Fabless IC Market Report 2024 (Global Edition)

Global Fabless IC Market Report 2024 Market Size Split by Device Type (Digital Fabless IC, Analog Fabless IC), by Application (Memory, Consumer Electronics, Automotive, Industrial Electronics, Wired C...

Fabless IC Market Report Description

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Fabless IC Market Insights Video

Competitive Landscape of the Fabless IC Market

In the Fabless IC Market, major players vie for dominance through strategic moves, technological advancements, and product diversification, offering various semiconductor solutions and global distribution networks. These industry leaders often engage in partnerships, acquisitions, and product innovations to bolster their market position.

Fabless IC Industry News

• September 2020: NVIDIA and SoftBank Group Corp. (SBG) have entered a definitive agreement for NVIDIA to acquire Arm Limited from SBG and the SoftBank Vision Fund in a $40 billion transaction. This move is anticipated to have an immediate positive impact on NVIDIA's non-GAAP gross margin and non-GAAP earnings per share.
• May 2022: Broadcom Inc., a technology leader in semiconductors and infrastructure software, will acquire VMware, Inc. (NYSE: VMW) in a cash-and-stock deal valued at around $61 billion, with Broadcom also taking on $8 billion of VMware's net debt.

Top Companies Market Share in Fabless IC Industry: (In no particular order of Rank)

• Qualcomm
• Nvidia
• Broadcom
• MediaTek
• AMD
• Marvell
• Realtek
• Xilinx
• Altera
• Avago
• LSI
• Himax
• Rambus
• Apple
• ATI Technologies
• MegaChips
• Novatek
• Ricktek
• Mstar
• Taiwan Semiconductor Manufacturing
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

The North American Fabless IC Market dominates the largest share of the global market

According to Cognitive Market Research, North America takes the lead in the Fabless IC Market, positioned as a technological powerhouse and a hub for innovation. This region boasts a rich ecosystem of fabless IC companies, semiconductor manufacturers, and research institutions. With a deep commitment to technological advancement and a strong consumer base, North America's Fabless IC Market has reached a market size of 43.36 USD billion, accounting for a significant 32% of the global market share. Its dominance is fueled by a relentless pursuit of cutting-edge solutions and a diverse array of applications for semiconductor technologies, making it a global leader in the industry.

Asia Pacific emerges as the most rapidly expanding region in the Fabless IC Market. This growth is driven by the region's increasing adoption of electronic devices, expanding telecommunications infrastructure, and burgeoning consumer electronics markets. With a robust compound annual growth rate (CAGR) of 5.5%, Asia Pacific is swiftly positioning itself as a dynamic player in the Fabless IC Market, attracting investments, fostering research and development, and contributing to the global industry's rapid evolution.

The current report Scope analyzes Fabless IC Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Fabless IC Market

North America Fabless IC Market Analysis:

According to Cognitive Market Research, North America dominated the market in 2023 and accounted for a share of more than 32% of the global revenue due to several variables. The region's dominance is attributed to its robust technological infrastructure, a thriving semiconductor industry, and a substantial consumer base. North America has a well-established ecosystem of fabless IC companies and semiconductor manufacturers, driving the region's significant market size, which currently stands at a formidable 43.36 USD billion. North America's Fabless IC market is experiencing steady growth with a commendable compound annual growth rate (CAGR) of 4.8%. This growth can be attributed to continuous technological advancements, expanding applications of semiconductor technologies, and an increasing demand for innovative electronic devices. North America remains at the forefront of the global Fabless IC market, shaping industry trends, fostering research and development, and driving advancements in the semiconductor sector.

Europe Fabless IC Market

Europe Fabless IC Market Analysis:

Europe plays a pivotal role in the global Fabless IC Market, contributing approximately 30% to its market share. The region showcases steady growth with a projected compound annual growth rate (CAGR) of 5% over the forecast period, culminating in a market size of approximately 40.65 USD billion. Within the European Fabless IC Market, the Consumer Electronics segment is experiencing remarkable growth, driven by the ever-increasing demand for innovative electronic devices. This sector is marked by a surge in consumer preference for smart and connected devices, fostering the rapid expansion of the Fabless IC industry. Europe dominates the Fabless IC Market, leveraging a strong technological infrastructure, robust consumer base, and substantial semiconductor industry. While demonstrating a steady CAGR of 5%, the region's influence continues to shape the global Fabless IC landscape, driving advancements and fostering innovation in various applications and end-use sectors.

Asia Pacific Fabless IC Market

Asia Pacific Fabless IC Market Analysis:

According to Cognitive Market Research, Asia Pacific is the fastest growing in the market in 2023 and accounted for a share of more than 30% of the global revenue due to several variables. Asia Pacific is emerging as the fastest-growing region in the Fabless IC market, with a notable regional share of 30%. This dynamic growth is attributed to the region's ever-expanding consumer electronics market, the proliferation of mobile devices, and the rising demand for high-performance semiconductor solutions. With a compound annual growth rate (CAGR) of 7%, Asia Pacific is positioned at the forefront of the industry's evolution. The Fabless IC market in Asia Pacific has experienced rapid expansion, driven by technological innovation, a burgeoning middle-class population, and the adoption of advanced electronics in various applications. The market size in this region has reached an impressive 40.65 USD billion, reflecting the robust presence of the Fabless IC industry. Asia Pacific is becoming a pivotal player in shaping global Fabless IC market trends, fostering innovation, and driving advancements in the semiconductor sector. As the region continues to invest in research and development and attracts multinational corporations, it solidifies its role as a key driver of the industry's growth and development.

