Global Fabless IC (Integrated Circuit) Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. Fabless IC is also termed as no fabrication integrated circuit. It is exclusively used in smartphones, digital cameras, and the sophisticated smart cars.

Fabless IC is a sale and design of semiconductor chips and hardware devices while subcontracting the fabrication of the devices to a particular manufacturer called a semiconductor foundry. This means manufacturers do not produce the silicon wafers, or chips, used in its products.

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Fabless IC Market is segmented based on product types, applications, and region. Product types such as In-Cell Touch Screen and On-Cell Touch Screen classify the market.

Applications into Wearables, Automotive, Fitness Equipment, Construction Equipment, Medical, and others classify Fabless IC Market. Fabless IC Market is segmented geographically into Americas (North America, Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.

Globally, North America accounts for the largest market share of Fabless IC Industry and is estimated to lead the overall market in the years to come. The reason being, rising use of enhanced technology.

The United States is a major consumer of Fabless IC in this region. Europe and the Asia Pacific follow suit. On the other hand, Asia Pacific is estimated to grow at fastest pace in the years to come. The key players of Fabless IC Market are Microsoft Corporation, Avnet Inc., Intel Corporation, Esterel Technologies Sa, Green Hills Software Inc., Planar Systems Inc., Anders Dx, Multitouch Ltd., Enea Ab, and Altia Inc.

These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

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