Integrated Circuit Market
Integrated Circuit Market Forecasts to 2028 - Global Analysis By Type (Mixed-Signal IC, Digital IC AND Analog IC), Product Type (Application-Specific IC and General-Purpose IC), End User and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $561.7 BN |
|
Projected Year Value (2028) |
US $1,285.8 BN |
|
CAGR (2022 - 2028) |
14.8% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Integrated Circuit Market is accounted for $561.7 billion in 2022 and is expected to reach $1,285.8 billion by 2028 growing at a CAGR of 14.8% during the forecast period. An integrated circuit (IC) is a tiny silicon-based semiconductor chip. It is an electronic component assembly made up of manufactured small active and passive devices. It was created on a small scale to design a circuit with multiple components and the linkages between them. An integrated circuit (IC) can perform the functions of a microprocessor, amplifier, counter, oscillator, timer, or computer memory. An integrated circuit might be analogue, digital, or a combination of both.
According to SEMI China, these investments are paying off, as China's wafer fab capacity market share surged from 9% in 2010 to 17% in 2020.
Market Dynamics:
Driver:
High growth in use of integrated circuits
Many IC manufacturers are now attempting to fulfil the bespoke requirements of the consumers in order to improve the product's presence across the worldwide market and promote its attraction among customers. Manufacturers are working on custom-made integrated circuits that can provide all of the major basic electronic components in a single chip. According to current Semiconductor Industry Association (SIA) statistics, global semiconductor sales increased by 24% in October 2021, reaching about USD 49 billion, compared to the same month the previous year. The massive growth helped the industry to accumulate an additional USD 400 million providing an optimistic performance to the market over the forecast period.
Restraint:
Low chances of refabrication or repair
ICs are a compact unit composed of various electronic components mounted on a semiconductor material such as silicon, which decreases the size and complexity of electronic devices. However, if one component in the IC chip breaks, the entire chip must be replaced, and it is not possible to repair or modify the circuit, resulting in higher maintenance expenses. Furthermore, due to reasons such as the high cost of making bespoke circuits, the complexity of building circuits, and functional dependability issues, the market for application-specific integrated circuits is likely to grow slowly in the coming years.
Opportunity:
Substantial demand for ICS in automotive sector and iot-based devices to provide noteworthy
Increased prospects for IoT-based devices have increased the demand for analogue ICs, digital ICs, and microcontroller sensors in automated equipment and IoT devices. Continuous attempts, for example, to introduce developed and advanced car infotainment installations, such as current entertainment and information setup or precise GPS tracking and navigation, will drive demand and subsequent sales of automotive microcontrollers (MCU). Furthermore, due to excessive fluctuation in fuel prices and government subsidies to stimulate EV sales, electric vehicle sales have increased significantly.
Threat:
Unable to operate at low temperature coefficient
Because of their possible inability to attain a low temperature coefficient, integrated circuits may not be suitable for operating in hostile settings or at freezing temperatures. They are also less flexible and cannot work well if improperly installed or handled carelessly. ICs are prone to failure when subjected to intense heat, making them unsuitable for use in high-temperature situations. Analogue and digital integrated circuits cannot operate at high voltages with low operational noise. These circuits can only handle a limited amount of power.
Covid-19 Impact
The COVID-19 epidemic has impacted various significant economies throughout the world, causing severe cash shortage and lowering cash liquidity. As a result, most pessimistic investors and manufacturers halted the market's growth rate. Furthermore, bans on cross-border commerce of non-essential commodities restricted the import and export of ICs from Asia Pacific manufacturers to other areas, lowering sales in other regions. As a result of increased usage, the price of integrated circuits increased. The disruption of the semiconductor value chain and supply chain during the initial period of the pandemic severely hampered the market's development prospects.
The analog IC segment is expected to be the largest during the forecast period
The analog IC segment is estimated to have a lucrative growth. Analog integrated circuits are integrated circuits that produce an electrical representation of continuous signals. Op-amps, linear regulators, phase locked loops, oscillators, and active filters are all designed using analogue integrated circuits. Analog design is primarily concerned with the physics of semiconductor devices such as gain, matching, power dissipation, and resistance. Analog integrated circuits are less expensive than digital circuits, have fewer faults, and cause no significant changes in data if a minor error occurs.
