Semiconductors

Revenue in the Semiconductors market is projected to reach US$1.25bn in 2024.
Integrated Circuits dominates the market with a projected market volume of US$1.03bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 7.08%, resulting in a market volume of US$1.77bn 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 CIS is experiencing significant growth and development. Customer preferences in the Semiconductors market in CIS are driven by the increasing demand for advanced electronic devices and technologies. Consumers in the region are increasingly seeking high-performance semiconductors that can support the growing need for faster processing speeds, improved energy efficiency, and enhanced connectivity. Additionally, there is a rising demand for semiconductors that are compatible with emerging technologies such as artificial intelligence, Internet of Things (IoT), and 5G networks. Trends in the market include the increasing adoption of semiconductors in various industries such as automotive, healthcare, telecommunications, and consumer electronics. The automotive industry, in particular, is a key driver of semiconductor demand in CIS, as vehicles become more technologically advanced with features such as autonomous driving, advanced driver-assistance systems, and infotainment systems. The healthcare industry is also driving semiconductor demand, with the need for advanced medical devices and equipment. Furthermore, the telecommunications industry is witnessing a surge in demand for semiconductors due to the expansion of 5G networks and the increasing need for faster and more reliable connectivity. Local special circumstances in the CIS region include the presence of a skilled workforce in the semiconductor industry. The region has a strong pool of engineers and technicians who are well-versed in semiconductor technologies. This skilled workforce contributes to the development and production of high-quality semiconductors in the region. Additionally, the CIS region has a growing number of semiconductor manufacturing facilities, which further supports the local industry. Underlying macroeconomic factors driving the development of the Semiconductors market in CIS include economic growth, government support, and foreign investments. The region has experienced steady economic growth in recent years, which has led to an increase in consumer purchasing power and demand for electronic devices. Governments in the CIS region are also actively supporting the development of the semiconductor industry through various initiatives, including tax incentives, subsidies, and investment in research and development. Furthermore, foreign investments in the region's semiconductor industry have been increasing, as companies recognize the growth potential and favorable business environment in CIS. Overall, the Semiconductors market in CIS is thriving due to customer preferences for advanced electronic devices, increasing adoption of semiconductors in various industries, the presence of a skilled workforce, and supportive macroeconomic factors. This market is expected to continue its growth trajectory as the demand for high-performance semiconductors and technological advancements in the region continue to rise.

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.