USD 555.95 Billion
Report ID: SQSG45I2010 | Region: Global | Published Date: December, 2022 | Pages: 165
Global Semiconductors Market was valued at USD 555.95 Billion in 2021, and it is expected to reach a value of USD 1,042.69 Billion by 2028, at a CAGR of 9% over the forecast period (2022 - 2028).
Semiconductors are substances that act as an intermediate for electric connectivity between a conductor and an insulator. With the world growing more and more technology-driven and technology getting deeply integrated with our lives, the demand for semiconductors has shot up over the last decade and is expected to only grow over time as the applications of technology continue to grow. Therefore, driving the demand for global semiconductors market.
Global Market Size
USD 555.95 Billion
network and communication
network and communication
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The global semiconductors market is segmented based on Components, Applications and Region. Based on the Components, the semiconductors industry is segmented into Memory Devices, Logic Devices, Analog IC, MPU, Discrete Power Devices, MCU, Sensors and Others. Based on the Application Channel, the global semiconductors market has been segmented into Networking & Communications, Data Processing, Industrial, Consumer, Electronics, Automotive and Government. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Analysis by Components
Memory devices are anticipated to drive the global semiconductors market growth in this segmentation. With the development of more advanced technologies like cloud computing and virtual reality, the need for memory devices is increasing day by day and is deeply integrated with the user’s devices. On a similar note, logic devices that are used for specific applications such as Application-specific signal processors and Application-specific integrated circuits are also expected to grow during the projection period. All other subsegments are unlikely to be stagnant, however, growth is likely to be driven by these two segments in the global semiconductors market.
Analysis by Application
Among the subsegments, the network and communication segment is expected to have the highest growth over the forecast period in the global semiconductors market. Particularly because of the increasing demand for smartphones in developing and developed countries. Consumer electronics, particularly gaming has become more advanced and is in absolute need of semiconductors. Another field that is getting traction is the automobile subsegment. With several electric cars leading the automobile industry in recent years their reliance on semiconductors has become irreplaceable and is continued to be so until cheaper alternatives can be found in the global semiconductors market.
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The Asia Pacific holds the largest share in the global semiconductors market and is expected to show a level of growth throughout the globe during the forecast period. With the developing countries in the region adopting high-end technology-based consumer goods the demand for semiconductors has shot up recently. Technological advancements such as IoT and LTE are only expected to contribute to global semiconductors market growth in this region. China holds the largest market share in the global semiconductors market and is projected to experience moderate growth over the forecast period.
North America is estimated to have dynamic growth rates owing to its investments in R&D relating to semiconductors in the global semiconductors market. Whereas the semiconductor markets in Europe and Africa are expected to grow at moderate levels.
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The global semiconductors market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the semiconductor industry. Companies are working on new product launches, making thing products more effective and appealing and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses in order to increase market share and profitability in the global semiconductors market.
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SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by robust Secondary Desk research.
According to our global semiconductors market Analysis, in 2022 and here on, there is an ever-growing demand for technological components such as semiconductors as technology gets majorly integrated into our lives. In this time, the semiconductor manufacturing and assembling companies stand to gain and make huge profits out of the global semiconductors market. However, geopolitical tensions and high reliance on the functioning of the global supply chain might hamper global semiconductors market growth. China is expected to continue maintaining its dominant position in the market while other markets grow. The industry is unlikely to stagnant soon.
|Market size value in 2021||USD 555.95 Billion|
|Market size value in 2028||USD 1,042.69 Billion|
|Forecast period||2022 - 2028|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
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For the Global Semiconductors Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Semiconductors Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Product ID: SQSG45I2010