Integrated Circuits - Czechia | Statista Market Forecast

Revenue in the Integrated Circuits market is projected to reach US$1.87bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 8.32%, resulting in a market volume of US$2.79bn 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.,

For more information on the displayed data, use the info button right next to the boxes.

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 Czechia has been experiencing steady growth in recent years, driven by customer preferences for advanced technology and the country's favorable business environment.

Customer preferences: Customers in Czechia have shown a strong preference for advanced technology and innovative electronic devices. This has led to an increased demand for Integrated Circuits, which are crucial components in a wide range of electronic products such as smartphones, computers, and automotive systems. With the rapid advancement of technology, customers are seeking more powerful and efficient devices, which require more sophisticated Integrated Circuits. As a result, there is a growing need for high-performance Integrated Circuits in the market.

Trends in the market: One of the key trends in the Integrated Circuits market in Czechia is the increasing adoption of Internet of Things (IoT) devices. IoT devices rely heavily on Integrated Circuits to enable connectivity and data processing. With the rising popularity of smart homes, wearable devices, and industrial automation, the demand for Integrated Circuits is expected to continue growing. Additionally, the automotive industry is another major driver of the Integrated Circuits market in Czechia. The increasing use of advanced electronic systems in vehicles, such as advanced driver assistance systems (ADAS) and infotainment systems, requires a higher number of Integrated Circuits.

Local special circumstances: Czechia has a favorable business environment, which has attracted many international companies to establish their operations in the country. This has contributed to the growth of the Integrated Circuits market, as these companies require a steady supply of Integrated Circuits for their manufacturing processes. Furthermore, Czechia has a well-developed infrastructure and a skilled workforce, which makes it an attractive location for semiconductor manufacturers. The presence of local universities and research institutions also fosters innovation in the field of Integrated Circuits.

Underlying macroeconomic factors: The overall economic stability of Czechia has had a positive impact on the Integrated Circuits market. The country has experienced steady economic growth in recent years, which has resulted in increased consumer spending power. This has translated into higher demand for consumer electronics, driving the need for Integrated Circuits. Additionally, the government of Czechia has implemented policies to support the growth of the technology sector, which has further stimulated the demand for Integrated Circuits. The country's strategic location within Europe also provides easy access to other markets, allowing companies in Czechia to expand their customer base. In conclusion, the Integrated Circuits market in Czechia is growing steadily, driven by customer preferences for advanced technology, the increasing adoption of IoT devices, and the thriving automotive industry. The country's favorable business environment, well-developed infrastructure, and supportive government policies have also contributed to the growth of the market. With the continued advancement of technology and the increasing demand for electronic devices, the Integrated Circuits market in Czechia is expected to continue its positive trajectory in the coming years.

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.