Market Insights report
Integrated circuits (ICs) are semiconductors that are fabricated using several interconnected devices. These devices are cost-effective and efficient when compared to the number of discrete devices used to achieve the same functionality.
What's included?
Integrated circuits contribute a large portion of revenue in the semiconductor market. Growing demand for consumer electronics and automotive electronics will drive the growth of integrated circuits. Following the advancements of the Taiwan Semiconductor Manufacturing Company (TSMC) in less than 5nm size technology nodes, the integrated circuits market will continue to grow in terms of revenue over the next decade despite the cyclical upturns and downturns.
China will continue to be the largest consumer of integrated circuits as large amounts of consumer electronics products along with parts of industrial and automotive electronics are currently located in the country. Recent efforts by the USA and European countries to improve the share of domestic manufacturing in these sectors would likely only affect this share in the second half of the decade
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