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Global Semiconductor Market is Expected to Grow at a CAGR of 7.7% in the Forecast Period of 2024-2032

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Global Semiconductor Market Size, Share, Trends, Analysis: By Component: Memory Devices, Logic Devices, Analogue IC, OSD, Microcomponent; By Application: Automotive, Industrial, Data Centre, Telecommunication, Consumer Electronics, Aerospace and Defence, Healthcare, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Semiconductor Market Share

Memory devices, which are crucial for storing data, are vital for the functioning of computers, smartphones, and various other electronic gadgets, thereby driving the growth of the semiconductor market.

Memory devices, offering significant storage capacity and rapid data access (such as DRAM and SRAM), are versatile and used across a range of applications. They include both volatile RAM and non-volatile flash memory. Technological advancements have improved their density and efficiency, fuelling market growth in response to the demands of IoT, big data, AI, and machine learning.

Logic devices, including CPUs and GPUs, perform complex tasks and enable efficient parallel processing. Adhering to Moore's Law, these devices scale to improve performance and energy efficiency. They are adaptable to various applications, from consumer electronics to specialised machinery, and are driven by advancements in AI, machine learning, and other technologies.

Analogue ICs are adept at processing real-world signals, making them essential for audio equipment, sensors, and communication systems. They manage power effectively for device efficiency and act as key interfaces between digital systems and the analogue world, ensuring precise data conversion.

Optical Storage Devices (OSDs) provide substantial storage capacities, perfect for media storage, backups, and data centres. They offer reliable, long-term data storage and are often a more cost-effective solution for large-scale storage, balancing performance, and affordability.

Micro components, such as microcontrollers and microprocessors, facilitate the development of compact, lightweight, and portable devices. They deliver high processing power and efficiency for complex tasks and are versatile, driving innovation in IoT devices, automotive systems, robotics, and consumer electronics.

Semiconductors facilitate the creation of advanced medical devices like MRI machines, CT scanners, and ultrasound equipment. By enhancing diagnostic accuracy, these technologies contribute to the semiconductor market growth.

Semiconductors drive wearable health monitors, providing real-time health data and facilitating proactive care. They enable remote monitoring, personalized medicine, efficient EHR management, and big data analytics. Additionally, advanced imaging, implantable devices, operational efficiency, and affordable medical devices enhance healthcare outcomes and accessibility.

In aerospace and defence, semiconductors are essential for high-speed, real-time data processing, crucial for advanced avionics and mission-critical tasks. They are durable in harsh environments, have long lifespans, and support compact designs. They improve radar, and sensors, secure communications, reduce costs, and enhance energy efficiency.

Semiconductors facilitate advanced safety features such as collision avoidance and automated braking, play a crucial role in enhancing battery management and power conversion for electric and hybrid vehicles, and drive in-car entertainment and connectivity systems, elevating the overall user experience.

Semiconductors are indispensable for controlling industrial robots and automated machinery, improving productivity and precision. They enable the monitoring of equipment health through sensors and IoT devices, reduce downtime and maintenance costs via predictive analytics, and enhance energy efficiency in industrial power systems, promoting sustainability.

Semiconductors power high-performance processors and memory systems for large-scale data processing, while advancements in technology improve data centre energy efficiency, reducing operational costs and environmental impact. Additionally, they enable scalable storage and networking solutions to meet growing data demands.

Semiconductors are vital for 5G infrastructure, offering faster data speeds, lower latency, and improved connectivity. They support the development of advanced networking equipment, enhancing reliability and efficiency, and facilitate the widespread deployment of IoT, ensuring seamless communication across multiple devices.

Semiconductors drive the performance of smartphones, tablets, and wearables, enhancing their functionality and user experience. They are essential for smart home devices, improving convenience and security, and contribute to superior gaming consoles, smart TVs, and audio systems, enriching entertainment experiences.

