According to Cognitive Market Research, The Global Fabless IC market size is USD 135.5 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2023 to 2030.
Continuous technological advancements in the semiconductor industry drive innovation in the fabless IC market, benefitting fabless companies by enabling them to offer advanced chips and fueling market growth.
Outsourcing semiconductor manufacturing to foundries enables fabless IC companies to focus on design and innovation, enhancing cost efficiency and market agility.
Fastest-growing Fabless IC segment: Auto components, driven by rising semiconductor integration in vehicles, spurring demand for specialized components.
North America will continue to lead, whereas the Asia Pacific Fabless Ic market will experience the strongest growth until 2030.
