The Micro Integrated Circuits market is expected to grow in the next five years, driven by demand and technological advancements of microprocessors and microcontrollers in various automotive, telecommunication, healthcare, and cloud computing electronics applications. Growing demand for advanced and efficient microcontrollers in advanced driver assistance systems (ADAS) used in automobiles would further support this expectation.
The selling prices are expected to be stable and possibly increase in case the supply chain disruptions continue to persist due to the current demand for these devices. Overall, the market is expected to go through a cycle of revenue growth due to ongoing economic and market-related problems although growing with a CAGR of more than 3 % in the next five 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.
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