Email
Print
Market Overview:
The Semiconductor Market size is estimated to reach $990 Billion by 2030, growing at a CAGR of 7.1% during the forecast period 2024-2030, according to the latest market research report published by IndustryARC. The semiconductor market is driven by advancements in AI, 5G, IoT, and electric vehicles, fueling demand for high-performance, energy-efficient chips. However, challenges such as global supply chain disruptions, rising manufacturing costs, and a skilled workforce shortage hinder growth, requiring strategic investments in innovation, localized production, and talent development for sustainable progress, finds IndustryARC in its recent report, titled “Semiconductor Market Size, Share & Trends Analysis Report, By Type [Intrinsic material, Extrinsic material (N-Type, P-Type), By Component (Memory devices, Logic Devices, Analog IC, Memory protection unit (MPU), Discrete Power Device, Multipoint control unit (MCU), Sensors, Others), By Node Size (180nm, 130nm, 90nm, 65nm, 45/40nm, 32/28nm, 22/20nm, 16/14nm, 10/7nm, 7/5nm, 5nm), By Material Type (Silicon, Germanium, Gallium arsenide, Silicon carbide, Gallium Nitride, Others), By Application [Networking and Communication, Data Processing, Consumer Electronics, Power Generation, Electronic Components (Printed Circuit Board (PCB), Semiconductor Packaging and Assembly, Power Electronics Packaging and Assembly), Others], By End-user [Telecommunication, Energy (Oil & Gas, Wind Energy, Solar Energy, Others), Electrical and Electronics, Medical and Healthcare, Automotive, Defence & Aerospace, Others], By Geography - Opportunity Analysis & Industry Forecast, 2024-2030”.
APAC is Leading the Market:
The Asia-Pacific (APAC) region dominates the Semiconductor Market, accounting for the largest share due to its advanced manufacturing capabilities, technological innovation, and significant demand across multiple industries. Key players such as China, South Korea, Japan, and Taiwan lead global semiconductor production, making APAC the world’s semiconductor hub. Taiwan's TSMC and South Korea’s Samsung Electronics are industry giants, contributing significantly to global output. The region benefits from rapid adoption of emerging technologies like 5G, AI, and IoT, which drive semiconductor demand in sectors such as consumer electronics, automotive, telecommunications, and industrial automation. Additionally, the growing need for electric vehicles (EVs) and autonomous driving technologies further amplifies semiconductor consumption, particularly for power management chips, sensors, and memory solutions. Governments in APAC are also enhancing the semiconductor ecosystem through substantial investments in research, development, and manufacturing infrastructure. China’s focus on self-reliance and South Korea’s and Japan’s investments in advanced chip production are pivotal for maintaining the region’s dominant position. APAC's continuous innovation and government support ensure its leading role in shaping the future of the global semiconductor market.
Semiconductor Market: Key Takeaways
Proliferation of 5G Technology:
The global rollout of 5G networks is transforming industries and driving substantial growth in the semiconductor market. 5G technology enables faster data transmission, lower latency, and increased connectivity, supporting innovations in areas such as IoT, autonomous vehicles, and smart cities. Semiconductors are at the core of 5G infrastructure, including base stations, network equipment, and user devices like smartphones and IoT sensors. The demand for 5G-compatible chipsets, RF components, and power amplifiers has surged as telecommunications companies race to deploy 5G networks. Furthermore, the adoption of 5G is enabling new applications, such as remote surgeries, augmented reality (AR), and virtual reality (VR), which require high-performance semiconductors to function effectively. Market leaders like Qualcomm, MediaTek, and Samsung Electronics are investing heavily in developing 5G-ready solutions to capture a share of this rapidly expanding market. As 5G adoption accelerates, its role as a key driver of semiconductor demand is set to strengthen further.
For More Queries About "Semiconductor Market " @ https://www.industryarc.com/pdfdownload.php?id=18466
Rising Adoption of Electric and Autonomous Vehicles:
The shift toward electric and autonomous vehicles (EVs and AVs) is a significant growth driver for the semiconductor market. EVs require advanced power electronics, battery management systems, and efficient energy conversion, all of which rely heavily on semiconductors. Similarly, AVs depend on sensors, cameras, radar, and LIDAR systems for navigation and safety, all of which necessitate advanced semiconductor components. Additionally, the demand for automotive-grade chips capable of withstanding extreme conditions has surged, driving innovation in the sector. Key players like Tesla, NXP Semiconductors, and STMicroelectronics are leading the charge in integrating semiconductors into modern vehicles. The adoption of government policies promoting EVs to reduce carbon emissions further amplifies this trend. Moreover, advancements in vehicle connectivity, such as Vehicle-to-Everything (V2X) communication, require sophisticated semiconductor solutions, solidifying the importance of this sector. As the automotive industry continues its transition toward electrification and autonomy, the demand for high-performance semiconductors is poised to grow exponentially.
Scope of the Report:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Recent Developments:
• In March 2023, Envision Energy, a subsidiary of Envision Group, began integrating Analog Devices, Inc.'s MEMS sensor technology into its next-generation smart wind turbines, leveraging advanced green technology to enhance performance and efficiency.
• In March 2023, Samsung Electronics Co., Ltd., a global leader in memory technology, partnered with NAVER Corporation, a leading internet company, to develop cutting-edge hyper-scale semiconductor solutions designed to optimize Artificial Intelligence (AI) models, enhancing performance and driving innovation in the AI technology sector.
• In December 2022, Qualcomm Technologies, a global leader in chip manufacturing, unveiled its WiFi-7-enabled chipsets as part of a new immersive home platform, offering advanced high-speed connectivity solutions. This innovation enhances user experiences by delivering faster, more reliable internet connections for modern, data-intensive home environments.
Semiconductor Market: Competitive Landscape
Key companies profiled in the Semiconductor Market are Qualcomm Technologies, Inc., Broadcom, Inc., Intel Corporation, Samsung Electronics, Taiwan Semiconductors, NXP Semiconductors, SK Hynix, Texas Instruments, Micron Technology, Maxim Integrated Products, Inc. and Others.
About IndustryARC™:
IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.
IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.
Contact Us:
Mr. Venkat Reddy
IndustryARC
Email: [email protected]
USA: (+1) 518-282-4727
Web: https://www.industryarc.com
Follow us on LinkedIn | Facebook | Twitter