Americas Integrated Circuit (IC) Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 132.30 Billion |
| Market Size (2029) | USD 181.34 Billion |
| CAGR (2024 - 2029) | 6.51 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Americas Integrated Circuit (IC) Market Analysis
The Americas Integrated Circuit Market size is estimated at USD 132.30 billion in 2024, and is expected to reach USD 181.34 billion by 2029, growing at a CAGR of 6.51% during the forecast period (2024-2029).
An integrated circuit is a small semiconductor-based electronic device with fabricated transistors, resistors, and capacitors. ICs are the building blocks of most electronic devices and equipment.
- The introduction and adoption of emerging technologies, such as the Internet of Things (IoT), are expected to propel market growth. For instance, according to GSMA, the total number of consumer and industrial IoT connections in North America is expected to grow to 5.4 billion by 2025. With the growing proliferation of IoT, the number of connected devices will grow significantly in the coming days. These devices will need ICs with embedded technology to communicate, sense, or interact with the environment.
- In addition, there has been rapid growth in the development of autonomous vehicles. For instance, in the United States, many states have published legislation on autonomous vehicles and allow for the deployment of these vehicles. Also, many American companies, including Tesla and General Motors, are either making research in this field or have already produced autonomous cars of various automation degrees. Autonomous vehicles have many different electronic systems with a mix of both digital and analog ICs.
- Regional governments are extending their support to develop their national IC industry, ecoscreatingcreates a favorable growth scenario for the market. For instance, in July 2022, the CHIPS Act was passed in the United States to strengthen domestic semiconductor manufacturing, design, and research, fortify the economy and national security, and reinforce the country's chip supply chains.
- However, modern IC technology has many design challenges. There is significant variability in the manufacturing process for advanced technology nodes. The actual operation of many devices on advanced ICs also results in variability, which manifests as changes in operating voltage, operating temperature, and performance.
Americas Integrated Circuit (IC) Market Trends
Memory Segment to Occupy a Significant Share After Logic
- Currently, DRAM is finding widespread use in digital electronics where low-cost and high-capacity memory is required. One of the largest applications for DRAM is the main memory in modern computers and graphics cards. It is also commonly used in many portable devices and video game consoles.
- Investments in the wireless industry in the United States are rising continuously, with nearly USD 35 billion invested in 2021, according to CTIA's 2022 Annual Wireless Industry Survey. The record-high investment marked the fourth straight year of increased capital expenditure. This is driving the uptake of 5G in the region, which remains high. As per CTIA, 5G networks now cover over 315 million Americans, one-in-three American adults have a 5G device, and 5G is now the fastest-growing segment of the home broadband market.
- With the implementation of 5G, mobile devices will require more and faster DRAM, such as LPDDR5, to handle 5G-enabled multimedia applications and tasks. Also, the increased download speed and volumes associated with 5G will drive the need for faster and larger storage.
- A NAND flash chip retains data even when a device is turned off, unlike a DRAM chip which loses data when the power is off. NAND flash memories are becoming more popular due to their usage as solid-state drives (SSDs) and USB flash drives, called flash storage devices. Also, due to work-from-home trends, NAND flash consumption dramatically increased with the demand for PCs and smartphones.
- Moreover, in July 2022, Micron Technology announced that it had started shipping its most advanced NAND flash chip, which comprises 232 layers of memory cells that can support intense data use from consumer gadgets, cars, and data centers.
Industrial Application to Grow at a Significant Rate
Industry 4.0 is transforming the way companies manufacture their products. Industry 4.0 refers to the smart and connected production systems designed to sense, predict, or interact with the physical world to make decisions that support production in real-time. In manufacturing, it has the potential to increase productivity, energy efficiency, and sustainability.
An important enabler of Industry 4.0 is industrial robots. According to IFR, In the first quarter of 2022, companies in the United States, Canada, and Mexico ordered 11,595 industrial robots, up 28% compared with the first quarter of 2021.
Integrated circuits are used extensively in robots and their controllers. For instance, memory components form the core elements of every industrial robot. Memory chips play an essential role in the controller and sensor functionalities, as well as data logging, embedded in the robotic solutions for different industries.
Moreover, analog and mixed-signal ICs can play important roles in industrial automation and process control applications. In response to the growing needs of industrial system developers, in recent times, analog ICs vendors have continued to roll out new chips designed to meet a range of industrial design needs, including factory robotics, sensors for machine condition monitoring, and advanced motor systems.
For instance, in November 2022, NXP landed industrial equipment giant Schneider Electric as a customer for its new play and analog front-end (AFE) ICs for high-precision data acquisition and condition-monitoring systems in factories.
Americas Integrated Circuit (IC) Industry Overview
The competitive rivalry in the Americas Integrated Circuit (IC) Market is moderately high, as the market comprises many large vendors that command a prominent market share besides having access to well-established distribution networks. Major vendors in the market studied are involved in M&A activities and partnerships to gain higher penetration and market share. Some prominent vendors in the market include Intel Corporation, Texas Instruments INC., Infineon Technologies AG, and Renesas Electronics Corporation.
