Computer Microchips Market Research, 2031
The global computer microchips market was valued at $21.2 billion in 2021, and is projected to reach $57.3 billion by 2031, growing at a CAGR of 10.6% from 2022 to 2031.
A microchip (also called a chip, a computer chip, an integrated circuit or IC) is a set of electronic circuits on a small flat piece of silicon. Silicon is the material of choice in the chip industry. Unlike the metals normally used to conduct electrical currents, silicon is a ‘semiconductor’, meaning that its conductive properties can be increased by mixing it with other materials such as phosphorus or boron. This makes it possible to turn an electrical current on or off. A computer microchip includes millions of transistors that acts like an on and off switch, the resistor which controls the electricity currents that move back and forth between the transistors, the capacitor which collects and releases electricity, and the diode which stops the flow of electricity. Microchips help computers become smaller by getting rid of the need to separate components. More components can be incorporated on integrated circuit at a lower cost.
The computer microchips market is segmented into Application and Type.
By type, the market is divided into logic chips and memory chips. The memory chips segment was the highest revenue contributor to the market in 2021.
By application, the market is segmented into consumer electronics, automotive, aerospace & defense and others. The consumer electronics segment was the highest revenue contributor to the market in 2021.
Region wise, the computer microchips market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, Russia, Netherlands, Belgium, Poland, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Malaysia, Thailand, Philippines, Indonesia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Rapid growth of the computer microchips industry and rise in demand for computer chip in hand and micro computer chips is attributed to increase in consumption of consumer electronics devices around the world. Moreover, emergence of machine learning and artificial intelligence has provided new opportunities for development of the computer microchips market share. Furthermore, increase in demand for efficient and faster memory chips in industrial applications is expected to drive the computer microchips market growth during the forecast period.
Significant factors that impact growth of the computer microchips industry include increase in utilization of consumer electronics. Moreover, surge in adoption of internet of things (IoT) technology is expected to drive the growth of the computer microchips market size. However, complexities in manufacturing acts as a prime barrier for early adoption, which hampers growth of the market. On the contrary, increase in investments in microchips fabrication equipment and materials offers potential growth opportunities for the computer microchips market.
The key players profiled in the report include Intel Corp, Taiwan Semiconductor Manufacturing Co. Ltd, Qualcomm Inc, Broadcom Inc, Texas Instruments Inc, NVIDIA Corp, ST Microelectronics NV, NXP Semiconductors NV, Advanced Micro Devices INC and Infineon are provided in this report.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the computer microchips market analysis from 2021 to 2031 to identify the prevailing computer microchips market opportunity.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the computer microchips market outlook assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global computer microchips market trends, key players, market segments, application areas, computer microchips market forecast and market growth strategies.
Computer Microchips Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 57.3 billion |
 Growth Rate | CAGR of 10.6% |
 Forecast period | 2021 - 2031 |
 Report Pages | 241 |
 By Application |
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 By Type |
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 By Region |
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 Key Market Players | Advanced Micro Devices Inc, NXP Semiconductors NV, Texas Instruments Inc., Infineon Technologies, NVIDIA Corporation, QUALCOMM Incorporated, Taiwan Semiconductor Manufacturing Co. Ltd, Intel Corporation, ST Microelectronics NV, Broadcom Inc. |
Analyst Review
The global computer microchips market has high potential for the consumer electronics sector. The market growth is attributed to increase in R&D investments by the large players to deploy enhanced specifications in the product portfolio. Moreover, companies are projected to indulge in mergers, collaborations, and partnerships to make the most use of technology, which is further projected to propel the market growth.
The computer microchips market provides numerous growth opportunities to market players. Emergence of artificial intelligence, internet of things and machine learning technologies is expected to create a market for Insulators as this technology aid memory chip to process large data in less time. Moreover, demand for faster and advanced memory chip in industrial application is expected to boost the computer microchips market size.
Apart from computer microchips manufacturing companies operating in the market, service providers are the key participants and largely contribute toward growth of the overall computer microchips market. Service providers use different technologies and materials to provide customized microchips products. Key players profiled in the report include computer microchips market players, such as Intel Corp, Taiwan Semiconductor Manufacturing Co. Ltd, Qualcomm Inc, Broadcom Inc, Texas Instruments Inc, NVIDIA Corp, ST Microelectronics NV, NXP Semiconductors NV, Advanced Micro Devices INC and Infineon.
The computer microchips market is expected to grow at a CAGR of 10.57% during the forecast period.
The global computer microchips market is projected to reach $57,306.5 million by 2031.
The top companies to hold the computer microchips market share are Intel Corp, Taiwan Semiconductor Manufacturing Co. Ltd, Qualcomm Inc, Broadcom Inc and others.
The computer microchips market is segmented on the basis of type, application and region.
The major application of computer microchips is considered to be in consumer electronics.
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