Integrated circuits market seen reaching $658.23B by 2030

The integrated circuits market is projected to grow from $424.75 billion in 2025 to $658.23 billion by 2030, according to The Business Research Company. The forecast points to AI chipsets, EV power electronics, 5G devices, industrial automation and IoT demand as the main growth drivers. Why it matters: - Integrated circuits sit at the center of smartphones, computers, connected devices and industrial machinery, so demand for chips tracks broader electronics and automation spending. - The market forecast signals continued momentum in semiconductors as AI, electric vehicles, 5G and IoT add pressure for more advanced chip designs. What happened: - The Business Research Company projected the integrated circuits market will rise from $424.75 billion in 2025 to $462.81 billion in 2026. - The company said the market is expected to reach $658.23 billion by 2030, implying a 9.2% compound annual growth rate. - The release was dated June 18, 2026, and identified Asia-Pacific as the largest regional market in 2025, with North America second. The details: - Integrated circuits are semiconductor devices that combine transistors, resistors and capacitors on a single chip. - Miniaturization lowers size, cost and energy use while improving functionality. - The market’s recent growth has been supported by higher consumption of electronic devices, expanded semiconductor fabrication capacity, early adoption of automated manufacturing, growth in communication technology and rising use of microprocessors. - The forecast period is expected to be driven by AI-optimized chipsets, demand for EV power electronics, 5G-enabled gadgets, industrial automation and wider integration of sensors and IC systems. - The report also points to AI-specific integrated circuit architectures, more automation in semiconductor manufacturing and stronger IoT-compatible chip functions as key trends. - IoT remains a major demand driver because ICs handle sensing, processing and transmission for connected devices. - Analog ICs support automated device ecosystems through lower power use and advanced signal processing. - IoT Analytics reported in October 2025 that connected IoT devices reached 18.5 billion in 2024, up 12% from 2023. - The market analysis covers Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa. - The Business Research Company said its 2026 reports include market attractiveness scoring, TAM analysis, company scoring matrix graphics, Excel-based forecasting dashboards, market hotspots infographics and updated graphics and tables. - The company said it has more than 30,000 reports across 27 industries and 60+ geographies, supported by 1,500,000 datasets and its Global Market Model platform. Between the lines: - The forecast suggests integrated circuits are no longer just a component market. They are a proxy for how fast AI hardware, connected devices and industrial digitization are scaling. - Asia-Pacific’s lead reflects the region’s central role in electronics manufacturing and supply chains. - The 9.2% CAGR through 2030 indicates sustained demand rather than a short-term cycle. What’s next: - The Business Research Company is positioning its 2026 market report series around forecasting tools and strategy inputs for buyers tracking chip demand. - Continued adoption of IoT devices, EV systems and AI-enabled hardware is likely to keep pressure on chip makers to expand capacity and improve design efficiency. The bottom line: - Integrated circuits remain one of the most important growth areas in electronics, with AI, IoT and electrification expected to drive the market higher through 2030. More information