Next Generation IC Market Size Expected to Reach USD 3,157.9 Million in 2030 | Strong demand from Asia-Pacific
Market size – USD 743.8 million in 2020, market growth – at a CAGR of 15.3%, market trend – high demand from Asia-Pacific
— Emerging research
VANCOUVER, BC, CANADA, June 20, 2022 /EINPresswire.com/ — The global next-generation IC market size is expected to reach USD 3,157.9 million in 2030 and register a CAGR of 15.3% over the period. forecast, according to the latest analysis by Emergen Research. Growing demand for next-generation ICs in smartphones and other smart devices, and heavy investments in advanced driver assistance systems by leading market players are driving the market revenue growth.
Next-generation IC is a type of IC made of advanced materials and components, to improve power efficiency, convenience, security features, and functionality. VLSI, for example, reduces circuit size, increases device cost-effectiveness, and improves performance in terms of circuit operating speed. These advantages increase the reliability of next-generation integrated circuits and make them an ideal component for a variety of electronic devices.
Various industries, sectors, and businesses are using next-generation ICs to improve the reliability, consistency, and other benefits provided by these circuits, and as a result, the next-generation ICs market revenue is growing rapidly. Integration with IoT devices, along with a wide range of applications, is currently driving the revenue growth of the global market.
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Some of the major factors that are expected to hamper the market revenue growth include design complexity, flexibility, and limited power dissipation. Moreover, if a single component of an integrated circuit fails, the entire circuit must be replaced and, moreover, the amount of electricity produced is limited, which requires an extension. The most significant obstacles to the growth of the next-generation IC market are the lack of supply and the increase in the initial cost of the products. Despite all these drawbacks, various advantages and advantages of next-generation ICs are expected to drive their adoption over the forecast period.
Some of the key players operating in the Next Generation Integrated Circuits Market research report are:
Allied Electronics & Automation, DERF Electronics Corp., Mouser Electronics, Inc., Infineon Technologies AG, Skyworks Solutions, Inc., Analog Devices, Inc., Achronix Semiconductor Corporation, Bourns, Inc., Macronix International Co., Ltd., TDK -Micronas GmbH
The segments covered in this report are:
Product Type Outlook (Revenue, USD Million; 2018-2030)
Digital integrated circuit
Mixed-signal integrated circuit
Technical Outlook (Revenue, USD Million; 2018-2030)
Thin and thick film integrated circuit
Monolithic integrated circuit
Hybrid or multi-chip integrated circuit
Number of Components Outlook (Revenue, USD Million; 2018-2030)
Small scale integration
Very large scale of integration
Very large scale integration
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Next-Generation ICs Market Insight Study answers some of the most critical questions:
What are the main market trends?
What are the driving forces of the Next Generation Integrated Circuit market?
What are the barriers to market growth?
Who are the best providers in this space?
What are the threats and opportunities in the market for the major vendors?
What are the strengths or weaknesses of critical suppliers?
What are the future opportunities for players in the Next Generation Integrated Circuit market?
What are the major issues facing the global Next Generation Integrated Circuit market?
What does the competitive landscape look like?
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Some key aspects explored in this report are:
In January 2022, Navitas Semiconductor, the industry leader in gallium nitride (GaN) power ICs, announced the establishment of a new electric vehicle design center as part of its continued expansion into the market. higher power GaN. Compared to traditional silicon solutions, GaN-based on-board chargers are expected to charge three times faster and save up to 70% energy.
The mixed-signal ICs segment accounted for a significantly large revenue share in 2020. Majority of industries recognize the benefits of using mixed-signal ICs, which help improve reliability, lower initial costs, and reduce energy consumption. This has resulted in a strong preference for mixed-signal ICs among end-use industries, which is expected to drive the revenue growth of this segment.
The surface mount packaging segment accounted for a significantly large revenue share in 2020, due to greater preference for surface mount packaging and the benefits it offers, such as reduced component size , increased component density and improved mechanical performance under shock and vibration conditions. In addition, a lower initial cost, as well as simple and fast automated assembly, make it a popular choice among end users.
The healthcare segment accounted for a moderately large revenue share in 2020 as the demand for next-generation ICs is increasing in this industry as they help improve the performance of implanted medical devices, such as sensing, simulation and administering therapies, helping with memory storage, communication and power management.
The Asia-Pacific market is expected to witness the fastest revenue growth rate over the forecast period, owing to the presence of several established analog IC and semiconductor vendors in the region. Additionally, the growing demand for next-generation ICs across various industries, along with the emergence of smart automotive technologies, is contributing to the market revenue growth.
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Overall, the Next Generation ICs Market intelligence report infers accurate market estimations using the principles of data breakdown and triangulation to assess factors such as changing consumer inclination , existing knowledge base, market assessment and verified sources. These aspects could play a crucial role in the potential growth of the global sector.
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About Emergen Research
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Next Generation IC Market Size Worth USD 3,157.9 Million in 2030