Digital ICs Market Report: Trends, Forecast and Competitive Analysis to 2030

Digital ICs Trends and Forecast

The future of the global digital ICs market looks promising with opportunities in the automotive, consumer electronic, communication, industrial, medical device, and defense & aerospace markets. The global digital ICs market is expected to reach an estimated $463.0 billion by 2030 with a CAGR of 6.1% from 2024 to 2030. The major drivers for this market are rising acceptance of automation and digitization throughout businesses, growing demand for technologically sophisticated electronic devices, as well as, growing need for cutting-edge electronics and the shrinking trend.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Digital ICs by Segment

The study includes a forecast for the global digital ICs by type, application, and region.

Digital ICs Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Microprocessors
• Microcontrollers
• DSPs
• Logic Devices
• Memory

Digital ICs Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Automotive
• Consumer Electronics
• Communications
• Industrial
• Medical Devices
• Defense & Aerospace

Digital ICs Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Digital ICs Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies digital ICs companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the digital ICs companies profiled in this report include-

• Texas Instruments
• Analog Devices
• Infineon Technologies
• STMicroelectronics
• NXP

Digital ICs Market Insights

Lucintel forecasts that microprocessors will remain the largest segment over the forecast period because they are executing instructions and processing data.

Within this market, automotive will remain the largest segment due to rising automotive production, increasing investments in automobile manufacturing facilities, advancement in autonomous driving, along with the growing demand for electric vehicles.

APAC is expected to witness the highest growth over the forecast period due to rising demand for consumer electronics, significant investments in wireless infrastructure, and growing semiconductor chip manufacturing operations in the region.

Features of the Global Digital ICs Market

Market Size Estimates: Digital ICs market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Digital ICs market size by type, application, and region in terms of value ($B).

Regional Analysis: Digital ICs market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the digital ICs market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the digital ICs market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the digital ICs market size?

Answer: The global digital ICs market is expected to reach an estimated $463.0 billion by 2030.

Q2. What is the growth forecast for digital ICs market?

Answer: The global digital ICs market is expected to grow with a CAGR of 6.1% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the digital ICs market?

Answer: The major drivers for this market are rising acceptance of automation and digitization throughout businesses, growing demand for technologically sophisticated electronic devices, as well as, growing need for cutting-edge electronics and the shrinking trend.

Q4. What are the major segments for digital ICs market?

Answer: The future of the global digital ICs market looks promising with opportunities in the automotive, consumer electronic, communication, industrial, medical device, and defense & aerospace markets.

Q5. Who are the key digital ICs market companies?

Answer: Some of the key digital ICs companies are as follows:

• Texas Instruments
• Analog Devices
• Infineon Technologies
• STMicroelectronics
• NXP

Q6. Which digital ICs market segment will be the largest in future?

Answer: Lucintel forecasts that microprocessors will remain the largest segment over the forecast period because they are executing instructions and processing data.

Q7. In digital ICs market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness the highest growth over the forecast period due to rising demand for consumer electronics, significant investments in wireless infrastructure, and growing semiconductor chip manufacturing operations in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the digital ICs market by type (microprocessors, microcontrollers, DSPs, logic devices, and memory), application (automotive, consumer electronics, communications, industrial, medical devices, and defense & aerospace), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?