Semiconductors - Hong Kong

Hong Kong

Revenue in the Semiconductors market is projected to reach US$64.86bn in 2024.
Integrated Circuits dominates the market with a projected market volume of US$54.04bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.35%, resulting in a market volume of US$101.40bn 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.,

For more information on the displayed data, use the info button right next to the boxes.

Market

Region

Region comparison

Currency

Analyst Opinion

The Semiconductors market in Hong Kong has been experiencing significant growth in recent years, driven by customer preferences for advanced electronic devices and the local special circumstances that have created a favorable environment for the industry. Additionally, underlying macroeconomic factors such as technological advancements and increasing demand for electronic products have also contributed to the development of the market. Customer preferences in Hong Kong have played a crucial role in shaping the Semiconductors market. With a highly tech-savvy population, there is a strong demand for cutting-edge electronic devices, including smartphones, tablets, and other consumer electronics. This has led to an increased need for semiconductors, which are essential components in these devices. Furthermore, customers in Hong Kong prioritize high-quality products with advanced features, which further drives the demand for semiconductors that can support these requirements. Trends in the Semiconductors market in Hong Kong reflect the global market trends, with a focus on miniaturization, increased processing power, and energy efficiency. As technology continues to advance, there is a growing demand for smaller and more powerful electronic devices. This trend has led to the development of smaller and more efficient semiconductors, which can deliver high performance while consuming less power. Additionally, the Internet of Things (IoT) has gained popularity in Hong Kong, creating a need for semiconductors that can enable connectivity and data processing in various devices. Local special circumstances have also contributed to the growth of the Semiconductors market in Hong Kong. The city is known for its strong manufacturing capabilities and well-established supply chains, which have attracted semiconductor companies to set up operations in the region. Hong Kong's strategic location and proximity to major markets in Asia have also made it an attractive destination for semiconductor manufacturers. Additionally, the government of Hong Kong has implemented policies and initiatives to support the development of the semiconductor industry, including investment in research and development and the promotion of innovation. Underlying macroeconomic factors have played a significant role in the development of the Semiconductors market in Hong Kong. Technological advancements have driven the demand for semiconductors, as new products and applications require more advanced and specialized components. Additionally, the increasing adoption of electronic devices across various industries, including healthcare, automotive, and telecommunications, has contributed to the growth of the market. Furthermore, the rising middle-class population in Asia has led to increased consumer spending on electronic devices, further driving the demand for semiconductors. In conclusion, the Semiconductors market in Hong Kong has experienced significant growth due to customer preferences for advanced electronic devices, local special circumstances that support the industry, and underlying macroeconomic factors such as technological advancements and increasing demand for electronic products. The market is expected to continue to grow as technology continues to advance and the demand for high-quality electronic devices increases.

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.