Semiconductor Market Report Snapshots

Semiconductor Market Size

Semiconductor Market Growth

Semiconductor Market Trends

Semiconductor Market Share

Semiconductor Manufacturers

Semiconductor Market Regional Analysis

*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.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Report Description
   3.1   Market Definition and Outlook
   3.2   Properties and Applications
   3.3   Market Analysis
   3.4   Key Players
4   Key Assumptions
5   Executive Summary
   5.1   Overview
   5.2   Key Drivers
   5.3   Key Developments
   5.4   Competitive Structure
   5.5   Key Industrial Trends
6   Market Snapshot
   6.1   Global
   6.2   Regional
7   Opportunities and Challenges in the Market
8   Global Semiconductor Market Analysis
   8.1   Key Industry Highlights
   8.2   Global Semiconductor Historical Market (2018-2023)
   8.3   Global Semiconductor Market Forecast (2024-2032)
   8.4   Global Semiconductor Market by Component
       8.4.1   Memory Devices
           8.4.1.1   Historical Trend (2018-2023)
           8.4.1.2   Forecast Trend (2024-2032)
       8.4.2   Logic Devices
           8.4.2.1   Historical Trend (2018-2023)
           8.4.2.2   Forecast Trend (2024-2032)
       8.4.3   Analogue IC
           8.4.3.1   Historical Trend (2018-2023)
           8.4.3.2   Forecast Trend (2024-2032)
       8.4.4   OSD
           8.4.4.1   Historical Trend (2018-2023)
           8.4.4.2   Forecast Trend (2024-2032)
       8.4.5   Microcomponent
           8.4.5.1   Historical Trend (2018-2023)
           8.4.5.2   Forecast Trend (2024-2032)
   8.5   Global Semiconductor Market by Application
       8.5.1   Automotive
           8.5.1.1   Historical Trend (2018-2023)
           8.5.1.2   Forecast Trend (2024-2032)
       8.5.2   Industrial
           8.5.2.1   Historical Trend (2018-2023)
           8.5.2.2   Forecast Trend (2024-2032)
       8.5.3   Data Centre
           8.5.3.1   Historical Trend (2018-2023)
           8.5.3.2   Forecast Trend (2024-2032)
       8.5.4   Telecommunication
           8.5.4.1   Historical Trend (2018-2023)
           8.5.4.2   Forecast Trend (2024-2032)
       8.5.5   Consumer Electronics
           8.5.5.1   Historical Trend (2018-2023)
           8.5.5.2   Forecast Trend (2024-2032)
       8.5.6   Aerospace and Defence
           8.5.6.1   Historical Trend (2018-2023)
           8.5.6.2   Forecast Trend (2024-2032)
       8.5.7   Healthcare
           8.5.7.1   Historical Trend (2018-2023)
           8.5.7.2   Forecast Trend (2024-2032)
       8.5.8   Others
   8.6   Global Semiconductor Market by Region
       8.6.1   North America
           8.6.1.1   Historical Trend (2018-2023)
           8.6.1.2   Forecast Trend (2024-2032)
       8.6.2   Europe, Middle East and Africa (EMEA)
           8.6.2.1   Historical Trend (2018-2023)
           8.6.2.2   Forecast Trend (2024-2032)
       8.6.3   Asia Pacific
           8.6.3.1   Historical Trend (2018-2023)
           8.6.3.2   Forecast Trend (2024-2032)
       8.6.4   Latin America
           8.6.4.1   Historical Trend (2018-2023)
           8.6.4.2   Forecast Trend (2024-2032)
9   North America Semiconductor Market Analysis
   9.1   Market by Component
   9.2   Market by Application
   9.3   Market by Country
       9.3.1   United States of America
           9.3.1.1   Historical Trend (2018-2023)
           9.3.1.2   Forecast Trend (2024-2032)
       9.3.2   Canada
           9.3.2.1   Historical Trend (2018-2023)
           9.3.2.2   Forecast Trend (2024-2032)
10   Europe, Middle East and Africa (EMEA) Semiconductor Market Analysis
   10.1   Market by Component
   10.2   Market by Application
   10.3   Market by Country
       10.3.1   United Kingdom
           10.3.1.1   Historical Trend (2018-2023)
           10.3.1.2   Forecast Trend (2024-2032)
       10.3.2   Germany
           10.3.2.1   Historical Trend (2018-2023)
           10.3.2.2   Forecast Trend (2024-2032)
       10.3.3   France
           10.3.3.1   Historical Trend (2018-2023)
           10.3.3.2   Forecast Trend (2024-2032)
       10.3.4   Italy
           10.3.4.1   Historical Trend (2018-2023)
           10.3.4.2   Forecast Trend (2024-2032)
       10.3.5   Others
11   Asia Pacific Semiconductor Market Analysis
   11.1   Market by Component
   11.2   Market by Application
   11.3   Market by Country
       11.3.1   China
           11.3.1.1   Historical Trend (2018-2023)
           11.3.1.2   Forecast Trend (2024-2032)
       11.3.2   Japan
           11.3.2.1   Historical Trend (2018-2023)
           11.3.2.2   Forecast Trend (2024-2032)
       11.3.3   India
