IC Socket Market 2028 By Size, Share, Demand, Growth, Forecast
Increasing demand for power management and power-efficient products, and expanding industrial applications scope for analog ICs are a major factor attributable to the growth of the market. According to TechSci Research report, “ Global IC Socket Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028” . The Global IC Socket is anticipated to project robust growth in the forecast period with a CAGR of 4.62% through 2028, The major characteristic requirements for test sockets by IC manufacturers in the current market is long insertion life without contact degradation. However, a long-life, high-performance IC test socket is at least ten times costlier. Providing for a removable interface is a significant reason for using a test socket and is essential for ease of assembly and cost savings in the IC manufacturing process. With growing advanced applications, more and more functions are integrated into ICs with size reduction; hence, there is ...