Integrated Circuits - Estonia | Statista Market Forecast

Revenue in the Integrated Circuits market is projected to reach US$136.10m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 10.58%, resulting in a market volume of US$224.90m 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 Estonia has been experiencing steady growth in recent years. Customer preferences for high-performance and energy-efficient electronic devices have been driving the demand for integrated circuits in the country. Additionally, the local special circumstances and underlying macroeconomic factors have also contributed to the development of the market. Customer preferences in Estonia align with global trends in the Integrated Circuits market. Consumers in the country are increasingly seeking electronic devices that offer high performance and energy efficiency. This demand is fueled by the growing popularity of smartphones, tablets, and other portable electronic devices. As a result, there is a strong demand for integrated circuits that can support the advanced functionalities of these devices while minimizing power consumption. Trends in the market indicate a shift towards smaller and more advanced integrated circuits. The demand for miniaturized electronic devices has led to the development of smaller and more efficient integrated circuits. Manufacturers are investing in research and development to create integrated circuits with higher processing power and lower power consumption. This trend is expected to continue as the demand for smaller and more powerful electronic devices increases. Local special circumstances in Estonia have also contributed to the development of the Integrated Circuits market. The country has a strong technology sector, with several multinational companies operating in the electronics industry. This has created a favorable environment for the growth of the Integrated Circuits market, as these companies require a steady supply of high-quality integrated circuits for their products. Additionally, Estonia's strategic location within Europe allows for easy access to key markets in the region, further boosting the demand for integrated circuits. Underlying macroeconomic factors have also played a role in the development of the Integrated Circuits market in Estonia. The country has a stable and growing economy, with a high level of technological advancement. This provides a favorable environment for the growth of the electronics industry, including the Integrated Circuits market. Additionally, the government has implemented policies to support the development of the technology sector, further driving the demand for integrated circuits. In conclusion, the Integrated Circuits market in Estonia is developing due to customer preferences for high-performance and energy-efficient electronic devices, as well as local special circumstances and underlying macroeconomic factors. The market is expected to continue growing as the demand for smaller and more advanced integrated circuits increases.

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.