Semiconductors

Revenue in the Semiconductors market is projected to reach US$161.40bn in 2024.
Integrated Circuits dominates the market with a projected market volume of US$133.20bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 10.09%, resulting in a market volume of US$261.00bn 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 G7 countries is experiencing significant growth and development. Customer preferences for advanced technology and increased demand for electronic devices are driving this trend. Additionally, local special circumstances and underlying macroeconomic factors are contributing to the growth of the market. Customer preferences in G7 countries are leaning towards advanced technology and innovative electronic devices. Consumers are increasingly seeking high-performance smartphones, tablets, and other electronic gadgets. This has led to a surge in demand for semiconductors, which are essential components in these devices. Additionally, there is a growing interest in emerging technologies such as artificial intelligence, Internet of Things, and autonomous vehicles, which further drive the demand for semiconductors. Trends in the market show that G7 countries are investing heavily in research and development of semiconductors. This is driven by the need to stay competitive in the global market and to meet the increasing demand for advanced technology. Companies are focusing on developing more efficient and powerful semiconductors to cater to the evolving needs of consumers. Furthermore, there is a shift towards miniaturization and integration of semiconductors, enabling the development of smaller and more compact electronic devices. Local special circumstances in G7 countries also contribute to the growth of the Semiconductors market. These countries have a strong presence of leading semiconductor manufacturers and technology companies. This allows for collaboration and knowledge sharing, leading to innovation and technological advancements in the market. Additionally, G7 countries have favorable business environments and supportive government policies, which encourage investment in the semiconductor industry. Underlying macroeconomic factors play a crucial role in the development of the Semiconductors market in G7 countries. Economic growth and stability provide a conducive environment for businesses to thrive. G7 countries have robust economies, which drive consumer spending and increase the demand for electronic devices. Furthermore, the increasing adoption of digitalization and automation in various industries creates a need for semiconductors, further boosting the market. In conclusion, the Semiconductors market in G7 countries is experiencing significant growth and development due to customer preferences for advanced technology, increased demand for electronic devices, local special circumstances, and underlying macroeconomic factors. The market is expected to continue growing as technology advances and consumer demands evolve.

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.