Explore Our Diverse Range Of Offerings
From detailed reports to experts services offered in 15+ Industry Domains
Report
Press Release
Blogs
Industry Statistics
Add 2 More Reports For 20% off

Report Overview

The global microelectronics market size reached a value of approximately USD 455.88 Billion in 2024. The market is further projected to grow at a CAGR of 5.70% between 2025 and 2034, reaching a value of USD 793.60 Billion by 2034.

2024

Base Year

2018-2024

Historical Period

2025-2034

Forecast Period

Compound Annual Growth Rate

5.7%

Value in USD Billion

2025-2034


Microelectronics Market Outlook

*this image is indicative*

Key Trends in the Market

Microelectronics refers to the field of electronics that includes the study, design, and manufacture of tiny or small electronic components such as power electronics and computer chips. These small devices are generally made from semiconductor materials. Microelectronics finds applications across various industries including automotive, medical, and construction, among others.

  • Microelectronics enables the development of devices that are compact, energy efficient, and faster than the traditional ones. The increasing demand for modern gadgets that are lightweight, portable, and affordable across industries is thus favouring the growth of the market.
  • The microelectronics sector has been positively influenced by advances within the industry, particularly the evolution of the integrated circuit/ semiconductor IC. With the governments across developing countries supporting the semiconductor sector by providing economic benefits including tax breaks and subsidies, the microelectronics market is likely to grow in the coming years.
  • The use of artificial intelligence in microelectronics is paving the way for developing accurate and more efficient devices from semiconductor materials, resulting in improved product efficiency and increased profits.

Market Segmentation

The EMR’s report titled “Microelectronics Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Product Type

  • Lighting Control
  • Security and Access Control
  • HVAC Control
  • Entertainment Control
  • Others

Market Breakup by Type

  • Transistors
  • Capacitors
  • Inductors
  • Resistors
  • Others

Market Breakup by Vertical Type

  • Medical
  • Construction
  • Automotive
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Share by Vertical Type

The medical segment is anticipated to grow rapidly over the forecast period, with the growing demand for innovative healthcare devices and solutions. Microelectronics finds use in various essential medical devices including X-ray machines, ultrasound machines, glucose monitoring devices, CT scanners, ECG machines, and blood pressure measuring devices, among others. Microelectronics helps devices in data conversion and processing and signal conditioning, among others, and is boosting miniaturisation by shrinking the complete system into a handheld device, thus making personal healthcare easy and convenient. This is aiding the global microelectronics market expansion.

Market Share by Region

North America accounted for a large share of the market, with several microelectronics producers expanding operations to and within the United States. The governments and manufacturers across North America are increasingly spending on research and development activities, fuelling the progress of microelectronics. Additionally, the rising demand for cars, among other passenger vehicles, is increasing the utilisation of microelectronics across the automotive sector. Moreover, people in the region are becoming aware about the availability of new and advanced technologies and are thus demanding innovative gadgets, resulting in the growth of the microelectronics market in North America.

Competitive Landscape

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global microelectronics market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

Honeywell International Inc.

Honeywell International Inc. was founded in 1906 and is headquartered in North Carolina, United States. It is a multinational company that mainly focuses on four areas of business including aerospace, performance material and technologies, productivity and safety solutions, and building technologies.

Jotrin Electronics Limited

Jotrin Electronics Limited is an electronics manufacturing company that was founded in 2006. It is headquartered in Guangdong, China, and is known for manufacturing and distributing electronic components such as capacitors, resistors, and sensors.

Ingersoll Rand Inc.

Ingersoll Rand Inc. was established in 1859 and has its headquarters located in North Carolina, United States. The air and gas compressor manufacturing company is focussed on providing flow creation and industrial products to the consumers globally.  

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other major players in the microelectronics market include Schneider Electric SE, Cisco Systems Inc., ACUITY BRANDS, INC., and Johnson Controls, among others.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

Looking for specific insights?

Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!

Key Questions Answered in the Report

The market reached a value of approximately USD 455.88 Billion in 2024.

The market is projected to grow at a CAGR of 5.70% between 2025 and 2034.

The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach about USD 793.60 Billion by 2034.

The key drivers of the market include increased spending on research and development activities, rising demand for passenger and other vehicles, and growing awareness regarding new and advanced technologies.

The key trends of the market include the development of more efficient and compact devices using microelectronics, rising use of artificial intelligence in production processes, and favourable government policies.

The various product types include lighting control, security and access control, HVAC control, and entertainment control, among others.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The key players in the microelectronics market are Honeywell International Inc., Jotrin Electronics Limited, Ingersoll Rand Inc., Schneider Electric SE, Cisco Systems Inc., ACUITY BRANDS, INC., and Johnson Controls, among others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Type
  • Vertical Type
  • Region
Breakup by Product Type
  • Lighting Control
  • Security and Access Control
  • HVAC Control
  • Entertainment Control
  • Others
Breakup by Type
  • Transistors
  • Capacitors
  • Inductors
  • Resistors
  • Others
Breakup by Vertical Type
  • Medical
  • Construction
  • Automotive
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Honeywell International Inc.
  • Jotrin Electronics Limited
  • Ingersoll Rand Inc.
  • Schneider Electric SE
  • Cisco Systems Inc.
  • ACUITY BRANDS, INC.
  • Johnson Controls
  • Others

