Semiconductors

Revenue in the Semiconductors market is projected to reach US$1.43bn in 2024.
Optoelectronics dominates the market with a projected market volume of US$794.40m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.11%, resulting in a market volume of US$1.92bn 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 Australia & Oceania is experiencing steady growth due to several factors.

Customer preferences: Customers in Australia & Oceania are increasingly demanding semiconductors that are more powerful, energy-efficient, and compact. This is driven by the growing adoption of advanced technologies such as artificial intelligence, Internet of Things, and 5G networks. Additionally, there is a strong preference for semiconductors that are environmentally friendly and comply with sustainability standards.

Trends in the market: One of the key trends in the Semiconductors market in Australia & Oceania is the increasing demand for semiconductors in the automotive industry. The region is witnessing a surge in the production and adoption of electric vehicles, which require advanced semiconductors for various applications such as power management, motor control, and battery management. This trend is expected to continue as governments in the region are implementing policies to promote the adoption of electric vehicles. Another trend in the market is the growing demand for semiconductors in the healthcare sector. With the increasing focus on healthcare digitization and the development of advanced medical devices, there is a rising need for semiconductors that can enable data processing, connectivity, and sensor integration. This trend is driven by the aging population in the region and the need for more efficient and accurate healthcare solutions.

Local special circumstances: Australia & Oceania is a geographically dispersed region with several small economies. This presents challenges in terms of logistics and distribution for semiconductor manufacturers. However, the region also offers opportunities for local semiconductor companies to cater to the specific needs of the market. Local companies can leverage their understanding of the local culture, preferences, and regulations to develop customized solutions for customers in the region.

Underlying macroeconomic factors: The economic growth in Australia & Oceania, coupled with increasing disposable incomes, is driving the demand for consumer electronics and smart devices. This, in turn, is fueling the demand for semiconductors. Additionally, the region is witnessing rapid urbanization and infrastructure development, which requires advanced semiconductors for various applications such as smart cities, transportation systems, and energy management. The governments in the region are also investing in research and development to promote innovation and technological advancement, creating a favorable environment for the growth of the semiconductor industry. In conclusion, the Semiconductors market in Australia & Oceania is witnessing steady growth driven by customer preferences for more powerful and energy-efficient semiconductors, as well as the increasing adoption of advanced technologies in industries such as automotive and healthcare. The region's unique characteristics, such as its dispersed geography and small economies, present both challenges and opportunities for semiconductor manufacturers. However, the underlying macroeconomic factors, such as economic growth and government investments, are creating a favorable environment for the market's development.

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 2024, global semiconductor sales surpassed 600 billion U.S. dollars, a jump from the previous year as the industry reaps the rewards from the artificial intelligence (AI) revolution sweeping across the world.