China soc chip market size

In recent years, the size of China's SoC chip market has shown continuous growth, demonstrating great development potential and market vitality.

In the field of consumer electronics, there is a strong demand for SoC chips in smartphones, tablet PCs and smart wearable devices. As one of the most important consumer electronics products, smartphones have a huge market scale. With the continuous progress of technology and increasingly rich functions, the requirements for SoC chips in terms of computing power, graphic processing power, communication power, etc. are getting higher and higher. At present, China's smartphone market has hundreds of millions of shipments annually, and each phone needs to be equipped with a high-performance SoC chip, which provides a stable and huge demand for the market. At the same time, smart wearable devices such as smart watches and smart headphones are also rapidly popularizing, and their demand for low-power, high-performance SoC chips is also increasing, further promoting the expansion of the market scale.

Automotive electronics is another important growth point for China's SoC chip market. With the accelerated development of automotive intelligence and Internet connectivity, the demand for SoC chips in automobiles has risen sharply. Intelligent cockpit SoC chip market prospect is broad, in 2023 China's intelligent cockpit SoC market size has reached 10.8 billion yuan, is expected to reach 14.3 billion yuan in 2024, 2026 will reach 26.6 billion yuan. Automotive electronic and electrical architecture to the domain centralized transformation, so that the domain controller on the demand for high computing power SoC chip greatly increased, in addition to the intelligent cockpit, autonomous driving and other fields also put forward higher requirements for SoC chips. In the future, with the continued expansion of the new energy automobile market and the further improvement of the degree of automobile intelligence, the SoC chip market size in the field of automobile electronics is expected to continue to maintain high growth.

The rise of the AIoT market has also injected a strong impetus for the growth of China's SoC chip market size. According to relevant data, China's AIoT SoC chip market size reached 95.002 billion yuan in 2022, and is expected to reach 279.359 billion yuan in 2027, with a compound annual growth rate of 24.08% from 2022 to 2027. The rapid development of smart home, smart security, smart city and other areas, so that a variety of devices on the SoC chip demand continues to increase. These devices need to have strong computing power, communication capability and low power consumption to realize intelligent functions and interconnection.

Although the scale of China's SoC chip market is expanding, it also faces some challenges. In terms of market competition, international chip giants dominate in terms of technology and market share, and domestic SoC chip enterprises need to continuously improve their technical strength and product competitiveness in order to strive for a larger market share. In terms of technology research and development, the design and manufacture of SoC chips require highly complex technologies and processes, and domestic enterprises need to increase R&D investment to break through key technological bottlenecks and improve the performance and quality of chips.

Overall, the size of China's SoC chip market is in a stage of rapid growth, with broad prospects for development. With the continuous development of consumer electronics, automotive electronics, AIoT and other fields, as well as the continuous efforts of domestic chip enterprises, China's SoC chip market size is expected to continue to maintain the growth trend, and occupy a more important position in the global market.