Micro Integrated Circuits - New Zealand

Revenue in the Micro Integrated Circuits market is projected to reach US$7.16m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.61%, resulting in a market volume of US$8.96m 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 New Zealand is experiencing steady growth, driven by customer preferences for smaller, more efficient electronic devices. With the increasing demand for portable electronics and the need for higher performance in a compact form factor, the market for micro integrated circuits has been expanding in New Zealand.

Customer preferences: Customers in New Zealand are increasingly seeking smaller and more efficient electronic devices. This is driven by the growing popularity of wearable technology, smartphones, and other portable devices. As a result, there is a higher demand for micro integrated circuits that can provide the necessary functionality in a smaller package. Additionally, customers are also looking for energy-efficient solutions, as sustainability and environmental concerns become more important.

Trends in the market: One of the key trends in the micro integrated circuits market in New Zealand is the miniaturization of electronic devices. Manufacturers are constantly striving to make devices smaller and more compact, while maintaining or even improving their performance. This trend is driving the demand for micro integrated circuits that can provide the necessary functionality in a smaller form factor. Additionally, there is a growing focus on power efficiency, as customers look for devices that can operate for longer periods of time without needing to be recharged. Another trend in the market is the increasing adoption of Internet of Things (IoT) devices in various industries. IoT devices require micro integrated circuits to enable connectivity and data processing. With the growing interest in IoT solutions in New Zealand, there is a corresponding increase in demand for micro integrated circuits that can support these applications.

Local special circumstances: New Zealand has a strong technology sector, with several companies specializing in the design and manufacture of micro integrated circuits. This local expertise and knowledge contribute to the growth of the market in the country. Additionally, the government of New Zealand has been actively promoting innovation and technology development, which further supports the growth of the micro integrated circuits market.

Underlying macroeconomic factors: The overall economic stability and growth in New Zealand also contribute to the development of the micro integrated circuits market. A stable economy provides a favorable environment for businesses to invest in research and development, as well as for consumers to purchase electronic devices. Additionally, the growing population and urbanization in New Zealand create a larger market for electronic devices, driving the demand for micro integrated circuits. In conclusion, the Micro Integrated Circuits market in New Zealand is experiencing growth due to customer preferences for smaller and more efficient electronic devices. The miniaturization of devices and the increasing adoption of IoT solutions are key trends driving the market. Local expertise and government support also contribute to the growth of the market. The overall economic stability and population growth in New Zealand provide a favorable environment for the development 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.