IMARC Group, a leading market research company, has recently releases report titled “Microcontroller Socket Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The global microcontroller socket market size reached US$ 1.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.5% during 2023-2028.
Microcontroller sockets also referred to as integrated circuit (IC) sockets, represent static connectors designed for low-power devices. Small outline package (SOP), dual-in-line package (DIP), quad-flat package (QFP), ball grid array (BGA), and small outline IC (SOIC) are some standard product variants. Microcontroller sockets are used to safely insert and remove IC chips that may get damaged from soldering. In addition, these connectors offer various advantages, such as optimal data bandwidth, flexibility, low power consumption, susceptibility, high-end user interface support, and reduced system cost. As a result, microcontroller sockets find widespread applications across several sectors, including consumer electronics, industrial, medical, automotive, military, and defense.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/microcontroller-socket-market/requestsample
Microcontroller Socket Market Trends and Drivers:
The escalating product demand for supporting the small design and high level of integration in body electronics, driving safety, and information devices is among the primary factors driving the microcontroller socket market. Besides this, the elevating requirement for smart energy in metering and power line communications with high accuracy that aids in improving the performance of meters is further augmenting the market growth. Moreover, the introduction of miniaturized microcontroller sockets that support high-performance, high-density demands and deliver fast solutions is also catalyzing the global market.
Apart from this, the extensive utilization of BGAs that are usually preferred for permanently mounted devices, such as microprocessors, and are used for ICs and area type of surface-mount packaging is acting as another significant growth-inducing factor. Additionally, the inflating need for automation that assists in miniaturization and digitization and facilitates dynamics in the field of technology is also stimulating the market growth. Furthermore, the development of IC packaging techniques that deliver a high application in a low-cost, -profile, and -power design and the growing product popularity in the military and defense industry for enhanced security are anticipated to propel the microcontroller socket market over the forecasted period.
Who are the key players operating in the industry?
- Advanced Interconnections
- Andon Electronics
- Aries Electronics Inc.
- Johnstech International Corporation
- Loranger International Corporation
- Microchip Technology
- Mill-Max Mfg. Corp.
- PRECI-DIP SA
- TE Connectivity and Texas Instruments Inc.
The report has been segmented the market into following categories:
Breakup by Product:
- DIP
- BGA
- QFP
- SOP
- SOIC
Breakup by Application:
- Automotive
- Consumer Electronics
- Industrial
- Medical Devices
- Military and Defense
By Geography:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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