Digital IC Market Size
A new market study, titled “Digital IC Market Size ” has been featured on Market Research Future.
The global digital IC (integrated circuit) market 2020 is noticing high valuation to USD 387.82 billion by 2023, as it was USD 249.37 billion in 2017. These figures are confirmed after a detailed study conducted by Market Research Future experts. The study also states that the valuation will be gathering over a decent growth rate of 7.64% in the course of years from 2018 to 2023 (forecast period). The report also depicts the market it holds considerable potential to expand in the future as many factors are working in favor of it globally.
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Growth Boosters and Key Challenges
The global digital IC market forecast by the MRFR study reveals the top growth boosters to be growing demand for customizable ICs in various applications. The usage of applications in different automotive systems have rollout the market in terms of fuel injection, stability control function, air sensing, crash bag, head units, and audio amplifiers in automobiles. In this context, the growing automation is also becoming impactful in the zone of customizable ICs, thus benefitting the digital IC market dynamically.
The market is also getting a considerable boost from the healthcare sector, where the applications of ICs in equipment such as electrocardiography machines and digital X-rays are observed. In the world of the Internet of Things (IoT), ICs play a pivotal role in the development and progress of the digital IC market, as it is mostly used in a wide range of systems, sensors, and objects.
The most valuable aspect of the market is that the digital IC has its advantages, inevitably expected in transforming traditional audio platform from analog to digital. This conclusively expects to fuel the growth of the global digital audio IC market in the assessment period. The advent of enhancements in smartphones has observed to be rising owing to the ongoing technological advancements that have set the growing demand for it further sets a positive impact on the demand of NAND Flash memory IC, DSP, logic ICs, and more. Coupling with the rise of the bring your device (BYOD) trend and a substantial increase in the adoption of tablets have eventually led to the increased demand for memory ICs, which is profoundly contributing to the digital IC market.
Most importantly, the expansion of smart cities is considered the most lucrative opportunity for the digital IC market that resulted in positive growth in the market since the latest years. The need for an IoT network in the process of development of a smart city comprised of microcontroller units (MCUs), diverse ICs such as communication ICs and power ICs and sensors added with an extensive software. The usage of digital ICs in the smart city thus enables access to a range of networks offering applications that provide extraordinary efficiency for services. All these factors have tremendously contributed to the global digital IC market’s growth for the forecast period.
Market Segmentation
The global digital IC market study and its research identify the primary segments that are included as a component, raw material, and end-user.
Depending upon the component segment, the market includes Microprocessor, memory (DRAM, Flash, SRAM, EPROM, and others), digital signal processing system, microcontroller, and others.
Depending upon the raw material segment, the market includes gallium arsenide, silicon, and others.
Depending upon the end-user, the market includes industrial, automotive, communication, consumer electronics, and others.
Regional Framework
Europe, North America, Asia-Pacific, and the rest of the world are the crucial regions where the study of the global digital IC market is conducted to understand more about dynamics.
Asia-Pacific is the most lucrative market that occupied the largest market share back in 2017 and currently is expected to register a high CAGR during the forecast period. The growth of the market is generally attributed to the demand for digital ICs in consumer electronics and the automotive sector that has been snowballing, owing to stringent government regulations in consideration of the safety and security of drivers. The presence of giant players has made this region more opportunistic, thus resulting in fueling the growth of the market. North America, back in 2017, was the second-largest market, whereas Europe is also in the line of inflating in the forecast period owing to the flourishing automotive IC segment.
Top Companies
Globally renowned vital players of digital integrated circuit (IC) market are listed as Intel Corporation (US), Samsung Corporation (South Korea), Toshiba Corporation (Japan), Qualcomm Incorporated (US), Texas Instruments Inc. (US), STMicroelectronics NV (Switzerland), Taiwan Semiconductor Manufacturing Co. Ltd (Taiwan), Skyworks Solutions Inc. (US), Infineon Technologies AG (Germany), Micron Technology Inc. (US), Lattice Semiconductor Corporation (US), Maxim Integrated Products Inc. (US), Analog Devices Inc. (US), MediaTek Inc. (Taiwan), Integrated Device Technology, Inc. (the US), Broadcom Ltd (Singapore), NXP Semiconductor NV (Netherlands), SK Hynix, Inc. (South Korea), and Nvidia Corporation (US).
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Digital IC Market SizeThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Digital IC Market Size.
The growth sectors of the Digital IC Market Size are identified with precision for a better growth perspective.According to Market Research Future Analysis, Digital IC market is expected to reach USD 387.82 billion by the end of 2023 with 7.64% CAGR during forecast period 2017-2023The digital IC market is growing rapidly.
High development in the field of technology and heavy investment in the development of new product by the key players is driving the global market whereas the major challenge identified in the market is miniaturization of electronic devices.
For the purpose of this study, the global digital IC market has been segmented on the basis of component, Raw Material, End-User and region.On the basis of Component, memory market is dominating the digital IC market with market share of 46.50% and is expected to grow with 8.97% of compound annual growth rate.
On the basis of Raw Material, use of Silicon in manufacturing of digital ICs is high and is expected to grow with 8.07% of CAGR.
