MARKET OVERVIEW
Fabless IC design refers to a business model in which companies focus exclusively on the design and development of integrated circuits (ICs) while outsourcing wafer fabrication, packaging, and testing to specialized third-party foundries.
Unlike the IDM (Integrated Device Manufacturer) model, fabless companies do not operate their own semiconductor manufacturing plants.
MARKET SIZE & GROWTH
• The global Fabless IC Design Market was valued at US$ 236,240 million in 2024.
• It is projected to reach US$ 592,600 million by 2031.
• The market is expected to grow at a CAGR of 14.4% during the forecast period.
