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.
Author Credits: Abhishek Verma
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