Integrated Circuits - Greece | Statista Market Forecast

Revenue in the Integrated Circuits market is projected to reach US$47.07m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 8.91%, resulting in a market volume of US$72.12m 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 Greece has been experiencing steady growth in recent years. Customer preferences have shifted towards smaller and more efficient electronic devices, driving the demand for integrated circuits. Additionally, local special circumstances and underlying macroeconomic factors have contributed to the development of the market. Customer preferences in Greece have been heavily influenced by the global trend of miniaturization and increased functionality of electronic devices. Consumers are seeking smaller and more portable devices that can perform a wide range of tasks. This has led to a higher demand for integrated circuits, which are essential components in the production of such devices. The preference for integrated circuits is also driven by their ability to enhance the performance and efficiency of electronic devices. In addition to customer preferences, local special circumstances have played a role in the growth of the Integrated Circuits market in Greece. The country has a strong presence in the electronics manufacturing industry, with several local companies specializing in the production of electronic devices. These companies rely on integrated circuits to meet the demands of both domestic and international markets. The availability of skilled labor and a supportive business environment have further contributed to the growth of the market. Underlying macroeconomic factors have also influenced the development of the Integrated Circuits market in Greece. The country has experienced economic stability in recent years, which has created a favorable environment for businesses to invest and expand. This has led to increased production and consumption of electronic devices, driving the demand for integrated circuits. Additionally, Greece has been actively promoting the development of its technology sector, which has further boosted the growth of the market. In conclusion, the Integrated Circuits market in Greece is developing due to customer preferences for smaller and more efficient electronic devices, local special circumstances such as the presence of electronics manufacturing companies, and underlying macroeconomic factors including economic stability and government support for the technology sector. The market is expected to continue growing in the coming years as the demand for electronic devices and integrated circuits remains strong.

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.