Semiconductor Market (By Component: Memory Devices, Logic Devices, Analog IC, MPU, Discrete Power Devices, MCU, Sensors, Others; By Application: Networking & Communication, Data Processing, Industrial, Consumer Electronics, Automotive, Government) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027
The global semiconductor market is anticipated to grow at a CAGR of around 5.6% during the forecasting period 2020 to 2027 and to reach around US$ 783.8 Bn by 2027.
Market Dynamics
Electronic sector is witnessing rapid advancements across the globe along with ongoing investment for development of advanced devices incorporated with AI is resulting in demand for various components such as logic devices, analog IC, etc. are some factors expected to drive the growth of the global semiconductor market. Government of developed and developing is focused on development of smart cities. They are investing high for the development of smart infrastructure in order to improve the quality of life of people. This is resulting in demand for various components from IoT device manufacturers is supporting the growth of semiconductor industry.
Government is focused on incorporation of AI in various end use industries in order to facilitate the adoption of advanced device. Flourishing automotive sector in developed and developing countries, rising passenger vehicle sales and inclination towards adoption of electric vehicles is expected to support the growth of target market.
In addition, business development activities through strategic merger and acquisitions in order to increase the customer base and enhance the product portfolio is another factor expected to support the growth of target market. Players are focused on increasing the business presence through joint ventures they are enhancing the profit ratio.
- In 2019, Qualcomm Incorporated, Universal Scientific Industrial (Shanghai) Co., Ltd. (USI) and ASUS collaborated in order to expand the mobile and semiconductor industry in Brazil. This collaboration will help the company to strengthen their presence in Brazil and Latin America market.
However, factors such as high cost associated to R&D activities and high complexity in component manufacturing are expected to hamper the growth of global semiconductor market.
Technological advancements by the major players, high R&D activities, and innovative product offerings are factors responsible to create new opportunities for players over the forecast period. In addition, increasing focus on establishment of new facilities and increasing production capacity are factors expected to support the growth of target market..
Semiconductor Market Segment Analysis, 2019
The global semiconductor market is segmented in to components and applications. The application segment is bifurcated into networking & communication, data processing, industrial, consumer electronics, automotive, and government. Among application the consumer electronics segment is expected to account for significant revenue share over the forecast period
Segment Analysis by Region
The market in North America is expected to account for major revenue share owing to rising demand from industries operating in networking & communication and data processing. In addition, presence of major players operating in the country in this region and innovative product offerings is expected to further support the growth of target market in this region.
Asia Pacific is expected to witness faster growth in the near future owing to high government spending on the development of the industry. In addition, government initiatives in order to support the mid-size enterprises through various business support is another factors expected to support the growth of target market in this region.
Competitive Landscape
Presence of large number of players operating on regional and international level is increasing the competition. In addition, business development activities and new product offerings are factors further augmenting the market competition.
Report coverage
|
Market |
Global Semiconductor Market |
|
Analysis Period |
2016 – 2027 |
|
Base Year |
2019 |
|
Forecast Data |
2020 – 2027 |
|
Market Stratification |
Components, Applications and Geography |
|
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
|
Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
The market research study on “Semiconductor Market (Components: Memory Devices, Logic Devices, Analog IC, MPU, Discrete Power Devices, MCU, Sensors, and Others; Applications: Networking & Communication, Data Processing, Industrial, Consumer Electronics, Automotive, and Government) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026”, offers a detailed insights on the global semiconductor market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global semiconductor market, components, applications, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global semiconductor market size and segment markets by components, applications, and geography along with the information on companies operating in the market. The semiconductor market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report Micron Technology Inc., Toshiba Corporations, SK HYNIX INC., Broadcom Inc., Taiwan Semiconductors, Intel Corporation, Micron Technologies, NVIDIA Corporation, and Qualcomm Technologies Inc.
Market Segmentation
Market By Component
- Memory Devices
- Logic Devices
- Analog IC
- MPU
- Discrete Power Devices
- MCU
- Sensors
- Others
Market By Application
- Networking & Communication
- Data Processing
- Industrial
- Consumer Electronics
- Automotive
- Government
Market By Region
North America
- US
- Canada
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest if Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Meddle East & Africa
Frequently Asked Questions
Which major factor expected to drive the growth of the global semiconductor market?
Electronic sector is witnessing rapid advancements across the globe is major factor expected to drive the growth of the global semiconductor market.
How much is the semiconductor market worth?
The global semiconductor market size is expected to reach around US$ 783.8 Bn by 2027.
What will be the CAGR of semiconductor market during the forecast period?
The global semiconductor market is anticipated to grow at a CAGR of around 5.6% during the forecasting period 2020 to 2027 and to reach around US$ 783.8 Bn by 2027.
Which application segment is expected to account for significant revenue share for semiconductor market?
Among application the consumer electronics segment is expected to account for significant revenue share over the forecast period
Why North America is expected to account for major revenue share in semiconductor market?
The market in North America is expected to account for major revenue share owing to rising demand from industries operating in networking & communication and data processing.
Which region expected to witness faster growth in semiconductor market?
Asia Pacific is expected to witness faster growth in the near future owing to high government spending on the development of the industry.
Which are the top players of semiconductor market?
The players profiled in the report Micron Technology Inc., Toshiba Corporations, SK HYNIX INC., Broadcom Inc., Taiwan Semiconductors, Intel Corporation, Micron Technologies, NVIDIA Corporation, and Qualcomm Technologies Inc.
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