The Global IC Sockets market was valued at US$ 4097 million in 2022 and is projected to reach US$ 6090 million by 2029, at a CAGR of 6.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Market size in 2022 | US$ 4097 million | Forecast Market size by 2029 | US$ 6090 million |
Growth Rate | CAGR of 6.8% | Number of Pages | 250+Pages |
An Integrated Circuit (IC) socket, often referred to simply as an “IC socket,” is a mechanical device used in electronic circuits to hold and facilitate the easy removal and replacement of integrated circuits (ICs). ICs are semiconductor devices that contain a multitude of electronic components, such as transistors, resistors, and capacitors, integrated onto a single chip.
IC sockets are used to connect integrated circuits (ICs) to printed circuit boards (PCBs). They provide a secure and reliable way to mount and remove ICs, and they also allow for easy replacement of ICs in the event of failure.
IC Sockets Market aims to provide a comprehensive presentation of the global market for IC Sockets, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding IC Sockets. IC Sockets Market contains market size and forecasts of IC Sockets in global, including the following market information:
Global IC Sockets Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global IC Sockets Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five IC Sockets companies in 2022 (%)
Report Attributes | Report Details |
Report Title | IC Sockets Market Size, Emerging Trends, Technological Advancements, and Business Strategies 2023-2032 |
Market Size In 2022 | US$ 4097 million |
Market Size By 2035 | US$ 6090 million |
Growth Rate | CAGR of 6.8% |
By Stock Type |
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By Material Type |
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By Application |
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By Distribution Channels |
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Key Players |
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Historical Year | 2018 to 2022 (Data from 2010 can be provided as per availability) |
Base Year | 2022 |
Forecast Year | 2030 |
Number of Pages | 100+ Pages |
Customization Available | Yes, the report can be customized as per your requirements. |
The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million.
Dual In-Line Memory Module Sockets(DIMM) Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of IC Sockets include 3M Company, Aries Electronics, Chupond Precision Co., Ltd., Enplas Corporation, FCI, Foxconn Technology Group, Johnstech International Corporation, Loranger International Corporation and Mill-Max Mfg. Corporation, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the IC Sockets manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment :
Global IC Sockets Market, by Socket Types, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global IC Sockets Market Segment Percentages, by Socket Types, 2022 (%)
Dual In-Line Memory Module Sockets(DIMM)
Production Sockets
Test/Burn-In Sockets
DIP (Dual In-Line Package) Sockets
PLCC (Plastic Leaded Chip Carrier) Sockets
PGA (Pin Grid Array) Sockets
SOIC (Small Outline Integrated Circuit) Sockets
BGA (Ball Grid Array) Sockets
QFP (Quad Flat Package) Sockets
LGA (Land Grid Array) Sockets
Global IC Sockets Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global IC Sockets Market Segment Percentages, by Application, 2022 (%)
Consumer Electronics (e.g., smartphones, tablets)
Telecommunications (e.g., routers, switches)
Automotive Electronics (e.g., engine control units)
Aerospace and Defense (e.g., avionics)
Industrial Automation (e.g., PLCs)
Medical Devices (e.g., medical imaging equipment)
Networking Equipment
Computers and Servers
Renewable Energy Systems
Global IC Sockets Market, by Material Types, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global IC Sockets Market Segment Percentages, by Material Types, 2022 (%)
Ceramic IC Sockets
Plastic IC Sockets
Metal IC Sockets
Thermoplastic IC Sockets
Global IC Sockets Market, by Distribution Channels, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global IC Sockets Market Segment Percentages, by Distribution Channels, 2022 (%)
Electronic Component Distributors
Direct Sales from Manufacturers
Global IC Sockets Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Asia Pacific: The Asia Pacific region stands out as the leading market for IC sockets, and there are compelling reasons for this. The automotive industry here is in a rapid growth phase, driving up the demand for ICs. In particular, electronic control units (ECUs) and other automotive components rely heavily on ICs. Furthermore, the industrial sector is also witnessing substantial expansion, with increasing automation and control system integration, further fueling the demand for ICs. In the realm of telecommunications, the Asia Pacific region is experiencing remarkable growth, creating a surge in the use of ICs in mobile phones, laptops, and other telecommunications equipment.
