IC Socket Market at a CAGR of 6.21% Rising Enterprise Efficiency and Dominated by Top Competitors (3M, Aries Electronics, Chupond Precision, Enplas, FCI, Foxconn Technology Group, Mill-Max Manufacturing) and Global Forecast to 2023

Marketprognosis.com Publish a New Market Research Report On “Global IC Socket Market 2019 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global IC Socket Market:

The Global IC Socket Market is expected to witness a CAGR of 6.21% over the forecast period of 2018 - 2023. The regions considered in the scope of the report include North America, Europe, Asia-Pacific, and the rest of the world.

IC sockets have become one of the most crucial and widely used components in the production cycle of ICs. With the increasing demand for performance and efficiency, the consumption of IC sockets has witnessed a rapid growth over the recent years. The growing global demand for consumer electronics has been identified as a major driving force for the growth of the IC sockets market.

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Rising Demand for Consumer Electronics; 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..

Test/ Burn-in Sockets to Register Significant Growth; During the production phase, all ICs undergo various tests such as burn-in, functional, fuse test, failure analysis, etc., to assess the performance, reliability, and to address potential defects and eliminate early life failures. Burn-in tests are conducted by testing IC devices at 125u00baC for approximately eight hours. Thus, the necessity for burn-in sockets with the ability to withstand high temperature and high insertion/extraction cycles is paramount.

Asia-Pacific Expected to Grow; Growing adoption of IoT and Big Data have been the major drivers for the data center market in the Asia-Pacific, which remains one of the major end-user segment for IC’s. These companies have almost reduced the product development period by half, owing to the changing consumer demands. This trend requires companies to continuously design and test products, driving the adoption of IC sockets. Further, China’s “National Guidelines for the Development and Promotion of the IC Industry" is set to drive investments in the China National IC industry, particularly in the IC design, packing, and testing sectors. The growing level of investment in the fabless, IDMs, foundries, and OSATs in the Asia-Pacific aims to drive the market for ICs over the forecast period.

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Major Key Players:

1 3M Company

2 Aries Electronics Inc.

3 Chupond Precision Co. Ltd

4 Enplas Corporation

5 FCI

6 Foxconn Technology Group

7 Johnstech International Corporation

8 Loranger International Corporation

9 Mill-Max Manufacturing Corporation and More………….

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This study answers to the below key questions:

1 What are the key market trends?

2 What will the market size be in 2023 and what will the growth rate be?

3 What are the strengths and weaknesses of the key vendors?

4 Who are the key vendors in this market space?

5 What is driving this market?

6 What are the market opportunities and threats faced by the key vendors?

7 What are the challenges to market growth?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of IC Socket Market.

Table of Contents:

1 Introduction

2 Executive Summary

3 IC Socket Market Overview

4 IC Socket Market Dynamics

5 IC Socket Market Segmentation

6 Vendor Market Share

7 Company Profiles

8 Investment Analysis

9 Future of the Market

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This release was published on openPR.