Americas Integrated Circuit (IC) Market Market Size (2024 - 2029)

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) 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.