North America: North America takes the second position in the IC sockets market, and it’s due to specific industries driving this demand. The consumer electronics industry in North America is flourishing, with smartphones, tablets, and various consumer gadgets in high demand, all of which heavily depend on ICs. Additionally, the medical device sector is experiencing rapid growth, with ICs playing a pivotal role in critical devices like pacemakers and defibrillators.
Europe: Europe secures the third-largest position in the IC sockets market, with a unique set of dynamics at play. The automotive industry here, while growing at a somewhat slower pace compared to Asia Pacific, still exhibits a substantial demand for ICs, particularly in ECUs and other automotive components. Likewise, the industrial sector in Europe, though not as fast-growing as in Asia Pacific, is in need of ICs for automation and control systems.
Rest of the World (RoW): The Rest of the World (RoW) region, encompassing countries such as China, India, and Southeast Asia, is set to become the fourth-largest market for IC sockets. The driving force behind this growth is the rapid economic expansion anticipated in these nations. As these economies flourish, they will increasingly rely on ICs in a wide array of applications, contributing to the growing demand for IC sockets. These countries represent emerging markets with significant growth potential for the IC socket industry.
Global IC Sockets Market Segment Percentages, By Region and Country, 2022 (%)
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
The Middle East and Africa (Middle East, Africa)
South and Central America (Brazil, Argentina, Rest of SCA)
Rise in 3D IC Packaging :
The adoption of 3D IC packaging technology is on the upswing. This innovation allows for the stacking of multiple ICs on top of each other, reducing the size and weight of electronic devices. As this technology gains traction, the demand for IC sockets will continue to rise. IC sockets play a pivotal role in securely mounting and connecting these stacked ICs, ensuring their reliable operation.
High-Speed IC Socket Demand :
With the advent of technologies like 5G networks and artificial intelligence, there’s an increasing need for high-speed data transfer capabilities. High-speed IC sockets, designed to minimize signal attenuation and maintain high signal integrity, are becoming essential components in these applications. The demand for such sockets is projected to grow as high-speed applications become more prevalent.
Cost-Effective IC Sockets :
Manufacturers are seeking cost-effective solutions to reduce the production costs of electronic devices. Cost-effective IC sockets, typically crafted from materials like plastic and aluminum, offer a more budget-friendly alternative to metal sockets. This demand for economical solutions is likely to drive the production and utilization of such sockets.
Enhanced Feature IC Sockets :
IC sockets are evolving to meet the demands of high-performance and reliability-sensitive applications. Advanced features like thermal management, electromagnetic interference (EMI) shielding, and security enhancements are being incorporated into IC socket designs. These features cater to industries that require top-tier performance and protection.
Emerging Markets’ Influence :
Emerging markets, such as China, India, and Southeast Asia, are witnessing a surge in IC socket demand. This growth can be attributed to the increased adoption of ICs in these regions and the establishment of more electronic manufacturing facilities. The burgeoning electronics industries in these markets contribute significantly to the overall demand for IC sockets.
Competitor Analysis :
The report also provides analysis of leading market participants including:
Key companies IC Sockets revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies IC Sockets revenues share in global market, 2022 (%)
Key companies IC Sockets sales in global market, 2018-2023 (Estimated), (K Units)
Key companies IC Sockets sales share in global market, 2022 (%)
Key Players Include :
3M Company
Aries Electronics
Enplas Corporation
FCI
Foxconn Technology Group
Mill-Max Mfg. Corporation
Molex, Inc.
Plastronics Socket Company, Inc.
Sensata Technologies B.V.
Win Way Technology Co., Ltd.
Amphenol Corporation
Hirose Electric Company, Ltd.
JST (Japan Solderless Terminal) Corporation
Sumitomo Wiring Systems, Ltd.
Yamaichi Electronics (Thailand) Co., Ltd.