According to a new report, published by KBV research, The Global Mobile SoC Market size is expected to reach $1.9 billion by 2030, rising at a market growth of 17% CAGR during the forecast period.
The market stands at the forefront of technological innovation, driving the evolution of mobile devices that have become integral to modern life. These miniature powerhouses, encapsulating various components on a single chip, play a pivotal role in the seamless functioning of smartphones, tablets, wearables, and other portable gadgets. The dynamic landscape of the market is shaped by factors such as adoption rates, diverse applications, and the continual emergence of trends and innovations that redefine the capabilities of mobile devices.
In addition, the adoption of these SoCs has witnessed an unprecedented surge, mirroring the exponential growth of the global mobile device industry. The demand for sophisticated SoCs has skyrocketed due to consumers' growing dependence on smartphones and other portable devices for communication, productivity, entertainment, and daily tasks. The adoption curve has been propelled by factors such as the relentless pursuit of enhanced performance, energy efficiency, and integration of cutting-edge features in mobile devices.
The Android segment led the Global Mobile SoC Market by Operating System in 2022; thereby, achieving a market value of $1.2 Billion by 2030. Android is the most widely used operating system in the global smartphone industry. The majority of smartphone manufacturers, excluding Apple, utilize the Android platform. As a result, the demand for mobile SoCs compatible with Android devices is inherently high due to the sheer volume of Android smartphones produced and sold worldwide. Hence, these aspects will boost the demand in the segment.
The Octa Core segment is growing at a CAGR of 16.4 % during the forecast period. Octa-core processors provide a higher number of CPU cores compared to quad-core or dual-core processors. This allows for more efficient multitasking, enabling users to run multiple applications simultaneously without significantly decreasing performance. The octa-core configuration ensures smoother and more responsive performance as users engage in diverse activities on their mobile devices, such as gaming, streaming, productivity tasks, and background processes. Hence, the segment will expand rapidly in the upcoming years.
Full Report: https://www.kbvresearch.com/mobile-soc-market/
The Asia Pacific region dominated the Global Mobile SoC Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $817.7 Million by 2030. The North America region is anticipated to grow at a CAGR of 16.2% during (2023 - 2030). Additionally, The Europe region would witness a CAGR of 16.6% during (2023 - 2030).
By Operating System
By Core Type
By Geography
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