System-on-Chip (SoC) Market Size, Share, Growth, Trends and Report to 2022-2027
%20Market.jpg)
The latest research study "System-on-Chip (SoC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the global system-on-chip (SoC)market size reached US$ 150.74 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 243.89 Billion by 2027, exhibiting a growth rate (CAGR) of 8.10% during 2022-2027. A system-on-chip (SoC) represents an integrated circuit (IC) that comprises digital, analog, mixed-signal, and radio frequency functions. It includes various components, such as a central processing unit (CPU), system memory, peripheral controllers, graphics processing units (GPUs), specialized neural network circuitry, radio modems, etc. System-on-chip is more reliable than multi-chip systems and offers several benefits, including less power consumption and high efficiency. In addition to this, it aids in minimizing energy wastage and reducing cost as SoC comprises a single processor. Co