Semiconductors

Revenue in the Semiconductors market is projected to reach US$382.20bn in 2024.
Integrated Circuits dominates the market with a projected market volume of US$320.70bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 10.33%, resulting in a market volume of US$624.80bn by 2029.
In global comparison, most revenue will be generated 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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Discrete semiconductors such as diodes, transistors, and resistors
Integrated circuits such as DRAM, microprocessors, analog to digital converters
Optoelectronics such as LEDs, laser diodes
Sensors and actuators such as image sensors, temperature sensors

Silicon wafers
Semiconductor foundry services

The Semiconductors market in Asia is experiencing significant growth and development. Customer preferences, market trends, local special circumstances, and underlying macroeconomic factors all contribute to this expansion. Customer preferences in the Semiconductors market in Asia are driving the growth of the industry. Customers in this region are increasingly demanding high-performance and energy-efficient semiconductors for various applications, such as consumer electronics, automotive, and industrial sectors. The demand for advanced semiconductor technologies, including artificial intelligence (AI), Internet of Things (IoT), and 5G, is also on the rise. Additionally, customers in Asia value competitive pricing and reliable supply chains, which further contribute to the growth of the market. Trends in the Semiconductors market in Asia are shaping its development. One major trend is the increasing adoption of AI and IoT technologies across various industries. This has led to a growing demand for semiconductors that can support these advanced technologies. Another trend is the shift towards more advanced manufacturing processes, such as the transition from 12nm to 7nm and even smaller node sizes. This trend is driven by the need for higher performance and energy efficiency in electronic devices. Additionally, there is a growing trend towards the development of specialized semiconductors for specific applications, such as automotive and healthcare. Local special circumstances in Asia also play a role in the development of the Semiconductors market. Asia is home to several major semiconductor manufacturing hubs, such as Taiwan, South Korea, and China. These countries have established strong semiconductor ecosystems, with a high concentration of semiconductor companies, research institutions, and skilled workforce. This local specialization and expertise contribute to the growth and competitiveness of the market in Asia. Additionally, government support and favorable policies, such as tax incentives and investment in research and development, further promote the development of the semiconductor industry in the region. Underlying macroeconomic factors also contribute to the growth of the Semiconductors market in Asia. Asia has a large and rapidly growing population, which drives the demand for consumer electronics and other semiconductor-based products. The region also has a strong manufacturing base, with many global electronics companies outsourcing their production to Asia. This creates a favorable environment for the semiconductor industry to thrive. Furthermore, Asia's expanding middle class and increasing disposable income contribute to the growing demand for electronic devices, further fueling the growth of the market. In conclusion, the Semiconductors market in Asia is experiencing significant growth and development due to customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. The increasing demand for advanced semiconductor technologies, the adoption of AI and IoT, and the shift towards advanced manufacturing processes are driving the market's growth. Local specialization, government support, and favorable macroeconomic conditions further contribute to the development of the market in Asia.

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.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Governments and companies across the entire semiconductor value chain have had to navigate changing demands, supply chain imbalances, and geopolitical factors in recent times. As a result, action plans and policies have had to be established to safeguard the supply of semiconductors. In 2023, global semiconductor sales reached 520 billion U.S. dollars, a fall compared to the last year as a result of a deteriorating global economy and weakening demand from consumer-driven markets.