South America Fabless IC Market

South America Fabless IC Market Analysis:

South America plays a noteworthy role in the global Fabless IC Market, contributing around 5% of the market's total share. The region is poised for substantial growth, with a projected compound annual growth rate (CAGR) of 5.7% during the forecast period. This expansion is expected to drive the market's size in South America to approximately 6.78 USD billion. In South America's Fabless IC Market, the segment experiencing significant growth is "Consumer Electronics." The region's burgeoning middle-class population and the increasing adoption of consumer electronics, including smartphones, tablets, and wearable devices, are fueling the demand for specialized semiconductor solutions in this category. South America may not dominate the global Fabless IC Market. Still, it is emerging as one of the fastest-growing regions, showcasing the potential for technological innovation and an expanding electronics market in the region.

Middle East and Africa Fabless IC Market

Middle East and Africa Fabless IC Market Analysis:

Middle East and Africa contribute approximately 3% to the global Fabless IC Market, showcasing steady growth at a 5.8% compound annual growth rate (CAGR) during the forecast period. The market in this region is poised to reach a substantial size of around 3.00 USD billion, reflecting the growing presence of the Fabless IC industry in the Middle East and Africa. Significant growth in the Middle East and Africa Fabless IC Market is witnessed in the Communication Devices segment, driven by increasing demand for advanced technologies in telecommunications infrastructure and the growing smartphone market. This sector is positioning itself as a dynamic player in the industry, fostering innovation, attracting investments, and contributing to the region's technological advancement. Middle East and Africa are making significant strides, and Asia Pacific remains the dominating region in the global Fabless IC Market. The rapid expansion of consumer electronics markets, the proliferation of mobile devices, and a robust telecommunications infrastructure are propelling Asia Pacific's dominance, driving innovation, research and development, and shaping industry trends on a global scale.

Fabless IC Market Analysis

Fabless IC Type Segment Analysis

According to Cognitive Market Research, Digital Fabless IC was the dominant category in the Fabless IC market. The digital segment has been experiencing consistent growth due to the increasing demand for digital devices, data processing, and digital applications across various industries. The transition to digital technologies and the rising need for high-performance processors and integrated circuits contributed to the dominance of the digital fabless IC segment. 

Analog Fabless IC is the fastest-growing category in the market. The analog segment witnessed substantial growth due to its application in emerging technologies like IoT (Internet of Things), wearables, and automotive systems. Analog fabless ICs are vital for enabling functions such as sensor data processing and power management. The increasing prevalence of these technologies drove the demand for analog fabless ICs, making it the fastest-growing category in the market.

• Digital Fabless IC
• Analog Fabless IC

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Fabless IC Industry. Request a Free Sample PDF!

Fabless IC Application Segment Analysis

Wireless Communications emerged as the dominant category, fueled by the ever-expanding demand for mobile devices and the continuous growth of wireless networks. As the world becomes increasingly interconnected, the need for efficient wireless communication solutions is evident.

The automotive sector takes the spotlight as the fastest-growing category. This rapid expansion results from the automotive industry's increasing reliance on advanced semiconductor technologies, integrating them into electric vehicles, autonomous driving systems, and connected features. The automotive sector's transformation, marked by the incorporation of cutting-edge ICs for enhanced performance and safety, underscores its position as the market's swiftest advancing category.

• Memory
• Consumer Electronics
• Automotive
• Industrial Electronics
• Wired Communications
• Wireless Communications
• FPGA
• Storage/Printer

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Fabless IC End-use Segment Analysis

According to Cognitive Market Research, Communication devices, encompassing smartphones, network equipment, and communication infrastructure, have historically dominated the Fabless IC market. The ever-growing demand for advanced communication technologies, particularly 5G, has propelled this category. Fabless IC firms serving the communication sector play a pivotal role in supplying the necessary semiconductor solutions. The sustained rise in smartphone use and the global expansion of communication networks have firmly established this category's dominance. 

The fastest-growing segment in the Fabless IC market is automobile components. This growth is spurred by the increasing integration of semiconductor technology into modern vehicles. The automotive industry has undergone a significant transformation, embracing advanced driver assistance systems (ADAS), electric vehicles (EVs), and connected car technologies. Fabless IC companies catering to these applications are experiencing rapid expansion. As vehicles become more intelligent and connected, there is a surging demand for specialized semiconductor components in the automotive sector, making it the fastest-growing end-use segment in the Fabless IC market.

• Communication devices
• Computing devices
• Consumer electronic devices
• Automobile components

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

Author's Conclusion