USD 2.6 billion
Semiconductor and Circuit Manufacturing Market Size, Share, Growth Analysis, By Application(mobiles, tablets, servers and storage devices), By Product(lasers, solar cells, LEDs and Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45O2013 |
Region:
Global |
Published Date: March, 2024
Pages:
197
|Tables:
63
|Figures:
65
Semiconductor and Circuit Manufacturing Market Insights
Global Semiconductor and Circuit Manufacturing Market size was valued at USD 2.79 Billion in 2022 and is projected to rise from USD 3 billion in 2023 to reach USD 5.3 billion by 2031, by growing at a CAGR of 7.4% from 2024 to 2031.
The semiconductor industry has long been recognized as one of the largest contributors to global technological development and is expected to continue steady growth in the coming years despite the negative impact of the COVID-19 pandemic. The growth of the semiconductor and circuit manufacturing market is primarily driven by factors such as semiconductors and intense competition among players operating in this industry.
Materials such as silicon (Si), germanium (Ge), and gallium arsenide (GaAs) enable electronics manufacturers to replace traditional thermionic devices that make electronic devices heavy and inconvenient to carry. Since the advent of semiconductor devices, a high degree of miniaturization has progressed, and electronic devices have become smaller and more portable. Silicon is considered to be the best of all semiconductor elements available in the current market scenario.
In addition, increasing strategic cooperation between semiconductor vendors and electronics manufacturers, increasing investment in research and development to strengthen their product portfolio and global market position are also fueling demand in the semiconductor and circuit manufacturing market increase the proliferation of electronics and connected devices, rising demand for electric and hybrid vehicles, and steady growth in demand for consumer electronics including IT hardware, office automation products, mobile phones, and automotive products are also driving the semiconductor and circuit manufacturing market. is expected to support the growth of Forecast period.
US Semiconductor and Circuit Manufacturing Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
solar cells
Fastest Growth
Lasers
Growth Rate
7.4% CAGR
Global Semiconductor and Circuit Manufacturing Market, 2021-2030 ($ Bn)
Country Share for North America Region- 2021 (%)
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Semiconductor and Circuit Manufacturing Market Segmental Analysis
Global Semiconductor and Circuit Manufacturing Market is segmented on the basis of product type, application, and region. By Product, the Semiconductor and Circuit Manufacturing Market is sub-segmented into lasers, solar cells, LEDs and Others. By Application, the market is categorized into mobiles, tablets, servers and storage devices. By region, the Semiconductor and Circuit Manufacturing Market is segmented into North America, Latin America, Asia Pacific, Europe, and MEA.
Semiconductor and Circuit Manufacturing Market Analysis by Product Type
By product type, extrinsic semiconductors accounted for the largest share of the overall semiconductor and circuit manufacturing market. This is attributed to the increasing implementation of extrinsic semiconductors in various devices such as lasers, solar cells, LEDs, photo detectors and the high demand by key factors especially in the manufacturing process of advanced electronic components such as transistors, diodes and integrated circuits. Moreover, technological advancements in extrinsic semiconductors and increasing acceptance in electronics applications due to improved efficiency are expected to contribute to the fastest growth of this market during the forecast period.
Semiconductor and Circuit Manufacturing Market Analysis by Application
By Application, Data processing electronics applications will hold the largest share of the overall semiconductor and circuit manufacturing market due to increasing demand for semiconductors in data processing electronics such as computers, ultra-mobiles, tablets, servers and storage devices occupied ease of integration with semiconductor devices. In addition, the proliferation of mobile phones and other connected devices is expected to accelerate demand for memory cards and storage devices, increasing demand for semiconductors for computing electronics applications. However, the growth of automotive electronics applications at the fastest he CAGR exceeding forecast due to the surge in safety electronics and infotainment systems and increasing demand for multiple semiconductor devices in the automotive industry, especially his MCUs, sensors and memory is promoted period.
Global Semiconductor and Circuit Manufacturing Market, 2021-2030 ($ Bn)
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Semiconductor and Circuit Manufacturing Market Regional Insights
The North America market is expected to experience dynamic growth due to increased investment in R&D activities. According to the Semiconductor Industry Association (SIA), U.S. industry spending on R&D is growing at a compound annual growth rate of about 6.6%. US companies' R&D spending tends to be consistently high regardless of the annual revenue cycle, reflecting the importance of R&D manufacturing investments.