The consumer electronics segment is expected to have the highest CAGR during the forecast period
The consumer electronics segment is anticipated to witness the highest CAGR growth during the forecast period, due to the growing use of ASICs in phones, tablets, and laptops around the world. These ASICs provide a number of advantages, including as low power consumption, IP security, small size, and higher bandwidth, which has led to growing popularity in the consumer electronics market. Furthermore, the increasing invention of electronic devices allows for consistent performance and energy efficiency, propelling the application specific integrated circuit industry forward.
Region with highest share:
North America is projected to hold the largest market share during the forecast period. The effective performance of the global leaders and the promising performance of the application sectors in the regional market ensure a significant share of the region outperforming all other regions. A considerable number of application-specific integrated circuit manufacturers and solution providers can be found in North America. Established automobile production in Detroit is driving up demand for automotive microcontrollers. The growth of automotive manufacturing clusters in Canada is expanding improvements throughout North America.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period. Many major companies and rapidly expanding market suppliers rely on Japan and China as regional markets. The focus of these firms on R&D operations and the development of upgraded and effective market products also contributes to reasonable industry growth. Furthermore, steps launched by the Indian government to boost indigenous production of chips and other semiconductor devices may prove critical in the market's development. There are several expansion potential in India, as well as a comprehensive market landscape in far eastern countries.
Key players in the market
Some of the key players profiled in the Integrated Circuit Market include Analog Devices, Inc., Samsung, NVIDIA, STMicroelectronics N.V., Texas Instruments, Inc., Infineon Technologies AG, NXP Semiconductors N.V., SK Hynix, Avago Technologies, Intel Corporation, Qualcomm Technologies, Inc., Toshiba Electronic Devices & Storage Corporation, AMI Semiconductor and Micron Technology, Inc.
Key Developments:
In August 2021, Analog Devices, Inc. (ADI) announced the completion of its previously announced acquisition of Maxim Integrated Products, Inc. The combination is expected to strengthen other ADI’s position as a high-performance analog semiconductor company.
Types Covered:
• Mixed-Signal IC
• Digital IC
• Analog IC
Product Types Covered:
• Application-Specific IC
• General-Purpose IC
End Users Covered:
• IT & Telecommunications
• Consumer Electronics
• Manufacturing and Automation
• Automotive
• Other End users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Integrated Circuit Market, By Type
