Ic Socket Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The IC socket market is expected to witness a CAGR of 9.11% over the forecast period 2021–2026. The growing adoption of ICs, especially memory applications and their complexity increases due to increasing their functionality, are some of the major factors driving the growth of the IC test socket market. Recent advancements like 5G, IoT, Data Centers, RF devices, LPDDR5 DRAM, and Electric & Autonomous Vehicles, are expanding the studied market scope over the forecast period.
Key HighlightsThe IC Socket market is neither highly competitive nor has a limited number of players. The IC Socket market is witnessing many mergers and acquisitions among regional players. In the past few years, acquisitions have been one of the major growth strategies of the companies to increase their revenue share in the market.
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