Micro Integrated Circuits - G7 | Statista Market Forecast

Revenue in the Micro Integrated Circuits market is projected to reach US$22.14bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.89%, resulting in a market volume of US$28.10bn 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 G7 countries has been experiencing significant growth in recent years. This can be attributed to several factors, including customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors.

Customer preferences: Customers in G7 countries have shown a strong preference for smaller and more efficient electronic devices. This has led to an increased demand for micro integrated circuits, which are essential components in the production of such devices. Additionally, customers are increasingly seeking products with enhanced functionality and performance, which has further fueled the demand for micro integrated circuits.

Trends in the market: One of the key trends in the micro integrated circuits market in G7 countries is the miniaturization of electronic devices. As technology advances, manufacturers are able to produce smaller and more powerful devices, driving the need for smaller and more advanced micro integrated circuits. This trend is expected to continue as consumers demand more portable and wearable technology. Another trend in the market is the increasing adoption of Internet of Things (IoT) devices. The IoT market is expanding rapidly, and micro integrated circuits play a crucial role in enabling connectivity and data processing in these devices. As more industries and consumers embrace IoT technology, the demand for micro integrated circuits is expected to grow significantly.

Local special circumstances: Each G7 country has its own unique set of circumstances that influence the micro integrated circuits market. For example, in the United States, the presence of a strong semiconductor industry and a robust research and development ecosystem has contributed to the growth of the micro integrated circuits market. In Japan, the focus on technological innovation and the presence of major electronics manufacturers have also contributed to market growth.

Underlying macroeconomic factors: The macroeconomic factors in G7 countries play a significant role in the development of the micro integrated circuits market. Economic stability, technological advancements, and government policies all impact the demand and supply dynamics of the market. For example, a strong economy with high consumer spending power can drive the demand for electronic devices and, consequently, the demand for micro integrated circuits. Furthermore, government policies that promote research and development, innovation, and the growth of the technology sector can create a favorable environment for the micro integrated circuits market. Investments in infrastructure, education, and training also play a role in supporting the growth of the market. In conclusion, the micro integrated circuits market in G7 countries is experiencing significant growth due to customer preferences for smaller and more efficient electronic devices, trends such as miniaturization and the adoption of IoT devices, local special circumstances, and underlying macroeconomic factors. As technology continues to advance and consumer demands evolve, the market is expected to continue its upward trajectory.

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.