Micro Integrated Circuits - Southern Asia

Revenue in the Micro Integrated Circuits market is projected to reach US$1.55bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.46%, resulting in a market volume of US$2.43bn 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 Southern Asia is experiencing significant growth and development. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors all contribute to this positive trajectory. Customer preferences in the Micro Integrated Circuits market in Southern Asia are driving the growth of the industry. Customers in this region are increasingly demanding smaller, more efficient, and more powerful integrated circuits. This is due to the growing adoption of advanced technologies such as Internet of Things (IoT), artificial intelligence (AI), and 5G connectivity. As a result, manufacturers in Southern Asia are focusing on developing micro integrated circuits that meet these customer demands. Trends in the market also play a crucial role in the development of the Micro Integrated Circuits market in Southern Asia. One prominent trend is the increasing demand for consumer electronics in the region. Southern Asia is home to a large population with rising disposable incomes, leading to increased consumer spending on electronic devices such as smartphones, tablets, and wearable devices. This drives the demand for micro integrated circuits, as these devices require compact and efficient circuitry. Another trend in the market is the growing emphasis on renewable energy sources. Southern Asian countries are increasingly investing in renewable energy infrastructure, such as solar and wind power plants. This creates a demand for micro integrated circuits used in power electronics, energy storage systems, and smart grid applications. The shift towards renewable energy is driven by both environmental concerns and the need for energy security, leading to the growth of the Micro Integrated Circuits market in this region. Local special circumstances also contribute to the development of the Micro Integrated Circuits market in Southern Asia. One such circumstance is the presence of a strong manufacturing ecosystem in countries like China, Taiwan, and South Korea. These countries have well-established semiconductor industries and are home to major micro integrated circuit manufacturers. The presence of this ecosystem allows for efficient production and supply chain management, contributing to the growth of the market in the region. Underlying macroeconomic factors further support the development of the Micro Integrated Circuits market in Southern Asia. The region is experiencing rapid urbanization and industrialization, driving the demand for infrastructure development and smart city initiatives. These initiatives require advanced technologies and micro integrated circuits to enable connectivity, automation, and data processing. Additionally, Southern Asian countries are investing in research and development, fostering innovation and technological advancements in the micro integrated circuit industry. In conclusion, the Micro Integrated Circuits market in Southern Asia is developing due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The demand for smaller, more efficient integrated circuits, the growth of consumer electronics and renewable energy sectors, the presence of a strong manufacturing ecosystem, and the focus on urbanization and industrialization all contribute to the positive trajectory of the market in this region.

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.