Integrated Circuits

iCrowdNewswire   Jan 27, 2021  2:00 AM ET

Integrated Circuits Market: adds “Global Integrated Circuits Market Research Report 2021 Analysis and Forecast 2027” reports to its database.

Executive Summary

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.

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.


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