Future of System-on-Chip (SoC) Market: Innovation in AI, 5G, and Automotive Electronics Accelerates Expansion
The System-on-Chip (SoC) industry is projected to grow from USD 138.46 billion in 2024 and is estimated to reach USD 205.97 billion by 2029; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 8.3% from 2024 to 2029. The growth of the System-on-Chip (SoC) industry is driven with the increasing trend of SoC in automotive industry along with the adoption of IoT and connected devices that require SoCs to carry out real time processing. Moreover, the surging adoption of AI and machine learning technologies is likely to fuel the demand for system-on-chips. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=99622125 By core architecture, RISC-V is projected to grow at a high CAGR for system-on-chip industry during the forecast period The market for System-on-Chips (SoC) for RISC-V architecture segment is expected to grow at highest CAGR during the forecast period. The RISC-V architecture is bound to grow at a higher rate in...