Global Digital IC Market growing at a CAGR of 7.7% from 2023 to 2031
Category : Semiconductor And Electronics | Published Date : Dec 2023
Key Market Overview
The Global Digital IC Market was valued at USD 93.71 Billion in 2022, projected to grow by USD 98.79 Billion in 2023, and is expected to register a compound annual growth rate of 7.7% to reach USD 179.47 Billion in 2031.
The report highlights the increasing adoption of digital IC in consumer electronics, automotive, and other sectors. Consegic Business Intelligence provides an inclusive research report on the digital IC market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.
Global Digital IC Market By Overview
The report analyses significant segments such as raw material, sales channel, end-user, and region, to identify emerging trends and potential opportunities. The raw material segment is expected to grow due to the increasing adoption of silicon-based ICs in consumer electronics and telecommunication sectors among others. Moreover, the rising research & development activities associated with gallium arsenide (GaAs) and increasing deployment of GaAs-based ICs in automotive and other industries is expected to drive the market growth during the forecast period.
Get Free SampleMarket Dynamics
Driver:
- Rising utilization of digital IC in consumer electronics industry is driving the market growth.
- Growing automotive sector is spurring the market growth.
Restraints:
- High cost of raw materials is restraining the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Raw Material | Gallium Arsenide, Silicon, and Others |
| By Sales Channel | Online and Offline |
| By End-User | Automotive, Consumer Electronics, Telecommunication, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The global digital IC market is highly competitive due to the presence of major players such as Texas Instruments Incorporated, Broadcom, Infineon Technologies AG, Lattice Semiconductor, Analog Devices Inc., and others operating in the global market. The market players are adopting new ways through product innovations, mergers and acquisitions, and business strategies to remain hold strong market position. Thus, evolving research and developments in digital IC market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various industries.
- Texas Instruments Incorporated
- Broadcom
- Infineon Technologies AG
- Lattice Semiconductor
- Taiwan Semiconductor Manufacturing Company
- Renesas Electronics Corporation
- Toshiba Corporation
- Analog Devices Inc.
- Qualcomm Technologies Inc.
- Intel Corporation