5.1 Introduction
5.2 Mixed-Signal IC
5.3 Digital IC
5.4 Analog IC
6 Global Integrated Circuit Market, By Product Type
6.1 Introduction
6.2 Application-Specific IC
6.3 General-Purpose IC
7 Global Integrated Circuit Market, By End Users
7.1 Introduction
7.2 IT & Telecommunications
7.3 Consumer Electronics
7.4 Manufacturing and Automation
7.5 Automotive
7.6 Other End Users
8 Global Integrated Circuit Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Analog Devices, Inc.
10.2 Samsung
10.3 NVIDIA
10.4 STMicroelectronics N.V.
10.5 Texas Instruments, Inc.
10.6 Infineon Technologies AG
10.7 NXP Semiconductors N.V.
10.8 SK Hynix
10.9 Avago Technologies
10.10 Intel Corporation
10.11 Qualcomm Technologies, Inc.
10.12 Toshiba Electronic Devices & Storage Corporation
10.13 AMI Semiconductor
10.14 Micron Technology, Inc
List of Tables
1 Global Integrated Circuit Market Outlook, By Region (2020-2028) ($MN)
2 Global Integrated Circuit Market Outlook, By Type (2020-2028) ($MN)
3 Global Integrated Circuit Market Outlook, By Mixed-Signal IC (2020-2028) ($MN)
4 Global Integrated Circuit Market Outlook, By Digital IC (2020-2028) ($MN)
5 Global Integrated Circuit Market Outlook, By Analog IC (2020-2028) ($MN)
6 Global Integrated Circuit Market Outlook, By Product Type (2020-2028) ($MN)
7 Global Integrated Circuit Market Outlook, By Application-Specific IC (2020-2028) ($MN)
8 Global Integrated Circuit Market Outlook, By General-Purpose IC (2020-2028) ($MN)
9 Global Integrated Circuit Market Outlook, By End Users (2020-2028) ($MN)
10 Global Integrated Circuit Market Outlook, By IT & Telecommunications (2020-2028) ($MN)
11 Global Integrated Circuit Market Outlook, By Consumer Electronics (2020-2028) ($MN)
12 Global Integrated Circuit Market Outlook, By Manufacturing and Automation (2020-2028) ($MN)
13 Global Integrated Circuit Market Outlook, By Automotive (2020-2028) ($MN)
14 Global Integrated Circuit Market Outlook, By Other End Users (2020-2028) ($MN)
15 North America Integrated Circuit Market Outlook, By Country (2020-2028) ($MN)
16 North America Integrated Circuit Market Outlook, By Type (2020-2028) ($MN)
17 North America Integrated Circuit Market Outlook, By Mixed-Signal IC (2020-2028) ($MN)
18 North America Integrated Circuit Market Outlook, By Digital IC (2020-2028) ($MN)
19 North America Integrated Circuit Market Outlook, By Analog IC (2020-2028) ($MN)
20 North America Integrated Circuit Market Outlook, By Product Type (2020-2028) ($MN)
21 North America Integrated Circuit Market Outlook, By Application-Specific IC (2020-2028) ($MN)
22 North America Integrated Circuit Market Outlook, By General-Purpose IC (2020-2028) ($MN)
23 North America Integrated Circuit Market Outlook, By End Users (2020-2028) ($MN)
24 North America Integrated Circuit Market Outlook, By IT & Telecommunications (2020-2028) ($MN)
25 North America Integrated Circuit Market Outlook, By Consumer Electronics (2020-2028) ($MN)
26 North America Integrated Circuit Market Outlook, By Manufacturing and Automation (2020-2028) ($MN)
27 North America Integrated Circuit Market Outlook, By Automotive (2020-2028) ($MN)
28 North America Integrated Circuit Market Outlook, By Other End Users (2020-2028) ($MN)
29 Europe Integrated Circuit Market Outlook, By Country (2020-2028) ($MN)
30 Europe Integrated Circuit Market Outlook, By Type (2020-2028) ($MN)
31 Europe Integrated Circuit Market Outlook, By Mixed-Signal IC (2020-2028) ($MN)
32 Europe Integrated Circuit Market Outlook, By Digital IC (2020-2028) ($MN)
33 Europe Integrated Circuit Market Outlook, By Analog IC (2020-2028) ($MN)
34 Europe Integrated Circuit Market Outlook, By Product Type (2020-2028) ($MN)
35 Europe Integrated Circuit Market Outlook, By Application-Specific IC (2020-2028) ($MN)
36 Europe Integrated Circuit Market Outlook, By General-Purpose IC (2020-2028) ($MN)
37 Europe Integrated Circuit Market Outlook, By End Users (2020-2028) ($MN)
38 Europe Integrated Circuit Market Outlook, By IT & Telecommunications (2020-2028) ($MN)
39 Europe Integrated Circuit Market Outlook, By Consumer Electronics (2020-2028) ($MN)
