Market Research Future published a research report on “Next Generation Integrated Circuit Market Research Report - Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Market Synopsis of Next Generation Integrated Circuit Market
Major giants like Texas Instruments, Analog Devices, Intel Corporation and ON Semiconductors are the major players in the semiconductors manufacturing market. Increasing adoption of smartphones is one major factor fueling the growth of next generation integrated circuit market. Data center and network service providers along with cloud service providers are also expected to drive the next generation integrated circuits market.
Next generation integrated circuits for space way satellite payloads are being designed by Boeing and built by IBM Corporation. Boeing has completed integration of nine types of application specific integrated circuits are being used by IBM to build integrated circuits that improve the processing capability of current generation chips by reducing the power usage.
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North America region holds the largest market share of global next generation integrated circuit market followed by Europe and Asia Pacific regions. The growth is North America region is mainly dominated by U.S. and Canada and is attributed to the increasing demand for mobile communication and consumer electronics in the region. The region also has a well-established infrastructure which allows implementation of advanced technologies. The presence of established key players offers a large manufacturing base and this is another major factor for the growth of next generation integrated circuits market in the North America region.
Next Generation Integrated Circuit Market has been segmented on the basis of technology, component, type of integration and vertical. The type of integration segment is further bifurcated into hybrid, monolithic and module. Currently, hybrid and module integration techniques hold the largest market share whereas, in future, monolithic integration technique is expected to show major growth potential during the forecast period. Monolithic integration techniques offers reduction in size of the device, weight and power too.
Major factor driving the growth of next generation integrated circuit market is the increasing demand from various industry verticals. Growing demand for vehicle automation and increasing adoption of smartphones are major factors driving the growth of next generation integrated circuits market.
The global next generation integrated circuit market is expected to grow at approx. USD 1,637 Million by 2023, at 27% of CAGR between 2017 and 2023.
The prominent players in next generation integrated circuit market are – Intel Corporation (U.S.), Qualcomm (U.S.), Analog Devices (U.S.), Texas Instruments (U.S.), ON Semiconductors (U.S.), NXP Semiconductor (U.S.), Atmel Corporation (U.S.), Boeing (U.S.), STMicroelectronics (U.S.), NEC Corporation (Japan) and others.
Next Generation Integrated Circuit Market Segmentation
The next generation integrated circuit market has been segmented on the basis of technology, component, type of integration and vertical. The technology segment is further bifurcated into analog and digital. Digital integrated circuits only deal with logic data inputs and outputs and are more popular than analog integrated circuits. Analog integrated circuits require external components for its functioning, owing to this, digital integrated circuits are more popular and hold the largest market share in the next generation integrated circuits market.
The regional analysis of next generation integrated circuit market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in next generation integrated circuit market in North America is attributed to technical advancements and increasing use of mobile devices, tablets and smartphones in that region.
- Technology Investors
- Research/Consultancy Firms
- Infrastructure Providers
- Chip designers and fabricators
- Original equipment manufacturers (OEMs)
- OEM technology solution providers
- Integrated Circuit Manufacturers
- Technology Providers
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