China is expected to Hold Highest Shares with Increasing Semiconductor manufacturers. The Asia-Pacific region accounts for the largest share and is expected to have the highest market growth in the world. The increasing adoption of high-end technology-based devices coupled with low prices for electronic devices has led to a surge in consumption of consumer electronic devices. Moreover, technological advancements such as IoT and LTE support electronic products, allowing the region to dominate the market share.
The European market will experience significant growth, supported by the telecommunications and automotive industries. Companies in the region are investing in new technology innovations and increasing production capacity to meet the growing demand for advanced devices and components in the semiconductor industry.
Global Semiconductor and Circuit Manufacturing Market, 2021-2030 ($ Bn)t By Geography
- Largest
- Fastest
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Semiconductor and Circuit Manufacturing Market Dynamics
Semiconductor and Circuit Manufacturing Market Drivers
Rise of Consumer Spending to Bolster Market Growth
- Rising household disposable income, rapid population growth, and increasing urbanization are driving a surge in demand for standard and advanced consumer electronics. Integrated circuit chips (ICs) are found in several electronic devices such as smartphones, washing machines, televisions, and refrigerators in order to function efficiently and properly.
Leading consumer electronics brands such as Samsung, Apple, and Huawei are investing heavily in new device launches to meet growing consumer demand for advanced devices and to support market growth.
Semiconductor and Circuit Manufacturing Market Restraints
Trade Restrictions to Hinder Market Growth
- The industry relies heavily on the United States as it is an important country with an overwhelming market share. With the change in the country's leadership, the United States has begun imposing trade restrictions with China since 2018, and the country’s market share is expected to drop by up to 16% if the restrictions continue.
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Semiconductor and Circuit Manufacturing Market Competitive Landscape
The Global Semiconductor and Circuit Manufacturing Market is highly fragmented with the presence of several small and large market players operating all over the world. Major companies of the market are implementing several business strategies such as new product launches, acquisition & mergers, collaboration, and partnerships for the expansion of their geographical presence and their product portfolio.
Semiconductor and Circuit Manufacturing Market Top Players Company Profiles
- Dainippon Screen Group
- Applied Materials, Inc.
- Canon Machinery Inc.
- Tokyo Electron Limited
- Ferrotec Holdings Corporation
- ASML
- Lam Research Corporation
- ASM International
- KLA Corporation
- Hitachi High-Technologies Corporation
Semiconductor and Circuit Manufacturing Market Recent Developments
- In August 2022 - Samsung Electronics Co. Ltd, the global company in advanced memory technology, announced the 990 PRO, the company’s high-performance NVMe SSD based on PCIe 4.0. Delivering lightning-fast speed and superior power efficiency, the new SSD is optimized for graphically demanding games and other intensive tasks, including 3D rendering, 4K video editing, and data analysis.
- In March 2022 - Intel announced the first phase of it's investment plans of approximately EUR 80 billion in the European Union over the next decade over the semiconductor value chain, including research & development (R&D), manufacturing, and packaging technologies. In this investment, the company is planning to invest approximately EUR 17 billion in establishing a semiconductor fab mega-site in Germany, along with the development of a new research & development and design facility in France, and to invest in research and development, manufacturing, and foundry services in Italy, Poland, Ireland, and Spain.
Semiconductor and Circuit Manufacturing Key Market Trends
- The memory device segment is estimated to hold the largest share of the overall semiconductor and circuit manufacturing market. However, the optical devices segment is expected to witness rapid growth during the forecast period. This is mainly due to the increasing use of optoelectronic chips in CMOS image sensors for various applications such as embedded cameras, LED lighting solutions and vehicle security increasing technological progress. A rapid change in market for a variety of residential, commercial, and industrial applications.
Semiconductor and Circuit Manufacturing Market SkyQuest Analysis
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 the robust Secondary Desk research.
According to our Global Semiconductor and Circuit Manufacturing Market analysis, Increased adoption and acceptance of connected devices offers promising growth prospects for the semiconductor and circuit manufacturing industry as technology growth expands the application areas of semiconductor devices. Advances in cutting-edge technologies such as AI, IoT, big data analytics, cloud computing, and greater integration with electronic devices are driving demand for semiconductor and circuit manufacturing products.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2.6 billion |
| Market size value in 2031 | USD 5.31 billion |
| Growth Rate | 7.4% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Semiconductor and Circuit Manufacturing Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Semiconductor and Circuit Manufacturing Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Semiconductor and Circuit Manufacturing 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 Semiconductor and Circuit Manufacturing 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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Semiconductor and Circuit Manufacturing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Semiconductor and Circuit Manufacturing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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