Market Synopsis of Digital IC Market
The 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. The digital ICs designed for a particular use instead of general use are the customizable 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. High automation in cars is also creating a huge demand for the customizable ICs and thus boosting the digital IC market. Apart from it, healthcare sector also uses these ICs in various equipment’s. The equipment’s such as electrocardiography machine, digital X-rays and others use these customizable digital ICs. Therefore, the innovation of customizable ICs is contributing to the digital IC market.
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The 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.
The global digital IC market is expected to grow at USD 387.82 billion by the end of year 2023 with 7.64% CAGR during forecast period 2017-2023.
The prominent players in the 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 Structure
- Digital Signal Processing System
By Raw materials
- Gallium Arsenide
- Consumer Electronics
- North America
- Asia Pacific
Digital integrated circuits can contain wide range of logic gates, flip-flops, multiplexers, and other circuits in a few square millimeters. The small size of these circuits allows high speed and low power dissipation. Apart from it, these ICs reduces the manufacturing cost compared with board-level integration. Digital ICs consists of various components such as memory, microprocessor, microcontrollers, digital signal processing system and others.
Memory is dominating the market of Digital IC, By Components segment with market share of 47.13%, in the year 2017. Memory market is expected to grow at USD 196.81 Billion by the end of year 2023 with 8.97% of CAGR from 2017 to 2023. Microprocessor market is expected to grow at USD 83.74 Billion by the year 2023 with 7.22% CAGR from 2017 to 2023. Microcontrollers market is estimated to reach at USD 57.49 Billion by the end of year 2023 from USD 39.76 Billion in the year 2017 with 6.34% of CAGR from 2017 to 2023.
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- Manufacturers and Suppliers
- Digital IC Technology Solution Providers
- Research firms
- Consultancy firms
- Semiconductor Manufacturing Companies
- End-user sectors
- Technology Investors
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