Micro Integrated Circuits - Ireland

Revenue in the Micro Integrated Circuits market is projected to reach US$987.70m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.94%, resulting in a market volume of US$1.26bn 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 Ireland has experienced significant growth in recent years, driven by customer preferences for advanced technology and the country's favorable business environment.

Customer preferences: Irish customers have shown a strong preference for high-quality and innovative micro integrated circuits. They value products that offer superior performance, energy efficiency, and reliability. As a result, there is a growing demand for micro integrated circuits that can support advanced applications such as artificial intelligence, Internet of Things (IoT), and autonomous vehicles. Customers in Ireland also prioritize sustainability and are increasingly interested in micro integrated circuits that are environmentally friendly and have a low carbon footprint.

Trends in the market: One of the key trends in the Micro Integrated Circuits market in Ireland is the increasing adoption of advanced packaging technologies. As micro integrated circuits become more complex and compact, traditional packaging methods are no longer sufficient. Irish companies are investing in advanced packaging technologies such as system-in-package (SiP) and fan-out wafer-level packaging (FOWLP) to meet the demand for smaller form factors, higher performance, and improved thermal management. Another trend in the market is the growing focus on cybersecurity. With the increasing connectivity of devices and the rise of IoT, the need for secure micro integrated circuits has become paramount. Irish companies are developing solutions that incorporate robust security features to protect against cyber threats. This includes encryption technologies, secure boot mechanisms, and tamper-resistant packaging.

Local special circumstances: Ireland has a strong semiconductor industry ecosystem, which has contributed to the growth of the Micro Integrated Circuits market. The country is home to several multinational semiconductor companies and has a highly skilled workforce in the field of microelectronics. The presence of these companies and the availability of talent have attracted investments and fostered innovation in the micro integrated circuits sector. Furthermore, Ireland's favorable business environment, including a low corporate tax rate and government support for research and development, has encouraged companies to establish operations in the country. This has led to increased manufacturing and technological advancements in the Micro Integrated Circuits market.

Underlying macroeconomic factors: The growth of the Micro Integrated Circuits market in Ireland is also influenced by macroeconomic factors. The country has a strong economy with a high level of disposable income, which drives consumer demand for electronic devices. Additionally, Ireland's membership in the European Union provides access to a large market and facilitates trade with other member states. This has created opportunities for Irish companies to export their micro integrated circuits to other European countries, contributing to the growth of the market. In conclusion, the Micro Integrated Circuits market in Ireland is experiencing growth due to customer preferences for advanced technology, the adoption of advanced packaging technologies, the focus on cybersecurity, the presence of a strong semiconductor industry ecosystem, Ireland's favorable business environment, and underlying macroeconomic factors such as a strong economy and access to a large market. These factors have created a conducive environment for the development and expansion of the Micro Integrated Circuits market in Ireland.

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.