USD 429 billion
Semiconductors Market Size, Share, Growth Analysis, By Components(Memory Devices, Logic Devices, Analog IC, MPU), By Application(Networking & Communications, Data Processing, Industrial, Consumer), By Region(North America, Europe, Asia-Pacific, South America), By Region - Industry Forecast 2024-2031
Report ID:
SQSG45I2010 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|Tables:
101
|Figures:
75
Semiconductors Market Insights
Global Semiconductors Market size was valued at USD 429 billion in 2019 and is poised to grow from USD 466.32 billion in 2023 to USD 908.92 billion by 2031, growing at a CAGR of 8.7% in the forecast period (2024-2031).
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.
US Semiconductors Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
network and communication
Fastest Growth
network and communication
Growth Rate
8.7% CAGR
Global Semiconductors Market, 2024-2031 ($ Bn)
Country Share for Asia Pacific Region- 2021 (%)
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Semiconductors Market Segmental Analysis
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 Semiconductors Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Semiconductors Market 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.
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.
Global Semiconductors Market By Application Type, 2021 (%)
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Semiconductors Market Regional Insights
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.
Global Semiconductors Market By Geography, 2024-2031
- Largest
- Fastest
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Semiconductors Market Dynamics
Semiconductors Market Driver
- Factors such as rising consumption of consumer electronics, growth in disposable incomes, and an ever-increasing population will facilitate the global semiconductors market growth during the forecast period
- The rising demand for Integrated circuits will fuel the growth of the global semiconductors market.
Semiconductors Market Restraint
- Shifting global trade practices are expected to hamper the global semiconductors market growth. The dependency on the global supply chain and geopolitics has been a major restraint recently. Also, tariff disruptions will limit the growth of the semiconductors market industry worldwide.
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Semiconductors Market Competitive Landscape
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.
Semiconductors Market Top Player's Company Profiles
- Intel Corporation
- Samsung Electronics Co., Ltd.
- Taiwan Semiconductor Manufacturing Company Limited (TSMC)
- Qualcomm Incorporated
- Broadcom, Inc.
- Micron Technology, Inc.
- SK Hynix Inc.
- NXP Semiconductors N.V.
- Texas Instruments
- STMicroelectronics N.V.
- Infineon Technologies AG
- Advanced Micro Devices, Inc.
- MediaTek Inc.
- NVIDIA Corporation
- Analog Devices, Inc.
- ON Semiconductor Corporation
- Renesas Electronics Corporation
- Xilinx, Inc.
- Sony Corporation
Semiconductors Market Recent Developments
- June 2022: Qualcomm AI Stack Arrives To Unleash A New Era Of Intelligence From The Cloud To The Edge
- June 2022: Intel 4 is a Major Step on Intel’s Path Back to Semiconductor Dominance
Semiconductors Key Market Trends
- Advancements in technological fields such as Artificial intelligence, the Internet of Things, and wirelessly connected devices are boosting demand for semiconductor throughout the world. These chips are also getting more powerful and efficient, uplifting the value of global semiconductors market.
- China is expected to witness strong demand for mobile chips owing to the well-established manufacturing and assembly plants that it has developed in the country. These plants include investments from top tech companies such as Apple, OnePlus and so on which is projected to increase global semiconductors market sales.
Semiconductors 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 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.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 429 billion |
| Market size value in 2031 | USD 908.92 billion |
| Growth Rate | 8.7% |
| Base year | 2023 |
| 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 Semiconductors 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 Semiconductors 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 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 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.
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 Semiconductors Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Semiconductors 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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