Semiconductor Market

Market Overview:

The global semiconductor market size reached US$ 604.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 941.2 Billion by 2028, exhibiting a growth rate (CAGR) of 7.5% during 2023-2028. Considerable rise in the use of 5G technology, the growing applications of semiconductor chips in cutting-edge numerous technological devices and the widespread demand for the Internet of Things (IoT) oriented semiconductor chips for cloud integration and connectivity represent some of the key factors driving the market. 

A semiconductor is a material having conductivity and resistivity in between conductors and non-conductors, which are also known as insulators. It is doped with materials to make semiconductor devices suitable for energy conversion, switches, and amplifiers. It is shock-proof, smaller in size, occupies less space, and consumes less power. Some of the commonly utilized semiconductor materials are silicon, germanium, gallium arsenide, and silicon carbide that differ on the basis of their unique properties that make them useful for electronic applications, such as their ability to amplify signals, switch currents on and off, and control the flow of electrons.  As it is also cheaper and has unlimited shelf life compared to vacuum diodes, semiconductors find extensive applications in the healthcare, telecommunication, electrical, manufacturing, defense, automotive, and banking, financial services and insurance industries worldwide. Additionally, it is gaining traction across the globe since it is considered as a fundamental component of modern electronics and is widely used to create numerous electronic devices, such as transistors, diodes, and integrated circuits.

Semiconductor Market Trends:

The growing sales of consumer electronic devices, such as laptops, earphones, wearables, and smartphones, across the globe represent one of the key factors driving the market. Moreover, there is a significant rise in the use of 5G technology to enhance wireless data communication bandwidth, latency, and density of connected devices. This, along with the increasing need of service providers to collect enormous data for deep learning of artificial intelligence (AI) based new services, is propelling the growth of the market. In addition, the growing applications of semiconductor chips in cutting-edge technological devices like tablets, flat-screen monitors and television sets, sophisticated cars, and advanced aircraft are positively influencing the market. Besides this, there is an augmenting demand for the Internet of Things (IoT) oriented semiconductor chips for cloud integration and connectivity, including computing, sensors, communications, and interactivity. These chips are also utilized in the residential and commercial sectors for reducing costs, predictive maintenance, and data analytics, which is offering lucrative growth opportunities to industry investors. Additionally, the increasing deployment of semiconductors for automated teller machines (ATMs), security cameras, and automated locking mechanisms is bolstering the growth of the market.

Key Market Segmentation: 

IMARC Group provides an analysis of the key trends in each segment of the global semiconductor market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on components, material used and end user.

Components Insights: 

• Memory Devices
• Logic Devices
• Analog IC 
• MPU
• Discrete Power Devices
• MCU
• Sensors
• Others
   

The report has provided a detailed breakup and analysis of the semiconductor market based on the component. This includes memory devices, logic devices, analog IC, MPU, discrete power devices, MCU, discrete power devices, MCU, sensors and others. According to the report, logic devices represented the largest segment. 

Material Used Insights: 

• Silicon Carbide
• Gallium Manganese Arsenide
• Copper Indium Gallium Selenide
• Molybdenum Disulfide
• Others 
   

A detailed breakup and analysis of the semiconductor market based on the material used has also been provided in the report. This includes silicon carbide, gallium manganese arsenide, copper indium gallium selenide, molybdenum disulfide and others. According to the report, silicon carbide accounted for the largest market share.

End User Insights: 

• Automotive
• Industrial
• Data Centre
• Telecommunication
• Consumer Electronics
• Aerospace and Defense
• Healthcare
• Others
   

The report has provided a detailed breakup and analysis of the semiconductor market based on the end user. This includes automotive, industrial, data centre, telecommunication, consumer electronics, aerospace and defense, healthcare and others. According to the report, consumer electronics exhibit a clear dominance in the market.

Regional Insights: 

• North America 
  • United States 
  • Canada 
• Europe 
  • Germany 
  • France 
  • United Kingdom 
  • Italy 
  • Spain
  • Others 
• Asia Pacific 
  • China 
  • Japan 
  • India 
  • South Korea 
  • Australia 
  • Indonesia 
  • Others
• Latin America 
  • Brazil 
  • Mexico 
  • Others 
• Middle East and Africa 
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for semiconductor. Some of the factors driving the Asia Pacific semiconductor market included the growing product utilized in the residential and commercial sectors, growing sales of consumer electronic devices, the increasing manufacturing of sophisticated cars, etc.  

Competitive Landscape: 

The report has also provided a comprehensive analysis of the competitive landscape in the global semiconductor market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Broadcom Inc., Infineon Technologies AG, Intel Corporation, Micron Technology Inc., NXP Semiconductors N.V., Renesas Electronics Corporation, Samsung Electronics Co. Ltd., SK hynix Inc., STMicroelectronics N.V., Taiwan Semiconductor Manufacturing Company Limited, Texas Instruments Incorporated, Toshiba Electronic Devices & Storage Corporation (Toshiba Corporation), etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report. 

Report Coverage:

Key Questions Answered in This Report: 

• How has the global semiconductor market performed so far, and how will it perform in the coming years? 
• What are the drivers, restraints, and opportunities in the global semiconductor market? 
• What is the impact of each driver, restraint, and opportunity on the global semiconductor market? 
• What are the key regional markets? 
• Which countries represent the most attractive semiconductor market? 
• What is the breakup of the market based on the components? 
• Which is the most attractive components in the semiconductor market? 
• What is the breakup of the market based on the material used? 
• Which is the most attractive material used in the semiconductor market? 
• What is the breakup of the market based on the end user? 
• Which is the most attractive end user in the semiconductor market?
• What is the competitive structure of the global semiconductor market? 
• Who are the key players/companies in the global semiconductor market? 

Key Benefits for Stakeholders:  

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the semiconductor market from 2017-2028.  
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global semiconductor market.  
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region. 
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the semiconductor industry and its attractiveness. 
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.