           11.3.3.1   Historical Trend (2018-2023)
           11.3.3.2   Forecast Trend (2024-2032)
       11.3.4   ASEAN
           11.3.4.1   Historical Trend (2018-2023)
           11.3.4.2   Forecast Trend (2024-2032)
       11.3.5   South Korea
           11.3.5.1   Historical Trend (2018-2023)
           11.3.5.2   Forecast Trend (2024-2032)
       11.3.6   Australia
           11.3.6.1   Historical Trend (2018-2023)
           11.3.6.2   Forecast Trend (2024-2032)
       11.3.7   Others
12   Latin America Semiconductor Market Analysis
   12.1   Market by Component
   12.2   Market by Application
   12.3   Market by Country
       12.3.1   Brazil
           12.3.1.1   Historical Trend (2018-2023)
           12.3.1.2   Forecast Trend (2024-2032)
       12.3.2   Argentina
           12.3.2.1   Historical Trend (2018-2023)
           12.3.2.2   Forecast Trend (2024-2032)
       12.3.3   Mexico
           12.3.3.1   Historical Trend (2018-2023)
           12.3.3.2   Forecast Trend (2024-2032)
       12.3.4   Others
13   Market Dynamics
   13.1   SWOT Analysis
       13.1.1   Strengths
       13.1.2   Weaknesses
       13.1.3   Opportunities
       13.1.4   Threats
   13.2   Porter’s Five Forces Analysis
       13.2.1   Supplier’s Power
       13.2.2   Buyer’s Power
       13.2.3   Threat of New Entrants
       13.2.4   Degree of Rivalry
       13.2.5   Threat of Substitutes
   13.3   Key Indicators for Demand
   13.4   Key Indicators for Price
14   Global Investments in Semiconductor Industry
   14.1   By Country (USA, South Korea, Japan, Taiwan, China, Germany, India, Thailand, Malaysia, France)
   14.2   By Technology
15   Benchmarking of the Semiconductor Industry
   15.1   Labor Cost
   15.2   Utility Rate
   15.3   Energy Cost (Natural Gas, Electricity Tariff)
16   Infrastructure, Geo-Political and Economic Indicators for Semiconductor Industry
   16.1   National Security
   16.2   Electrification
   16.3   Land Availability
   16.4   Water Supply
   16.5   Software and Designs
   16.6   Growth in Automotive and Telecommunication Sector
17   Competitive Landscape
   17.1   Market Structure
   17.2   Company Profiles
       17.2.1   Intel Corporation (NASDAQ: INTC)
           17.2.1.1   Company Overview
           17.2.1.2   Product Portfolio
           17.2.1.3   Demographic Reach and Achievements
           17.2.1.4   Certifications
       17.2.2   Micron Technology, Inc. (NASDAQ: MU)
           17.2.2.1   Company Overview
           17.2.2.2   Product Portfolio
           17.2.2.3   Demographic Reach and Achievements
           17.2.2.4   Certifications
       17.2.3   Qualcomm Technologies, Inc. (NASDAQ: QCOM)
           17.2.3.1   Company Overview
           17.2.3.2   Product Portfolio
           17.2.3.3   Demographic Reach and Achievements
           17.2.3.4   Certifications
       17.2.4   Samsung Electronics Co., Ltd. (KRX: 005930)
           17.2.4.1   Company Overview
           17.2.4.2   Product Portfolio
           17.2.4.3   Demographic Reach and Achievements
           17.2.4.4   Certifications
       17.2.5   SK Hynix Inc. (KRX: 000660)
           17.2.5.1   Company Overview
           17.2.5.2   Product Portfolio
           17.2.5.3   Demographic Reach and Achievements
           17.2.5.4   Certifications
       17.2.6   Taiwan Semiconductor Manufacturing Company Limited
           17.2.6.1   Company Overview
           17.2.6.2   Product Portfolio
           17.2.6.3   Demographic Reach and Achievements
           17.2.6.4   Certifications
       17.2.7   Broadcom Inc.
           17.2.7.1   Company Overview
           17.2.7.2   Product Portfolio
           17.2.7.3   Demographic Reach and Achievements
           17.2.7.4   Certifications
       17.2.8   MediaTek Inc.
           17.2.8.1   Company Overview
           17.2.8.2   Product Portfolio
           17.2.8.3   Demographic Reach and Achievements
           17.2.8.4   Certifications
       17.2.9   Texas Instruments
           17.2.9.1   Company Overview
           17.2.9.2   Product Portfolio
           17.2.9.3   Demographic Reach and Achievements
           17.2.9.4   Certifications
       17.2.10   NXP Semiconductors N.V.
           17.2.10.1   Company Overview
           17.2.10.2   Product Portfolio
           17.2.10.3   Demographic Reach and Achievements
           17.2.10.4   Certifications
       17.2.11   Nvidia Corporation
           17.2.11.1   Company Overview
           17.2.11.2   Product Portfolio
           17.2.11.3   Demographic Reach and Achievements
           17.2.11.4   Certifications
       17.2.12   Others
18   Key Trends and Developments in the Market

