Digital IC Market Growth Potential, Trends, Company Profiles, Global Expansion and Forecasts | COVID-19 Effects

Overview:

The global report on the digital IC market includes an analysis that promises growth by USD 387.82 billion, with a 7.64% CAGR during the forecast period of 2018 to 2023. Market Research Future (MRFR) claims that the global market relies on several aspects like the rising demand for customizable IC, hike in investment for research and development, better technological development, support from the end users, successful execution of expansion plans, and others are expected to bolster the growth of the digital IC market.

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Segmentation:

The global market analysis of the digital IC market includes a segmentation that comprises components, raw material, and end user. This analysis reveals data that has proper scientific backing and can help in developing tactical mechanisms to boost the profit margin.

By component, the global study of the digital IC market included segments like memory (Flash, DRAM, EPROM, SRAM, and others), digital signal processing system, microcontroller, microprocessor, and others.

By raw material, the global report on the digital IC market reveals segments like gallium arsenide, silicon, and others.

By end user, the understanding of the digital IC market included segments like industrial, automotive, communication, consumer electronics, and others.

Regional Analysis:

Asia Pacific has the reins in terms of the global digital IC market size. The region is getting ample support from countries like China, Japan, Taiwan, India, South Korea, and others. End users like automotive and electronics are also bolstering regional prospects.

Competitive Landscape:

Qualcomm Incorporated (US), Toshiba Corporation (Japan), Samsung Corporation (South Korea), Intel Corporation (US), Texas Instruments Inc. (US), Taiwan Semiconductor Manufacturing Co. Ltd (Taiwan), Maxim Integrated Products Inc. (US), Integrated Device Technology, Inc. (the US), Lattice Semiconductor Corporation (US), Infineon Technologies AG (Germany), Skyworks Solutions Inc. (US), STMicroelectronics NV (Switzerland), NXP Semiconductor NV (Netherlands), Analog Devices Inc. (US), Micron Technology Inc. (US), MediaTek Inc. (Taiwan), Broadcom Ltd (Singapore), SK Hynix, Inc. (South Korea), and Nvidia Corporation (US) are companies involved in devising strategies that trigger substantial growth in the outcomes of the market. These companies are inspired in many ways by trends and they can set new trends to ensure the market maintains a proper growth trajectory.

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Industry News:

In August 2020, Mentor, a part of Siemens group, announced that the company’s Calibre nmPlatform and Analog FastSPICE (AFS) custom and analog/mixed-signal (AMS) circuit verification platform got qualified for its application in Samsung Foundry’s newest process technologies.

Clients can use these tools on Samsung’s 5/4-nanometer FinFET processes that would ensure the verification and sign-off of production tape-outs used for the advanced IC designs. Samsung’s new 5nm FinFET processes have various enhancements, which, when used along with smaller 5nm geometries, triggers performance improvements that are better than the works done by previous process nodes.

In June 2020, ams, a company making its mark as a supplier of high-performance sensor solutions, announced the launching of a new readout integrated circuit (IC) that could be used for digital X-ray flat panel detectors (FPDs) to provide clinicians with better images and it could notably curb the patient’s exposure to radiation. The new AS5850A digital readout IC can be studied as a 16-bit, 256-channel charge-to-digital converter. It has use in digital radiography, mammography, fluoroscopy, static and dynamic digital X-ray scanners, and interventional imaging.

The COVID-19 crisis inspired a substantial rise in the development of specific tools that will assist in the treatment procedure. This is bound to change the market outcomes to some extent.

About Market Research Future:

Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.

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