Increasing Demand for Innovative Electronic Devices fuels the growth of the global Fabless IC market at a CAGR of 17.9 % during the forecast period 2024 to 2032.

Market Research Future (MRFR) has published a cooked research report on the “global Fabless IC market” that contains the information from 2019 to 2032. The Fabless IC market is estimated to register a CAGR of 17.9 % during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global Fabless IC market— Qualcomm Inc., Broadcom Inc., Silicon Labs, MediaTek Inc., NVIDIA Corporation, Xilinx Inc., Himax Technologies Inc., Ambarella Inc., Infineon Technologies AG and Renesas Electronics Corporation among others.

Market Highlights

The global Fabless IC market is accounted for to register a CAGR of 17.9% during the forecast period and is estimated to reach USD 4,39,469.8 million by 2032.

The fast progression of technology has led to a strong need for innovative electronic gadgets that can address different issues, enhance user satisfaction, and open new possibilities. Innovative electronic devices involve the design, development, and testing of new devices utilizing electronic components like transistors, resistors, capacitors, sensors, microcontrollers, and others. The devices can vary from basic circuits to advanced systems that carry out a variety of tasks like computing, communication, sensing, control, and entertainment. The rise in demand of electronic devices like smartphones, Smart wearables, and IoT devices is driving up the demand for fabless integrated circuits (ICs).

Fabless IC firms concentrate on creating and promoting chips without possessing the production facilities, depending on outside foundries for production. Fabless ICs is also used in many other Industries such as automotive, healthcare, and industrial automation as there is a rising demand within the industry there is rise in demand for custom chips to support advancements like self-driving cars, medical tools, and Automated factories.

The demand for cutting-edge electronic devices increases the demand for fabless ICs also increases. Fabless IC companies such as Qualcomm and MediaTek create processors that are used by smartphones Company. According to Semiconductor industry Association, The U.S. CHIPS Act was approved in June 2020 and revised in 2022, offering significant backing for domestic semiconductor manufacturers in US, as American companies have disclosed intentions to expand production capacity. Within the U.S., there are fabless firms that operate globally, with many holding strong positions in their specific markets.

Segment Analysis

The global Fabless IC market has been segmented based on Type and End Use Industry.

Based on type, the global Fabless IC market is segmented into Microcontrollers (MCUs), Digital Signal Processors (DSP), Graphic Processing Units (GPUs), Application Specific Integrated Circuits (ASIC), Power Management ICs (PMICs), Display Driver ICs, Memory ICs, and Others. Memory ICs hold the largest market share in 2023. Memory chips can hold memory permanently using short-term random-access memory (RAM), Static Ram (SRAM) or read-only memory (ROM).

Based on end use type, the global Fabless IC Market is segmented into Consumer Electronics, Automotive, Industrial, Telecommunication, Healthcare, Aerospace & Defense, and Others. In 2023, telecommunication accounted for the largest market share. Increasing demand for high-speed data connections, the proliferation of connected devices due to the Internet of Things (IoT), and the increasing adoption of cloud computing are all driving the telecom market for ICs that provide signal processing, modulation and demodulation at base stations is increasing.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Fabless IC Market Research Report

Regional Analysis

By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East and Africa and South America. North America hold the second-largest market share, primarily due to the pioneering advancements in semiconductor and IC technology and its components, notably led by the United States, a frontrunner in the IC industry. This dominance is largely attributed to the significant consumer demand for products like tablets, smartphones, and various other consumer electronics within the region.

Europe region consists of UK, Germany, France, Rest of Europe for the study. The surge in industrial automation and the implementation of Industry 4.0, alongside the deployment of automated material handling systems like industrial robots, COBOTs, rollers, and automated guided vehicles, are driving the demand for IC. Prospects for the IC industry is anticipated to thrive with the increasing demand for hybrid and electric vehicles.

The Asia Pacific market is poised to record the highest compound annual growth rate (CAGR) throughout the forecast period. This growth is largely driven by the availability of abundant raw materials and cheap labour in the industry. The increasing demand is driven by rising standards of living in countries such as China, India, Japan, and South Korea, with a focus on various material goods such as self-driving cars, advanced electronics, appliances processing and on advanced medical devices.

Key Findings of the Study

• The global Fabless IC market is expected to reach USD 4,39,469.8 million by 2032, at a CAGR of 17.9% during the forecast period.


• The Asia Pacific region accounted for the fastest-growing global market.


• Based on Type, the Memory ICs segment was attributed to holding the largest market in 2023.


• Qualcomm Inc., Broadcom Inc., Silicon Labs, MediaTek Inc., NVIDIA Corporation, Xilinx Inc., Himax Technologies Inc., Ambarella Inc., Infineon Technologies AG and Renesas Electronics Corporation and Others among others are some of the players in the market.