Global Integrated Market CAGR, Volume and Value 2020

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Summary – A new market study, “Integrated Circuits Global Market Report 2020 Markets Covered: 1) By Product Type: Digital IC; Analog IC; Mixed-Signal IC; 2) By Application: Automotive; Industrial; Consumer Electronics; IT & Telecommunication; Health Care; Aerospace & Defense; Others Companies Mentioned: Intel Corporation; Texas Instruments; Analog Devices; STMicroelectronics; NXP ”has been featured on WiseGuyReports.
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In March 2018, the Microchip Technology, an American based manufacturer of microcontroller, mixed-signal, and integrated circuits acquired Microsemi Corporation for a deal amount of $8.35 billion. With this acquisition, Microchip Technology can enhance their product portfolio and increase its position in computing, communications, and wireless systems applications. Microsemi Corporation, offers a comprehensive portfolio of semiconductor and system solutions for communications, defense & security, aerospace and industrial markets.
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, according to the Gartner Symposium, there will be 25 billion internet-connected devices by 2021. Each of these devices will require ICs that contain embedded technology to communicate and sense or interact with the environment. Therefore, increasing the adoption of IoT devices will increase the demand for ICs and hence it is expected to drive the integrated circuits market.
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The integrated circuits market consists of sales of integrated circuits and related services that are used in various applications such as automobiles, telecommunication, aerospace and defense, and consumer electronics. Integrated circuit is a small chip that acts as an amplifier, an oscillator, a timer, and a memory computer. Integrated circuit is a small wafer that can accommodate hundreds to millions of transistors, resistors and capacitors.
The global integrated circuits market was worth $412.3 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 5.09% and reach $502.94 billion by 2023.
The integrated circuits market covered in this report is segmented by product type into digital IC, analog IC and mixed-signal IC. It is also segmented by application into automotive, industrial, consumer electronics, IT & telecommunication, health care, aerospace & defense and others.
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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 expected to rise the revenue of semiconductors from US$422.8 billion in 2019 to US$448 billion in 2020.
Major players in the market are Intel Corporation, Texas Instruments, Analog Devices, STMicroelectronics, NXP, ON Semiconductor, Micron, Toshiba, Broadcom and Qualcomm.
Complexity in the design of automotive integrated circuits acts as a major challenge in the integrated circuits market. The structure chain of automotive IC is complex when compared to mobile phones, electronic home appliances, such as televisions and remote controllers. It makes difficult to develop highly reliable automotive ICs. For instance, consumers are demanding more automotive capability, car safety and high-reliability requirement and semiconductors play a major part in these innovative solutions. Many of the semiconductors now part of Advanced Driver Assistance Systems (ADAS) are critical to the vehicle's function and safety where faults cannot be tolerated. Therefore, complex designing of highly reliable automotive ICs hinders the market’s growth.
Integrated Circuits Global Market Report 2020 from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global integrated circuits market.

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Description:
Where is the largest and fastest growing market for the integrated circuits ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Integrated Circuits market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider integrated circuits market, and compares it with other markets.
• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market and forecasting the future. Drivers and restraints looks at the external factors supporting and controlling the growth of the market.
• Market segmentations break down market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers all the regions, key developed countries and major emerging markets. It draws comparisons with country populations and economies to understand the importance of the market by country and how this is changing.
• Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section highlights the likely future developments in the market and suggests approaches companies can take to exploit this.
• The integrated circuits market section of the report gives context. It compares the integrated circuits market with other segments of the integrated circuits market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, integrated circuits indicators comparison.
Scope
Markets Covered: 1) By Product Type: Digital IC; Analog IC; Mixed-Signal IC; 2) By Application: Automotive; Industrial; Consumer Electronics; IT & Telecommunication; Health Care; Aerospace & Defense; Others
Companies Mentioned: Intel Corporation; Texas Instruments; Analog Devices; STMicroelectronics; NXP
Countries: Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA and Australia
Regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Time series: Five years historic and forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, per capita expenditure.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

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