Semiconductors - Australia

  • Australia
  • Revenue in the Semiconductors market is projected to reach US$1.44bn in 2025.
  • Optoelectronics dominates the market with a projected market volume of US$0.81bn in 2025.
  • Revenue is expected to show an annual growth rate (CAGR 2025-2029) of 5.74%, resulting in a market volume of US$1.80bn by 2029.
  • In global comparison, most revenue will be generated in China (US$204.00bn in 2025).
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Currency

Revenue

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Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Aug 2024

Source: Statista Market Insights

Technology

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Semiconductors: market data & analysis - Background Semiconductors: market data & analysis - Cover

Key Players

in percent

2022
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Most recent update: Mar 2024

Source: Statista Market Insights

Analyst Opinion

The Semiconductors market in Australia has been experiencing significant growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this development. Customer preferences in Australia have shifted towards increased demand for electronic devices and technological advancements. As the country becomes more digitally connected, there is a greater need for semiconductors to power these devices. Additionally, the rise of smart homes, wearable technology, and Internet of Things (IoT) devices has further fueled the demand for semiconductors in Australia. Trends in the market have also played a crucial role in the growth of the Semiconductors market in Australia. The country has seen an increase in the production and adoption of renewable energy sources, such as solar panels. This has led to a higher demand for semiconductors used in solar power systems. Furthermore, the automotive industry in Australia has been transitioning towards electric vehicles, which require semiconductors for their advanced features and functionalities. Local special circumstances in Australia have contributed to the development of the Semiconductors market. The country has a strong focus on research and development in the field of technology and innovation. This has led to the emergence of local semiconductor companies and startups, which have contributed to the growth of the market. Additionally, Australia has a well-established manufacturing sector, which has the capability to produce high-quality semiconductors. Underlying macroeconomic factors have also played a significant role in the growth of the Semiconductors market in Australia. The country has a stable and growing economy, which has provided a conducive environment for businesses to thrive. Furthermore, the government has implemented policies and initiatives to support the growth of the technology sector, including the semiconductor industry. This has attracted foreign investments and fostered innovation in the market. In conclusion, the Semiconductors market in Australia has been developing rapidly due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The increasing demand for electronic devices, the rise of renewable energy sources, the transition towards electric vehicles, and the focus on technology and innovation have all contributed to the growth of the market. With a stable economy and supportive government policies, the Semiconductors market in Australia is expected to continue its upward trajectory in the coming years.

Global Comparison

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Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Aug 2024

Source: Statista Market Insights

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.

Key Market Indicators

The following Key Market Indicators give an overview of the social and economic outlook of the selected region and provide additional insights into relevant market-specific developments. These indicators, together with data from statistical offices, trade associations and companies serve as the foundation for the Statista market models.

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