Press release
Global Integrated Circuits Market Value Expected To Reach $502.94 Billion By 2023
Integrated Circuits Market
The global integrated circuits market was worth $412.3 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 5.09% and reach $502.94 billion by 2023.
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The integrated circuits market consists of sales of integrated circuits and related services that are used in various applications such as automobiles, telecommunication, aerospace and defense, and consumer electronics. Integrated circuit is a small chip that acts as an amplifier, an oscillator, a timer, and a memory computer. Integrated circuit is a small wafer that can accommodate hundreds to millions of transistors, resistors and capacitors.
The increasing adoption of the Internet of things (IoT) is expected to drive the integrated circuits (ICs) market in the forecast period. ICs allow us to sense, understand, and transmit intelligent data. IoT is expected to boost the growth of the integrated circuit market due to various benefits of using analog ICs across a wide range of real-time connected devices and applications. Analog ICs have efficient power consumption features and the signals processing capabilities needed to configure an automated devices ecosystem.
Integrated Circuits Market Segmentation: -
By Product Type
Digital IC
Analog IC
Mixed-Signal IC
By Application
Automotive
Industrial
Consumer Electronics
IT & Telecommunication
Health Care
Aerospace & Defense
Others
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Few Points From Table Of Content
1. Executive Summary
2. Integrated Circuits Market Characteristics
3. Integrated Circuits Market Size And Growth
4. Integrated Circuits Market Segmentation
5. Integrated Circuits Market Regional And Country Analysis
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25. Integrated Circuits Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Integrated Circuits Market
27. Integrated Circuits Market Trends And Strategies
28. Integrated Circuits Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the Integrated Circuits Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the Integrated Circuits Market are Intel Corporation, Texas Instruments, Analog Devices, STMicroelectronics, NXP, ON Semiconductor, Micron, Toshiba, Broadcom and Qualcomm.
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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