The Business Research Company’s Integrated Circuits Global Market Report 2021: COVID-19 Impact And Recovery
LONDON, GREATER LONDON, UK, September 15, 2021 /EINPresswire.com/ — According to the new market research report ‘Integrated Circuits Global Market Report 2021: COVID-19 Impact And Recovery’ published by The Business Research Company, the integrated circuits market is expected to grow from $360.27 billion in 2020 to $391.58 billion in 2021 at a compound annual growth rate (CAGR) of 8.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $468.43 billion in 2025 at a CAGR of 5%. The increasing adoption of the Internet of Things (IoT) is expected to drive the integrated circuits (ICs) market in the forecast period.
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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.
Trends In The Global Integrated Circuits Market
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 millimetre-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.
Global Integrated Circuits Market Segments:
The global integrated circuits market is further segmented based on product type, application, type and geography.
By Product Type: Digital IC, Analog IC, Mixed-Signal IC
By Application: Automotive, Industrial, Consumer Electronics, IT & Telecommunication, Health Care, Aerospace & Defense, Others
By Type: General-purpose IC, Application-specific IC
By Geography: The global integrated circuits market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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Integrated Circuits Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides integrated circuits market overviews, analyzes and forecasts market size and growth for the global integrated circuits market, integrated circuits market share, integrated circuits market players, integrated circuits market segments and geographies, integrated circuits market’s leading competitors’ revenues, profiles and market shares. The integrated circuits market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Integrated Circuits Market Organizations Covered: Intel Corporation, Texas Instruments, Analog Devices, STMicroelectronics, NXP, ON Semiconductor, Micron, Toshiba, Broadcom, Qualcomm, Maxim Integrated, ALBIC, Cypress, Microchip, IDT, Omron, AVX, Epson, Diodes, Infineon, NJR, Boeing, Atmel Corporation, NEC Corporation, Samsung, Taiwan Semiconductor, SK Hynix, Nvidia.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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Semiconductor Machinery Global Market Report 2021 – By Type (Front-End Equipment, Back-End Equipment, Fab Facility Equipment), By Application (Integrated Circuit, Discrete Device, Optoelectronic Device, Sensors), By Product (Memory, Foundry, Logic, MPU, Discrete, Analog, MEMS), By Supply Chain Participant (OSAT Companies, IDM Firms, Foundries), COVID-19 Impact And Recovery
Semiconductor And Related Devices Global Market Report 2021 – By Product Type (Integrated Circuits, Memory Chips, Microprocessors), By End-Use Industry (Information Technology, Aerospace & Defense, Consumer Electronics, Automotive, Healthcare), By Product (Intrinsic Semiconductor, Extrinsic Semiconductor), COVID-19 Impact And Recovery
Advanced Packaging Technologies Global Market Report 2021 – By Type (3D Integrated Circuit, 2D Integrated Circuit, 2.5D Integrated Circuit), By Product (Active Packaging, Smart And Intelligent Packaging), By End Use Industry (Automotive And Transport, Consumer Electronics, Industrial, IT And Telecommunication), COVID-19 Growth And Change
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