The forecasted import value of monolithic integrated circuits (except digital) to the US is set to grow steadily from $42.965 billion in 2024 to $48.427 billion in 2028, marking a continuous upward trend. Previously, the import data for 2023 stood at approximately $41.5 billion. The year-on-year growth ranges consistently around 3-4%, indicating sustained demand and expansion within this market segment. The compound annual growth rate (CAGR) over the five-year forecast suggests an average increase of roughly 3.0% annually.
Future trends to watch for include advancements in semiconductor technology, potential disruptions in global supply chains, and policy shifts impacting trade. Additionally, consider the impact of innovations such as the growth of the Internet of Things (IoT) and increased demand for smart devices, which will likely fuel further growth in this sector.
