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The IC Socket Market is Segmented By Product Type (DIMM, Production Sockets, Test and Burn-in Sockets ), End-user Industry (Consumer Electronics, Aerospace & Defense, Telecom, Automotive & Transportation, Industrial), and Geography.
Fastest Growing Market:
The IC socket market is expected to witness a CAGR of 9.11% over the forecast period 2020–2025. IC sockets have become one of the most crucial and widely used components in the production cycle of ICs. Due to the increasing demand for performance and efficiency, the consumption of IC sockets has witnessed rapid growth over recent years. According to expertise, China is re-engineering its development and innovation processes in a bid to reduce the TTM (time to market) for the new products. By doing this, the trend of miniaturization is becoming a challenge for the IC socket market as they tend to occupy more space and add an extra electrical signal path to the IC device.
An IC socket is deployed in devices that consist of an integrated circuit. It even acts as a placeholder for IC chips. The major role that an IC socket performs is of enabling secure removal and insertion of IC chips as IC chips may get impaired from heat due to soldering. The extended form of the IC socket is known as an integrated circuit socket. IC sockets have a wide range of applications attached to it. They are widely used in the applications where integrated circuit devices possess short lead pins. They are mostly discovered in desktop and server computers. They are also employed for prototyping new circuits as they enable easy and simple component swapping.
|By Product Type|
|Dual-in-line Memory Module Sockets|
|Production Sockets(Land Grid Array, Pin Grid Array, Plastic Leaded Chip Carrier)|
|Test and Burn-in Sockets|
|Others Sockets(Ball Grid Array, Dual-in-line Package, Specialty Sockets)|
|By End-user Industry|
|Aerospace & Defense|
|Automotive & Transportation|
|Rest of the world|
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Consumer electronics leads the market on account of the massive sales of laptops, smartphones, PCs, tablets, and other consumer electronic devices, which incorporate integrated circuits. These electronic appliances are manufactured with some simple or complex circuits. Electronic components in these circuits are connected with each other by wires or conducting wires for the flow of electric current through the multiple components of the circuit, such as resistors, capacitors, inductors, diodes, and transistors. Owing to the increasing sales of consumer electronics, IC sockets are expected to witness a greater adoption in these devices.
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Asia-Pacific is expected to have significant growth for this market. Various companies have almost reduced the product development period by half, owing to the changing consumer demands. This trend requires companies to continuously design and test products, driving the adoption of IC sockets.
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The IC Socket market is neither highly competitive nor has a limited number of players. The IC Socket market is witnessing many mergers and acquisitions among regional players. In the past few years, acquisitions have been one of the major growth strategies of the companies to increase their revenue share in the market.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Growing Demand for Electronics with High Computing Power
4.3.2 Need for Reduction in Product Development Cycle
4.4 Market Restraints
4.4.1 Growing Demand for Miniaturized Products Poses Challenge to Product Manufacturers
4.5 Industry Value Chain Analysis
4.6 Industry Attractiveness - Porter's Five Force Analysis
4.6.1 Bargaining Power of Suppliers
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Threat of New Entrants
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Dual-in-line Memory Module Sockets
5.1.2 Production Sockets(Land Grid Array, Pin Grid Array, Plastic Leaded Chip Carrier)
5.1.3 Test and Burn-in Sockets
5.1.4 Others Sockets(Ball Grid Array, Dual-in-line Package, Specialty Sockets)
5.2 By End-user Industry
5.2.1 Consumer Electronics
5.2.3 Aerospace & Defense
5.2.4 Automotive & Transportation
5.3.1 North America
5.3.4 Rest of the world
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 TE Connectivity Ltd.
6.1.2 Smiths Interconnect Inc.
6.1.3 Mill-Max Manufacturing Corporation
6.1.4 Aries Electronics Inc.
6.1.5 Yamaichi Electronics Co. Ltd.
6.1.6 Enplas Corporation
6.1.7 Loranger International Corporation
6.1.8 Molex Inc.
6.1.9 Plastronics Socket Company Inc.
6.1.10 Sensata Technologies B.V
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS