With a CAGR of 15.3%, the next-generation IC market size is worth USD 3,157.9 million in 2030
Rising demand for Internet of Things (IoT) devices and rising investments from major market players are driving the next-generation IC market
VANCOUVER, BC, CANADA, April 21, 2022 /EINPresswire.com/ — Next-generation IC size is expected to reach USD 3,157.9 million in 2030 and register a CAGR of 15.3% over the forecast period, according to the latest analysis from Emerging 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.
The Next Generation Integrated Circuits Market research report contains the latest insights on product specifications and portfolio, technological advancement, product type, and manufacturing. The subject matter experts conducting the study also take a closer look at the products at their development stage and in the pipeline to help business owners conclude on the business strategies that can lower their costs and promise great returns or profits.
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Some highlights of the report
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.
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The study produces real-time data and offers ample insights about the estimated market size, growth, and share to stakeholders, field marketing personnel, and product owners who plan to multiply profitability and to reduce costs. Importantly, market intelligence research dives deep into customer preferences, spending capacity, and production volume with the aim of ensuring unparalleled customer delight. A thorough assessment of the past and future trends discussed in the report can help business owners identify any adjustments that might be needed to the existing business strategy.
The report covers the following companies-
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., and TDK-Micronas GmbH.
The report offers accurate information about market price, capacity, value, gross revenue and profit. The main objective of the report is to offer in-depth details about market size, revenue growth and overall market dynamics to readers, stakeholders and businesses to enhance their share in the global Integrated Circuits market new generation. It also provides detailed information about key drivers, restraints, limitations, challenges along with various market segmentations such as product type, application and regional bifurcation.
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Emergen Research has segmented the global next-generation IC market on the basis of product type, technique, component count, package, application, and region:
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
Component Count Outlook (Revenue, USD Million; 2018-2030)
Small scale integration
Very large scale of integration
Very large scale integration
Package Outlook (Revenue, USD Million; 2018-2030)
Through-hole mounting sets
Surface Mount Packaging
Application Outlook (Revenue, USD Million; 2018-2030)
The study segments the Next Generation IC industry on the basis of major classification such as product type, potential markets, application, and end-user. This assessment of the industry for the forecast period 2021-2030 incorporates projections relating to investment feasibility, gross margin, profit, consumption volume, production capacity and major market vendors. . Likewise, the statistics associated with the competitive landscape, the evolution of consumer behavior and purchasing power are presented and well explained using valuable resources such as tables, graphs and graphic images, which can be easily incorporated into business or corporate presentations.
Summary of key points from the report:
The report offers a comprehensive overview of the market size, share, and growth rate over the forecast duration.
It provides details of the current scenario, historical data, giving an accurate forecast of the market for the coming years.
The study categorizes the market based on product types, applications, end users, market value and volume, industry verticals, and 5 major regions.
It also offers regional market analysis and forecasts for the major geographies of the industry i.e. North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. .
Industry supply chain, sourcing strategy, upstream raw materials and downstream demand analysis have also been undertaken in the research report.
The study offers a comprehensive understanding of demand and supply dynamics, including production and consumption rates, and overall market mapping.
The report uses different analytical tools including SWOT analysis, Porter’s five forces analysis, and price analysis to provide accurate market insights.
Next Generation IC Market Regional Outlook:
The rest of Europe
Rest of APAC
Rest of LATAM
Middle East and Africa
United Arab Emirates
Rest of MEA
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