The North America Mobile SoC Market would witness market growth of 16.2% CAGR during the forecast period (2023-2030).
The corporate sector has embraced these SoCs as essential components in deploying enterprise mobility solutions. The need for enhanced productivity, real-time collaboration, and secure mobile access to corporate data has fueled the integration of advanced SoCs in business-oriented mobile devices. This enterprise adoption extends to smartphones and encompasses tablets and specialized devices designed for specific industries, contributing to the diversification of the market.
Furthermore, the advent of wearables and Internet of Things devices has ushered in a new era for these SoCs. From smartwatches and fitness trackers to connected home devices, SoCs provide the computational capabilities necessary for these gadgets to collect, process, and transmit data seamlessly. The automotive industry has embraced these SoCs to power infotainment systems, advanced driver assistance systems (ADAS), and in-vehicle connectivity. The integration of SoCs enhances the driving experience, enabling features such as navigation, entertainment, and connectivity with mobile devices.
As consumers in Canada go through smartphone upgrade and replacement cycles, they often seek devices with improved specifications and features. These SoCs play a crucial role in defining smartphones' overall performance and capabilities, influencing purchasing decisions during upgrade cycles. As per Statistics Canada, by 2020, 84% of Canadians owned a smartphone. The overwhelming majority of Canadians aged 15 to 44 (96%) reported having a smartphone in 2020, as did most Canadians aged 45 to 64 (87%). Thus, the rising demand for mobile phones in North America is expected to boost the demand for these SoCs in the region.
The US market dominated the North America Mobile SoC Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $364.3 Million by 2030. The Canada market is experiencing a CAGR of 18.8% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 17.8% during (2023 - 2030).
Free Valuable Insights: The Mobile SoC Market is Predict to reach $1.9 Billion by 2030, at a CAGR of 17.0%
Based on Operating System, the market is segmented into Android, and iOS. Based on Core Type, the market is segmented into Octa Core, Quad Core, Hexa Core, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Operating System
By Core Type
By Country
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