-on-chip (SoC) market is a real dogfight! You've got semiconductor giants, scrappy start-ups, and brainy research institutions all battling it out to find their spot. They're constantly pushing the limits with new SoC architectures, smarter design, and better ways to build these chips. Plus, things like evolving industry standards, crazy-fast technological advancements, and what people actually want in their phones keep shaking things up. To stand out from the crowd, companies are hyper-focused on making their SoCs faster, more energy efficient, and packed with cool features. They're even integrating things like AI and machine learning. All this competition means mobile SoC tech just keeps getting better and better, trying to keep up with what we demand from our phones and the exploding world of IoT.

Some of the prominent players operating in the mobile SoC Market include

Qualcomm Technologies, Apple, Samsung, MediaTek, Intel, Huawei Technologies, Xiaomi, Spreadtrum Communications.

Latest Developments

  • In April 2023, Intel announced a major cooperation that would enable chip makers to build low-power SoCs using its 18A technology. The partnership will initially focus on designing mobile chipsets with Arm-based CPU cores before expanding to automotive, IoT, data center, aerospace, and government applications. The announcement is part of Intel’s IDM 2.0 plan, which involves significant investments in manufacturing capacity around the world, including expansions in the United States and the European Union. Such a step would balance the supply chain and alleviate the bottleneck caused by the high demand from a few chip manufacturers.
  • In February 2023, OnePlus and Qualcomm partnered on the Snapdragon Spaces extended reality feature in the OnePlus 11 5G. Snapdragon Spaces is Qualcomm’s open mixed-reality (XR) platform for creating AR software based on the company’s mobile hardware technology. Developers can use this technology to create an accessible XR environment, paving the way for the next generation of immersive experiences. The OnePlus 11 5G flagship is the first smartphone powered by the Snapdragon 8 Gen 2 SoC to support Snapdragon Spaces.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2018-2031

Growth Rate

CAGR of 9.06% from 2024 to 2031

Base Year for Valuation

2023

Historical Period

2018-2022

Forecast Period

2024-2031

Quantitative Units

Value in USD Million

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitiv

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