What is IC Design Service Market?
IC design stands for Integrated Circuit Design it is also called VLSI design. It is a process of transforming the structural description of the logic circuitry into a detailed physical layout. IC technology has made it possible to produce chips with several millions of transistors. It helps to create an integrated circuit that meets the needs of projects. It involves fitting amplifiers, transistors, capacitors, resistors, and other components into a single part that manufacturers can install onto a larger circuit board.
Highlights from IC Design Service Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Broadcom (United States), Qualcomm (United States), NVIDIA (United States), MediaTek (Taiwan), Advanced Micro Devices (United States), Xilinx (United States), Marvell Technology, Inc. (United States), Novatek (Russia), Realtek (Taiwan) and Dialog (Sri Lanka) |
Global IC Design Service is a fragmented market due to the presence of various players. The players are investing more in mergers and acquisitions to enhance their market presence. The companies are planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Broadcom (United States), Qualcomm (United States), NVIDIA (United States), MediaTek (Taiwan), Advanced Micro Devices (United States), Xilinx (United States), Marvell Technology, Inc. (United States), Novatek (Russia), Realtek (Taiwan) and Dialog (Sri Lanka) are some of the key players profiled in the study. IC Design Service Market Segmentation:
Scope | Sub-Segments |
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Application / End User | 5G, Automobile, IoT and Others |
Type | Digital Design, Custom Design and FPGA-based Design |
Service | System Design,Design & Verification,Physical & DFT,Analog,Others |
Deployment | Cloud-based,On-Premise |
Component | Hardware,Software |
On the basis of geography, the market of IC Design Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Digitalization over the Globe
Market Growth Drivers:
Increasing Application of IC Design Service to Increase Operating Speed and IC Design Service Offers Great Ability to operate at Extremely Temperatures
Restraints:
IC Design Service unable to Dissipate a Large Amount of Power
Opportunities:
Increasing Implementation of IC Design Service can create Opportunities for the Market
Key Target Audience
IC Design Service Providers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
Market Leaders & Development Strategies
On 13th January 2021, Qualcomm announced that its subsidiary, Qualcomm Technologies, Inc., has entered into a definitive agreement to acquire NUVIA. The combination is subject to expected closing conditions, including regulatory approval under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. The acquisition builds on Qualcomm Technologies Snapdragon technology leadership, delivering step-function improvements in CPU performance and power efficiency to meet the demands of next-generation 5G computing.
In 2020, Marvell Technology, Inc. has announced to launch of ‘ASICs As A Service’. The service will likely address the same verticals of Marvell’s current business, including Automotive, 5G, Enterprise Networking, Aerospace, and Cloud Data Centers.