Semiconductors - Eastern Asia

  • Eastern Asia
  • Revenue in the Semiconductors market is projected to reach US$276.80bn in 2024.
  • Integrated Circuits dominates the market with a projected market volume of US$229.70bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.98%, resulting in a market volume of US$445.40bn 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 Eastern Asia is experiencing significant growth and development, driven by customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Semiconductors market in Eastern Asia are shifting towards high-performance and energy-efficient products. With the increasing demand for advanced technologies such as artificial intelligence, Internet of Things, and 5G, there is a growing need for semiconductors that can support these applications. Customers are also seeking smaller and more compact devices, which require smaller and more efficient semiconductors. Additionally, there is a rising demand for semiconductors in the automotive industry, as electric vehicles and autonomous driving technologies become more prevalent. The market trends in the Semiconductors market in Eastern Asia are driven by technological advancements and innovation. Companies are investing heavily in research and development to create cutting-edge semiconductors that can meet the evolving needs of customers. There is a focus on developing semiconductors with higher processing power, faster speeds, and lower power consumption. Additionally, there is a trend towards the miniaturization of semiconductors, as manufacturers strive to create smaller and more compact devices. Local special circumstances in Eastern Asia are also contributing to the development of the Semiconductors market. The region is home to some of the world's largest semiconductor manufacturers, who benefit from proximity to a skilled workforce and a strong supply chain. Additionally, governments in Eastern Asia are implementing policies and incentives to attract investments in the semiconductor industry. These measures include tax breaks, subsidies, and infrastructure development, which are driving the growth of the market in the region. Underlying macroeconomic factors are also playing a role in the development of the Semiconductors market in Eastern Asia. The region has a strong and growing middle class, which is driving consumer demand for electronic devices. This, in turn, is increasing the demand for semiconductors. Furthermore, Eastern Asia is a major exporter of electronic products, which contributes to the demand for semiconductors both domestically and internationally. The region's strategic location and well-developed logistics infrastructure also make it an attractive manufacturing hub for semiconductors. In conclusion, the Semiconductors market in Eastern Asia is experiencing growth and development due to customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. The shift towards high-performance and energy-efficient products, technological advancements, government support, and strong consumer demand are all contributing to the growth of the market in the region. As the demand for advanced technologies continues to rise, the Semiconductors market in Eastern Asia is expected to further expand in the coming years.

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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