In this rapidly changing world of technology, next generation integrated circuit market is projected to show major growth prospects during the forecast period. Major factor driving the next generation integrated circuit market is the increasing adoption of smartphones and growing demand across various industry verticals.
The global Next Generation Integrated Circuit Market, by geography, has been segmented into North America, Europe, Asia Pacific and Rest of the World. As compared to other regions, the next generation integrated circuit market in North America is expected to witness significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of next generation integrated circuit market. This is owing to the presence of large number of established key players like Texas Instruments, Analog Devices, Intel Corporation in that region. In addition to this, the region also has a well-established infrastructure which allows higher penetration of devices and ultimately provides better connectivity. Increasing demand for vehicle automation is expected to be a major factor for the growth of next generation integrated circuit market. Growing adoption of smartphones and other mobile communication devices is another major factor driving the growth of next generation integrated circuit market in the region. Growing demand for wearables from healthcare sector are other factors driving the growth of next generation integrated circuit market in the region.
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The next generation integrated circuit market is growing rapidly over 27% of CAGR and is expected to reach at approx. USD 1,637 Million by the end of forecast period.
The regional analysis of next generation integrated circuit market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in next generation integrated circuit market in North America is attributed to technical advancements and increasing use of mobile devices, tablets and smartphones in that region.
Next generation integrated circuit market can be segmented on the basis of following:
By Type of Integration
The prominent players in the next generation integrated circuit market are – Intel Corporation (U.S.), Qualcomm (U.S.), Analog Devices (U.S.), Texas Instruments (U.S.), ON Semiconductors (U.S.), NXP Semiconductor (U.S.), Atmel Corporation (U.S.), Boeing (U.S.), STMicroelectronics (U.S.), NEC Corporation (Japan) and others.
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