List of Key Figures and Tables

1.   Global Semiconductor Market: Key Industry Highlights, 2018 and 2032
2.   Global Semiconductor Historical Market: Breakup by Component (USD Billion), 2018-2023
3.   Global Semiconductor Market Forecast: Breakup by Component (USD Billion), 2024-2032
4.   Global Semiconductor Historical Market: Breakup by Application (USD Billion), 2018-2023
5.   Global Semiconductor Market Forecast: Breakup by Application (USD Billion), 2024-2032
6.   Global Semiconductor Historical Market: Breakup by Region (USD Billion), 2018-2023
7.   Global Semiconductor Market Forecast: Breakup by Region (USD Billion), 2024-2032
8.   North America Semiconductor Historical Market: Breakup by Country (USD Billion), 2018-2023
9.   North America Semiconductor Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.   Europe Semiconductor Historical Market: Breakup by Country (USD Billion), 2018-2023
11.   Europe Semiconductor Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.   Asia Pacific Semiconductor Historical Market: Breakup by Country (USD Billion), 2018-2023
13.   Asia Pacific Semiconductor Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.   Latin America Semiconductor Historical Market: Breakup by Country (USD Billion), 2018-2023
15.   Latin America Semiconductor Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.   Middle East and Africa Semiconductor Historical Market: Breakup by Country (USD Billion), 2018-2023
17.   Middle East and Africa Semiconductor Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.   Global Semiconductor Market Structure

Key Questions Answered in the Report

What was the global semiconductor market value in 2023?

The market was valued at USD 625.05 billion in 2023.

What is the growth rate of the global semiconductor market?

The market is projected to grow at a CAGR of 7.7% between 2024 and 2032.

What is the total size of the semiconductor industry?

The revenue generated from the semiconductor market is expected to reach USD 1281.58 billion in 2032.

What is the current trend in the semiconductor industry?

Technological advancements, growing consumer electronics demand, environmental concerns and defence and aerospace are the major trends impacting the semiconductor market trends.

What is the breakup of the market based on the components?

The semiconductor market is categorised according to the components, which include memory devices, logic devices, analogue IC, OSD and microcomponents.

Who are the key players in the global semiconductor industry, according to the report?

The key players are Intel Corporation (NASDAQ: INTC), Samsung Electronics Co., Ltd., Texas Instruments, Nvidia Corporation, Micron Technology, Inc. (NASDAQ: MU), Qualcomm Technologies, Inc. (NASDAQ: QCOM), SK Hynix Inc. (KRX: 000660), Taiwan Semiconductor Manufacturing Company Limited, Broadcom Inc., MediaTek Inc., and NXP Semiconductors N.V. among others.

What is the breakup of the market according to the application?

Based on the application, the market is divided into automotive, industrial, data centre, telecommunication, consumer electronics, aerospace and defence, healthcare, and others.

What is the market breakup by region?

The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

Which is the fastest-growing region in the semiconductor market?

The Asia-Pacific region is the fastest-growing region in the global semiconductor market, driven by technological advancements, and the surging demand for consumer electronics.

What are the top five companies operating in the semiconductor market?

The top five companies in the semiconductor market are Intel Corporation (NASDAQ: INTC), Samsung Electronics Co., Ltd., Texas Instruments, Nvidia Corporation, and Micron Technology, Inc. (NASDAQ: MU).

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