The demand for I2C bus in Western European countries is estimated to generate a revenue of around USD 1,662.6 million in 2024. I2C bus sales in Western Europe are projected to inflate at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2034. By the end of this projection period, the revenue-generating capacity of I2C bus manufacturing industries based in Western Europe is expected to reach USD 3,078.9 million.
| Attributes | Details |
|---|---|
| Industry Size of Western Europe in 2024 | USD 1,662.6 million |
| Expected Industry Size of Western Europe by 2034 | USD 3,078.9 million |
| Forecasted CAGR between 2024 to 2034 | 6.4% |
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Growing Need for IoT Devices: The I2C bus technology is in high demand as a result of recent advancements and the widespread adoption of IoT devices by residents and industries in Western European countries.
Rising Export of Automotive: The introduction of smart sensors in both passenger and commercial vehicles has increased the use of integrated circuit (I2C) buses in the automotive industry. In line with this development, the expanding electric vehicle manufacturing sector has also emerged as a key reason for the growing demand for I2C bus in Western Europe.
Role of European Regulators: Regulators in Western European countries frequently encourage and mandate the adoption of standardized communication protocols. This, in turn, has also prompted the adoption and implementation of inter-integrated circuit or I2C bus in Western Europe by electronics manufacturers.
The bidirectional I2C bus segment dominates over the unidirectional I2C bus segment and is expected to capture 66.7% of the overall demand in 2024.
| Leading Type for I2C Bus in Western Europe | Bidirectional I2C Bus |
|---|---|
| Total Value Share (2024) | 66.7% |
Bidirectional I2C technology is well-known for its low energy consumption, which attracts businesses seeking to produce goods with minimal electricity use. This is also in line with Europe's focus on energy conservation goals which is expected to retain the dominance of the bidirectional I2C segment over the coming years.
According to our survey, the demand for I2C bus with fast-mode technology is higher in Western European countries. In 2024, this segment is anticipated to garner about 29.4% of the total sales of I2C bus in the region.
| Leading Data Transfer Mode Type for I2C Bus in Western Europe | Fast Mode (up to 400 kbit/s) |
|---|---|
| Total Value Share (2024) | 29.4% |
Many businesses in Western Europe are making significant investments in research and development. This has fuelled the development of fast-mode I2C bus technology. Competitiveness, cost-cutting, and product enhancement are all driven by the use of the internal integrated circuit bus with a communication speed of 400 kbit/sec, making it the leading segment in the region.
| Key Countries in Western Europe | Value CAGR (2024 to 2034) |
|---|---|
| Germany | 7.6% |
| United Kingdom | 8.7% |
| France | 5.1% |
Germany, with a huge electronics manufacturing industry base, is the leading producer of I2C bus in Europe. Over the next ten years, this production volume is expected to increase by 7.6% per year.
Germany is now emphasizing industrial automation heavily and it could accelerate the adoption of communication devices in many industries located in the country. Given the critical role that I2C technology plays in enabling communication between components in automated systems the domestic demand for I2C bus is anticipated to soar higher.
The demand for I2C bus in the United Kingdom is anticipated to witness a higher growth rate of 8.7% per year from 2024 to 2034.
The United Kingdom is renowned for having a highly developed healthcare system with hospitals and medicals equipped with advanced digital monitoring systems. With further expansion of the healthcare infrastructure and medical tourism in the country, there is a corresponding rise in the use of and demand for I2C Bus components.
France has emerged as an important manufacturing hub of different electronics components for global players in the last few years. As per our analysis, the I2C bus production in the country is projected to witness a 5.7% CAGR through 2034.
France is hopeful to transform its national economy on the back of its rapidly developing electronics sector, encompassing semiconductor and device producers. So the regional industries are expected to experience some newfound opportunities in the country as the I2C bus is highly demanded by such industrial ecosystems.
Owing to the presence of very few renowned I2C bus manufacturing companies, the competition among Western European players is relatively low. However, the emergence of many small players in recent years that design and manufacture I2C bus products has increased the competition to some degree.
European electronics and semiconductor circuit manufacturers frequently work with universities, research centers, and other tech firms. This encourages the sharing of information, creativity, and the creation of cutting-edge I2C solutions and is expected to encourage start-ups to enter the sector.
Recent Developments Observed in I2C Bus in Western Europe
| Attribute | Details |
|---|---|
| Estimated Industry Size in 2024 | USD 1,662.6 million |
| Projected Industry Size by 2034 | USD 3,078.9 million |
| Anticipated CAGR between 2024 to 2034 | 6.4% CAGR |
| Historical Analysis of Demand for I2C Bus in Western Europe | 2019 to 2023 |
| Demand Forecast for I2C Bus in Western Europe | 2024 to 2034 |
| Report Coverage | Industry Size, Industry Trends, Analysis of key factors influencing the Adoption of I2C Bus in Western Europe, Insights on Global Players and their Industry Strategy in Western Europe, Ecosystem Analysis of Local and Regional Western Europe Manufacturers |
| Key Countries Analyzed while Studying Opportunities in I2C Bus in Western Europe | Germany, Italy, France, Spain, United Kingdom, BENELUX, Rest of Western Europe |
| Key Companies Profiled | NXP Co. Ltd.; Infenion Technologies; STMicroelectronics; Dialog Semiconductors; Imagination Technologies; Robert Bosch GmbH; Siemens Inc.; Continental AG; Valeo Co. Ltd. |
The expected CAGR for the industry in Western Europe through 2034 is 6.4%.
The demand for I2C bus in Western Europe is anticipated to reach USD 3,078.9 million by 2034.
The rising popularity of IoT devices has increased the regional sales.
I2C bus products with fast mode are used more in Western European countries.
The bidirectional I2C segment currently accounts for 66.7% of overall industry.
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I2C Bus Industry Analysis in Western Europe
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