IC Socket Market TOC
IC Socket Market size is predicted to cross USD 2.4 Billion by the end of 2036, expanding around 8.77% CAGR during the forecast period i.e., 2024-2036. In the year 2023, the industry size of IC socket was over USD 820 Million. Integrated circuits are at the heart of a wide variety of electronic devices, from smartphones and laptops to automotive systems and IoT devices. By making devices smaller, faster, and more efficient, they have transformed industries such as telecommunications, computers, and consumer electronics. Additionally, the increasing demand for consumer and automotive electronics will drive the proliferation of integrated circuits and thus IC sockets. Integrated circuits were the second most traded product globally in 2021, with a total transaction value of USD 823 billion. Exports of integrated circuits increased by 23.8% from USD 665 billion to USD 823 billion between 2020 and 2021. Integrated circuit trade accounts for 3.91% of total world trade.
IC sockets made from resin materials are flexible and can be used in a variety of applications, including consumer electronics, automotive, industrial automation, aeronautics, etc. These sockets ensure a secure connection of integrated circuits and circuit boards by offering consistent energy performance. If there could be serious consequences from any failure of a connection, this reliability is very important in crucial applications like medical devices and aircraft systems. In view of the continued miniaturization trend in electronics, resin-based IC sockets offer a simplified and reliable interface solution for interconnected circuits. With an efficient space design, they allow for more components to be placed onto the circuit boards, which is a crucial part of developing small and light devices.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024 - 2036 |
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CAGR |
8.77% |
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Base Year Market Size (2023) |
USD 820 Million |
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Forecast Year Market Size (2036) |
USD 2.4 Billion |
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Regional Scope |
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Type (IC Test Sockets, IC Mounting Sockets)
In terms of type, the IC test socket segment in the IC socket market is predicted to surpass USD 1.32 billion by the end of 2036. The requirement for testing to be done throughout the production cycle of any semiconductor utilized in microwaves, cellphones, or supercomputers is driving the growth of the IC Test Sockets segment in the market. Semiconductors, which are used in extremely complicated manufacturing processes, are becoming more and more popular. A modern microprocessor or graphic processor, for example, may have over 50 billion transistors and have a failure rate of almost one in every billion devices. In order to reduce the likelihood of future device failure, these intricate circuits need to be properly tested, which will sustain the market need for IC test sockets. This is poised to drive segment growth in the upcoming future in the IC socket market.
IC Test Socket Resin Type (PEEK, PEI, PPS)
IC socket market from the PEI segment is estimated to cross more than USD 390 million by the end of the forecast period. Due to its many benefits, including a low moisture retention rate that guarantees the dimensional stability of the IC socket, the PEI section of the IC socket industry is expanding. Accurate interactions with integrated circuits necessitate this. Polyphenylene ether (PPE) and polystyrene are combined to create polyetherimide (PEI) resin. Unlike other resin systems, the two polymer compounds in the PPX mixes are identical in all respects. This special characteristic allows polyphenylene goods to be made with heat deformations from 170 F (styrene) to over 350 F (PPE). Since both resins are by hydrolysis stable by nature, the blends can be used in a wide range of temperatures and humidity levels.
Our in-depth analysis of the global market includes the following segments:
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Type |
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IC Test Socket Resin Type |
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IC Mounting Socket |
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IC Cutting Process Industry |
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Application |
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Industry Vertical |
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East and Southeast Asia Market Forecast
The IC socket market in East and Southeast Asia market is slated to expand at a CAGR of 9.50% during the forecast period. The market is further accelerated by the increasing demand for consumer electronics, automotive electronics, and industrial applications. In the automobile field, automobile corporate groups led by Tesla, BYD, and SAIC Motor are steadily increasing their investments in Southeast Asian countries. Thailand, Malaysia, Indonesia, Vietnam, and the Philippines are attracting a lot of attention and investment enthusiasm. In fact, three-quarters of the world's chip manufacturing capacity is currently concentrated in East Asia, with China expected to account for the largest share of global production by 2030 due to heavy government investment in the sector. The Made in China 2025 guidelines clearly state that China aims to raise its IC self-sufficiency rate to 40% in 2020 and 70% in 2025.
American Market Statistics
The IC socket market in America region is predicted to grow substantially by registering a revenue growth of 8.01% by the end of 2036. One of the main drivers of this market is the increasing penetration of electrical devices in multiple industries in this region. The United States, which is a major center of electronics manufacturing and innovation, has been the driving force behind market growth. In addition, a significant market driver for IC sockets is the growing trend of miniaturization within the electronics sector. In line with consumer demand for sleek and lightweight products, the use of reconstituted IC sockets is gaining popularity due to their ability to reduce space in smaller and more compact electronic devices in the region.
Author Credits: Abhishek Verma, Hetal Singh
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