According to Arizton’s latest research report, the custom SoC (ASIC) market is growing at a CAGR of 5.25% during 2024-2030.
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Report Scope:
Market Size (2030): $43.39 Billion
Market Size (2024): $27 Billion
CAGR (2024-2030): 5.25%
Historic Year: 2021-2023
Base Year: 2024
Forecast Year: 2025-2030
Market Segmentation: Design Type, Application, End-Users, and Geography
Geographical Analysis: North America, Europe, APAC, Latin America, and Middle East & Africa
Custom SoC (ASIC) Market Overview
The market for custom System on Chips (SoCs) has experienced significant growth and diversification in recent years, driven by rapid advancements in technology and the increasing demand for specialized hardware across various industries. As mobile devices like smartphones, tablets, and wearables continue to dominate, there is an escalating need for compact, powerful chips that integrate multiple functions—such as processing, graphics, and connectivity—into a single, efficient package. This demand for smaller, faster, and more energy-efficient components has spurred innovation in custom SoC technology, further propelling market expansion. Beyond consumer electronics, industries like telecommunications and network infrastructure are also driving demand, particularly with the rollout of 5G technology, which requires chips capable of handling immense data throughput and ultra-low latency. Additionally, the rise of the Internet of Things (IoT) and edge computing has amplified the need for low-power, high-performance custom SoCs, particularly in remote, autonomous environments.
The market for custom SoCs is not only shaped by technological advancements but also by regional factors that reflect distinct economic, cultural, and technological landscapes. In developed regions like North America and Europe, strong infrastructure and consumer purchasing power serve as key drivers. Meanwhile, the Asia-Pacific region has emerged as a dynamic center of growth, propelled by industrialization and an expanding middle class. Emerging markets in Latin America, Africa, and the Middle East present significant opportunities, driven by increasing investments and government initiatives. These global disparities underscore the importance of tailored strategies to address regional demands and ensure sustained growth in the competitive custom SoC market.
Recent Development
APAC to Witness the Fastest Growth Rate in the Custom SoC (ASIC) Market
In 2023, the Asia-Pacific (APAC) region held the largest share of the custom SoC market, accounting for 41.63%. This dominance is driven by the region’s robust semiconductor manufacturing capabilities and its key role in industries like consumer electronics, telecommunications, automotive, and industrial applications. Leading semiconductor manufacturers in countries such as China, Taiwan, South Korea, and Japan, including TSMC, Samsung, and MediaTek, are at the forefront of producing advanced SoC solutions. Additionally, the APAC region is witnessing rapid growth in mobile technology, with the mobile market projected to reach a value of $1 trillion by 2030, up from 5% of the region’s GDP in 2022, equating to $810 billion. This surge in mobile consumption is expected to further drive the demand for custom SoCs. However, the market also faces challenges, including geopolitical tensions, such as China’s investigation into Nvidia’s $6.9 billion acquisition of Mellanox Technologies, partly in response to the U.S. tightening chip export restrictions.
Large Enterprises to Grab the Major Shares in the Custom SoC (ASIC) Market
Large enterprises are playing a pivotal role in driving a significant share of the Custom SoC (ASIC) market, particularly in industries such as technology, telecommunications, automotive, healthcare, and consumer electronics. These enterprises often require high-performance, specialized solutions that general-purpose processors cannot deliver, and custom SoCs provide the necessary edge in terms of performance, efficiency, and cost-effectiveness. In sectors like telecommunications, custom SoCs are essential for managing complex data throughput and ultra-low latency requirements, especially with the growing demands of 5G networks. Automotive companies also rely on custom SoCs for advanced applications like autonomous driving and in-vehicle infotainment systems, where both power efficiency and performance are critical.
In healthcare, large enterprises are increasingly integrating custom SoCs into medical devices and diagnostic equipment, enabling enhanced processing power and real-time data analysis while reducing energy consumption. In consumer electronics, companies rely on custom SoCs to power smartphones, wearables, and smart home devices, ensuring they are smaller, faster, and more energy efficient.
By investing in custom SoC solutions, these large enterprises can significantly optimize their operations, reduce power consumption, lower operational costs, and enhance the overall user experience across their product offerings. Moreover, custom SoCs are often tailored to meet the specific needs of mission-critical operations, making them indispensable for businesses looking to maintain a competitive edge and drive innovation in their respective industries. As a result, large enterprises are contributing to the market’s growth and shaping its future direction.
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Key Company Profiles
Market Segmentation
Design Type
Application
End-Users
Geography
North America
Europe
APAC
Latin America
Middle East & Africa
In a nutshell, the Arizton Advisory & Intelligence market research report provides valuable market insights for industry stakeholders, investors, researchers, consultants, and business strategists aiming to gain a thorough understanding of the custom Soc (ASIC) market. Request for Free Sample to get a glance of the report now: https://www.arizton.com/market-reports/custom-system-on-chip-soc-market
What Key Findings Will Our Research Analysis Reveal?
How big is the global custom SoC (ASIC) market?
Which region dominates the global custom SoC (ASIC) market share?
Who are the key players in the global custom SoC (ASIC) market?
What are the significant trends in the custom SoC (ASIC) market?
What is the growth rate of the global custom SoC (ASIC) market?
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