What is the present valuation and projected CAGR of the integrated circuits market?
The integrated circuits market size has grown rapidly in recent years. It will grow from $401.81 billion in 2024 to $446.8 billion in 2025 at a compound annual growth rate (CAGR) of 11.2%. The growth in the historic period can be attributed to economic conditions, regulatory environment, demographics, competitive landscape.
The integrated circuits market size is expected to see rapid growth in the next few years. It will grow to $661.12 billion in 2029 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to customer expectations, climate change and natural disasters, esg (environmental, social, and governance) factors, health and wellness trends, insurance distribution channels, remote work and digital operations. Major trends in the forecast period include technology adoption, insurtech integration, data analytics and ai, customer-centric focus, product diversification, partnerships and alliances.
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What key drivers have fueled the integrated circuits market’s development over the years?
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, in August 2022, according to the report published by the Health Sector Cybersecurity Coordination Center (HC3), a US-based division of the United States Department of Health and Human Services’ Cybersecurity Program, approximately 7 billion devices were connected through the Internet of Things (IoT) in 2022, and it was estimated that devices using this technology would increase by 20 billion more by 2025. 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.
What is the segmentation for 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 most influential companies 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.
How will evolving trends contribute to the growth of the integrated circuits market?
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.
What are the key regional dynamics of the integrated circuits market, and which region leads in market share?
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
What Does The Integrated Circuits Market Report 2025 Offer?
The integrated circuits market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
An integrated circuit (IC) is a semiconductor device that combines various electronic components, such as transistors, resistors, and capacitors, into a single chip. This miniaturization enhances functionality while reducing size, cost, and power consumption, making integrated circuits essential in modern electronics, from smartphones to industrial machinery.
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