As digital transformation accelerates worldwide, the Secure IC (Integrated Circuit) market is becoming a foundation of hardware-based security for devices ranging from IoT sensors to connected vehicles and mobile payment systems. The Secure IC market, which encompasses cryptographic ICs, secure microcontrollers, TPM chips, smart card ICs, and embedded secure elements, was valued at approximately USD 15 billion in 2024 and is projected to reach USD 27.5 billion by 2032, reflecting a CAGR of 7.2%. Asia-Pacific is currently the largest regional market, driven by IoT adoption, automotive electronics, and government-backed digital identity programs, while North America sees strong growth due to telecom infrastructure upgrades, cloud computing security requirements, and enterprise adoption of AI-driven IC security solutions. Regional trends also point toward low-power encryption ICs for wearables and post-quantum cryptography adoption for next-generation cybersecurity.
Secure ICs overview
Published by MMR Statistics Research Team, Updated