Integrated Circuits - CIS | Statista Market Forecast

Revenue in the Integrated Circuits market is projected to reach US$1.03bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 7.34%, resulting in a market volume of US$1.47bn by 2029.
In global comparison, most revenue will be generated China (US$148.10bn in 2024).

Definition:

Integrated circuits (ICs) are semiconductors that are fabricated using several interconnected devices. These devices are cost-effective and efficient when compared to the number of discrete devices used to achieve the same functionality.

Structure:

The Integrated Circuits market is divided into four markets depending on their application:

The Analog Integrated Circuits market includes ICs that are used to process analog signals.
The Logic Integrated Circuits market includes ICs that are used for digital logic functions.
The Memory Integrated Circuits market includes ICs that are intended for memory functions.
The last market Micro Integrated Circuits includes microprocessors, microcontrollers, and digital signal processors that are intended for performing dedicated functions as per the instructions.

Additional Information:

The Integrated Circuits market comprises revenue and revenue change as the key performance indicators. Only the revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included and the revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B), and governments (B2G). Further definitions of markets can be found on respective pages.

Key players in this market include Intel, Analog Devices, SK Hynix, Qualcomm, Nvidia, etc.,

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General-purpose and application-specific analog ICs
Digital Bipolar logic ICs
MOS logic devices
Microprocessors, Microcontrollers, Digital signal processors
MOS memory devices

Discrete device modules
Board level modules

The Integrated Circuits market in CIS is experiencing significant growth due to several factors. Customer preferences for advanced technology and increasing demand for electronic devices are driving the market forward. Additionally, local special circumstances and underlying macroeconomic factors are contributing to the development of the market. Customer preferences in CIS are heavily influenced by the desire for advanced technology. Consumers in the region are increasingly seeking electronic devices with higher processing power and improved functionality. This has led to a growing demand for Integrated Circuits, which are essential components in the manufacturing of these devices. As a result, manufacturers in CIS are focusing on producing high-quality Integrated Circuits that meet the evolving needs of customers. Trends in the market indicate a shift towards miniaturization and increased functionality of Integrated Circuits. As technology continues to advance, there is a growing demand for smaller and more efficient electronic devices. This trend is driving the development of Integrated Circuits with higher levels of integration and improved performance. Manufacturers in CIS are investing in research and development to stay competitive in this evolving market. Local special circumstances also play a role in the development of the Integrated Circuits market in CIS. The region has a strong manufacturing base and a skilled workforce, which makes it an attractive location for Integrated Circuit production. Additionally, CIS countries have been investing in infrastructure development and promoting innovation in the technology sector. These factors have created a favorable environment for the growth of the Integrated Circuits market. Underlying macroeconomic factors are also contributing to the development of the Integrated Circuits market in CIS. The region has experienced steady economic growth in recent years, which has led to an increase in disposable income and consumer spending. This has resulted in a higher demand for electronic devices, driving the need for Integrated Circuits. Furthermore, government initiatives to promote digitalization and technological advancement are creating opportunities for the market to thrive. In conclusion, the Integrated Circuits market in CIS is experiencing significant growth due to customer preferences for advanced technology, increasing demand for electronic devices, local special circumstances, and underlying macroeconomic factors. Manufacturers in the region are focusing on producing high-quality Integrated Circuits that meet the evolving needs of customers, while also investing in research and development to stay competitive in the market. With a strong manufacturing base, skilled workforce, and favorable economic conditions, CIS countries are well-positioned to capitalize on the opportunities in the Integrated Circuits market.

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the money spent at the manufacturer price level (excluding VAT).

Modeling approach / Market size:

Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market. As a basis for evaluating markets, we use the annual financial reports of the market-leading companies and reports from our primary research. In addition, we use relevant key market indicators and data from country-specific associations. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Governments and companies across the entire semiconductor value chain have had to navigate changing demands, supply chain imbalances, and geopolitical factors in recent times. As a result, action plans and policies have had to be established to safeguard the supply of semiconductors. In 2024, global semiconductor sales surpassed 600 billion U.S. dollars, a jump from the previous year as the industry reaps the rewards from the artificial intelligence (AI) revolution sweeping across the world.