40 Europe Integrated Circuit Market Outlook, By Manufacturing and Automation (2020-2028) ($MN)
41 Europe Integrated Circuit Market Outlook, By Automotive (2020-2028) ($MN)
42 Europe Integrated Circuit Market Outlook, By Other End Users (2020-2028) ($MN)
43 Asia Pacific Integrated Circuit Market Outlook, By Country (2020-2028) ($MN)
44 Asia Pacific Integrated Circuit Market Outlook, By Type (2020-2028) ($MN)
45 Asia Pacific Integrated Circuit Market Outlook, By Mixed-Signal IC (2020-2028) ($MN)
46 Asia Pacific Integrated Circuit Market Outlook, By Digital IC (2020-2028) ($MN)
47 Asia Pacific Integrated Circuit Market Outlook, By Analog IC (2020-2028) ($MN)
48 Asia Pacific Integrated Circuit Market Outlook, By Product Type (2020-2028) ($MN)
49 Asia Pacific Integrated Circuit Market Outlook, By Application-Specific IC (2020-2028) ($MN)
50 Asia Pacific Integrated Circuit Market Outlook, By General-Purpose IC (2020-2028) ($MN)
51 Asia Pacific Integrated Circuit Market Outlook, By End Users (2020-2028) ($MN)
52 Asia Pacific Integrated Circuit Market Outlook, By IT & Telecommunications (2020-2028) ($MN)
53 Asia Pacific Integrated Circuit Market Outlook, By Consumer Electronics (2020-2028) ($MN)
54 Asia Pacific Integrated Circuit Market Outlook, By Manufacturing and Automation (2020-2028) ($MN)
55 Asia Pacific Integrated Circuit Market Outlook, By Automotive (2020-2028) ($MN)
56 Asia Pacific Integrated Circuit Market Outlook, By Other End Users (2020-2028) ($MN)
57 South America Integrated Circuit Market Outlook, By Country (2020-2028) ($MN)
58 South America Integrated Circuit Market Outlook, By Type (2020-2028) ($MN)
59 South America Integrated Circuit Market Outlook, By Mixed-Signal IC (2020-2028) ($MN)
60 South America Integrated Circuit Market Outlook, By Digital IC (2020-2028) ($MN)
61 South America Integrated Circuit Market Outlook, By Analog IC (2020-2028) ($MN)
62 South America Integrated Circuit Market Outlook, By Product Type (2020-2028) ($MN)
63 South America Integrated Circuit Market Outlook, By Application-Specific IC (2020-2028) ($MN)
64 South America Integrated Circuit Market Outlook, By General-Purpose IC (2020-2028) ($MN)
65 South America Integrated Circuit Market Outlook, By End Users (2020-2028) ($MN)
66 South America Integrated Circuit Market Outlook, By IT & Telecommunications (2020-2028) ($MN)
67 South America Integrated Circuit Market Outlook, By Consumer Electronics (2020-2028) ($MN)
68 South America Integrated Circuit Market Outlook, By Manufacturing and Automation (2020-2028) ($MN)
69 South America Integrated Circuit Market Outlook, By Automotive (2020-2028) ($MN)
70 South America Integrated Circuit Market Outlook, By Other End Users (2020-2028) ($MN)
71 Middle East & Africa Integrated Circuit Market Outlook, By Country (2020-2028) ($MN)
72 Middle East & Africa Integrated Circuit Market Outlook, By Type (2020-2028) ($MN)
73 Middle East & Africa Integrated Circuit Market Outlook, By Mixed-Signal IC (2020-2028) ($MN)
74 Middle East & Africa Integrated Circuit Market Outlook, By Digital IC (2020-2028) ($MN)
75 Middle East & Africa Integrated Circuit Market Outlook, By Analog IC (2020-2028) ($MN)
76 Middle East & Africa Integrated Circuit Market Outlook, By Product Type (2020-2028) ($MN)
77 Middle East & Africa Integrated Circuit Market Outlook, By Application-Specific IC (2020-2028) ($MN)
78 Middle East & Africa Integrated Circuit Market Outlook, By General-Purpose IC (2020-2028) ($MN)
79 Middle East & Africa Integrated Circuit Market Outlook, By End Users (2020-2028) ($MN)
80 Middle East & Africa Integrated Circuit Market Outlook, By IT & Telecommunications (2020-2028) ($MN)
81 Middle East & Africa Integrated Circuit Market Outlook, By Consumer Electronics (2020-2028) ($MN)
82 Middle East & Africa Integrated Circuit Market Outlook, By Manufacturing and Automation (2020-2028) ($MN)
83 Middle East & Africa Integrated Circuit Market Outlook, By Automotive (2020-2028) ($MN)
84 Middle East & Africa Integrated Circuit Market Outlook, By Other End Users (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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