Microchip Market size was valued at US$ 32,731.2 million in 2022 and is expected to grow at a significant CAGR of 12.1% from 2023 to 2029. The global market provides a detailed overview of the market and that can be segmented by type, by the end user. By type, the microchip market has been segmented into Integrated Device, Fabless, Foundry. The integrated device segment is likely to be the largest and fastest-growing segment in terms of type. Based on end user, the microchip market is segmented into Consumer Electronics, Automotive, Healthcare, Military & Civil Aerospace, Others.Among these, the consumer electronics segment is expected to have the fastest-growing market during the forecast period 2022-2028 according to Precision Business Insights.
Study Period
2024-2030Base Year
2023CAGR
12.1%Largest Market
North AmericaFastest Growing Market
Asia Pacific
Increasing demand of microchips in across diverse range of applications such as personal computers, in digital music players and power management circuits for smart phones is a key factor expected to drive the global microchip market over the forecast period.
By region, the north America market is expected to witness highest market share during the forecast period. This dominance can be attributed to increasing adoption of compact and smart devices in the region. The market in Asia Pacific is projected to register highest growth rate over the forecast period, owing to increasing demand for electronic products such as PCs, smartphones, and tablets in emerging countries in the region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 32,731.2 million |
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Market CAGR |
12.1% |
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By Type |
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By end user |
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By Region |
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The microchip market is projected to expand at a CAGR of 12.1% during the forecast period.
The major players in the global microchip market are Samsung Electronics, Intel Corporation, Texas Instruments, Cypress Semiconductor, Analog Devices, STMicroelectronics, IBM, Qualcomm, Broadcom Ltd., Advanced Micro Devices (AMD), MediaTek, United Microelectronics.
Asia Pacific is the fastest-growing region for microchip market
| 1. Executive Summary |
| 2. Microchip Market Introduction |
| 2.1. Global Microchip Market - Taxonomy |
| 2.2. Global Microchip Market -Definitions |
| 2.2.1. By Type |
| 2.2.2. By End User |
| 2.2.3. By Region |
| 3. Global Microchip Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Microchip Market Dynamic Factors - Impact Analysis |
| 3.6. Global Microchip Market - Competition Landscape |
| 4. Global Microchip Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Microchip Market, By Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)Â |
| 5.1. Integrated Device |
| 5.1.1. Market Analysis, 2017-2021 and Forecast, 2022 -2028 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Fabless |
| 5.2.1. Market Analysis, 2017-2021Â and Forecast, 2022 -2028 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Foundry |
| 5.3.1. Market Analysis, 2017-2021Â and Forecast, 2022 -2028 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Global Microchip Market, By End User, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)Â |
| 6.1. Consumer Electronics |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Automotive |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Healthcare |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Military & Civil Aerospace |
| 6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Others |
| 6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7. Global Microchip Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)Â |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Microchip Market - Opportunity Analysis Index, By Type, By End User and Region, 2023 - 2029 |
| 8. North America Microchip Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)Â |
| 8.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Integrated Device |
| 8.1.2. Fabless |
| 8.1.3. Foundry |
| 8.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1. Consumer Electronics |
| 8.2.2. Automotive |
| 8.2.3. Healthcare |
| 8.2.4. Military & Civil Aerospace |
| 8.2.5. Others |
| 8.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. USA |
| 8.3.2. Canada |
| 8.4. North America Microchip Market - Opportunity Analysis Index, By Type, By End User and Country, 2023 - 2029 |
| 8.5. North America Microchip Market Dynamics - Trends |
| 9. Europe Microchip Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)Â |
| 9.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Integrated Device |
| 9.1.2. Fabless |
| 9.1.3. Foundry |
| 9.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Consumer Electronics |
| 9.2.2. Automotive |
| 9.2.3. Healthcare |
| 9.2.4. Military & Civil Aerospace |
| 9.2.5. Others |
| 9.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Spain |
| 9.3.5. Italy |
| 9.3.6. Russia |
| 9.3.7. Rest of Europe |
| 9.4. Europe Microchip Market - Opportunity Analysis Index, By Type, By End User and Country, 2023 - 2029 |
| 9.5. Europe Microchip Market Dynamics - Trends |
| 10. Asia-Pacific Microchip Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)Â |
| 10.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Integrated Device |
| 10.1.2. Fabless |
| 10.1.3. Foundry |
| 10.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Consumer Electronics |
| 10.2.2. Automotive |
| 10.2.3. Healthcare |
| 10.2.4. Military & Civil Aerospace |
| 10.2.5. Others |
| 10.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. China |
| 10.3.2. India |
| 10.3.3. Japan |
| 10.3.4. ASEAN |
| 10.3.5. Australia & New Zealand |
| 10.3.6. Rest of Asia-Pacific |
| 10.4. Asia-Pacific Microchip Market - Opportunity Analysis Index, By Type, By End User, and Country, 2023 - 2029 |
| 10.5. Asia-Pacific Microchip Market Dynamics - Trends |
| 11. Latin America Microchip Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)Â |
| 11.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Integrated Device |
| 11.1.2. Fabless |
| 11.1.3. Foundry |
| 11.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Consumer Electronics |
| 11.2.2. Automotive |
| 11.2.3. Healthcare |
| 11.2.4. Military & Civil Aerospace |
| 11.2.5. Others |
| 11.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Mexico |
| 11.3.3. Argentina |
| 11.3.4. Rest of Latin America |
| 11.4. Latin America Microchip Market - Opportunity Analysis Index, By Type, By End User and Country, 2023 - 2029 |
| 11.5. Latin America Microchip Market Dynamics - Trends |
| 12. Middle East and Africa Microchip Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)Â |
| 12.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Integrated Device |
| 12.1.2. Fabless |
| 12.1.3. Foundry |
| 12.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Consumer Electronics |
| 12.2.2. Automotive |
| 12.2.3. Healthcare |
| 12.2.4. Military & Civil Aerospace |
| 12.2.5. Others |
| 12.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Gulf Cooperation Council (GCC) Countries |
| 12.3.2. Israel |
| 12.3.3. South Africa |
| 12.3.4. Rest of MEA |
| 12.4. MEA Microchip Market - Opportunity Analysis Index, By Type, By End User and Country, 2023 - 2029 |
| 12.5. MEA Microchip Market Dynamics - Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. Samsung Electronics |
| 13.2.2. Intel Corporation |
| 13.2.3. Texas Instruments |
| 13.2.4. Cypress Semiconductor |
| 13.2.5. Analog Devices |
| 13.2.6. STMicroelectronics |
| 13.2.7. IBM |
| 13.2.8. Qualcomm |
| 13.2.9. Broadcom Ltd. |
| 13.2.10. Advanced Micro Devices (AMD) |
| 13.2.11. MediaTek |
| 13.2.12. United Microelectronics |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
Key Market Players
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