Integrated Circuit Market in the Philippines (2018-2028)

Integrated Circuit Market in the Philippines (2018-2028)

Executive Summary

The Philippines' IC market has seen substantial growth over the years, driven by several factors including investment, skilled labor, government support, and strategic geographical positioning. The industry's rise has not only contributed to economic development but has also positioned the country as a reliable contributor to the global electronics supply chain.

Philippine made integrated circuits have gained recognition on the international stage, finding their way into products and technologies across the globe. The country has been a prominent exporter of semiconductor products, serving as a vital link in the global electronics value chain. In 2022 with total revenue of USD 45.66 billion, or 57.8% of all exports, electronic products remained the largest commodity group for the nation's exports followed by other manufactured items with an export value of USD 3.83 billion at 4.8% and other mineral products with USD 3.84 billion at 4.9%. Its export destinations span Asia, North America, and Europe, underscoring the versatility of its IC offerings.

Product Segmentation

By Product Type (Analog, Digital and Mixed/Micro): Digital Integrated Circuits have the largest market share. The Philippines' market for digital integrated circuits has been impacted by a number of elements, including governmental efforts, consumer demand, market trends, and technical breakthroughs. Modern electronics, including smartphones, laptops, Internet of Things (IoT) devices, and other gadgets, rely heavily on digital integrated circuits (ICs).

Analog Integrated Circuits: The Philippines has a notable presence in the analog integrated circuit market. Companies engaged in semiconductor manufacturing and assembly, including analog ICs, have established operations in the country. Analog ICs are used in diverse applications such as consumer electronics, automotive electronics, industrial equipment, telecommunications, and more. The growing demand for these products has contributed to the expansion of the analog IC market in the Philippines.

Mixed/Micro Integrated Circuits: Mixed-signal ICs are fundamental in bridging the gap between the analog world and the digital world.The evolution of 5G technology, the expansion of IoT applications, and the need for energy-efficient solutions will likely contribute to the continued importance of mixed-signal ICs in various industries.

Key Developments

• The government is developing Industry 4.0 roadmaps for electronics, automotive, aerospace, and agro in collaboration with UNIDO. To connect innovation stakeholders with entrepreneurs and hasten the commercialization of R&D investments, regional inclusive innovation centres (RIICs) are also being developed.
• According to the Philippines' Board of Investment (BOI), Taiwanese companies in the electronics manufacturing sector are considering major investments there. Taiwan was the tenth greatest foreign investor in the Philippine economy in 2022, according to PNA, with foreign direct investments totaling more than USD 21 million.
• In February 2022 Intel announced intentions to purchase Tower Semiconductor, a company that specializes in analogue semiconductors used in automobiles, cell phones, and medical equipment. The business anticipates investing USD 5.4 billion on the deal.

Growth Prospects for Philippines Integrated Circuits Market

The Philippines Integrated Circuit Market has come a long way, evolving from a nascent industry to a significant player in the global electronics arena. With its focus on manufacturing excellence, government support, and a skilled workforce, the country is poised to continue its upward trajectory. As it navigates the challenges and seizes the opportunities presented by the dynamic semiconductor landscape, the Philippines is sure to leave an indelible mark on the world of technology.

As we look to the future, the Philippines' IC market holds promise. Further investments in research and development, advancements in technology, and strategic partnerships can position the country as a global hub for semiconductor innovation. The integration of artificial intelligence, the Internet of Things (IoT), and other cutting-edge technologies will likely shape the industry's direction.

The study conducted by Makreo Research title “Integrated Circuit Market in the Philippines (2018-2028)- Size, Share, and Growth Forecast for Analog, Digital, and Mixed/Micro Circuits" provides a comprehensive analysis of the market, encompassing a wide range of factors. The report takes into account both qualitative and quantitative factors, indicating a well-rounded approach to analysis. The inclusion of both qualitative and quantitative factors in the study ensures that readers gain a more complete understanding of the Philippines Integrated Circuit Market. It goes beyond mere numbers and incorporates insights into consumer behavior, industry trends, and market dynamics. This holistic approach enhances the overall analysis and makes the study a valuable resource for individuals or organizations interested in exploring the semiconductor, integrated circuit , Digital IC’s, Analog IC’s, Mixed IC’s, Investment scenario, in Philippines. Moreover, the report's focus on past and present performance, as well as potential growth opportunities in the future, enables readers to identify key areas of interest and investment.

Market Assessment: The report examines opportunity for the Philippines Integrated Circuit market on various grounds including

• Philippines Integrated Circuit Market revenue and performance,
• Philippines Analog Integrated Circuit Market revenue and performance
• Philippines Digital Integrated Circuit Market revenue and performance
• Philippines Digital Integrated Circuit Market revenue and performance

Companies Covered

Amkor, Xinyx Design, Infineon, Tokai Electronics Philippines, Nexperia, Lattice Semiconductor, Analog Devices, ATEC, Inari Amertron, Makerlab.

Key Question Answered

1. How Philippines economy has performed in the past and future expected growth outlook?

2. How Philippines Integrated Circuit industry has performed in the past and what is the present scenario?

3. What are the key challenges present in the industry?

4. What is the demand and supply scenario in the country?

5. What sectors are accounting for major contribution in the country’s Integrated circuit market?

6. Who are the key players in the market and what is their present state of performance?

7. What are the key Business Highlights of the players?

8. How integrated circuits market is shaping up for future and what is the role of government?