SoC market to reach $205.97bn by 2029, led by RISC-V, with the automotive sector showing the highest CAGR in Asia Pacific.

The System-on-Chip (SoC) market is projected to grow to $205.97 billion by 2029, with a compound annual growth rate (CAGR) of 8.3% from 2024. The RISC-V architecture is anticipated to lead in growth due to its flexibility and low costs. The automotive sector will see the highest CAGR, driven by advanced electronic systems in electric vehicles. Asia Pacific is expected to dominate the market, fueled by major manufacturers and a booming consumer electronics sector.

October 04, 2024
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