On the basis of End-User, the consumer electronics industry is dominating the digital IC market and is expected to grow with 9% of CAGR.On the basis of regions, Asia-Pacific is dominating the digital IC market and has also emerged as fastest growing market with 8.55% of compound annual growth rate.The prominent players in the market of Digital IC market are – Samsung Corporation (South Korea), Intel Corporation (U.S.), Qualcomm Incorporated (U.S.), Toshiba Corporation (Japan), Taiwan Semiconductor Manufacturing (Taiwan), Texas Instruments Inc (U.S.), Integrated Device Technology, Inc (U.S.), Maxim Integrated Products Inc (U.S.),Infineon Technologies Ag (Germany), Skyworks Solutions, Inc (U.S.), Lattice Semiconductor Corporation (U.S.), NXP Semiconductors N.V. (Netehrlands), Analog Devices, Inc.(U.S.), STMicroelectronics NV (Switzerland) , Broadcom Ltd (U.S.), SK Hynix, Inc (South Korea), Micron Technology Inc (U.S.), MediaTek Inc (Taiwan), and Nvidia Corporation (U.S.) among others.Global Digital IC Market StructureBy ComponentMemoryMicroprocessorMicrocontrollerDigital Signal Processing SystemOthersBy Raw materials SiliconGallium ArsenideOthersBy End-usersAutomotiveIndustrialConsumer ElectronicsCommunicationOthersMore Information@Digital IC Market by Share, Size, Growth and Forecast – 2023 | MRFRDigital IC Market is likely to grow at USD 387.82 billion by 2023, at a CAGR of 7.64% over 2023,…Read on marketresearchfuture.comAbout Market Research Future:At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.Contact:Market Research Future+1 646 845 9312Email: [email protected]
Digital IC Market Share The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Digital IC Market Share.
The growth sectors of the Digital IC Market Share are identified with precision for a better growth perspective.The integrated circuit is an electronic circuit array that is formed by fabrication of different electrical and electronic components like resistors, capacitors, transistors and others on a semiconductor wafer that performs operations equivalent to a large discrete electronic circuit.
FREE PDF@ https://www.marketresearchfuture.com/sample_request/4344The integrate circuit that operates only at a few defined levels of signal amplitude are the digital ICs.
These digital ICs are designed by using multiple number of digital logic gates, multiplexers, flip flops and other electronic components of circuits.
High development in the field of technology and heavy investment in the development of new product by the key players is driving the global market whereas the major challenge identified in the market is miniaturization of electronic devices.
For the purpose of this study, the global digital IC market has been segmented on the basis of component, Raw Material, End-User and region.The global Digital IC market is expected to grow at USD 387.82 million by the end of year 2023 with 7.64% CAGR during forecast period 2017-2023.The prominent players in the market of Digital IC market are – Samsung Corporation (South Korea), Intel Corporation (U.S.), Qualcomm Incorporated (U.S.), Toshiba Corporation (Japan), Taiwan Semiconductor Manufacturing (Taiwan), Texas Instruments Inc (U.S.), Integrated Device Technology, Inc (U.S.), Maxim Integrated Products Inc (U.S.),Infineon Technologies Ag (Germany), Skyworks Solutions, Inc (U.S.), Lattice Semiconductor Corporation (U.S.), NXP Semiconductors N.V. (Netehrlands), Analog Devices, Inc.(U.S.), STMicroelectronics NV (Switzerland) , Broadcom Ltd (U.S.), SK Hynix, Inc (South Korea), Micron Technology Inc (U.S.), MediaTek Inc (Taiwan), and Nvidia Corporation (U.S.) among others.
Market ScenarioThe demand for customizable ICs is a major factor driving the digital IC market.
The focus of IC manufacturers towards product innovation have given rise to the customized ICs.
These ICs are generally application specific ICs, they can be modified as per the product demand.The customizable ICs can be used in different systems such as the systems that have rollover and stability control, fuel injection, crash bag and air sensing, head units and audio amplifiers in automobiles.
Apart from it, healthcare sector also uses these ICs in various equipment’s.
Therefore, the innovation of customizable ICs is contributing to the digital IC market.Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/4344The digital IC market is growing rapidly.
High development in the field of technology and heavy investment in the development of new product by the key players is driving the global market whereas the major challenge identified in the market is miniaturization of electronic devices.
The emarketresearch.us has recently released a report, Digital Potentiometer IC submitted.
The report provides this sector with a detailed analysis of potential trends, opportunities, and risks.
The study also focuses on Digital Potentiometer IC industry top players, the wide range of products, product types, and so on.
This study addresses market enhancement and development during the period 2019-2024.
The study functions internationally and is divided across the globe by requirements, form of product, and regions.Important areas of the report:The report includes information from leading market players to evaluate the industry, such as company mug shot, contact details, product selection, production and consumption figures, sales, revenue, market positions, etc.
A SWOT analysis examines various fundamental aspects of the business, including its strengths, weaknesses and potential opportunities and challenges.- Historical, present, and Digital Potentiometer IC market evaluation forecast for major and emerging business contestants across different regions.- Inspects top Digital Potentiometer IC players growth plans, business practices, market size, revenue, and revenues.- Studies key factors such as business risks, users, and measurement of maturity.- Provides detailed understanding and competitive development of the new product launch activities, mergers, and acquisitions.Request Digital Potentiometer IC market Report Sample Copy Here: http://emarketresearch.us/global-digital-potentiometer-ic-market/#Request-SampleThe top Digital Potentiometer IC industry players are:Analog DeviceTexas InstrumentsMicrochipAmsON SemiconductorMaximIntersilVishayParallaxThe market is segmented into below points:Market by Type/Products:8-bit6-bit7-bit10-bitMarket by Application/End-Use:Home AppliancesCommunication ProductsInstrumentationAutomotive ProductsMarket Segment by Regions, regional analysis coversNorth America (USA, Canada, and Mexico)Europe (Germany, France, UK, Russia, and Italy)Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)South America (Brazil, Argentina, Columbia, etc.
