IC Socket Market – The growing demand for power management and energy-efficient products, along with the expanding range of industrial applications for analog ICs, is a significant factor driving the growth of the Global Market.
According to TechSci Research report, “Global IC Socket Market – Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”. The Global IC Socket is anticipated to project robust growth in the forecast period with a CAGR of 4.62% through 2028, 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.
Based on Application, Consumer Electronics Segment to Dominate the market during the forecast period. Consumer electronics lead the market on account of the massive sales of laptops, smartphones, PCs, tablets, and other consumer electronic devices that incorporate integrated circuits. These electronic appliances are manufactured with some simple or complex circuits.
Electronic components in these circuits are connected by wires or conducting wires for the flow of electric current through the circuit’s multiple components, such as resistors, capacitors, inductors, diodes, and transistors. Due to the increasing sales of consumer electronics, IC sockets are expected to witness a greater adoption in these devices. Sales growth in both smartphones and personal computing systems is being bolstered by increasing memory prices.
However, the ongoing decline in shipments of standard personal computers, along with the slow growth of tablets, is aiding the mobile IC sales to override total personal computing sales over the forecast period. In the consumer electronics industry, the demand for more precise results, along with smaller chips, is rapidly increasing due to ascending profit margins and reduced transportation costs.
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With the miniaturization and fabrication of multiple technologies onto a single disk in consumer devices, like smartphones, tablets, wearable’s, smart TVs, and gaming consoles, the need for IC’s is expected to grow to evaluate the inputs into an actionable function, which can be then followed by the device. The rise in IoT also resulted in increased usage of chips for consumer electronic devices. Based on Region, Asia Pacific is Expected to dominate the market. Asia-Pacific is expected to have significant growth in this market.
Various companies have almost reduced the product development period by half, owing to the changing consumer demands. This trend requires companies to continuously design and test products, driving the adoption of IC sockets. Although, presently, the IC test sockets consumed in China are mostly supplied by foreign vendors. However, local suppliers will have more opportunities for sales of higher-margin products in the future. However, the pandemic COVID-19 led by disruptions in supply chain and manufacturing operation is expected to hinder the market growth temporally.
Key market players in the Global IC Socket Market are following:-
- TE Connectivity Ltd.
- Smith’s Interconnect Inc.
- Yamaichi Electronics Co., Ltd.
- Enplass Corporation
- ISC Co Ltd
- Leeno Industrial Inc
- Sensata Technologies Inc
- Ironwood Electronics Inc
- Plastronics Socket Company Inc.
- INNO Global Corporation
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“The global IC (Integrated Circuit) socket market is driven by several key factors that fuel its growth and evolution. One of the primary drivers is the increasing demand for integrated circuits (ICs) across various industries, including consumer electronics, automotive, telecommunications, and industrial automation. As the number of ICs in electronic devices rises, so does the need for IC sockets to facilitate easy replacement, testing, and maintenance. Rapid technological advancements within the semiconductor industry represent another significant driver.
As ICs continuously advance in terms of performance and functionality, IC socket manufacturers must innovate to keep pace, developing sockets compatible with new IC designs and packaging formats. The expansion of emerging technologies, such as the Internet of Things (IoT), 5G communication, and high-performance computing, also fuels demand for specialized IC sockets. These technologies require ICs capable of high-speed data processing and communication, driving the development of high-frequency and high-performance IC sockets.
Additionally, environmental regulations and sustainability concerns drive innovation in IC socket materials and disposal methods. As electronic waste (e-waste) becomes a global concern, the ability to easily replace ICs through sockets reduces the need for complete device disposal, aligning with environmental goals.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
IC Socket Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented by Application (Memory, CMOS Image Sensor, High Voltage, RF, SOC, CPU, GPU, etc., Others), By Region, Competition 2018-2028 has evaluated the future growth potential of Global IC Socket Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Global IC Socket Market.
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