Integrated Circuit (IC) Sockets Market Report 2024: Driving Innovation in Semiconductor Packaging

"Gain a competitive edge with up to 30% off in-depth market reports-uncover key trends, growth drivers, and forecasts today!

The new report published by The Business Research Company, titled Integrated Circuit (IC) Sockets Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the integrated circuit (IC) sockets market size has grown strongly in recent years. It will grow from $1.68 billion in 2023 to $1.83 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The integrated circuit (IC) sockets market size is expected to see strong growth in the next few years. It will grow to $2.54 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%.

Download Free Sample Report: https://www.thebusinessresearchcompany.com/sample.aspx?id=18645&type=smp

What Is Driving The Growth Of The Global Integrated Circuit (IC) Sockets Market?

Rising Demand For Consumer Electronics Boosts Growth In Integrated Circuit (IC) Sockets Market
The increasing demand for consumer electronics is expected to propel the growth of the integrated circuit (IC) sockets market going forward. Consumer electronics refers to electronic devices designed for everyday use by individuals, typically for entertainment, communication, or productivity purposes. The shift towards new and improved products, such as smartphones, tablets, laptops, and smart home devices, improves the user interface design and ease of use, making consumer electronics more appealing and accessible to a broader audience. Integrated circuit (IC) sockets are crucial for consumer electronics as they provide a reliable and efficient means to securely connect and disconnect ICs, facilitating easy upgrades, repairs, and maintenance, essential for ensuring device performance and longevity. For instance, in October 2023, according to Shanghai Municipal People's Government, a China-based agency, the local administrative agency of Shanghai, China's consumer electronics retail sales are projected to grow by 4% to reach 2.2 trillion yuan (US$305 billion) in 2023, with the growth rate expected to accelerate to 5% in 2024. Therefore, the increasing demand for consumer electronics is driving the growth of the integrated circuit (IC) sockets market.

What Is The Key Trend In The Global Integrated Circuit (IC) Sockets Market?

Advanced LNP Konduit For Enhanced DDR Memory IC Test Socket Performance
Major companies operating in the integrated circuit (IC) sockets market are focusing on shifting toward DDR Memory IC test sockets to meet the growing demand for lower power consumption and improved performance. DDR Memory IC test sockets are specialized connectors that evaluate DDR memory chips that ensure secure electrical connections for testing performance and functionality. For instance, in November 2022, Saudi Basic Industries Corporation, a Saudi Arabia-based manufacturing company, launched LNP Konduit, a new compound designed explicitly for complex DDR memory IC test sockets. This innovative material features a very high thermal conductivity of 1-18 W/mK, which allows for efficient heat transfer and improved thermal stability during testing. Additionally, it offers excellent dimensional stability and a high heat deflection temperature, making it well-suited for the demanding conditions associated with DDR memory IC testing.

How Is The Global Integrated Circuit (IC) Sockets Market Segmented?
The integrated circuit (IC) sockets market covered in this report is segmented -

1) By Type: Dual In-Line Memory Module Sockets (DIMM), Production Sockets, Test Or Burn-In Sockets, Through-Hole Sockets, Surface-Mount Sockets, Zero Insertion Force (ZIF) Sockets, Dual-Row Sockets, Other Types
2) By Application: Memory, Complementary Metal-Oxide-Semiconductor (CMOS) Image Sensors, High Voltage, Radio Frequency (RF), System On Chip (SOC), Central Processing Unit (CPU), Graphics Processing Unit (GPU), Other Non-Memory
3) By Industry Vertical: Home Appliances, Cars And Transportation, Aerospace And Defense, Telecom, Industrial

You Can Pre-Book The Global Market Report Of Your Requirement For A Swift Delivery And Also Get An Exclusive Discount On This Report, Checkout Link:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18645

How Is The Competitive Landscape Of The Global Integrated Circuit (IC) Sockets Market?
Major companies operating in the integrated circuit (IC) sockets market are Panasonic Corporation, 3M Company, Texas Instruments Incorporated, Kyocera Corporation, TE Connectivity Ltd., Amphenol Corporation, Omron Corporation, Sensata Technologies B.V., Molex Inc., Würth Elektronik eiSos GmbH & Co. KG, WAGO Kontakttechnik GmbH & Co. KG, Hirose Electric Co. Ltd., Samtec Inc., Smith's Interconnect Inc., Winchester Electronics Corporation, ept GmbH, Enplas Corporation, Yamaichi Electronics Co. Ltd., Mill-Max Mfg. Corporation, Johnstech International Corporation, Johanson Technology Inc., Harwin PLC, NorComp Inc., Chupond Precision Co. Ltd., CnC Tech LLC, Aries Electronics

Contents Of The Global Integrated Circuit (IC) Sockets Market
1. Executive Summary
2. Integrated Circuit (IC) Sockets Market Report Structure
3. Integrated Circuit (IC) Sockets Market Trends And Strategies
4. Integrated Circuit (IC) Sockets Market - Macro Economic Scenario
5. Integrated Circuit (IC) Sockets Market Size And Growth
…..
27. Integrated Circuit (IC) Sockets Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Explore The Report Store To Make A Direct Purchase Of The Report: https://www.thebusinessresearchcompany.com/report/integrated-circuit-ic-sockets-global-market-report

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.