Industrial Integrated Circuits Market Size and Share Analysis - Growth Trends and Forecasts (2024 - 2029)

Industrial Integrated Circuits Industry Overview

The industrial integrated circuits market is fragmented and consists of various players. The market players adopt various strategies, such as strategic mergers and acquisitions, product innovation, and market expansion, to stay ahead of the competition. Some of the key players include Texas Instruments Inc., Analog Devices Inc., Infineon Technologies AG, STMicroelectronics NV, Microchip Technology Inc., and others. Some of the recent developments in the market include:

• In April 2024, Samsung Electronics Co. Ltd announced the development of the first LPDDR5X DRAM in the industry, which offers an impressive performance of up to 10.7 gigabits per second (Gbps). Utilizing 12 nanometer (nm)-class process technology, Samsung has produced the smallest chip size available among current LPDDR offerings, thereby reinforcing its position as a leader in the low-power DRAM sector.
• In March 2024, STMicroelectronics introduced its latest STM32H7R/S microcontrollers, particularly for next-gen smart devices across various sectors, including factories, buildings, infrastructure, and eHealth. ST has introduced the STM32H7R and STM32H7S microcontrollers, designed explicitly with robust security features, catering to the demands of the Internet of Things (IoT).