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Integrated Circuits Market Is Expected To Witness Substantial Growth In The Forecast Period 2022-2031 | Intel Corporation, Texas Instruments, Analog Devices
Integrated Circuits Market
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The global integrated circuits market report by the business research company identifies 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.
The global integrated circuits market grew from $330.26 billion in 2021 to $341.19 billion in 2022 at a compound annual growth rate (CAGR) of 3.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The integrated circuits market is expected to grow to $385.1 billion in 2026 at a CAGR of 3.1%.
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Asia Pacific was the largest region in the integrated circuits market in 2021. North America was the second-largest region in the lithintegrated circuits market. The regions covered in the integrated circuits market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major players in the integrated circuits market are Intel Corporation, Texas Instruments, Analog Devices, STMicroelectronics, NXP, ON Semiconductor, Micron, Toshiba, Broadcom, and Qualcomm.
The global integrated circuits market is segmented -
1) By Product Type: Digital IC, Analog IC, Mixed-Signal IC
2) By Application: Automotive, Industrial, Consumer Electronics, IT & Telecommunication, Health Care, Aerospace & Defense, Others
3) By Type: General-purpose IC, Application-specific IC
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The Integrated Circuits Market Report Contents Include
Table Of Contents
1. Executive Summary
2. Integrated Circuits Market Characteristics
3. Integrated Circuits Market Trends And Strategies
4. Integrated Circuits Market - Macro Economic Scenario
5. Integrated Circuits Market Size And Growth
....
26. Africa Integrated Circuits Market
27. Integrated Circuits Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Integrated Circuits Market
29. Integrated Circuits Market Future Outlook and Potential Analysis
30. Appendix
This 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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