Executive Summary
The Philippines Integrated Circuit (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
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
Companies Covered:
Key Question Answered
Table of Contents
Report Synopsis
Industry at a Glance
1. Research Methodology
1.1. Objective of the Study
1.2. Research Process
1.3. Data Collection Methods
1.4. Analytical Framework
2. Philippines Integrated Circuits Market – EPTD Analysis
2.1. EPTD Analysis: Philippines Economic Overview
2.2. EPTD Analysis: Philippines Political Overview
2.3. EPTD Analysis: Philippines Technological Overview
2.4. EPTD Analysis: Philippines Demographic Overview
3. Philippines-Integrated Circuit Market-Trade Performance
3.1. Trade Performance of Philippines: 2018-2021
3.1.1. Trade Performance during Pandemic: 2020
3.1.2. Export Performance of Philippines: 2021
3.1.3. Export Performance of Philippines: 2022
3.1.4. Import Performance of Philippines: 2021
3.1.5. Import Performance of Philippines: 2022
3.1.6. Trade Performance of Philippines: 2023
3.2. Philippines Electrical and Electronic Industry: Semiconductor
3.2.1. Philippines Electrical and Electronic Industry Performance: Semiconductor
3.3. Trade Performance Philippines Integrated Circuits
3.3.1. Top 4 Export Destination for Integrated Circuits
3.3.1.1. Major Export Destination for Integrated Circuits: Hong Kong
3.3.1.2. Major Export Destination for Integrated Circuits: China
3.3.1.3. Major Export Destination for Integrated Circuits: United States
3.3.2. Top 5 Import Destination for Integrated Circuits
3.3.2.1. Major Import Destination for Integrated Circuits: South Korea
3.3.2.2. Major Import Destination for Integrated Circuits: China
3.3.2.3. Major Import Destination for Integrated Circuits: United States
3.3.2.4. Major Import Destination for Integrated Circuits: Singapore
4. Philippines Integrated Circuit Market – Past and Present Performance
4.1. Global Integrated Circuit Market- An Overview
4.1.1. The Semiconductor Ecosystem
4.1.2. Philippines Share in Global Integrated Circuit Export
4.1.3. Philippines Position in Global Integrated Circuit Export
4.2. Philippines Integrated Circuit Market – An Overview
4.2.1. Philippines Integrated Circuit Market – Key Facts & Figures
4.2.2. Philippines IC Market Share in Overall Semiconductor Market
4.2.3. Major Electronic Manufacturing Clusters
4.2.4. Map of the Philippines’ Electronics Components Manufacturing Cluster
4.2.5. Philippines Integrated Circuit Supply Chain
4.2.6. Philippines Chip shortage in the last two years driven by demand and supply-side factors
4.2.7. Key Initiatives by Semiconductor and Electronic Industries in the Philippines Foundation, Inc. (SEIPI)
4.2.8. Investment Scenario in 2023
4.3. Philippines Integrated Circuit Market Revenue: Past & Present Performance
4.3.1. Philippines Integrated Circuit Market – by Product Type (Analog, Digital, and Mixed/Micro)
5. Philippines Integrated Circuit Market Segmentation by Product
5.1. Philippines Analog Integrated Circuit: Past & Present Performance
5.2. Philippines Digital Integrated Circuit: Past & Present Performance
5.3. Philippines Mixed/Micro Integrated Circuit: Past & Present Performance
6. Philippines Integrated Circuit Market- Future Outlook
6.1. Philippines Integrated Circuit: Future Outlook
6.2. Philippines Analog Integrated Circuit – Future Outlook
6.3. Philippines Digital Integrated Circuit – Future Outlook
6.4. Philippines Mixed/Micro Integrated Circuit – Future Outlook
6.5. Factors to Drive the Philippines Integrated Circuit Market in the Future
7. Philippines Integrated Circuit Market Dynamics
7.1. Recent Trends & Developments
7.2. Market Drivers
7.3. Market Challenges
8. Philippines Integrated Circuits – Mergers/Acquisitions/Investments 2018-2022
8.1. Mergers/Acquisitions/Investments 2018-2022
9. Philippines Integrated Circuits – Company Profile
9.1. Company Profile- Amkor
9.2. Company Profile- Xinyx Design
9.3. Company Profile- Infineon