Datasheet

10 % Off

USD

2,499

2,249

Single User License

10 % Off

USD

3,999

3,599

Five User License

15 % Off

USD

4,999

4,249

Corporate License

15 % Off

USD

5,999

5,099

Datasheet

One User

USD 2,499

USD 2,249

tax inclusive*

  • Selected Segments
  • Printing Restrictions
  • Excel Spreadsheet Delivered via Email
  • Full Report
  • Periodic Updates
  • Post Sales Analysts Support
  • Unlimited Prints

Single User License

One User

USD 3,999

USD 3,599

tax inclusive*

  • All Segments
  • Printing Restrictions
  • PDF Delivered via Email
  • Custom Report Layout
  • Post Sales Analysts Support
  • Periodic Updates
  • Unlimited Prints

Five User License

Five User

USD 4,999

USD 4,249

tax inclusive*

  • All Segments
  • Five Prints Available
  • PDF Delivered via Email
  • Limited Free Customization
  • Post Sales Analyst Support
  • Custom Report Layout
  • Periodic Updates
  • Unlimited Prints

Corporate License

Unlimited Users

USD 5,999

USD 5,099

tax inclusive*

  • All Segments
  • Unlimited Prints Available
  • PDF & Excel Delivery via Email
  • Limited Free Customization
  • Post Sales Analysts Support
  • Discount On Next Update
  • Custom Report Layout

*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*

Bundle Type

Flash Bundle

20% OFF Number of Reports: 3

Small Business Bundle

25% OFF Number of Reports: 5

Growth Bundle

30% OFF Number of Reports: 8

Enterprise Bundle

35% OFF Number of Reports: 10
Overview
  • Life Time Access
  • Analyst Support Related to Report
  • PDF Version of the Report
  • Complimentary Excel Data Set
  • Free Analyst Hours
  • Complimentary Free 1 Month Subscription to Trade Data Base
  • Complimentary One Month Subscription to Price Database (Chemicals only)
  • Complimentary PPT Version of the Report
  • Complimentary License Upgrade
  • Complimentary Power BI Dashboards
  • Life Time Access
  • Analyst Support Related to Report
  • PDF Version of the Report
  • Complimentary Excel Data Set
  • Free Analyst Hours - 50 Hours
  • Complimentary Free 1 Month Subscription to Trade Data Base
  • Complimentary One Month Subscription to Price Database (Chemicals only)
  • Complimentary PPT Version of the Report
  • Complimentary License Upgrade
  • Complimentary Power BI Dashboards
  • Life Time Access
  • Analyst Support Related to Report
  • PDF Version of the Report
  • Complimentary Excel Data Set
  • Free Analyst Hours - 80 Hours
  • Complimentary Free 1 Month Subscription to Trade Data Base
  • Complimentary One Month Subscription to Price Database (Chemicals only)
  • Complimentary PPT Version of the Report
  • Complimentary License Upgrade
  • Complimentary Power BI Dashboards
  • Life Time Access
  • Analyst Support Related to Report
  • PDF Version of the Report
  • Complimentary Excel Data Set
  • Free Analyst Hours - 100 Hours
  • Complimentary Free 1 Month Subscription to Trade Data Base
  • Complimentary One Month Subscription to Price Database (Chemicals only)
  • Complimentary PPT Version of the Report
  • Complimentary License Upgrade
  • Complimentary Power BI Dashboards

*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*

Flash Bundle

Number of Reports: 3

20%

tax inclusive*

  • 3 Reports Included
  • Life Time Acess
  • Analyst Support Related to Report
  • PDF Version of the Report
  • Free 1 Month Subscription to Trade Data Base
  • 1 Month Subscription to Price Database (Chemicals only)
  • Complimentary Excel Data Set
  • PPT Version of the Report
  • Power BI Dashboards
  • License Upgrade
  • Free Analyst Hours

Small Business Bundle

Number of Reports: 5

25%

tax inclusive*

  • 5 Reports Included
  • Life Time Acess
  • Analyst Support Related to Report
  • PDF Version of the Report
  • Complimentary Excel Data Set
  • Free Analyst Hours - 50 Hours
  • Free 1 Month Subscription to Trade Data Base
  • 1 Month Subscription to Price Database (Chemicals only)
  • Complimentary Excel Data Set
  • PPT Version of the Report
  • Power BI Dashboards
  • License Upgrade

Growth Bundle

Number of Reports: 8

30%

tax inclusive*

  • 8 Reports Included
  • Life Time Acess
  • Analyst Support Related to Report
  • PDF Version of the Report
  • Complimentary Excel Data Set
  • Free Analyst Hours - 50 Hours
  • Free 1 Month Subscription to Trade Data Base
  • 1 Month Subscription to Price Database (Chemicals only)
  • License Upgrade
  • Free Analyst Hours - 80 Hours
  • Power BI Dashboards

Enterprise Bundle

Number of Reports: 10

35%

tax inclusive*

  • 10 Reports Included
  • Life Time Acess
  • Analyst Support Related to Report
  • PDF Version of the Report
  • Complimentary Excel Data Set
  • Free Analyst Hours - 50 Hours
  • Free 1 Month Subscription to Trade Data Base
  • 1 Month Subscription to Price Database (Chemicals only)
  • License Upgrade
  • Power BI Dashboards
  • Free Analyst Hours - 100 Hours

How To Order

Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.

License Type

Select License Type

Choose the right license for your needs and access rights.

shopping cart

Click on ‘Buy Now’

Add the report to your cart with one click and proceed to register.

Select Mode of Payment

Choose a payment option for a secure checkout. You will be redirected accordingly.

Strategic Solutions for Informed Decision-Making

Connect For More Information

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.

Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.

We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.

We’re here to help answer any questions about our products and services.

Contact us