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Smartphone System on Chip (SoC) Market

Global Market Study on Smartphone System on Chip (SoC): Millennials’ Thirst for Mobile Gaming to Create New Growth Opportunities!

Smartphone System on Chip (SoC) Market by Core Type (Dual Core, Quad Core, Octa Core), The USA Smartphone System on Chip (SoC) Market is anticipated to grow at a CAGR of 16.7% through 2033.

Smartphone System on Chip (SoC) Market Outlook (2023 to 2033)

The global smartphone system on chip (SoC) market is predicted to expand rapidly at a CAGR of 18.0% between 2023 and 2033. The market is expected to reach US$ 2.8 billion in 2033 from a valuation of US$ 542.0 million to be registered in 2023.

A primary driver of growth in the smartphone system on chip (SoC) sector is rising demand for mobile phones across the globe. Expansion of the industry has also been aided by improvements in mobile phone technology that have helped to sustain demand for smartphones.

Smartphone system on chip (SoC) can be integrated with a wide range of other mobile phone parts, including the graphics processor, Wi-Fi module, and more. All of these benefits would help the market to accelerate in the next ten years.

One of the most popular end uses for mobile devices is mobile gaming. It has increased demand for innovative technologies in smartphone system on chip (SoC) circuits that would enable lag-free, intact gameplay. However, surging competition from counterfeit goods is one of the main restraints in the market.

Globally, demand for smartphones has soared in recent years. Rapid innovation in the mobile phone industry has been blamed on the advancement of technologies. A diverse variety of features, including fingerprint sensors, fast charging, better battery life, and enhanced camera quality are made possible through innovations in mobile phones.

Millennials are set to look for advanced smartphones equipped with unique features. Several youngsters today consider getting the latest smartphone to be a fashion statement. Producers nowadays have access to enough knowledge to continually innovate and win over their target market. As a result, expansion of the smartphone system on chip (SoC) industry has been enabled by increasing demand for high-end smartphones.

Numerous industries are embracing automation and digitization as a result of ongoing advancements in technology. As smartphone system on chip (SoC) for different products are becoming increasingly customized, key players must concentrate on numerous research and development initiatives at once. It can thereby raise the expense of their projects. Over the course of the projection period, these factors are anticipated to limit growth.

Smartphone System on Chip (SoC) Market Size (2022A)

US$ 447.4 million

Estimated Market Size (2023E)

US$ 542.0 million

Projected Market Value (2033F)

US$ 2.8 billion

Value-based CAGR (2023 to 2033)

18.0%

USA Value-based CAGR (2023 to 2033)

16.7%

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2018 to 2022 Smartphone System on Chip (SoC) Sales Outlook Compared to Demand Forecast from 2023 to 2033

As per a recently published report by Persistence Market Research (PMR), the market for smartphone system on chip (SoC) exhibited a CAGR of 21.1% in the historical period (2018 to 2022). The market is anticipated to witness growth at a CAGR of 18.0% in the estimated time frame.

Migration to system on chip (SoC)-based radio technology signifies the next level of commercial 5G solutions since the industry has converged around the 5G new radio (NR) standard. Commercial solutions can create permanent, application-specific circuits that use less power as opposed to programming or reconfiguring circuitry. Hence, it is anticipated that system on chip (SoC)-based radio equipment will make it possible for 5G solutions to be small, easy to install, and highly power-efficient.

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What are the Key Trends in the Market for Smartphone System on Chip (SoC)?

Increasing Adoption of Smartphones for Browsing the Internet

Smartphones system on chip (SoC) is often termed as the ‘brain’ of the smartphone. It contains modems, operating systems, and other electronics components integrated into a single chip. Increasing use of smartphones for gaming, internet browsing, video calling, and listening to music would drive demand. Millennials are expected to use numerous social media platforms, as well as group communication software solutions such as Team and Zoom Meetings, which would push sales.

