Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 21.56 Billion | USD 47.00 Billion | 10.23% | 2022 |
FrequentlyAsked Questions
A microchip, also known as an integrated circuit (IC), is used to facilitate the flow of electric signals in modern electronic products.
The global microchip market is projected to grow driven by the increasing investments in the overall chip industry on a global scale.
According to study, the global microchip market size was worth around USD 21.56 billion in 2022 and is predicted to grow to around USD 47.00 billion by 2030.
The CAGR value of the microchip market is expected to be around 10.23% during 2023-2030.
The global microchip market will witness the highest growth in Asia-Pacific. The region is home to some of the largest manufacturers of microchips.
The global microchip market is led by players like Samsung Electronics, Intel Corporation, Advanced Micro Devices (AMD), Taiwan Semiconductor Manufacturing Company (TSMC), Micron Technology, NVIDIA Corporation, Broadcom Inc., Qualcomm Incorporated, STMicroelectronics, Texas Instruments Incorporated, NXP Semiconductors, SK Hynix, Infineon Technologies AG, Analog Devices, Inc., and Renesas Electronics Corporation.
The report explores crucial aspects of the microchip market including detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.
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