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Wireless SoC Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
Wireless SoC MarketDue to the COVID-19 pandemic, the global Wireless SoC market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period.
System-on-chip (SoC) construction of electronic circuits has advantages like increasing compatibility and efficiency while reducing space requirements and speed of development. This factor is expected to drive the growth of the Wireless SoC Market.
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Trends Influencing the Growth of the Global Wireless SoC Market
The global Wireless SoC market is anticipated to increase over the course of the forecast period due to rising demand for SoCs for smartphones. To function, every smartphone device needs a system on a chip. Due to the low cost of high-end smartphone technologies, the worldwide smartphone market is expanding exponentially. The demand for smartphones is also being driven by expanding smartphone dependence among customers and rising disposable income among individuals.
In the past few years, wireless SoCs (Systems on Chips) have significantly increased their level of integration. SoCs introduce a new level of design complexity. As a result, SystemC is becoming a standard language for digital system architecture as well as continuous and mixed discrete event/continuous time systems. Supporting application-specific optimization in a very flexible manner is a significant design problem. Compactness, low power consumption, and adaptability to a wide range of application requirements are typical design objectives. This will further drive the Wireless SoC market.
Market participants in the worldwide Wireless SoC market may anticipate benefiting from lucrative growth prospects brought on by increasing demand for artificial intelligence chip technology. Consumer electronics including high-end smartphones, smart speakers, tablets, wearables, and others heavily utilize edge AI chips. These are also employed in a variety of enterprise markets, including those for robotics, photography, internet of things (IoT) devices, and other items. Both of these sectors are significant, but the consumer market for edge AI processors is far larger than the enterprise market and is anticipated to develop more slowly. Over the projected period, prominent players are anticipated to benefit greatly from the rising demand for the AI edge chip market for consumer and business devices.
Wireless SoC Market Share
During the projected period, it is anticipated that the wireless SoC market in the Asia Pacific would rise rapidly. Due to the rising popularity of smartphones and other electronic devices on the market, as well as the increased demand for cutting-edge and innovative technology in electronic devices, this expansion is attributed to the use of wireless SoC in various applications in diverse industries, including the electronics industry. As a result, it is anticipated that these factors will boost demand for wireless goods.
By Type
• 15.4
• WiFi
• Bluetooth
By Application
• Audio
• Non-Audio
By Company
• Cypress Semiconductor
• Dialog Semiconductor
• Espressif Systems
• Microchip Technology
• Nordic Semiconductor
• NXP Semiconductors
• ON Semiconductor
• Qorvo
• Qualcomm
• Realtek
• Silicon Labs
• STMicroelectronics
• Toshiba
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