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 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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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update:
Source: Statista Market Insights
Most recent update:
Source: Statista Market Insights
The Semiconductors market in EU-27 is experiencing significant growth and development.
Customer preferences: Customers in the EU-27 are increasingly demanding high-performance and energy-efficient semiconductors for a wide range of applications. They are looking for products that can enhance the performance of their electronic devices while also reducing power consumption. Additionally, customers in the EU-27 are placing a strong emphasis on reliability and durability, as they seek semiconductors that can withstand harsh environmental conditions and have a long lifespan.
Trends in the market: One of the key trends in the Semiconductors market in the EU-27 is the growing demand for semiconductors in the automotive industry. The EU-27 has a strong automotive manufacturing sector, and there is a growing need for semiconductors in electric vehicles, advanced driver-assistance systems (ADAS), and in-car infotainment systems. The increasing adoption of electric vehicles and the integration of advanced technologies in vehicles are driving the demand for semiconductors in this sector. Another trend in the market is the rising demand for semiconductors in the healthcare sector. The EU-27 has a well-developed healthcare industry, and there is a growing need for semiconductors in medical devices, diagnostic equipment, and healthcare IT systems. The increasing focus on personalized medicine, remote patient monitoring, and digital healthcare solutions is driving the demand for semiconductors in this sector.
Local special circumstances: The EU-27 has a highly skilled workforce and a strong research and development (R&D) infrastructure. This enables the region to develop and produce advanced semiconductors that meet the specific needs of customers. Additionally, the EU-27 has stringent regulations and standards for the manufacturing and use of semiconductors, which ensures the quality and safety of products in the market.
Underlying macroeconomic factors: The Semiconductors market in the EU-27 is influenced by various macroeconomic factors. Economic growth, technological advancements, and government policies play a significant role in driving the market. The EU-27 has been witnessing steady economic growth, which has increased consumer purchasing power and led to higher demand for electronic devices and semiconductors. Technological advancements, such as the Internet of Things (IoT), artificial intelligence (AI), and 5G, are also driving the demand for advanced semiconductors in the region. Furthermore, government policies promoting digitalization and innovation are creating a favorable environment for the growth of the Semiconductors market in the EU-27. In conclusion, the Semiconductors market in the EU-27 is experiencing growth and development due to customer preferences for high-performance and energy-efficient semiconductors, the increasing demand in the automotive and healthcare sectors, the region's skilled workforce and R&D infrastructure, and the influence of macroeconomic factors such as economic growth and technological advancements.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update:
Source: Statista Market Insights
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update:
Source: Statista Market Insights
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