Need for High Quality Graphics Cards for Playing Premium Games

Ongoing expansion of the gaming industry across the globe owing to surging demand for high-end games is likely to push sales in the market. It has further bolstered demand for new smartphones equipped with high quality graphics cards and super performance processors.

Renowned companies such as Qualcomm and Mediatek are producing high processing speed systems on chips so that smartphones can work smoothly while any kind of games are played on them. With similar applications in gaming industry, Qualcomm’s share in system on chip market has increased from 29% in Q2 of 2022 to 31% in Q3 in 2022. Owing to the above-mentioned factors, smartphone system on chip (SoC) demand is likely to skyrocket worldwide.

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Country-wise Insights

Why is the USA Showcasing Exponential Demand for Smartphone System on Chip (SoC)?

The USA smartphone system on chip (SoC) market is expected to be worth US$ 910.0 million by 2033. It is anticipated to create an absolute dollar opportunity of US$ 715.7 million during the assessment period. According to Persistence Market Research, the country is likely to exhibit a CAGR of 16.7% from 2023 to 2033.

Over the course of the forecast period, expansion of the USA market is anticipated to be aided by rising demand for artificial intelligence chip technology. It often takes the form of a system on chip. These chips are able to use the feed to accomplish specified objectives, process enormous volumes of data, decipher patterns, and recognize underlying trends.

How are Key Smartphone System on Chip (SoC) Manufacturers Faring in the United Kingdom?

The United Kingdom smartphone system on chip (SoC) market is likely to be valued at US$ 131.7 million by 2033. The country is set to create an incremental opportunity of about US$ 104.4 million during the evaluation period.

Several companies based in the United Kingdom are investing huge sums in research and development activities to invent cutting-edge products. In January 2022, for instance, Samsung Electronics declared that its new Exynos 2200 premium mobile processor is equipped with AMD RDNA 2 architecture. It is based on Samsung Xclipse graphics processing unit (GPU).

Why are Sales of Smartphone System on Chip (SoC) Surging Rapidly in China?

China smartphone system on chip (SoC) market is likely to exhibit growth at a CAGR of 19.0% between 2023 and 2033. The country is predicted to be valued at US$ 244.8 million in 2033 and create an opportunity of US$ 201.9 million in the next ten years.

Numerous industries in China are embracing automation and digitization as a result of ongoing technological advancements. It is hence giving key firms the opportunity to expand into new markets. Demand for 5G-enabled handsets has climbed further as 5G's adoption rate rises in China. These aforementioned factors are likely to drive sales of smartphone on chip (SoC) across the country.

Is South Korea a Prominent Hub for Smartphone System on Chip (SoC) Manufacturers?

South Korea smartphone system on chip (SoC) industry is projected to reach a valuation of US$ 115.4 million by 2033. It is likely to exhibit a CAGR of 18.4% in the forecast period, and create an absolute $ opportunity of US$ 94.0 million during the same period.

Increasing investments in 5G technologies are one of the main drivers propelling the South Korea market. Initial 5G network rollouts have relied heavily on field programmable gate array chipsets. It is an integrated circuit that was widely used in early commercial 5G products due to its design versatility and programmability. It would help push sales of smartphone system on chips across South Korea.

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Category-wise Insights

Which is the Most Popular Operating System for Smartphone System on Chip?

Based on operating system, the android segment is likely to dominate the global smartphone system on chip (SoC) market. As per Persistence Market Research, the segment is anticipated to exhibit a CAGR of 17.6% from 2023 to 2033 from 20.1% CAGR exhibited between 2018 and 2022.

In November 2022, for instance, Qualcomm introduced the Snapdragon 782G chipset, which is set to be the successor of its 778G+ mobile platform. Albeit a few upgrades, the new Snapdragon 782G chipset is set to be very similar to 778G+.

The new chip has Adreno 642L GPU, which is considered to be 10% more robust, as compared to the old generation mobile platform, especially for mid-range android smartphones. Launch of similar products by key companies are projected to bode well for the segment.