In April 2023, Texas Instruments introduced the new SimpleLink family of Wi-Fi 6 companion ICs for applications that operate in high-density or high-temperature environments up to 105ºC. The products in the company's CC33xx family include devices for Wi-Fi 6 only or Wi-Fi 6 and Bluetooth Low Energy 5.3 connectivity in a single IC.
In April 2023, Renesas Electronics announced that it had produced its first microcontroller based on advanced 22-nm process technology. The first chip produced on the new 22-nm process presents an extension to the company's RA family of 32-bit Arm Cortex-M microcontrollers.
Americas Integrated Circuit (IC) Market Leaders
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Intel Corporation
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Texas Instruments INC.
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Analog Devices INC.
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Infineon Technologies AG
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STMicroelectronics N.V.
*Disclaimer: Major Players sorted in no particular order
Americas Integrated Circuit (IC) Market News
- May 2023: NEO Semiconductor announced the launch of its technology, 3D X-DRAM. This development is claimed to be the world's first 3D NAND-like DRAM cell array targeted to solve DRAM's capacity bottleneck and replace the entire 2D DRAM market.
- February 2023: Texas Instruments revealed plans to build its next 300-millimeter semiconductor wafer fab in Lehi, Utah, United States. The new fab will be next to TI's 300-mm semiconductor wafer fab in Lehi, LFAB. Once completed, the two Lehi fabs are expected to operate as one.
Americas Integrated Circuit (IC) Market Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness- Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Industry Value Chain Analysis
4.4 Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Penetration of Consumer Electronics including Smartphones and Tablets
5.1.2 Continuous Evolution Of Mega Trends such as Cloud Computing, IoT and AI
5.1.3 Rising Capital Spending by Fabs to Increase Production Capacities
5.2 Market Challenges
5.2.1 Complex Fabrication Process owing to the Decreasing Chip Size
6. MARKET SEGMENTATION
6.1 By Type
6.1.1 Analog
6.1.1.1 General-purpose IC
6.1.1.2 Application-specific IC
6.1.2 Logic
6.1.2.1 TTL (Transistor Transistor Logic)
6.1.2.2 CMOS (Complementary Metal Oxide Semiconductor)
6.1.2.3 Mixed-Signal IC
6.1.3 Memory
6.1.3.1 DRAM
6.1.3.2 Flash
6.1.3.3 Other Types
6.1.4 Micro
6.1.4.1 Microprocessors (MPU)
6.1.4.2 Microcontrollers (MCU)
6.1.4.3 Digital Signal Processors
6.2 By Application
6.2.1 Consumer Electronics
6.2.2 Automotive
6.2.3 IT & Telecommunications
6.2.4 Industrial
6.2.5 Others
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Intel Corporation
7.1.2 Texas Instruments INC.
7.1.3 Analog Devices INC.
7.1.4 Infineon Technologies AG
7.1.5 STMicroelectronics N.V.
7.1.6 NXP Semiconductors N.V.
7.1.7 On Semiconductor Corporation
7.1.8 Microchip Technology INC.
7.1.9 Renesas Electronics Corporation
7.1.10 MediaTek INC.
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OUTLOOK OF THE MARKET
Americas Integrated Circuit (IC) Industry Segmentation
An integrated circuit (IC) is a semiconductor wafer on which numerous tiny resistors, capacitors, and transistors are fabricated. ICs can function as amplifiers, oscillators, timers, counters, computer memories, or microprocessors.
The Americas integrated circuit (IC) market is segmented by type (analog (general-purpose IC, application-specific IC), logic (TTL (transistor transistor logic), CMOS (complementary metal oxide semiconductor), mixed-signal IC), memory (DRAM, flash), micro (microprocessors (MPU), microcontrollers (MCU), digital signal processors)) and application (consumer electronics, automotive, IT & telecommunications, industrial). The report offers the market size in value terms in USD for all the abovementioned segments.
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Americas Integrated Circuit (IC) Market Market Research Faqs
How big is the Americas Integrated Circuit (IC) Market ?
The Americas Integrated Circuit (IC) Market size is expected to reach USD 132.30 billion in 2024 and grow at a CAGR of 6.51% to reach USD 181.34 billion by 2029.
What is the current Americas Integrated Circuit (IC) Market size?
In 2024, the Americas Integrated Circuit (IC) Market size is expected to reach USD 132.30 billion.
Who are the key players in Americas Integrated Circuit (IC) Market ?
Intel Corporation, Texas Instruments INC., Analog Devices INC., Infineon Technologies AG and STMicroelectronics N.V. are the major companies operating in the Americas Integrated Circuit (IC) Market .
What years does this Americas Integrated Circuit (IC) Market cover, and what was the market size in 2023?
In 2023, the Americas Integrated Circuit (IC) Market size was estimated at USD 123.69 billion. The report covers the Americas Integrated Circuit (IC) Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Americas Integrated Circuit (IC) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Americas Integrated Circuit (IC) Market Industry Report
Statistics for the 2024 Americas Integrated Circuit (IC) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Americas Integrated Circuit (IC) analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
