Integrated Circuits - Hungary | Statista Market Forecast

Revenue in the Integrated Circuits market is projected to reach US$2.52bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 11.73%, resulting in a market volume of US$4.38bn 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 Hungary has been experiencing significant growth in recent years.

Customer preferences: Hungarian customers have shown a strong preference for high-quality integrated circuits that offer advanced features and performance. They are willing to pay a premium for products that are reliable and efficient. Additionally, there is a growing demand for integrated circuits that are compatible with emerging technologies such as artificial intelligence and Internet of Things (IoT).

Trends in the market: One of the key trends in the Integrated Circuits market in Hungary is the increasing adoption of automation and digitalization across various industries. This has led to a higher demand for integrated circuits that can support advanced automation processes and enable efficient data processing. Moreover, the rising popularity of smart devices and wearable technology has also contributed to the growth of the market.

Local special circumstances: Hungary has a strong manufacturing base and is home to several major electronics companies. This has created a favorable environment for the development and production of integrated circuits. Additionally, the country has a skilled workforce and a supportive government that encourages innovation and investment in the technology sector.

Underlying macroeconomic factors: The growth of the Integrated Circuits market in Hungary can be attributed to several underlying macroeconomic factors. Firstly, the country has experienced steady economic growth in recent years, which has increased consumer purchasing power and led to higher demand for electronic devices. Secondly, Hungary is strategically located in the heart of Europe, making it an attractive market for international companies looking to expand their presence in the region. Finally, the government has implemented policies to promote research and development in the technology sector, attracting foreign investment and fostering innovation. Overall, the Integrated Circuits market in Hungary is poised for further growth in the coming years. With the increasing demand for advanced technology and the supportive business environment, the market is expected to continue expanding.

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.