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) Read More

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. Read More

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 Report | Industry Analysis, Size & Forecast Overview

IC (Integrated Circuit) Socket Industry Overview

The IC Socket market is neither highly competitive nor has a limited number of players. The IC Socket market is witnessing many mergers and acquisitions among regional players. In the past few years, acquisitions have been one of the major growth strategies of the companies to increase their revenue share in the market.

March 2020: TE Connectivity Ltd announced the acquisition of First Sensor AG. This tech startup primarily develops and produces sensors for applications, including advanced electronics, pressure, and photonics for industrial, transportation, and medical industry. This acquisition will allow the company to leverage its combined expertise to provide a broader range of products, including sensors, connectors, and sockets. The company aims to leverage the acquisition as part of the growth strategy.