Semiconductors - Argentina

Argentina

Revenue in the Semiconductors market is projected to reach US$459.30m in 2024.
Integrated Circuits dominates the market with a projected market volume of US$403.90m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 8.36%, resulting in a market volume of US$686.10m by 2029.
In global comparison, most revenue will be generated in China (US$177.80bn in 2024).

Definition:

Semiconductors are the crucial building blocks of all the electronics we see daily. The semiconductor industry comprises companies that design, fabricate, assemble, test, and supply semiconductors that are suitable for various applications. The semiconductor market represents the market size of the semiconductors used in various electronics applications.

Structure:

The semiconductor market is structured into four different markets based on the functionality of the semiconductors as follows:

The Discrete Semiconductors market represents the semiconductors that have a basic function and are mostly built using a single semiconductor device. These are further used in an application in conjunction with other semiconductors.
The Integrated Circuits market is the largest market and represents the semiconductors that have specific functionality. They generally consist of several basic semiconductor devices. This market is further divided into Analog Integrated Circuits, Logic Integrated Circuits, Memory Integrated Circuits, and Micro Integrated Circuits.
The Optoelectronics market represents the semiconductors that have functionality related to light.
The last market Sensors & Actuators represents the semiconductors that sense real-world factors and those that actuate other devices.

Additional Information:

The semiconductor market comprises revenue, revenue change, and key player market shares as the key performance indicators. Only the revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included and the revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B), and governments (B2G). Further definitions of the markets can be found on respective pages.

Key players in this market include Samsung, Intel, SK Hynix, Qualcomm, Micron, etc.,

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Analyst Opinion

The Semiconductors market in Argentina is experiencing significant growth and development driven by customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Semiconductors market in Argentina are shifting towards more advanced and high-performance semiconductor devices. This is driven by the increasing demand for smartphones, tablets, and other consumer electronics in the country. Consumers are looking for faster and more efficient devices, which require advanced semiconductors to power them. Additionally, there is a growing demand for semiconductors in the automotive industry, as car manufacturers are incorporating more electronic components and advanced driver assistance systems into their vehicles. Trends in the market are also contributing to the development of the Semiconductors market in Argentina. One major trend is the increasing adoption of Internet of Things (IoT) devices and technologies. IoT devices require semiconductors to enable connectivity and data processing, and as the adoption of IoT devices grows in Argentina, so does the demand for semiconductors. Another trend is the shift towards renewable energy sources, such as solar and wind power. The development of solar and wind farms in Argentina requires semiconductors for power conversion and control, driving the demand for these devices in the country. Local special circumstances in Argentina are also playing a role in the development of the Semiconductors market. The government has implemented policies to promote the development of the semiconductor industry, such as tax incentives and subsidies for companies investing in semiconductor manufacturing facilities. These policies aim to attract foreign investment and promote the growth of the local semiconductor industry. Additionally, Argentina has a well-educated workforce in the field of engineering and technology, which provides a skilled labor pool for semiconductor companies. Underlying macroeconomic factors are also contributing to the growth of the Semiconductors market in Argentina. The country has experienced economic stability and growth in recent years, which has increased consumer purchasing power and demand for electronic devices. Additionally, the government has implemented measures to attract foreign investment and promote economic development, which has created a favorable business environment for semiconductor companies. In conclusion, the Semiconductors market in Argentina is developing rapidly due to customer preferences for advanced devices, trends in the market such as IoT and renewable energy, local special circumstances including government policies and a skilled workforce, and underlying macroeconomic factors such as economic stability and government support for investment.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the money spent at the manufacturer price level (excluding VAT).

Modeling approach / Market size:

Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market. As a basis for evaluating markets, we use the annual financial reports of the market-leading companies and reports from our primary research. In addition, we use relevant key market indicators and data from country-specific associations. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.