System-On-Chip Market - Top by End Use Industry as Automotive, Aerospace and Defense, Telecommunication, Consumer electronics

System-on-chip is an important part of consumer electronics industry. It serves a dynamic range of applications in multiple end-use industries around the globe. The system-on-chip market is witnessing significant technological advancements across the industry and has witnessed significant growth during the last two decades due to the growing consumer electronics industry.

The system-on-chip market is expected to grow significantly with focus on augmenting the rapidly growing applications ranging from smartphones to networking devices. The market for system-on-chip is forecast to quickly grow to US$ 206.79 Bn by 2026 at a CAGR of 11.0% during the forecast period.

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Within application devices, smartphones and PC/laptops have been in the forefront, with networking devices and gaming consoles gaining momentum of late. A close study of recent product launches and developments of key industry participants active in the system-on-chip market reveals that industries such as consumer electronics, telecommunication, and healthcare would continue to dominate the market throughout the forecast period.

Applications such as gaming consoles and digital cameras are expected to witness demand for the adoption of system-on-chip during the coming years, helping the system-on-chip market to take significant strides toward growth in the second half of the forecast period.

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Factors such as rise in demand from smart devices, lowered cost per function of ICs, and the increasing demand for multicore technologies is seen as crucial aspects influencing the market growth trends. The system-on-chip market however faces challenges such as overlapping functionalities and the technological advancement in the form of new embedded software that has negatively affected further large scale proliferation of technology.

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