The "Custom SoC (ASIC) Market - Global Outlook & Forecast 2025-2030" report has been added to ResearchAndMarkets.com's offering. The Custom SoC (ASIC) Market was valued at USD 27 Billion in 2024,...
Autore: Business Wire
DUBLIN: The "Custom SoC (ASIC) Market - Global Outlook & Forecast 2025-2030" report has been added to ResearchAndMarkets.com's offering.
The Custom SoC (ASIC) Market was valued at USD 27 Billion in 2024, and is projected to reach USD 43.39 Billion by 2030, rising at a CAGR of 8.23%.
CUSTOM SoC (ASIC) MARKET KEY HIGHLIGHTS
CUSTOM SoC (ASIC) MARKET TRENDS & DRIVERS
Emerging Demand for Consumer Electronics
Consumer electronics increasingly rely on custom SoCs, driven by smartphone adoption aligned with rising disposable incomes. With major investment initiatives in countries like India, manufacturers such as Samsung and Apple are boosting production capabilities to meet market growth.
Impact of Generative AI
Generative AI revolutionizes the SoC market by enhancing design efficiency and minimizing complexity. It enables manufacturers in telecommunications, automotive, healthcare, and IoT sectors to streamline design processes, reducing time to market and optimizing chip performance.
INDUSTRY RESTRAINTS
High Design & Manufacturing Cost
The significant initial investment required for custom SoC design is a barrier. The integration complexity and constant innovation needed to stay competitive pose additional challenges, impacting growth negatively.
CUSTOM SoC (ASIC) MARKET VENDORS INSIGHTS
The global custom SoC (ASIC) market is highly competitive, with key players ranging from large semiconductor companies to specialized design firms. Major players in the global custom SoC (ASIC) market include Qualcomm, Broadcom, Apple, Intel, Nvidia, TSMC, Broadcom, and Samsung, which are investing heavily in R&D to drive innovation in custom chip design.
Collaboration, mergers, and acquisitions are a few general strategies in the custom SoC (ASIC) solutions market among leading firms to expand their market presence and penetrate emerging economies. For instance, in 2023, Apple and Broadcom entered into a strategic partnership aimed at advancing the development of custom SoC chips designed for AI integration. This collaboration focused on Broadcom's expertise in wireless technology and Apple's prowess in custom silicon design to create highly specialized chips that enhance the performance of AI-driven applications across Apple's ecosystem.
Additionally, smaller firms like Sondrel, Mediatek, Greenwaves Technologies, and SiFive are also catering to the custom SoC (ASIC) market share by focusing on offering solutions for niche and emerging applications. These companies are increasingly differentiating themselves through specialized designs that address the unique needs of specific industries, leveraging agility and innovation to gain traction in high-growth sectors.
For instance, in 2023, MediaTek's investment in AI-enhanced SoCs enabled the company to provide advanced, energy-efficient solutions for devices in sectors such as smart homes, wearables, and automotive. MediaTek's approach of offering versatile, customizable chip solutions for mid-range and budget devices has expanded its reach in developing economies.
Key Company Profiles
Other Prominent Vendors
Key Attributes:
Report Attribute | Details |
No. of Pages | 266 |
Forecast Period | 2024 - 2030 |
Estimated Market Value (USD) in 2024 | $27 Billion |
Forecasted Market Value (USD) by 2030 | $43.39 Billion |
Compound Annual Growth Rate | 8.2% |
Regions Covered | Global |
Report Segmentation
Segmentation by Application
Segmentation by End-Users
Segmentation by Geography
For more information about this report visit https://www.researchandmarkets.com/r/hssua6
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Fonte: Business Wire