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Integrated Circuits Market Overview 2024-2033 - Share, Size, Insights, Forecast
Integrated Circuits Market Trends
As per the report, the integrated circuits market size has grown strongly in recent years. It will grow from $439.68 billion in 2023 to $480.97 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The integrated circuits market size is expected to see strong growth in the next few years. It will grow to $675.85 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%.
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Driving Growth With Internet Of Things (IOT) Adoption In The Integrated Circuits
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. For instance, according to the Gartner Symposium, there are 25 billion internet-connected devices in 2021. Each of these devices required ICs that contain embedded technology to communicate and sense or interact with the environment. Therefore, increasing the adoption of IoT devices will increase the demand for ICs and hence it is expected to drive growth of the integrated circuits market.
5G Expansion Fuels Demand For Integrated Circuits
Increased use of next-generation mobile networks, such as 4G and 5G, requires the installation of new infrastructure. Chipsets such as radio frequency integrated circuits, system on chips, application specific integrated circuits, cellular integrated circuits, and millimeter-wave integrated circuits are mainly used in the development of 5G infrastructure, which creates a high demand for integrated circuits. Deployment of 5G as the demand driver that will require semiconductors for infrastructure is rose the revenue of semiconductors for premium smartphones from 15,466 million in 2021 to 18,734 million in 2022.
The integrated circuits market covered in this report is segmented -
1) By Type: General-purpose IC, Application-specific IC
2) By Application: Automotive, Industrial, Consumer Electronics, IT & Telecommunication, Health Care, Aerospace & Defense, Other Applications
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Major companies operating in the integrated circuits market include Intel Corporation, Texas Instruments, Analog Devices, STMicroelectronics, NXP semiconductors, ON Semiconductor, Micron, Toshiba, Broadcom, Qualcomm, Maxim Integrated, Intersil Corporation, Cypress, Microchip, Integrated Device Technology, Omron, Advanced Electronic Components & Solution, Epson, Diodes, Infineon, New Japan Radio Co. Ltd., Boeing, Atmel Corporation, Nippon Electric Company, Samsung, Taiwan Semiconductor, SK Hynix, Nvidia, Renesas Electronics Corporation, MediaTek Inc., Xilinx Inc., Cypress Semiconductor Corporation, Advanced Micro Devices Inc., Marvell Technology Group Ltd., Silicon Laboratories Inc., Microchip Technology Inc., Cirrus Logic Inc., Dialog Semiconductor PLC, Semtech Corporation, Lattice Semiconductor Corporation, Monolithic Power Systems Inc., Power Integrations Inc.
Contents of the report:
1. Executive Summary
2. Integrated Circuits Market Report Structure
3. Integrated Circuits Market Trends And Strategies
4. Integrated Circuits Market - Macro Economic Scenario
5. Integrated Circuits Market Size And Growth
…..
27. Integrated Circuits Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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