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“The Digital IC Market accounted for US$ XX Bn in 2019 and is Estimated to Reach More Than US$ XX Bn by 2028, Likely to exhibit a CAGR of 7.3% During the Forecast Period.”
An integrated circuit (IC), also referred to as a chip or a microchip may be a layout of electronic circuits built over a little plate made from semiconductor material. ICs are very compact and may have many transistors and other components embedded on a semiconductor plate of a very small size. Digital circuits are circuits handling signals restricted to the acute limits of zero and a few full amounts.
Digital integrated circuits have internal transistors operating in switching mode or digital. They can contain a wide selection of logic gates, flip-flops, multiplexers, and other circuits during a few square millimeters. The tiny size of those circuits allows high speed and low power dissipation. Besides, these ICs reduce the manufacturing cost compared with board-level integration. Digital ICs consists of varied components such as memory, microprocessor, microcontrollers, and digital signal processing system.
The growing demand for customizable ICs for various applications is expected to drive the growth of the market. These products have applications in several automotive systems such as rollover and stability control, fuel junction, crash bag, and air sensing, head unit, and audio amplifiers. Growing automation in cars is expected to further drive growth for digital ICs. The healthcare sector also uses ICs in various equipment such as electrocardiography and digital X-rays. Furthermore, the Internet of things plays an important role in the development and growth of the digital IC market.
By Component, Microcontroller Segment is expected to Register Fastest Growth
The microcontroller segment are used for a range of applications. A microcontroller is small and can fit inside other devices such as an appliance or a vehicle. Microcontroller cost less to supply and that they consume less power. Microcontrollers are utilized in most sorts of equipment, from laser printers to airplanes.
By Material, Silicon Segment accounted for Largest Revenue Share In Global Digital IC Market in 2019.
Silicon (Si) is the most generally used semiconductor material for ICs, due to its combination of properties and low cost. Sand that's easily accessible is reduced to very pure silicon then shaped into wafers. Silicon is that the leading source of semiconductor material, constituting approximately 95% of all semiconductor devices produced within the world.
By End User, Automotive and Medical Segments Collectively Accounted for the Largest Revenue Share in the Global Digital IC Market.
Digital ICs are used to maintain the records of patients in medical equipment such as electrocardiographs, diagnostic imaging apparatus, medical PCs, blood analysis devices and other electronic medical recording systems.
The digital IC market in the Asia Pacific accounted for the Largest Market Share in 2019.
By geography, the digital IC market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The market in Asia-Pacific is expected to register the fastest growth in the global digital ICs market due to the growing population and consumption of consumer electronics during this region. In addition, the market in Asia-Pacific accounts for over 1 / 4 of the worldwide digital ICs market. The growing number of suppliers of semiconductor material required for the manufacturing of ICs are expected to boost the assembly of digital ICs.
Key industry players such as Intel Corporation, Samsung Corporation, Qualcomm Incorporated, Taiwan Semiconductor Manufacturing, Toshiba Corporation, Texas Instruments Inc., Maxim Integrated Products Inc., Integrated Device Technology, Inc., Infineon Technologies Ag, Lattice Semiconductor Corporation, Skyworks Solutions, Inc., NXP Semiconductors N.V., STMicroelectronics NV, Analog Devices, Inc., Broadcom Ltd, Micron Technology Inc., SK Hynix, Inc., MediaTek Inc., and Nvidia Corporation, among others.
Digital IC Market Segmentation:
- Gallium Arsenide
- Digital Signal Processing
- Aerospace & Defence
- Semiconductors & Electronics
- IT & Telecommunication
- North America
- Asia- Pacific (APAC)
- Middle East and Africa (MEA)
- Latin America