Integrated Circuits Market Expected to Achieve 4.8% CAGR by 2029: Growth Forecast Insights

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How Large Will the Integrated Circuits Market Size By 2025?
The market size for integrated circuits has experienced rapid expansion in recent years. It is projected to rise from $401.81 billion in 2024 to $446.8 billion in 2025, marking an 11.2% compound annual growth rate (CAGR). Factors contributing to this growth during the historical period include economic conditions, regulatory climate, demographic shifts, and the competitive landscape.

How Big Is the Integrated Circuits Market Size Expected to Grow by 2029?
In the coming years, the integrated circuits market is set to experience significant expansion, reaching a projected value of $661.12 billion in 2029, which will translate to a compound annual growth rate (CAGR) of 10.3%. Various factors such as evolving customer expectations, effects of climate change and natural disasters, ESG considerations, health and wellness inclinations, development of insurance distribution methods, and a shift towards remote work and digital transactions will contribute to this growth during the forecast period. It's expected that adoption of new technologies, integration of insurtech, deployment of data analytics and artificial intelligence, a more customer-led approach, diversification of products, and an increase in partnerships and alliances will be the main trends during this forecast period.

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Which Key Market Drivers Powering Integrated Circuits Market Expansion and Growth?
Anticipated growth in the integrated circuits (ICs) market is tied to the rising use of the Internet of Things (IoT). ICs have the ability to gather, process, and share insightful data, a capability that bolsters the expansion of the integrated circuit market. The advantages of integrating analog ICs into a diverse variety of connected devices and applications in real-time are numerous. Key among these benefits is the energy efficiency they offer and the ability to manipulate signals necessary for setting up an automated devices infrastructure. As an illustration, the Health Sector Cybersecurity Coordination Center (HC3), a division of the United States Department of Health and Human Services' Cybersecurity Program, reported in August 2022 that about 7 billion devices were linked through the IoT in 2022. It projected that the number of devices relying on this technology would swell by an additional 20 billion by 2025. The burgeoning popularity of IoT devices is set to augment the demand for ICs, thus propelling the growth of the integrated circuits market.

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Which Fast-Growing Trends Are Poised to Disrupt the Integrated Circuits Market?
The growing reliance on advanced mobile networks like 4G and 5G necessitates the need for new infrastructural components. Integral elements in the development of 5G infrastructure include chipsets such as radio frequency integrated circuits, system on chips, application-specific integrated circuits, cellular integrated circuits and millimeter-wave integrated circuits. Their high demand further stimulates the need for integrated circuits. The deployment of 5G has emerged as a key driver of demand, requiring semiconductors for infrastructure, which consequently escalated the revenue for semiconductors found in premium smartphones from 15,466 million in 2021 to 18,734 million in 2022.

What Are the Emerging Segments in the Integrated Circuits Market?
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 And Telecommunication, Health Care, Aerospace And Defense, Other Applications

Subsegments:
1) By General-Purpose IC: Microprocessors, Microcontrollers, Memory ICs (DRAM, Flash, SRAM), Logic ICs
2) By Application-Specific IC (ASIC): Full-custom ASIC, Semi-custom ASIC (Standard Cell And Gate Array), Programmable ASIC

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Who Are the Global Leaders in the Integrated Circuits Market?
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.

Which are the Top Profitable Regional Markets for the Integrated Circuits Industry?
Asia-Pacific was the largest region in the integrated circuits market in 2023. North America was the second-largest region in the integrated circuits market. The regions covered in the integrated circuits market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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