Micro Integrated Circuits - Greece

Revenue in the Micro Integrated Circuits market is projected to reach US$8.25m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.17%, resulting in a market volume of US$10.12m 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 Greece has been experiencing steady growth in recent years. Customer preferences in the market have been shifting towards smaller and more efficient microchips. This trend is driven by the increasing demand for portable electronic devices such as smartphones, tablets, and wearables. Customers are looking for microchips that can provide high performance while consuming less power. They also prefer chips that are smaller in size, allowing for more compact and sleek designs in their devices. Trends in the market indicate that Greek consumers are increasingly adopting advanced technologies such as artificial intelligence, internet of things, and autonomous vehicles. These technologies require microchips with high processing power and low power consumption. As a result, there is a growing demand for microchips that can meet these requirements. Local special circumstances in Greece also contribute to the development of the Micro Integrated Circuits market. The country has a strong manufacturing base and a skilled workforce in the electronics industry. This allows for the production of high-quality microchips that can compete in the global market. Additionally, Greece has a favorable business environment with supportive government policies and incentives for the electronics industry. These factors attract both domestic and foreign investments in the Micro Integrated Circuits market. Underlying macroeconomic factors also play a role in the growth of the Micro Integrated Circuits market in Greece. The country has been recovering from a prolonged economic crisis, and there is an increasing focus on innovation and technology as drivers of economic growth. The government is investing in research and development, as well as promoting entrepreneurship and startups in the technology sector. This creates opportunities for the Micro Integrated Circuits market to thrive in Greece. In conclusion, the Micro Integrated Circuits market in Greece is developing due to customer preferences for smaller and more efficient microchips, the adoption of advanced technologies, local special circumstances such as a strong manufacturing base and favorable business environment, and underlying macroeconomic factors including the focus on innovation and technology. As the market continues to grow, it is expected to contribute to the overall economic development of Greece.

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.