Which is the fastest growing region in IC Socket Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in IC Socket Market?

In 2024, the North America accounts for the largest market share in IC Socket Market. Read More

What years does this IC Socket Market cover?

The report covers the IC Socket Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the IC Socket Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

IC Socket Market Size

Market Size of IC Socket Industry

Study Period	2019 - 2029
Base Year For Estimation	2023
CAGR	9.11 %
Fastest Growing Market	Asia Pacific
Largest Market	North America
Market Concentration	Medium
Major Players *Disclaimer: Major Players sorted in no particular order

IC (Integrated Circuit) Socket Market Analysis

The IC socket market is expected to witness a CAGR of 9.11% over the forecast period 2021-2026. The growing adoption of ICs, especially memory applications and their complexity increases due to increasing their functionality, are some of the major factors driving the growth of the IC test socket market. Recent advancements like 5G, IoT, Data Centers, RF devices, LPDDR5 DRAM, and Electric & Autonomous Vehicles, are expanding the studied market scope over the forecast period.

The major characteristic requirements for test sockets by IC manufacturers in the current market is long insertion life without contact degradation. However, a long-life, high-performance IC test socket is at least ten times costlier. Providing for a removable interface is a significant reason for using a test socket and is essential for ease of assembly and cost savings in the IC manufacturing process.
With growing advanced applications, more and more functions are integrated into ICs with size reduction; hence, there is increased demand for higher frequency sockets to test larger BGA packages. IC tests are becoming a critical issue for the semiconductor industry. This places pressure on the testing supply chain and will result in new test & burn-in strategies, such as combining TBI and wafer-scale tests. IC packaging is also changing toward flip chips, and 3D chip packaging will also bring changes in the studied market.
Also, the growing adoption of ICs in products that are used in a harsh environment is further driving the demand for burn-in test sockets. Till now, IC test sockets are majorly used for measuring electrical characteristics; however, growing adoption in applications like Electric Vehicles and DRAM in data centers servers, have also fuelled the demand for testing temperature reliability and durability of ICs. This is fuelling the demand for burn-in test sockets.
Further, the advancements in the manufacturing process are also bringing development into the studied market. For instance, socket manufacturers invest tooling cost for generic packages and amortize the cost over tens of thousands of sockets. When it comes to custom packages, it is not profitable to invest initially and amortize over tens of thousands of sockets because the test need will be only for a few hundred sockets. Therefore, US-based Ironwood Electronics has developed a unique problem using a stamped spring pin contact technology that provides a robust solution for Burn-in & Test applications.
Additionally, the increasing demand for power management and power-efficient products, and expanding industrial applications scope for analog ICs, are expected to drive the growth of burn-in test sockets over the forecast period.

IC (Integrated Circuit) Socket Industry Segmentation

An IC socket is deployed in devices that consist of an integrated circuit. It even acts as a placeholder for IC chips. The major role that an IC socket performs is of enabling secure removal and insertion of IC chips as IC chips may get impaired from heat due to soldering. The extended form of the IC socket is known as an integrated circuit socket. IC sockets have a wide range of applications attached to it. They are widely used in the applications where integrated circuit devices possess short lead pins. They are mostly discovered in desktop and server computers. They are also employed for prototyping new circuits as they enable easy and simple component swapping.

By Application
		Memory
		CMOS Image Sensors
		High Voltage
		RF
		SOC,CPU,GPU,etc
		Other non-memory

Geography
		North America
		Europe
		China
		Japan
		South Korea
		Taiwan
		Singapore
		Rest of the world

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IC Socket Market Size Summary

The IC socket market is poised for significant growth, driven by the increasing adoption of integrated circuits (ICs) in various advanced applications such as 5G, IoT, data centers, and electric vehicles. The complexity and functionality of ICs are expanding, necessitating the use of high-performance test sockets that offer long insertion life without contact degradation. This demand is further fueled by the need for testing temperature reliability and durability in harsh environments, particularly in sectors like consumer electronics and automotive. The market is also witnessing advancements in manufacturing processes, with innovations such as stamped spring pin contact technology enhancing the robustness of burn-in and test applications. The growing emphasis on power management and efficiency in industrial applications is expected to further propel the demand for burn-in test sockets.

Regionally, Asia-Pacific is anticipated to experience substantial growth in the IC socket market, driven by the rapid development of the semiconductor and consumer electronics industries in countries like China. The region's dominance in global manufacturing and favorable government policies are encouraging domestic investment and innovation in IC technologies. Initiatives like China's National IC Investment Fund are boosting the local semiconductor sector, aiming for increased self-sufficiency in IC production. Despite the current reliance on foreign suppliers for IC test sockets, local vendors are expected to gain more opportunities as the market evolves. The competitive landscape is characterized by mergers and acquisitions, with companies like TE Connectivity Ltd expanding their product offerings through strategic acquisitions, thereby enhancing their market presence and revenue share.

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IC Socket Market Size - Table of Contents

1. MARKET INSIGHTS
1. 1.1 Market Overview
2. 1.2 Industry Attractiveness - Porter's Five Force Analysis
  1. 1.2.1 Bargaining Power of Suppliers
  2. 1.2.2 Bargaining Power of Buyers/Consumers
  3. 1.2.3 Threat of New Entrants
  4. 1.2.4 Threat of Substitute Products
  5. 1.2.5 Intensity of Competitive Rivalry
3. 1.3 Market Drivers
  1. 1.3.1 Expanding IC market scope and Increasing Their Design Complexity
  2. 1.3.2 Increasing Adoption of ASIC across End-User
4. 1.4 Market Restraints
  1. 1.4.1 Continuous Change in Manufacturing Process.
5. 1.5 Industry Value Chain Analysis
6. 1.6 COVID-19 Impact on IC Industry
2. MARKET SEGMENTATION
1. 2.1 By Application
  1. 2.1.1 Memory
  2. 2.1.2 CMOS Image Sensors
  3. 2.1.3 High Voltage
  4. 2.1.4 RF
  5. 2.1.5 SOC,CPU,GPU,etc
  6. 2.1.6 Other non-memory
2. 2.2 Geography
  1. 2.2.1 North America
  2. 2.2.2 Europe
  3. 2.2.3 China
  4. 2.2.4 Japan
  5. 2.2.5 South Korea
  6. 2.2.6 Taiwan
  7. 2.2.7 Singapore
  8. 2.2.8 Rest of the world

IC Socket Market Size FAQs

What is the current IC Socket Market size?

The IC Socket Market is projected to register a CAGR of 9.11% during the forecast period (2024-2029)

Who are the key players in IC Socket Market?

TE Connectivity Ltd., Smiths Interconnect Inc., Yamaichi Electronics Co. Ltd., Enplas Corporation and Leeno industrial Inc are the major companies operating in the IC Socket Market.