Global 3D ICs market is expected to witness positive growth at a CAGR of 18.1% by 2019

A recent market research report published by Transparency Market Research on 3D ICs has revealed that the global 3D ICs market is expected to witness positive growth at a CAGR of 18.1% during the period from 2013 to 2019. The 3D ICs market was worth US$2.4 billion in 2012. The report, titled “Global 3D ICs Market - Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019”, estimates that the overall market would reach a valuation of US$7.52 billion by the end of 2019.3D IC or three-dimensional integrated circuit refers to a chip in which two or more layers of active electronic components are integrated vertically and horizontally to make a single circuit. 3D IC chips are termed as the future of electronics, as they save space and consume 30-40% less power than 2D ICs. Memory to processor performance also increases through 3D IC chips. The report suggests that the growing demand for efficient solutions, coupled with the rise in number of portable devices such as smartphones and tablets is expected to boost the global 3D ICs market during the forecast period. 

 

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However, the steep cost of 3D ICs and elaborate testing procedures might hamper the growth of the market in the next couple of years. The report mentions that big data and predictive analysis will open up a huge opportunity for the global 3D ICs market in the future. Intsim is an open source CAD tool to simulate 3D ICs. Multi-chip packaging and Intsim are expected to define the future outlook of the overall 3D ICs market.To provide a comprehensive picture of the global 3D ICs market, the report studies the market on the basis of fabrication process, substrate type, product, end-use industry, and geography. On the basis of end-use industries, the report segments the market into military, transport, consumer electronics, information and communication technology, and others. In 2012, the information and communication technology industry accounted for around 24.2% of overall market revenue. According to the report, the consumer electronics and ICT industries will have a substantial impact on the global 3D ICs market in the forecast period.