9.4. Company Profile- Tokai Electronics Philippines
9.5. Company Profile- Nexperia
9.6. Company Profile- Lattice Semiconductor
9.7. Company Profile- Analog Devices
9.8. Company Profile- ATEC
9.9. Company Profile- Inari Amertron
9.10. Company Profile- Makerlab
Analyst Recommendations
Limitations of the Study
List of Tables & Figures
GDP Growth (Annual %) of Philippines, 2018-2023
Consumer Inflation Rate of Philippines, 2018-2023
FDI Net inflows in Philippines, 2018-2022
Gross National Income per capita in Philippines, 2018-2022
Comparative Analysis of Economic Performance of Philippines V/s Other ASEAN Countries, 2021-2022
Political Framework Parameters of Developed Economies
Political Framework Parameters of Emerging Economies
Philippines Unemployment Rate, 2019-2022
Philippines, Population Distribution by Age, 2020
Philippines, Urban Population (% of total population
Philippines Trade Performance, 2018 to 2021
Top Exports From Philippines, 2021 (%)
Top Exporting countries from Philippines, 2021 (%)
Philippines Merchandise Export Value, 2018 to 2022
Top Imports For Philippines, 2021 (%)
Top Importing countries for Philippines, 2021 (%)
Philippines Merchandise Import by Value, 2018 to 2022
Philippines, Export Value of Semi Conductors, Quarterly, 2020 to 2022
Philippines, Integrated Circuits, Trade (Import/Export) Value, 2018 to 2021
Philippines, Integrated Circuits, Major Export Destinations by Exports value, 2021
Philippines, Integrated Circuits, Exports to Hong Kong in Value 2018 to 2021
Philippines, Integrated Circuits, Exports to China in Value 2018 to 2021
Philippines, Integrated Circuits, Exports to United States in Value, 2018 to 2021
Philippines, Integrated Circuits, Exports to United States in Value, 2018 to 2021
Philippines, Integrated Circuits, Import, South Korea, 2018 to 2021
Philippines, Integrated Circuits, Import to China in Value, 2018 to 2021
Philippines, Integrated Circuits, Import to United States in Value, 2018 to 2021
Philippines, Integrated Circuits, Import to Singapore in Value, 2018 to 2021
Philippines Share in Global Integrated Circuit Export, 2022
Value of Global Export of Integrated Circuit, 2021
Philippines Electronic Export, 2021 Vs. 2022
Electronic Industry Classification
Philippines IC Market in Overall Semiconductor Market (%), 2022
Philippines Integrated Circuit Market Revenue, 2018-2022
Philippines Integrated Circuit Market by Product Type, 2022
Philippines Analog Integrated Circuit Market Revenue, 2019-2022
Philippines Digital Integrated Circuit Market Revenue, 2019-2022
Philippines Digital Integrated Circuit Market Revenue, 2019-2022
Philippines Integrated Circuit Market Revenue Forecast, 2023-2028F
Philippines Analog Integrated Circuit Market Revenue Forecast, 2023-2028F
Philippines Digital Integrated Circuit Market Revenue, 2023-2028F
Philippines Mixed/Micro Integrated Circuit Market Revenue, 2023-2028F
Projected rise in registered motor vehicles in the Philippines, 2020-2040
Philippines Electronics and Electrical Exports, 2024-2028F
Amkor Net sales, 2021-2022
Amkor Global Net Sales by Product Group, 2020-2022
Amkor’s Global Sales by End Market, 2022
Amkor Global Net Sales by Region, 2021-2022
Infineon Global Net sales, 2021-2022
Infineon’s Global Net Sales by Business segmentation , 2022
Infineon’s Global Gross Profit , 2020-2022
Infineon’s Revenue by Region, 2021-2022
Tokai Electronics Global Net sales, 2020-2022
Tokai Electronics Operating Income, 2020-2022
Tokai Electronics Sales by region %, 2022
Nexperia Global Net sales, 2021-2022
Lattice Semiconductor Global Net sales, 2021-2022
Lattice Semiconductor Global Net Income, 2021-2022
Lattice Semiconductor Revenue % by Geography, 2022
Lattice SemiconductorRevenue % by markets, 2022
Analog Devices Global Revenue ,2022
Analog Devices Revenue % by markets, 2022
Analog Devices Revenue by markets, 2022
Inari Amertron Global Revenue, 2018-2022
Inari Amertron EBITDA, 2018-2022
Inari Amertron Segment 1 Revenue, 2021-2022
Inari Amertron Segment 2 Revenue, 2021-2022