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ICS, LED And PCB : Trending Facts & Insights

The tenets of today’s hi-tech world hinge on three crucial components, namely, the ICS (Integrated Circuits), LED (Light Emitting Diodes), and PCB (Printed Circuit Boards) markets. These are the most-used components in producing consumer electronics, automotive, telecommunications, healthcare, and industrial automation interfaces.

The size of the ICS, LED, and PCB market in one figure, considering all regions, will exceed US $650 billion by 2030. The following will be the key drivers:
ICS Market: Around US$200 billion in 2024, driven by smartphones, computers, automotive, and IoT applications.
LED Market: Valued at approximately US$120 billion in 2024, thanks to an increasing use of energy-saving lighting and display equipment worldwide.
PCB Market: Estimated to be around US$80 billion in 2024, largely due to high-density interconnects and flexible circuits.
Asia-Pacific leads the market, followed closely by North America and Europe.


Global ICS, LED and PCB Industry


Overview

The tenets of today’s hi-tech world hinge on three crucial components, namely, the ICS (Integrated Circuits), LED (Light Emitting Diodes), and PCB (Printed Circuit Boards) markets. These are the most-used components in producing consumer electronics, automotive, telecommunications, healthcare, and industrial automation interfaces.

The size of the ICS, LED, and PCB market in one figure, considering all regions, will exceed US $650 billion by 2030. The following will be the key drivers:
ICS Market: Around US$200 billion in 2024, driven by smartphones, computers, automotive, and IoT applications.
LED Market: Valued at approximately US$120 billion in 2024, thanks to an increasing use of energy-saving lighting and display equipment worldwide.
PCB Market: Estimated to be around US$80 billion in 2024, largely due to high-density interconnects and flexible circuits.
Asia-Pacific leads the market, followed closely by North America and Europe.

Types & Definition

ICS (Integrated Circuits): Electronic miniaturized circuits that perform specific functions such as processing, storage, and power management.
LEDs (Light Emitting Diodes): Semiconductor devices that produce light within a range of wavelengths when current is applied and are used for lighting and displays.
PCBs (Printed Circuit Boards) are a base that mechanically holds electronic components and connects them through electrical paths in the form of copper traces.

1. ICS types: analog, digital, mixed-signal, microcontrollers, memory chips, and power ICs.
2. LED types: General-purpose LEDs, high-power LEDs, OLEDs, and UV LEDs.
3. PCB Types: Single-sided, double-sided, multilayer, flex PCBs, rigid-flex PCBs, high-density interconnect PCBs, and so on.

Industry Trends

1. Demand for increased performance components that are smaller in size due to growing consumer electronic use.
2. Energy-Saving LEDs and Non-Toxic Materials for Making LEDs.
3. New Age materials like gallium nitride (aluminum) and silicon carbide, which are used in LEDs as well as microchips.
4. Robotics and Machine Learning: AI is enhancing the effectiveness of IC, LED, and PCB manufacturing processes.
5. Deployment of 5G in Many Western Countries is Increasing the Supply Need of High-performance ICs and PCBs Market Strategy.

Facts & Insights

The ICS market heavily relies on chips with advanced nodes. On the other hand, AI and 5G are aiding in the search for innovations.
Over 60 percent of the global light market is dominated by this technology. At the same time, there is an increasing demand for OLED screens in high-end device segments.
Rigid-flex PCBs, as well as flexible PCBs, are also used in foldable phones and wearable devices, respectively.
China is a major producer of ICS, LEDs, and PCBs, and it captures more than 50 percent of the total market.
The move toward electrically propelled vehicles (EVs) is having a significant impact on the global consumption of ICS, LEDs, and PCBs for the automotive industry.

Market Segment

We can also categorize the market in the following way:
1. By Component Core: ICS (Microcontrollers, Memory, Power ICS), LEDs (Standard, Organic, UV light), PCBs (Single layer, Multiple layer, flexible)
2. By end-user: consumer electronics, automobiles, healthcare, industrial automation, and telecommunications.
3. By Region: North America, Europe, Asia-Pacific, Latin America, Middle East, & Africa.

Industry Leader

1. Intel Corporation: The American-based company providing the most advanced semiconductor technology.
2. Samsung Electronics: Well known for its production of memory chips and OLED devices.
3. Taiwan Semiconductor Manufacturing Company (TSMC): A leading foundry service provider for ICS.
4. Nichia Corporations: This company pioneered the first Light Emitting Diode technologies.
5. Zhen Ding Technologies: High-density PCBs are the leading products that this company manufactures.


Frequently Asked Questions

The integrated circuits that are used for processing and control are ideally known as ICS, while the LED lights are known as efficient energy utilization components. The other component provides the mechanical structure and assists with the connection of the other components in the device.
The development of consumer electronics, automotive technologies, the internet of things, and 5G networks significantly influences growth.
The Asia-Pacific region is leading, predominantly China, then followed by North America and Europe.
The challenges include supply chain disruption, rising material costs, and environmental concerns.
This is in a way that innovative technologies such as artificial intelligence and automation, as well as the use of advanced materials, are at the forefront of enhancing the efficiency of production processes for ICS, LED, and PCB production.