According to a market report by Lucintel, the future of the global micro integrated circuit market looks promising with opportunities in the consumer electronic, automotive, IT & telecommunication, and manufacturing and automation end use industries. The global micro integrated circuit market is expected to reach an estimated $78.1 billion by 2028 with a CAGR of 10.0% from 2023 to 2028. The major drivers for this market are increasing adoption of the internet of things (IoT) in hybrid and electric vehicles, growing demand for cloud computing and web hosting, and increasing penetration of integrated circuits in smartphones, computers, medical equipment, and other applications.
In this market, digital IC, analog IC, and mixed-signal IC are different type segments. Lucintel forecasts that digital IC will remain the largest type segment over the forecast period owing to its low power consumption and high reliability that helps in reducing the size and weight of electronic devices while increasing their efficiency and improving their performance.
Within this market, automotive will witness the highest growth due to rising research and development activities undertaken by major players in the industry particularly in the area of advanced driver assistance systems and increasing concern towards vehicle safety and security.
APAC will witness the highest growth during the forecast period due to increasing demand for consumer electronics and autonomous vehicles in the region.
Samsung, Intel Corporation, Qualcomm Technologies, Toshiba, Texas Instruments, SK Hynix, NVIDIA, Micron Technology, and Fujitsu are the major suppliers in the global micro integrated circuit market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global micro integrated circuit market by type, end use Industry, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Micro Integrated Circuit Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global micro integrated circuit market by type, end use Industry, and region, as follows:
Micro Integrated Circuit Market by Type [Value ($B) Shipment Analysis from 2017 to 2028]:
Digital IC
Analog IC
Mixed-Signal IC
Micro Integrated Circuit Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:
Consumer Electronics
Automotive
IT & Telecommunications
Manufacturing and Automation
Others
Micro Integrated Circuit Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.
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This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the global micro integrated circuit market by type (digital IC, analog IC, and mixed-signal IC), end use industry (consumer electronics, automotive, IT & telecommunications, manufacturing and automation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity did occur in the last five years and how did they impact the industry?