Micro Integrated Circuits - Australia

Revenue in the Micro Integrated Circuits market is projected to reach US$40.35m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.78%, resulting in a market volume of US$50.94m by 2029.
In global comparison, most revenue will be generated China (US$15.39bn in 2024).

Definition:

Micro integrated circuits are ICs that are manufactured using either metal oxide semiconductor or bipolar metal oxide semiconductor technologies and are intended for digital logic functions. These include microprocessors, microcontrollers, and digital signal processors.

Additional Information:

The Micro 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).

Key players in this market include Intel, AMD, NXP, ST Microelectronics, etc.,

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Microprocessors
Microcontrollers
Digital signal processors

Non-MOS logic devices
Board level modules

The Micro Integrated Circuits market in Australia is experiencing steady growth due to several key factors.

Customer preferences: Customers in Australia are increasingly demanding smaller, more efficient and more powerful electronic devices. This has led to a growing demand for Micro Integrated Circuits, which are essential components in a wide range of electronic devices, including smartphones, tablets, and wearables. Additionally, customers are placing a greater emphasis on energy efficiency and sustainability, which has also contributed to the increased demand for Micro Integrated Circuits.

Trends in the market: One major trend in the Micro Integrated Circuits market in Australia is the increasing adoption of Internet of Things (IoT) devices. These devices require small, low-power Micro Integrated Circuits to function effectively. As IoT devices become more prevalent in various industries, such as healthcare, agriculture, and transportation, the demand for Micro Integrated Circuits is expected to continue to grow. Another trend in the market is the development of advanced manufacturing technologies. Australian companies are investing in research and development to improve the efficiency and performance of Micro Integrated Circuits. This includes the use of advanced materials, such as graphene, and the development of new manufacturing techniques, such as 3D printing. These advancements are driving innovation in the market and attracting investment from both domestic and international companies.

Local special circumstances: Australia has a strong semiconductor industry, with several local companies specializing in the design and manufacturing of Micro Integrated Circuits. These companies benefit from close collaborations with local universities and research institutions, which provide access to cutting-edge research and talent. Additionally, the Australian government has implemented policies and initiatives to support the growth of the semiconductor industry, including funding for research and development and incentives for investment in advanced manufacturing technologies.

Underlying macroeconomic factors: The growth of the Micro Integrated Circuits market in Australia is also influenced by underlying macroeconomic factors. Australia has a strong economy and a high standard of living, which has led to increased consumer spending on electronic devices. Additionally, the country has a well-developed telecommunications infrastructure, which supports the widespread adoption of connected devices. Furthermore, Australia has a stable political environment and strong intellectual property protection, which provides a favorable business environment for companies in the Micro Integrated Circuits market. In conclusion, the Micro Integrated Circuits market in Australia is experiencing steady growth due to customer preferences for smaller, more efficient devices, the increasing adoption of IoT devices, the development of advanced manufacturing technologies, local special circumstances such as a strong semiconductor industry and government support, and underlying macroeconomic factors such as a strong economy and a well-developed telecommunications infrastructure. These factors are expected to continue driving the growth of the market 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.