Competitive Landscape

Key players in the global smartphone system on chip (SoC) market are Apple, Qualcomm, Allwinner Technology, Actions Semiconductor Ltd., Huawei, Samsung, Intel, NXP Semiconductors, MediaTek, Analog Devices, and Texas Instruments.

Due to the existence of both domestic and international companies, the global market is highly fragmented. To expand their presence in the market, leading players are using a variety of techniques, including product releases, agreements, and acquisitions.

Few of the recent developments in the smartphone system on chip (SoC) market are:

  • In December 2022, Samsung Electronics Ltd. was named by Qualcomm as the official smartphone partner for the Snapdragon Pro series. Samsung, Qualcomm, and the ESL Faceit group have teamed up to develop cutting-edge technology such as system on chip for smartphones, through the Snapdragon Pro series.
  • In December 2022, the latest chipset for 5G cell phones, the Dimensity 8200, was created by MediaTek, a Taiwan-based system-on-chips vendor. High performance gaming, connectivity, displays, and images are expected from the new chipset. It is anticipated that this 4nm class chipset will offer unmatched power efficiency. It contains an octa-core CPU that operates at 3.1 GHz and a Mali-G610 graphics engine.

Scope of the Report

Attribute

Details

Estimated Market Size (2023)

US$ 542.0 million

Projected Market Valuation (2033)

US$ 2.8 billion

Value-based CAGR (2023 to 2033)

18.0%

Forecast Period

2023 to 2033

Historical Data Available for

2018 to 2022

Market Analysis

Value (US$ billion)

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • The Middle East & Africa

Key Countries Covered

  • USA
  • Canada
  • Brazil
  • Mexico
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Nordic
  • Russia
  • Poland
  • China
  • India
  • Thailand
  • Indonesia
  • Australia and New Zealand
  • Japan
  • Gulf Cooperation Council countries
  • North Africa
  • South Africa
  • Others

Key Segments Covered

  • Core Type
  • Operating System
  • Region

Key Companies Profiled

  • Apple
  • Qualcomm
  • Allwinner Technology
  • Actions Semiconductor Ltd.
  • Huawei
  • Samsung
  • Intel
  • NXP Semiconductors
  • MediaTek
  • Analog Devices
  • Texas Instruments

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competitive Landscape
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Segmentation of the Global Smartphone System on Chip (SoC) Market:

By Core Type:

  • Dual Core
  • Quad Core
  • Octa Core
  • Others

By Operating System:

  • Android
  • iOS
  • Windows

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

- Companies Covered in This Report -

  • Apple
  • Qualcomm
  • Allwinner Technology
  • Actions Semiconductor Ltd.
  • Huawei
  • Samsung
  • Intel
  • NXP Semiconductors
  • MediaTek
  • Analog Devices
  • Texas Instruments

- Frequently Asked Questions -

The global smartphone system on chip (SoC) market is set to be worth US$ 542.0 million in 2023.

The global smartphone system on chip (SoC) industry is projected to reach a valuation of around US$ 2.8 billion in 2033.

The global smartphone system on chip (SoC) industry exhibited a CAGR of 21.1% from 2018 to 2022.

The global smartphone system on chip (SoC) industry is projected to showcase 18.0% CAGR in the forecast period.

Based on core type, the octa-core segment is anticipated to lead the global smartphone system on chip (SoC) industry and exhibit 17.8% CAGR by 2033.

By operating system, the android segment is set to dominate the global smartphone system on chip (SoC) industry and exhibit 17.6% CAGR by 2033.

The USA smartphone system on chip (SoC) industry is estimated to reach a valuation of around US$ 910.0 million in 2033.

Apple, Qualcomm, Allwinner Technology, Actions Semiconductor Ltd., Huawei, Samsung, Intel, NXP Semiconductors, MediaTek, Analog Devices, and Texas Instruments are key smartphone system on chip (SoC) manufacturers.

North America is projected to dominate the smartphone system on chip (SoC) industry in the assessment period.

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