Semiconductors - Greece

Greece

Revenue in the Semiconductors market is projected to reach US$341.60m in 2024.
Discrete Semiconductors dominates the market with a projected market volume of US$123.90m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 7.00%, resulting in a market volume of US$479.10m by 2029.
In global comparison, most revenue will be generated in 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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Analyst Opinion

The Semiconductors market in Greece has experienced significant growth in recent years, driven by customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Semiconductors market in Greece have shifted towards more advanced and high-performance semiconductor products. This is driven by the increasing demand for electronic devices with higher processing power, such as smartphones, tablets, and gaming consoles. Customers in Greece are also increasingly interested in energy-efficient and environmentally friendly semiconductor solutions. These preferences have led to a growing demand for advanced semiconductor technologies, such as System-on-Chip (SoC) and Application-Specific Integrated Circuits (ASICs). Trends in the market have also contributed to the growth of the Semiconductors market in Greece. One of the key trends is the increasing adoption of Internet of Things (IoT) devices. IoT devices require semiconductor components for connectivity and data processing, driving the demand for semiconductors in Greece. Another trend is the growing demand for automotive semiconductors, as the automotive industry in Greece is experiencing a shift towards electric and autonomous vehicles. This trend is expected to further drive the growth of the Semiconductors market in Greece. Local special circumstances in Greece have also influenced the development of the Semiconductors market. Greece has a strong manufacturing base and a skilled workforce in the electronics industry. This has attracted semiconductor companies to establish manufacturing facilities in Greece, leading to the growth of the local semiconductor industry. Additionally, the Greek government has implemented policies to support the development of the semiconductor sector, such as providing incentives for research and development activities. These special circumstances have created a favorable environment for the growth of the Semiconductors market in Greece. Underlying macroeconomic factors have also played a role in the development of the Semiconductors market in Greece. The Greek economy has been recovering from the financial crisis in recent years, leading to an increase in consumer spending and investment in various sectors, including the electronics industry. This economic recovery has created a positive business environment for semiconductor companies in Greece, driving the growth of the Semiconductors market. In conclusion, the Semiconductors market in Greece has experienced significant growth due to customer preferences for advanced and high-performance semiconductor products, trends such as the adoption of IoT devices and automotive semiconductors, local special circumstances including a strong manufacturing base and government support, and underlying macroeconomic factors such as the economic recovery in Greece.

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.