With a CAGR of 12.8%, the IC market size is worth USD 1136.98 billion in 2028

The companies profiled in the Integrated Circuits market research report are SAMSUNG, Intel Corporation, Qualcomm Technologies, Inc., Toshiba Electronic Devices & Storage Corporation, Texas Instruments, AMI Semiconductor, SK Hynix, NVIDIA, Micron Technology, Inc. , Avago Technologies

Pune, India, April 20, 2022 (GLOBE NEWSWIRE) — The world integrated circuit market the size was valued at USD 437.71 billion in 2020. The market is expected to grow from USD 489.31 billion in 2021 to $1,136.98 billion by 2028 at a CAGR of 12.8% over the forecast period. Fortune Business Insights™ has deepened this insight in its latest research report, titled “Integrated Circuits Market, 2021-2028”.

According to the analysis, the trend of 5G networks will be pronounced in advanced and emerging economies. Industry players are likely to inject funds into Advanced Driver Assistance System (ADAS) to expand their penetration into untapped areas. While the development of advanced technologies will propel the outlook for the industry, the rampant COVID-19 pandemic may discourage growth prospects.

Development of key industry

June 2021: Intel acquired GlobalFoundries Inc. for approximately $30 billion. The strategic deal helped Intel bolster its chip manufacturing portfolio.

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Report scope and segmentation

Report cover

Details

Forecast period

2021 to 2028

Forecast Period 2021 to 2028 CAGR

12.8%

2028 value projection

$1136.98 billion

base year

2020

IC market size in 2020

$437.71 billion

Historical data for

2017 to 2019

Number of pages

120

Segments Covered

Product type, application and geography

Integrated Circuits Market Growth Drivers

Drop in construction activity to slow industry growth

The type of product, the application and the region are studied

Exponential increase in smartphone penetration to support growth

North America will offer promising opportunities with growing automotive footprint

The increased use of next-generation mobile networks, such as 4G and 5G, requires the installation of new infrastructure. Chipsets such as radio frequency ICs, system-on-chips, application-specific ICs, cellular ICs, and millimeter wave ICs are mainly used in the development of 5G infrastructure, which creates strong demand for integrated circuits.

Drop in construction activity to slow industry growth

Stakeholders are preparing to overcome the challenges arising from the COVID-19 pandemic following the drop in construction activities. Above all, the interior design sector has also experienced a setback, prompting companies to redefine their strategies. Additionally, the gap between supply and demand in the semiconductor sector has clouded the outlook for the industry.

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segments

The type of product, the application and the region are studied

Based on product type, the market is segmented into memory, logic, analog, and micro.

In terms of application, the industry is fragmented into mobile phones/tablets, standard PCs, Internet of Things (IoT), automotive, TVs/set-top boxes, servers, game consoles, etc.

Based on region, the market is divided into North America, Asia-Pacific, Europe, South America, Middle East & Africa.

Report cover

The report digs deep into both top-down and bottom-up approaches to offer a strategic insight into the product mapping of emerging players and well-established companies. In addition, primary sources, including interviews with key stakeholders and opinion leaders, were also used in writing the report. The report includes secondary sources, such as SEC filings, press releases, and website reports, supporting the veracity of the report. The report includes qualitative and quantitative analysis to provide a comprehensive view of the global market.

Drivers and Restrictions

Exponential increase in smartphone penetration to support growth

Industry players are expected to tap into the markets of emerging economies following the trend of smartphones. IC manufacturers are looking for opportunities and could inject funds into the landscape. The IC market share will follow an upward growth trajectory owing to semiconductor sales. According to the Semiconductor Industry Association (SIA), growth of around 24% was seen in global semiconductor sales in October 2021. Additionally, the growing footprint of 5G services is expected to contribute to the growth of the industry. .

Reduced chances of repair, as well as rising maintenance costs, are expected to hurt business prospects.

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Regional outlook

North America will offer promising opportunities with growing automotive footprint

IC manufacturers are expected to see an upward trend in the United States and Canada on the back of growth in the automotive sector. Well-established car manufacturers are ready to seek out microcontrollers, thereby contributing to regional growth. The North America market size was valued at USD 192.38 billion in 2020 and will witness a similar trend during the forecast period.

Asia-Pacific should emerge as a lucrative region with China, India and Japan leading the way. The presence of leading companies and booming sales of IoT-integrated home maintenance equipment bode well for the business outlook. Industry players are likely to explore potential opportunities from research and development activities.

Major players are likely to expand their presence across Europe as end users continue to show interest in smart connectivity and integrated IoT operation. The growth of the European IC market will be noticeable with the growing footprint of laptops, smart desktops and tablets. Industry players will likely focus on producing sophisticated and state-of-the-art integrated circuits.

Key Players Featured in the Report:

  • SAMSUNG (Suwon-si, South Korea)

  • Intel Corporation (California, USA)

  • Qualcomm Technologies, Inc. (California, USA)

  • Toshiba Electronic Devices & Storage Corporation (Tokyo, Japan)

  • Texas Instruments (Texas, USA)

  • AMI Semiconductor (Idaho, USA)

  • SK Hynix (Gyeonggi-do, South Korea)

  • NVIDIA (California, USA)

  • Micron Technology, Inc. (Idaho, USA)

  • Avago Technologies (Broadcom) (California, USA)

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Main table of contents:

  • Introduction

  • Summary

  • Market dynamics

    • Macro and micro economic indicators

    • Drivers, constraints, opportunities and trends

    • Impact of COVID-19 on the Integrated Circuit Market

      • Short term impact

      • Long term impact

  • Competition landscape

    • Business strategies adopted by key players

    • Consolidated SWOT analysis of key players

    • Porter’s Five Forces Analysis

    • Global Integrated Circuits Market Share Analysis and Matrix, 2020

  • Key market insights and strategic recommendations

  • Global Integrated Circuits Market Analysis, Outlook and Forecast (Quantitative), by Segments, 2017-2028

    • By product type (USD)

    • Per app (USD)

      • Standard PCs

      • Cellphones / Tablets

      • Automotive

      • Internet of Things (IoT)

      • Waiters

      • Televisions / Decoder

      • Game consoles

      • Others

    • By geography (USD)

      • North America

      • Europe

      • Asia Pacific

      • Middle East and Africa

      • South America

  • North America Integrated Circuits Market Analysis, Outlook and Forecast (Quantitative), by Segments, 2017-2028

    • By product type (USD)

    • Per app (USD)

      • Standard PCs

      • Cellphones / Tablets

      • Automotive

      • Internet of Things (IoT)

      • Waiters

      • Televisions / Decoder

      • Game consoles

      • Others

    • By country (USD)

TOC Continued…!

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