Product ID: UCMIG45O2014
Integrated Circuit Market Size, Share, Growth Analysis, By Product Type(Logic, Memory), By Application(Standard PCs, Cellphones/Tablets), By Region(North America, Europe) - Industry Forecast 2024-2031
Report ID:
UCMIG45O2014 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Integrated Circuit Market Insights
Market Overview:
The global integrated circuit market was worth USD 437.71 billion in 2020 and is expected to increase from USD 489.31 billion in 2021 to USD 1,136.98 billion in 2028, with a CAGR of 12.8% during 2021-2028. The global COVID-19 pandemic had a negative impact on demand for integrated circuits across all regions. According to our analysis, the global market's growth rate decreased to 9.2% in 2020 compared to the average year-on-year growth rate during 2016-2019. However, The Internet of Things (IoT), cloud computing, and big data are among the recent technologies that are likely to change the course of integrated circuit technology.
Integrated Circuit Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Semiconductors by segment aggregation, the contribution of the Semiconductors in Semiconductors & Semiconductor Equipment and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Integrated Circuit Market Report Snapshots
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