| Product Code: ETC7372728 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada continued to rely heavily on imports of integrated circuits (ICs), with the top exporting countries being the USA, Trinidad and Tobago, China, UK, and Barbados. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry experienced a significant decline in both the compound annual growth rate (CAGR) from 2020 to 2024 at -8.09% and the growth rate from 2023 to 2024 at -37.38%. This suggests challenges in the IC import market in Grenada, highlighting the need for strategic interventions to stimulate growth and diversification.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Grenada Integrated Circuit (IC) Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Integrated Circuit (IC) Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Integrated Circuit (IC) Market - Industry Life Cycle |
3.4 Grenada Integrated Circuit (IC) Market - Porter's Five Forces |
3.5 Grenada Integrated Circuit (IC) Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Integrated Circuit (IC) Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Integrated Circuit (IC) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for advanced electronic devices and technologies that use integrated circuits. |
4.2.2 Growing adoption of IoT (Internet of Things) devices and applications. |
4.2.3 Technological advancements in the semiconductor industry leading to the development of more efficient and powerful integrated circuits. |
4.3 Market Restraints |
4.3.2 Competition from established players in the global integrated circuit market. |
4.3.3 Regulatory challenges and compliance requirements in the semiconductor industry. |
5 Grenada Integrated Circuit (IC) Market Trends |
6 Grenada Integrated Circuit (IC) Market, By Types |
6.1 Grenada Integrated Circuit (IC) Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Integrated Circuit (IC) Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Grenada Integrated Circuit (IC) Market Revenues & Volume, By Analog, 2021- 2031F |
6.1.4 Grenada Integrated Circuit (IC) Market Revenues & Volume, By Logic, 2021- 2031F |
6.1.5 Grenada Integrated Circuit (IC) Market Revenues & Volume, By Memory, 2021- 2031F |
6.1.6 Grenada Integrated Circuit (IC) Market Revenues & Volume, By Micro, 2021- 2031F |
6.2 Grenada Integrated Circuit (IC) Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Integrated Circuit (IC) Market Revenues & Volume, By Consumer Electronics, 2021- 2031F |
6.2.3 Grenada Integrated Circuit (IC) Market Revenues & Volume, By Automotive, 2021- 2031F |
6.2.4 Grenada Integrated Circuit (IC) Market Revenues & Volume, By IT & Telecommunications, 2021- 2031F |
6.2.5 Grenada Integrated Circuit (IC) Market Revenues & Volume, By Industrial, 2021- 2031F |
6.2.6 Grenada Integrated Circuit (IC) Market Revenues & Volume, By Others, 2021- 2031F |
7 Grenada Integrated Circuit (IC) Market Import-Export Trade Statistics |
7.1 Grenada Integrated Circuit (IC) Market Export to Major Countries |
7.2 Grenada Integrated Circuit (IC) Market Imports from Major Countries |
8 Grenada Integrated Circuit (IC) Market Key Performance Indicators |
8.1 Average selling price (ASP) of integrated circuits in the Grenada market. |
8.2 Percentage of revenue invested in research and development for new integrated circuit technologies. |
8.3 Adoption rate of Grenada-made integrated circuits in key industries or applications. |
9 Grenada Integrated Circuit (IC) Market - Opportunity Assessment |
9.1 Grenada Integrated Circuit (IC) Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Integrated Circuit (IC) Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Integrated Circuit (IC) Market - Competitive Landscape |
10.1 Grenada Integrated Circuit (IC) Market Revenue Share, By Companies, 2024 |
10.2 Grenada Integrated Circuit (IC) Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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