IC Sockets - A Global Strategic Business Report - new market research report published
2012-11-23 10:31:28 - IC Sockets - A Global Strategic Business Report - a new market research report on companiesandmarkets.com
The global market for IC Sockets is forecast to exceed US$2.4 billion by the year 2015. Key factors driving market growth include technological developments and increased demand from developing markets, including Asia-Pacific, Latin America, Eastern Europe, and Middle East.
Worldwide demand for integrated circuits (IC) sockets slumped in 2008 and 2009, as a result of global economic crisis. The market, nevertheless,
is expected to recover in 2010 and post substantial growth in ensuing years, driven primarily by rapid growth in emerging markets such as China. The market demand would be supported by growth in demand for ICs in various applications.
Asia-Pacific represents the largest region for IC Sockets worldwide, as stated by the new market research report on IC Sockets. With a CAGR of about 3.0% over the analysis period, Asia-Pacific also represents the fastest growing regional market for IC sockets worldwide. The US trails Asia-Pacific in terms of sales of IC sockets. Sales of IC sockets in the US are expected to witness moderate recovery through 2010 and gain momentum from 2011 onwards.
Production Sockets represents the largest segment in the global IC sockets market. The production sockets market is likely to continue its dominance in the coming years and reach $850.8 million by 2012. However, fastest growth is likely to emanate from Test/Burn-in Sockets market.
The significance of IC sockets has been widely accepted in the microelectronics industry. Socket manufacturers are continuously developing novel designs for the purpose of interconnecting solutions for high I/O, fine pitch, low profile applications, and for achieving strict regulations of reliability and performance. The trends include usage of conductive elastomer design, completely-shielded interconnects and sockets, in-built decoupling and grounding schemes, and reduction of signal path. The future is expected to witness a constant evolution of socket designs to address the rapid developments in device and semiconductor industry.
The report titled IC Sockets: A Global Market Report provides a comprehensive review of the IC sockets markets, impact of recession on the markets, current market trends, key growth drivers, recent product introductions, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides annual sales estimates and projections for IC sockets market for the following geographic markets - North America, Japan, Europe, Asia-Pacific and Rest of World. The global market is analyzed by the following product segments - Dual In-Line Memory Module Sockets, Production Sockets, Test/Burn-in Sockets, and Other IC Sockets.
Major players profiled in the report include 3M Company, Aries Electronics Inc., Chupond Precision Co. Ltd., Enplas Corporation, FCI, Foxconn Technology Group, Johnstech International Corporation, Loranger International Corporation, Mill-Max Mfg. Corporation, Molex Inc., Plastronics Socket Company Inc., Sensata Technologies B.V., Tyco Electronics Ltd., Win Way Technology Co. Ltd., and Yamaichi Electronics Co. Ltd.
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