Next Generation Integrated Circuit Market Size

Global Next Generation Integrated Circuit Market Overview

The global Next Generation Integrated Circuit Market Size was valued at USD 1.01 Billion in 2022 and is projected to grow from USD 1.28 Billion in 2023 to USD 3.16 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 15.33% during the forecast period (2023 - 2030). Discrete transistors frequently employ integrated circuits, which improves the circuit's dependability and capabilities. Almost all modern electrical devices employ integrated circuits. The usage of integrated circuits has expanded, particularly with the use of smartphones. It offers precise data for analysis, which is anticipated to fuel market expansion. The industry is also being driven by cloud services, network service providers, and data center service providers. 

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Next-Generation Integrated Circuit Market Trends

• Rising technological advancements in smartphones boost the growth of the Market

The increasing sophistication and demand for high-performance smartphones have driven the growth of the Next Generation Integrated Circuit Market. The development of advanced features such as 5G connectivity, artificial intelligence, and the Internet of Things (IoT) has led to the production of more complex integrated circuits, which are essential components in these devices. The market is expected to continue growing as consumers demand more advanced features in their smartphones and other electronics.

Next Generation Integrated Circuit Market Segment Insights

Next Generation Integrated Circuit Component Insights

The market segmentation, based on Component, includes Modulators, Attenuators, Lasers, Optical Amplifiers, and Photo Detectors. The Modulators segment holds the majority share in 2022, contributing to the global Next Generation Integrated Circuit revenue. Modulators are essential components in communication systems, as they control the amplitude, phase, and frequency of signals to transmit data accurately. With the growing demand for high-speed internet, the market for modulators is expected to grow, as they are used in various applications such as broadband, cable, and satellite communications.

Next Generation Integrated Circuit Integration Insights

Based on Integration, the market segmentation includes Monolithic, Hybrid, and Module. The Hybrid segment dominated the market. Hybrid integrated circuits are a combination of discrete and integrated components that provide a high level of integration and performance. These circuits are widely used in various applications such as aerospace, defense, medical, and telecommunications. The increasing demand for compact and efficient electronic devices is likely to drive the growth of the market.

Next Generation Integrated Circuit Vertical Insights

Based on Vertical, the market segmentation includes Industrial, Healthcare, Consumer Electronics, Defense and Aerospace, Telecommunication and IT, Automotive, and Others. The Automotive segment is projected to be the faster-growing segment during the forecast period, 2023-2030. The increasing demand for advanced features in vehicles such as advanced driver assistance systems (ADAS), electric vehicles (EVs), and connected cars has driven the growth of the automotive segment. Integrated circuits are widely used in various applications in the automotive industry, such as power management, infotainment systems, and engine control systems.

Figure 2: Global Next Generation Integrated Circuit Market, by Component, 2022 & 2030 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Next Generation Integrated Circuit Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The majority of the market will be occupied by North America. To meet the demand for consumer electronics, wealthy nations like Canada and the US are dominating the region. Additionally, the market expansion is also fueled by the presence of significant important players in these nations. Additionally, a sizable market share for next-generation integrated circuits will go to the European area. The market situation will improve in the future years as a result of increased expenditures in R&D from nations like France, the UK, Italy, and many others. The Asia-Pacific area will also experience significant growth. Due to expanding infrastructure in nations such as Japan, China, and India, the market for next-generation integrated circuits will witness exponential expansion in the next years.

Figure 3: GLOBAL NEXT GENERATION INTEGRATED CIRCUIT MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Next Generation Integrated Circuit Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the market grow even more. Market participants are also taking various strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Next Generation Integrated Circuit industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the global Next Generation Integrated Circuit industry to benefit customers and expand the market sector. Major market players, including Intel Corporation, NEC Corporation, Boeing, STMicroelectronics, Texas Instruments, and others, are attempting to increase market demand by funding R&D initiatives.

Intel is a semiconductor firm that designs and manufactures microprocessors and other components. It creates, produces, and distributes integrated digital technology platforms for a wide range of computer applications such as laptops, desktops, servers, tablets, smartphones, wireless and wired connectivity products, wearables, transportation systems, and retail gadgets. The firm provides services to original equipment manufacturers.

Key Companies in the Next Generation Integrated Circuit market include

• Qualcomm


• Atmel Corporation


• Intel Corporation


• NEC Corporation


• Analog Devices


• Micross Components Inc


• Boeing


• STMicroelectronics


• Texas Instruments


• NXP Semiconductor

Next Generation Integrated Circuit Industry Developments

March 2022 - Micross Components Inc announced a collaboration with Apogee Semiconductor, a provider of Radiation-Hardened-by-Design semiconductors. Micross and Apogee Semiconductor now provide devices in multiple form factors that include interface, logic, and translation ICs.

August 2021 - Analog Devices Inc announced the acquisition of Maxim Integrated Products, Inc. The merger is intended to boost the position of other ADI as high-performance analog semiconductor manufacturers.

Next-Generation Integrated Circuit Market Segmentation

Next Generation Integrated Circuit Component Outlook

• Modulators


• Attenuators


• Lasers


• Optical Amplifiers


• Photo Detectors

Next Generation Integrated Circuit Integration Outlook

• Monolithic


• Hybrid


• Module

Next Generation Integrated Circuit Vertical Outlook

• ​​​​​​​ Industrial


• Healthcare


• Consumer Electronics


• Defense and Aerospace


• Telecommunication and IT


• Automotive


• Others

Next Generation Integrated Circuit Regional Outlook

• 
  North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• 
  Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• 
  Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• 
  Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America