Mobile SoC Market Surges, Expected $3 Billion Revenue by 2032 with 17.9% CAGR

Mobile SoC Market

Mobile SoC Market: Global Opportunity Analysis and Industry Forecast, 2023-2032

WILMINGTON, DELAWARE, UNITED STATES, April 4, 2024 /EINPresswire.com/ -- Mobile SoC Market Size, Share, Competitive Landscape and Trend Analysis Report by Operating System (Android, iOS), by Core Type (Quad Core, Octa Core, Hexa Core, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032

The global mobile soc market was valued at $0.6 billion in 2022, and is projected to reach $3 billion by 2032, growing at a CAGR of 17.9% from 2023 to 2032.

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A system on chip (SoC) is a single-integrated circuit that consolidates diverse components of a computer or electronic system into a unified package. In the realm of smartphones, SoCs play a crucial role in furnishing the required computational power, graphics capabilities, connectivity, and other essential functions within a compact and energy-efficient framework. The amalgamation of multiple components onto a solitary chip enhances the overall efficiency, performance, and power management of smartphones.

The fundamental components within a smartphone SoC typically include a central processing unit (CPU), graphics processing unit (GPU), memory controllers, input/output interfaces, wireless communication modems, and specialized elements like image signal processors (ISPs) for camera functions. This integration reduces the dependence on separate chips, resulting in a more compact device with lower power consumption and cost.

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Competitive Analysis:
The mobile soc industry key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.

Some of the major key players of the mobile soc market include,

● HiSilicon (Huawei Technologies),
● Apple Inc.,
● MediaTek Inc.,
● NVIDIA Corporation,
● Unisoc (Shanghai) Technologies Co., Ltd.,
● Intel Corporation,
● Qualcomm Technologies, Inc,
● NXP semiconductors,
● Advanced Micro Devices, Inc.,
● Samsung

Top Impacting Factors:
The mobile SoC market is expected to witness notable growth in demand for mobile devices with enhanced capabilities and advanced features and prioritize power efficiency for longer battery life. Moreover, increase in edge computing requires high-performance SoCs for AI inference, and growth in smartphone adoption in emerging markets offer untapped growth potential are expected to provide lucrative opportunities for the growth of the market during the forecast period. On the contrary, rise in competition among mobile manufacturers results in pricing pressure limit the growth of the mobile SoC industry.

Research Methodology:
The research uses both primary and secondary research to assemble data on the various facets of the international security screening market. Using interviews or surveys, primary market research has been used to collect highly authenticated data from direct sources, such as consumers in a particular market. Secondary market research is a method for gathering information from previously released data produced by international organizations, business groups, government and research institutions, and so on.

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Key Benefits for Stakeholders:
● This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the mobile soc market analysis from 2022 to 2032 to identify the prevailing mobile soc market opportunity.
● The market research is offered along with information related to key drivers, restraints, and opportunities.
● Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
● In-depth analysis of the mobile soc market segmentation assists to determine the prevailing mobile SoC market forecast.
● Major countries in each region are mapped according to their revenue contribution to the global market.
● Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
● The report includes the analysis of the regional as well as global mobile soc market trends, key players, market segments, application areas, and market growth strategies.

About Us:
Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on the analysis of high-tech systems and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.

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