Mobile SoC Market

Mobile SoC Market Outlook - 2030

Mobile SoC is an integrated circuit that contains all the components, such as memory, modems, and other essentials, integrated into a single chip that helps in functioning and controlling a mobile phone. SoC stands for system on a chip. When multiple components are integrated into a single chip it saves in space, cost, and power consumption. Therefore, mobile SoC is the brain of the mobile phone that handles everything from the operating system to detecting volume press button. SoC also controls some others systems inside the mobile phones such as camera, RAM, ROM, and many others.

Some of the applications of mobile phones are gaming, video calling, browsing, net surfing, and many others. All these operations are handled by the SoC unit equipped inside the mobile phone. Qualcomm Technologies Inc. and MediaTek Inc. are the two major players in the mobile SoC market.

The global mobile SoC market is segmented on the basis of type, application, and region. Based on type, the market is divided into digital signals, analog signals, mixed signals, and others. In terms of application, the market is categorized into telecommunication, consumer electronics, automotive, aviation & military, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Key players operating in the global mobile SoC industry include Qualcomm Technologies Inc., Apple Inc., Samsung semiconductor, MediaTek Inc., Intel Corporation, Spreadtrum Communications, Huawei Technologies. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global mobile SoC market.

COVID-19 Impact Analysis

COVID-19 pandemic is a global health emergency that has negatively affected almost all the economies across the world. To constrain the outbreak of the COVID-19 pandemic, the head of the states has imposed strict lockdowns and travel bans. Due to lockdowns and travel bans, many industries across the world were adversely affected. The mobile SoC market was also affected the growth rate negatively by the COVID-19 pandemic which in turn has impacted the global Mobile SoC market share.

Due to the COVID-19 pandemic, the supply chain management systems were disrupted, and this has created a shortage of mobile SoC in the mobile manufacturing plants, which had ultimately led to a decrease in the production of mobile phone units. Although there was a demand for mobile phones in the market, but due to supply chain disruptions, the mobile phone companies were unable to fulfill the demand in the market.

This can be proved by the report of the International Data Centre, which states that global smartphone manufacturers sold a total of 354.7 million smartphones in the third quarter of 2020 and the number has declined year on year due to COVID-19 pandemic. Therefore, the COVID-19 pandemic has negatively impacted the growth of the mobile SoC market.

Top Impacting Factors

The increasing demand for mobile phones in the market is the major factor that drive the growth of the mobile SoC market. TAadvancements in technology of mobile phone to sustain the consumer demand for mobile phones in the Mobile SoC market have also contributed in the growth of the mobile SoC market. The mobile SoC can be integrated with other components of mobile phones such as Wifi module, graphics processing unit, processor, and many others. All these advantages foster the growth of mobile Soc in the market.

The mobile gaming is one of the dominating end use application that has generated the demand for the development of new technology in mobile SoC circuits that will provide a lag free smooth gaming experience. This has driven the growth of the mobile Soc in the market. One of the major restraining factors of the mobile SoC industry is the rise in competition from counterfeit products. 

The Rise in Demand for Mobile Phones

In recent years, there has been massive demand for mobile phones across the world. Attributed to advancement of technologies, there has been rapid innovation in the mobile phone industry. Innovation provides a variety of features, such as better camera quality, longer battery life, fast charging, fingerprint sensors, and many others, in mobile phone. This has made the youngsters desperate for new mobile phones.

 In recent time, carrying the latest mobile phone has become a fashion statement for many youngsters. This information has provided the manufacturers enough insight to innovate consistently that helps them to capture the target consumers. Therefore, the rise in demand for mobile phones has paved the way for the growth of the mobile SoC market.

Adoption of 5G Technology

The mobile phone market is expected to grow in the coming years during the forecast period. There has been massive demand for the adoption of 5G technology across the globe due to its advanced features such as greater transmission speed, lower latency, greater number of connected devices, and many more. The widescale adoption of 5G technology will result in demand for mobile phones that support 5G technology. Thus, this demand for a new mobile phone supporting 5G technology will create mobile SoC market opportunities.

Key Benefits of the Report

• This study presents the analytical depiction of the mobile SoC market forecast along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the mobile SoC market trends.
• The current market is quantitatively analyzed to highlight the mobile SoC market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed mobile SoC market analysis depending on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Mobile SoC Market Research Report

• Which are the leading players active in the mobile SoC market size?
• What are the detailed impacts of COVID-19 on the market?
• What current trends will influence the mobile SoC industry in the next few years?
• What are the driving factors, restraints, and opportunities in the market?

 Mobile SoC Market Report Highlights