Narrative: SoC Market Q1 2025 – Compute and AI Drive the SoC and IP Markets
2 Min Read August 15, 2025
The SoC market hit $351B in 2024 and is set to grow 9% CAGR to 2030. Explore key drivers, top players, and critical implications.
The total SoC market reached $351 billion in 2024, reflecting a 21% year-over-year growth, with computing experiencing a 49% increase driven by datacenter AI. We project the total SoC market to grow at a 9% CAGR through 2030, aligning with the global MOS logic market, and to surpass $500 billion by 2029. The primary drivers include the integration of artificial intelligence accelerators and long-term trends toward more capable computing engines. As design efforts shift toward smaller geometries, we anticipate a rise in the use of IP blocks and software, supporting a healthy silicon IP market with over +15% CAGR to 2030, doubling in value from 2025. Trade tensions and regulations could negatively impact most SoC end markets while speeding up regional decoupling, increasing demand for local designs and derivatives (e.g., China-for-China).
