Research Nester assesses the growth and market size of global IC socket market which is anticipated to be on account of the growing demand for electronic devices.
New York – December 18, 2023- Research Nester’s recent market research analysis on “IC Socket Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global IC socket market in terms of market segmentation by type, IC test socket resin type, IC mounting socket, IC cutting process industry, application, industry vertical, and by region.
Growing Demand in Electronic Device Manufacturing to Promote Global Market Share of IC Socket
The global IC socket market is estimated to grow majorly on account of the increased demand for electronic device production. Miniaturization in electronic devices means implementing more transistor nodes on smaller integrated circuits. The IC is then integrated into the desired system or device, and once assembled, the system is able to perform its desired function. As electronic devices become more compact and portable, smaller and lighter components are urgently needed. IC sockets, used to connect integrated circuits to printed circuit boards, play an important role due to space efficiency, the light weight of resin materials, and the efficiency of electronic devices.

Some of the major growth factors and challenges that are associated with the growth of the global IC socket market are:
Growth Drivers:
• Surge in Demand in the Telecommunication Sector
• Rising 5G Technology
Challenges:
The production and disposal of electronic components, comprising IC sockets, raise environmental concerns. Manufacturers need to find ways to reduce their environmental footprint by using sustainable materials and designing recyclable or biodegradable products. Competition from Alternatives and the high cost of IC sockets are some of the major factors anticipated to hamper the global market size of IC sockets.
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By type, the global IC socket market is segmented into IC testing socket and IC mounting socket. The IC mounting socket segment is to garner a significant revenue of USD 1.12 billion by the end of 2036 by growing at a significant CAGR over the forecast period. The growing electronics industry, product development, and prototypes which often involve testing and iteration are creating an increasing demand for IC mounting sockets in the IC Socket market. In cases where easily interchangeable IC components are required, as well as in the field of testing and prototype work, IC sockets are frequently used. They are available in different form factors, such as DIP sockets or PLCC sockets, depending on the IC package type.
By region, the Japan IC Socket market is to generate substantial revenue by the end of 2036. The market in Japan region is set to hold a CAGR of 6.98% during the time period between 2023 – and 2036. Japan is the hub of popular and advanced tech companies in the world that produce high-tech products from time to time. The use of IC sockets made out of resin materials in a variety of electronic devices from consumer electronics such as smartphones and tablets to industrial appliances is also found. The smartphone penetration rate is huge in Japan. A recent survey revealed that in Japan children are getting their first mobile phones at an increasingly young age, and 51.6% of parents were giving them to their kids when they started elementary school.

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This report also provides the existing competitive scenario of some of the key players of the global IC socket market which includes company profiling of Smiths Interconnect, Leeno Industrial Inc., Sensata Technologies, Inc., Ironwood Electronics, 3M • JF Technology, Mill-Max Mfg. Corp., Advanced Interconnections Corp., Enplas Corporation, SABIC.,, and others.
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