Integrated Circuit (IC) Sockets Market Report 2024

This Integrated Circuit (IC) Sockets market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

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 growth observed during the historic period can be attributed to several factors, including the increased adoption of consumer electronics, the expansion of the semiconductor industry, growth in telecommunications, the emergence of IoT devices, the rise of memory devices, and government initiatives promoting digitalization.

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%. The projected growth during the forecast period can be attributed to several factors, including the expansion of 5G technology, growing demand in the automotive sector, increased proliferation of IoT devices, the emergence of quantum computing, rising investment in data centers, and growth in the healthcare sector. Key trends expected during this period include the adoption of advanced packaging technologies, development of high-speed low-latency IC sockets, use of eco-friendly materials, increased customization and specialization, greater integration of AI in design and manufacturing, and enhanced collaborations and partnerships.

The increasing demand for consumer electronics is projected to drive significant growth in the integrated circuit (IC) sockets market. Consumer electronics include devices such as smartphones, tablets, laptops, and smart home products, which enhance user experience and accessibility. Integrated circuit (IC) sockets are essential for these devices as they provide secure and efficient connections for ICs, facilitating easy upgrades, repairs, and maintenance. This is crucial for maintaining optimal device performance and longevity. According to the Shanghai Municipal People's Government, consumer electronics retail sales in China are expected to grow by 4% to reach 2.2 trillion yuan (US$305 billion) in 2023, with growth projected to accelerate to 5% in 2024. The rising demand for consumer electronics is thus a key driver for the integrated circuit (IC) sockets market.

Major companies in the integrated circuit (IC) sockets market are increasingly focusing on DDR Memory IC test sockets to meet the demand for improved performance and lower power consumption. DDR Memory IC test sockets are specialized connectors used to evaluate DDR memory chips, ensuring secure electrical connections for performance and functionality testing. In November 2022, Saudi Basic Industries Corporation launched LNP Konduit, a new material specifically designed for complex DDR memory IC test sockets. This material features high thermal conductivity (1-18 W/mK), allowing for efficient heat transfer and enhanced thermal stability during testing. It also offers excellent dimensional stability and a high heat deflection temperature, making it suitable for the demanding conditions associated with DDR memory IC testing.

In January 2023, Smiths Interconnect Inc., a US-based manufacturer of advanced electronic components, acquired Plastronics Socket Partners LP, a US-based provider of high-reliability connectivity products. The terms of the acquisition were not disclosed, but it aims to strengthen Smiths Interconnect's position in the semiconductor test market by integrating advanced burn-in test socket technology. Plastronics Socket Partners LP specializes in integrated circuit (IC) sockets, contributing to Smiths Interconnect’s expansion in this field.

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.

Asia-Pacific was the largest region in the integrated circuit (IC) sockets market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the integrated circuit (IC) sockets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the integrated circuit (IC) sockets market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Integrated circuit (IC) sockets are hardware components used to connect integrated circuits to a printed circuit board (PCB), allowing for easy replacement or upgrading of the IC without the need for soldering. These sockets ensure a secure electrical connection and facilitate the swapping of ICs in electronic devices.

The main types of IC sockets include dual-in-line memory module (DIMM) sockets, production sockets, test or burn-in sockets, through-hole sockets, surface-mount sockets, zero-insertion force (ZIF) sockets, dual-row sockets, and others. DIMM sockets, for example, are connectors on a motherboard that interface with DIMM memory modules, enabling data transfer between the system's memory and the CPU. IC sockets are used in various applications such as memory, CMOS image sensors, high voltage, RF, system on chip (SOC), CPU, GPU, and other non-memory areas. These sockets serve multiple industry sectors, including home appliances, automotive and transportation, aerospace and defense, telecommunications, and industrial applications.

The integrated circuit (IC) sockets market research report is one of a series of new reports that provides integrated circuit (IC) sockets market statistics, including integrated circuit (IC) sockets industry global market size, regional shares, competitors with integrated circuit (IC) sockets market share, detailed integrated circuit (IC) sockets market segments, market trends and opportunities, and any further data you may need to thrive in the integrated circuit (IC) sockets industry. This integrated circuit (IC) sockets market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The integrated circuit (IC) sockets market consists of sales of dual in-line package sockets, single in-line package sockets, plastic led chip carrier sockets, ball grid array sockets, and small outline integrated circuit sockets. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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