The IC socket can be described as an electromechanical device that provides a removable interface between the IC package and the system circuit board with minimal effect on signal integrity. A removable interface is the main reason for using a socket and is needed for a variety of reasons, including ease of assembly, reworking, upgrade and cost savings. They are commonly used in applications where integrated circuit devices have short lead pins. They are mainly found on desktop and server computers. They are often used for prototyping new circuits as they allow fast and simple component swapping. Advantages of IC socket such as easy of assembly and cost saving are expected to increase its demand in coming years, which will drive the market.
MARKET DYNAMICS
The growing demand for power management and energy-efficient goods and growing use of electronic devices around the world is driving the growth of the IC sockets market. However, trend of miniaturization of electronic device may restrain the growth of the IC sockets market. Furthermore, emergence of technologies advancement such as 5G, IOT, data centers, and electric vehicles is anticipated to create market opportunities for the IC sockets market during the forecast period.
MARKET SCOPE
The "Global IC Sockets Market Analysis to 2028" is a specialized and in-depth study of the IC sockets market with a special focus on the global market trend analysis. The report aims to provide an overview of IC sockets market with detailed market segmentation by type, application, and geography. The global IC sockets market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading IC sockets market players and offers key trends and opportunities in the IC sockets market.
MARKET SEGMENTATION
The global IC sockets market is segmented on the basis of type and application. On the basis of type, the market is segmented as dual in-line memory module sockets (DIMM), production sockets, and test/burn-In sockets. Similarly, on the basis of application, the market is segmented as residential, commercial, and industrial.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global IC sockets market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The IC sockets market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting IC sockets market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the IC sockets market in these regions.
MARKET PLAYERS
The reports cover key developments in the IC sockets market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from IC sockets market are anticipated to lucrative growth opportunities in the future with the rising demand for IC sockets. Below mentioned is the list of few companies engaged in the IC sockets market.
The report also includes the profiles of key IC sockets market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- 3M
- Aries Electronics
- Enplas Corporation
- Ironwood Electronics
- Leeno Industrial Inc.
- Molex, LLC
- Sensata Technologies, Inc.
- Smiths Interconnect
- TE Connectivity
- Yamaichi Electronics Co., Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.