Market Analysis
The global digital IC market size will touch USD 387.82 billion at a 7.64% CAGR in the forecast period 2020- 2027, states the latest Market Research Future (MRFR) analysis. The integrated circuit, simply put, is an electronic circuit array which is formed by fabrication of various electronic and electrical components such as transistors, capacitors, resistors, and others on a semiconductor wafer which performs operations that are equivalent to a large discrete electronic circuit. The integrate circuit that operates only at a few defined levels of signal amplitude are the digital ICs. They have been designed by using multiple numbers of digital logic gates, flip flops, multiplexers, and other electronic components of circuits. There are various forms of digital ICs like memory ICs, logic ICs, interface ICs, power ICs, among others. Its different components include digital signal processing system, microcontroller, microprocessor, memory (EPROM, SRAM, Flash, DRAM, and others), and others. Digital ICs are made of different raw materials such as gallium arsenide, silicon, and others. Owing to its alluring features and plentiful benefits, it has wide applications in different end use industries such as communication, consumer electronics, industrial, automotive, and others.
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Various factors are fuelling the global digital IC market growth. As per the recent MRFR market estimates, such factors include the growing need for customizable ICs for various applications, increasing automation in cars, increasing use of digital ICs in the healthcare sector in various equipment like digital X-rays and electrocardiography machines, improvements in smartphones are rising, and ongoing technological advances. The additional factors adding to the digital IC market share include rise in the trend of bring your device (BYOD), increased adoption of tablets and smartphones, growing adoption of consumer electronics, rising investments in autonomous cars, high development in the field of technology, heavy investments in the development of new products by key players, global digitization, and increasing adoption of the internet of things (IoT).
On the contrary, increased complexity, growing trend of miniaturization of electronic devices, increased engineering and R&D costs, impact of the COVID-19 pandemic, and limitations of digital ICs like complicated process and power dissipation may limit the global digital IC market growth over the forecast period.
COVID-19 Analysis
Unfortunately, the global digital IC market has faced the brunt of the COVID-19 outbreak. This is owing to several factors such as supply chain disruptions, demand share fluctuations, the economic outcomes of the pandemic, and the instant as well as future impact of the global crisis due to physical distancing trends and lockdowns imposed by the government all across the world have all affected the market growth negatively. However following relaxation of the lockdown in some parts the market is likely to return to normalcy soon.
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Market Segmentation
The MRFR report highlights an inclusive analysis of the global digital IC industry based on end user, raw material, and component.
By component, the global digital IC market is segmented into digital signal processing system, microcontroller, microprocessor, memory (EPROM, SRAM, Flash, DRAM, and others), and others. Of these, the microcontroller segment will lead the market over the forecast period.
By raw material, the global digital IC market is segmented into gallium arsenide, silicon, and others.
By end user, the global digital IC market is segmented into communication, consumer electronics, industrial, automotive, and others. Of these, consumer electronics will dominate the market over the forecast period.
Regional Analysis
Geographically, the global digital IC market is bifurcated into Europe, North America, the Asia Pacific, and Rest of the World (RoW). Of these, the APAC region will command the market over the forecast period. Increasing technological adoption coupled with huge opportunities across industry verticals in China, Japan, India, and South Korea are adding to the global digital IC market growth in the region. Besides, increasing adoption in the automotive and consumer electronics sector, strict government regulations regarding driver’s safety and security, and the presence of giant players are also adding market growth.
Key Players
The key players profiled in the global digital IC market report include Nvidia Corporation (US), MediaTek Inc. (Taiwan), Micron Technology Inc. (US), SK Hynix, Inc. (South Korea), Broadcom Ltd (Singapore), STMicroelectronics NV (Switzerland), Analog Devices Inc. (US), NXP Semiconductor NV (Netherlands), Lattice Semiconductor Corporation (US), Skyworks Solutions Inc. (US), Infineon Technologies AG (Germany), Maxim Integrated Products Inc. (US), Integrated Device Technology, Inc. (the US), Texas Instruments Inc. (US), Taiwan Semiconductor Manufacturing Co. Ltd (Taiwan), Toshiba Corporation (Japan), Qualcomm Incorporated (US), Intel Corporation (US), and Samsung Corporation (South Korea), among others.
Market Research Future Analysis
Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.
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Market Research Future published a research report on “Global System on a Chip (SoC) Market Research Report- Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.System on Chip Market - OverviewGlobally the market for system-on-chip is expected to grow from USD 131.83 billion in 2017 to USD 207.21 billion by 2023, at a compound annual growth rate (CAGR) of 8.3% during the forecast period.Major factors such as the increasing demand for smart, compact and power-efficient electronic device and rise in adoption of IoT based technologies is spurring the growth of system-on-chip market globally.
The requirement for compact and scalable ICs in the global electronic industry is expected to bring numerous opportunities, thereby supporting the growth of the system-on-chip market during the forecast period.
The market for system-on-chip has seen considerable growth due to rising applications in end-user industries, with smartphones application having the largest market share.
Industries such as telecommunication, consumer electronics, and healthcare are also leading verticals in adopting system-on-chip technology so as to improve the performance of networking devices and biomedical devices.Get Free Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/2207System-on-chip is an integrated circuit on which several electronic components are combined together such as transistors, control units, memory units, peripherals, and others, depending on the type of its application.
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SoC is an efficient way to enhance the performance of the device and helps to meet the ever-increasing computational demand.
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Furthermore, the rise in the awareness regarding cancer is anticipated to further motivate the expansion of the breast biopsy market in the forecast period.Competitive Analysis:Leading players in the global Biopsy Breast Market Procedure include Sonocine Inc., Toshiba Corporation, Gamma Medica Inc., Aurora Imaging Technology Inc., Dilon Technologies Inc., Fujifilm Holdings Corporation, Hologic Inc., Koninklijke Philips N.V., Siemens, and GE.
In September 2019, Candelis Inc. launched a new Advanced Breast Imaging Workstation as an enhancement to its ImageGrid platform.
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Market Research Future (MRFR) has published a report stating that the global Omega-3 PUFA market is marked to expand moderately by the end of 2022.
Market Drivers and Restraints:Since Omega-3 PUFA cannot be synthesized by human body, it is consumed through food that is enriched with omega-3 fatty acid.
Increasing awareness regarding the multiple health benefits of omega-3 PUFA and high demand for these ingredients in food and beverages and pharmaceutical industries are majorly propelling the growth of the global Omega-3 PUFA market.
Introduction of innovative food products that are enriched with omega-3 fatty acids in order to make their consumption more convenient for the consumers is one of the primary factors that fueling the growth of the global Omega-3 PUFA market.
Based on application, the Omega-3 PUFA market has been segmented into food & beverages, dietary supplements, pharmaceuticals, infant formula and othersRegional Analysis:Geographically, the global Omega-3 PUFA market has been segmented into North America, Europe, Asia Pacific and the rest of the world.
