Micro Integrated Circuits - Central & Western Europe

Revenue in the Micro Integrated Circuits market is projected to reach US$7.70bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.57%, resulting in a market volume of US$9.63bn 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 Central & Western Europe is witnessing significant development and growth.

Customer preferences: Customers in Central & Western Europe are increasingly demanding smaller and more efficient electronic devices, which has led to a growing demand for micro integrated circuits. These circuits are essential components in a wide range of electronic products, including smartphones, tablets, and wearable devices. Customers are also seeking advanced features and functionalities in their devices, which require more sophisticated and powerful micro integrated circuits.

Trends in the market: One of the key trends in the Micro Integrated Circuits market in Central & Western Europe is the increasing adoption of Internet of Things (IoT) devices. IoT devices require micro integrated circuits to connect and communicate with each other, enabling the exchange of data and the automation of various tasks. With the growing popularity of smart homes, smart cities, and connected cars, the demand for micro integrated circuits is expected to surge. Another trend in the market is the rising demand for automotive electronics. Modern vehicles are equipped with a wide range of electronic systems, including infotainment systems, advanced driver-assistance systems (ADAS), and electric powertrains. These systems rely on micro integrated circuits for their operation, driving the demand for these components in the automotive sector.

Local special circumstances: Central & Western Europe is home to several leading semiconductor manufacturers and technology companies. These companies have a strong presence in the region and contribute to the development and innovation in the Micro Integrated Circuits market. The presence of these industry players fosters collaboration and knowledge sharing, leading to advancements in micro integrated circuit technology. Furthermore, Central & Western Europe has a highly skilled workforce and a strong focus on research and development. This enables the region to stay at the forefront of technological advancements and drive innovation in the Micro Integrated Circuits market.

Underlying macroeconomic factors: The economic stability and strong purchasing power of consumers in Central & Western Europe contribute to the growth of the Micro Integrated Circuits market. As the economy continues to improve, consumers have more disposable income to spend on electronic devices, driving the demand for micro integrated circuits. Additionally, government initiatives and policies promoting digitalization and technological advancements in the region further support the growth of the Micro Integrated Circuits market. These initiatives create a favorable environment for the development and adoption of micro integrated circuits. In conclusion, the Micro Integrated Circuits market in Central & Western Europe is experiencing significant growth due to customer preferences for smaller and more efficient electronic devices, the increasing adoption of IoT devices, and the rising demand for automotive electronics. The presence of leading semiconductor manufacturers, a skilled workforce, and a focus on research and development further contribute to the development of the market. The economic stability and government initiatives in the region also play a significant role in driving the growth of the Micro Integrated Circuits market.

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 are expected to surpass 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.