The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Global Digital IC Market. The growth sectors of the Global Digital IC Market 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 2017-2023
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.
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 Structure
- Digital Signal Processing System
By Raw materials
- Gallium Arsenide
- Consumer Electronics
- North America
- Asia Pacific
On the basis of Geography, the global digital IC market has been segmented into four regions – North America, Europe, Asia-Pacific and Rest of World. Asia-Pacific is one of the leading region and dominating the market owing to factors such as presence of major semiconductor industries in the region. Asia-Pacific region is also expected to grow with highest CAGR during the forecast period.
Asia Pacific is dominating the market of Digital IC, with market share of 66.41% in the year 2017 and has been valued at USD 165.61 Billion. Asia Pacific Digital IC Market is expected to grow at USD 270.91 Billion by the end of year 2023 with 8.55% of compound annual growth rate. North America stands as second biggest market with market share of 17.83% in the year 2017 and has been valued at USD 44.47 Billion and has been estimated to grow at USD 63.24 Billion by the end of forecast period with 6.05% of CAGR.
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