Press release
IC Sockets Market Report, History and Forecast 2013-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application
An IC socket, or integrated circuit socket, is used in devices that contain an integrated circuit. An IC socket is used as a placeholder for IC chips and is used in order to allow safe removal and insertion of IC chips because IC chips may become damaged from heat due to soldering.
The growing global demand for consumer electronics has been identified as a major driving force for the growth of the IC sockets market. Over the last few years, the product development cycle has shortened considerably owing to the growing level of competition, which has led to the increased adoption for production and testing sockets. For instance, China is re-engineering its development and innovation processes in a bid to reduce the TTM (time to market) for the new products. However, the trend of miniaturization has been a challenge for the IC sockets market as they tend to occupy additional space and add an extra electrical signal path to the IC device.
Consumer electronics lead the market on account of the massive sales of laptops, smartphones, PCs, tablets, and other consumer electronic devices, which incorporate integrated circuits. These electronic appliances are manufactured with some simple or complex circuits. Electronic components in these circuits are connected with each other by wires or conducting wires for the flow of electric current through the multiple components of the circuit, such as resistors, capacitors, inductors, diodes, and transistors. Owing to the increasing sales of consumer electronics, IC sockets are expected to witness a greater adoption in these devices.
The global IC Sockets market was xx million US$ in 2017 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2018 and 2025.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of IC Sockets in these regions, from 2013 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
3M Company
Aries Electronics
Chupond Precision Co., Ltd.
Enplas Corporation
FCI
Foxconn Technology Group
Johnstech International Corporation
Loranger International Corporation
Mill-Max Mfg. Corporation
Molex, Inc.
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By the product type, the market is primarily split into
Dual In-Line Memory Module Sockets (DIMM)
Production Sockets
Test/Burn-In Sockets
By the end users/application, this report covers the following segments
Residential
Commercial
Industrial
The study objectives of this report are:
To study and analyze the global IC Sockets market size (value & volume) by company, key regions/countries, products and application, history data from 2013 to 2017, and forecast to 2025.
To understand the structure of IC Sockets market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global IC Sockets manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the IC Sockets with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of IC Sockets submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of IC Sockets are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of IC Sockets market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
With the given market data, QYResearch offers customizations according to the company's specific needs. The following customization options are available for the report:
Further breakdown of IC Sockets market on basis of the key contributing countries.
Detailed analysis and profiling of additional market players.
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QYResearch always pursuits high product quality with the belief that quality is the soul of business. Through years of effort and supports from huge number of customer supports, QYResearch consulting group has accumulated creative design methods on many high-quality markets investigation and research team with rich experience. Today, QYResearch has become the brand of quality assurance in consulting industry.
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