Semiconductors - Central & Western Europe

  • Central & Western Europe
  • Revenue in the Semiconductors market is projected to reach US$48.75bn in 2024.
  • Integrated Circuits dominates the market with a projected market volume of US$38.29bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 8.99%, resulting in a market volume of US$74.97bn by 2029.
  • In global comparison, most revenue will be generated in China (US$177.80bn in 2024).
 
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Analyst Opinion

The Semiconductors market in Central & Western Europe is experiencing significant growth and development. Customer preferences in the region are shifting towards more advanced and innovative semiconductor products. With the increasing demand for high-performance electronics, customers are seeking semiconductors that offer faster processing speeds, improved energy efficiency, and enhanced functionality. This trend is driven by the growing adoption of technologies such as artificial intelligence, Internet of Things, and autonomous vehicles, which require advanced semiconductor components to function effectively. In addition to customer preferences, several trends are shaping the Semiconductors market in Central & Western Europe. One of the key trends is the increasing focus on research and development (R&D) activities. Companies in the region are investing heavily in R&D to develop new semiconductor technologies and stay ahead of the competition. This trend is driven by the need to innovate and differentiate in a highly competitive market. Another trend is the growing demand for semiconductor components in the automotive sector. As the automotive industry undergoes a transformation towards electric and autonomous vehicles, the demand for semiconductors is expected to rise significantly. Semiconductors are essential for the functioning of various electronic systems in vehicles, including advanced driver assistance systems, infotainment systems, and electric powertrains. Furthermore, the Semiconductors market in Central & Western Europe is influenced by local special circumstances. One such circumstance is the presence of a strong manufacturing base in the region. Central & Western Europe is home to several major semiconductor manufacturers and suppliers, who benefit from the proximity to key markets and customers. This local manufacturing capability enables companies to respond quickly to customer demands and provide customized solutions. Additionally, the Semiconductors market in Central & Western Europe is influenced by underlying macroeconomic factors. The region has a stable and developed economy, which provides a favorable business environment for semiconductor companies. Furthermore, the region has a skilled workforce and a strong tradition of engineering and innovation, which supports the growth of the semiconductor industry. In conclusion, the Semiconductors market in Central & Western Europe is experiencing growth and development driven by customer preferences, industry trends, local special circumstances, and underlying macroeconomic factors. The region's focus on advanced and innovative semiconductor products, growing demand in the automotive sector, strong manufacturing base, and favorable business environment contribute to the market's positive trajectory.

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.

Overview

  • Revenue
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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