IC Socket Market Size, Share, Industry & Opportunities [2031]

IC Socket Market Size, Share, Industry & Opportunities [2031]

Segments - IC Socket Market by Applications (Memory, CMOS Image Sensors, High Voltage, RF, SOC, CPU, and GPU, and Other Non-memory), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028.

https://growthmarketreports.com/Raksha
Author : Raksha Sharma
https://growthmarketreports.com/Vineet
Fact-checked by : Vineet Pandey
https://growthmarketreports.com/Shruti
Editor : Shruti Bhat

Upcoming | Report ID :ICT-SE-2341 | 4.4 Rating | 63 Reviews | 213 Pages | Format : PDF Excel PPT

Report Description


The global IC socket market size was valued at USD 870.22 Million in 2022 and is likely to reach USD 1.24 Billion by 2031, expanding at a CAGR of 4.1% during the forecast period, 2023–2031The growth of the market is attributed to rising prototype electrical testing.

IC sockets have evolved into one of the most important and commonly utilized components in the IC manufacturing process. The requirement for high performance and efficiency of electronic components has increased dramatically in recent years, resulting in a significant increase in the use of IC sockets.

IC Socket Market Outlook

Increasing demand for consumer electronics is one of the key drivers of the IC sockets market growth. Due to rising competitiveness in the electronics industry, the product development cycle has reduced significantly in recent years, resulting in increased adoption of production and testing sockets. Extended implantation lifetime with minimum contact deterioration is one of the most significant aspects for trial connections.

A key benefit of using a test socket is that it provides a detachable interface, which is critical for ease of assembly and cost reduction in the IC manufacturing process. As more functionalities are integrated into ICs with size reduction advancements applications, a market for high frequency sockets to test larger BGA packages creates lucrative opportunities for the industry players.

  • Increasing applications of IC sockets in various industries is anticipated to fuel the market growth.

  • The COVID-19 pandemic disrupted the supply chain, hindering the market growth.

  • The development of innovative consumer electronics is anticipated to create immense opportunities for the market players during the forecast period.

  • Technological advancements in the IC manufacturing process is expected to positively influence the growth of the market.

Scope of IC Socket Market Report

The report on the global IC socket market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

IC Socket Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Applications (Memory, CMOS Image Sensors, High Voltage, RF, SOC, CPU, and GPU, and Other Non-memory)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Mill-Max; Molex; Plastronics; Sensata Technologies; TE Connectivity; Yamaichi Electronics

IC Socket Market Segment Insights

CMOS image sensors segment to hold a significant market share

On the basis of applications, the Ic socket market is segregated into memory, CMOS image sensors, high voltage, RF, SOC, CPU, and GPU, and other non-memory. The CMOS image sensors segment is anticipated to hold a significant market share during the forecast period. Rising industrial automation applications is driving the growth of the market. On the other hand, the RF segment is expected to grow at a steady rate owing to growing use of optical fibers amidst the increasing penetration of Internet.

IC Socket Market Application

The market in Asia Pacific is projected to hold a major market share

In terms of regions, the global Ic socket market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. This market is predicted to grow significantly in Asia-Pacific. Due to changing consumer needs, a number of companies have cut their product development time in half. This tendency necessitates enterprises to build and test goods on a constant basis, resulting in the widespread use of IC sockets.

Nations in the region, including China, have the most significant markets for ICs and IC test sockets attributable to their leadership in the global electronics sector, electronic goods industry, and communication equipment, among others.

IC Socket Market Regions

Segments

The global IC socket market is segmented on the basis of

Applications

  • Memory
  • CMOS Image Sensors
  • High Voltage
  • RF
  • SOC
  • CPU
  • GPU
  • Other Non-memory

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

Competitive Landscape

The major players in the Ic socket market include Mill-Max, Molex, Plastronics, Sensata Technologies, TE Connectivity, Yamaichi Electronics.

Companies are engaging in mergers, acquisitions and partnerships to leverage their market position. The IC sockets market is neither highly competitive nor small in size.

In recent years, acquisitions have been one of the most important growth strategies used by companies to increase their market revenue share. For instance, in March 2020, TE Connectivity Ltd acquired First Sensor AG.

The latter company develops and manufactures sensors for industrial, transportation, and medical applications, such as advanced electronics, pressure, and photonics. With this acquisition, TE Connectivity is expected to leverage its combined expertise to offer a broader range of products, such as sensors, connectors, and analogue devices.

IC Socket Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. IC Socket Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. IC Socket Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. IC Socket Market - Supply Chain
  4.5. Global IC Socket Market Forecast
     4.5.1. IC Socket Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. IC Socket Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. IC Socket Market Absolute $ Opportunity
5. Global IC Socket Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. IC Socket Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global IC Socket Demand Share Forecast, 2019-2026
6. North America IC Socket Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America IC Socket Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America IC Socket Demand Share Forecast, 2019-2026
7. Latin America IC Socket Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America IC Socket Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America IC Socket Demand Share Forecast, 2019-2026
8. Europe IC Socket Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe IC Socket Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe IC Socket Demand Share Forecast, 2019-2026
9. Asia Pacific IC Socket Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific IC Socket Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific IC Socket Demand Share Forecast, 2019-2026
10. Middle East & Africa IC Socket Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa IC Socket Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa IC Socket Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global IC Socket Market: Market Share Analysis
  11.2. IC Socket Distributors and Customers
  11.3. IC Socket Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Methodology

Our Clients

General Mills
Pfizer
Nestle SA
Siemens Healthcare
Honda Motor Co. Ltd.
The John Holland Group
Microsoft
sinopec