Micro Integrated Circuits - Australia & Oceania

Revenue in the Micro Integrated Circuits market is projected to reach US$47.50m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.75%, resulting in a market volume of US$59.91m 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 & Oceania is experiencing significant growth and development. Customer preferences in the Micro Integrated Circuits market are driven by the increasing demand for smaller, faster, and more efficient electronic devices. Customers in this region are looking for microchips that can be integrated into various applications such as smartphones, wearables, automotive electronics, and industrial equipment. They also value reliability, durability, and cost-effectiveness in their microchip purchases. Trends in the Micro Integrated Circuits market in Australia & Oceania are influenced by several factors. One key trend is the rise of Internet of Things (IoT) devices, which require microchips for connectivity and data processing. The increasing adoption of IoT technology in various industries such as healthcare, agriculture, and transportation is driving the demand for microchips in the region. Another trend in the market is the growing focus on renewable energy and sustainability. Australia & Oceania has abundant natural resources, and there is a growing interest in harnessing these resources for clean energy production. This has led to an increased demand for microchips used in solar panels, wind turbines, and other renewable energy systems. Local special circumstances in Australia & Oceania also contribute to the development of the Micro Integrated Circuits market. The region has a strong manufacturing base and a skilled workforce, which supports the production of high-quality microchips. Additionally, the presence of leading technology companies and research institutions in countries like Australia and New Zealand drives innovation and promotes the development of advanced microchip technologies. Underlying macroeconomic factors also play a role in the growth of the Micro Integrated Circuits market in Australia & Oceania. The region has a stable economy and a growing middle class, which increases the purchasing power of consumers. This, in turn, drives the demand for electronic devices and fuels the demand for microchips. In conclusion, the Micro Integrated Circuits market in Australia & Oceania is developing due to customer preferences for smaller, faster, and more efficient electronic devices. The rise of IoT devices and the focus on renewable energy are key trends driving the market. Local special circumstances, such as a strong manufacturing base and a skilled workforce, contribute to the development of the market. Additionally, underlying macroeconomic factors, such as a stable economy and a growing middle class, support the growth of the Micro Integrated Circuits market in the region.

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.