Semiconductors - Hungary

Hungary

Revenue in the Semiconductors market is projected to reach US$3.05bn in 2024.
Integrated Circuits dominates the market with a projected market volume of US$2.52bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 11.47%, resulting in a market volume of US$5.25bn 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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Market

Region

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Currency

Analyst Opinion

The Semiconductors market in Hungary has been experiencing significant growth in recent years, driven by various factors such as customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Semiconductors market in Hungary have been shifting towards more advanced and innovative products. Customers are increasingly demanding semiconductors that offer higher performance, increased functionality, and improved energy efficiency. This has led to a growing demand for semiconductors used in applications such as automotive electronics, consumer electronics, and industrial automation. Trends in the market indicate a strong focus on research and development (R&D) activities and technological advancements. Hungarian semiconductor companies are investing heavily in R&D to develop cutting-edge technologies and stay competitive in the global market. This has led to the emergence of innovative semiconductor products and solutions that cater to the evolving needs of customers. Local special circumstances in Hungary have also contributed to the development of the Semiconductors market. The country has a strong manufacturing base and a skilled workforce, which has attracted multinational semiconductor companies to establish their operations in Hungary. This has created a favorable environment for collaboration and knowledge exchange, leading to the growth of the semiconductor industry in the country. Underlying macroeconomic factors have played a crucial role in the development of the Semiconductors market in Hungary. The country's stable economic growth, favorable investment climate, and government support for the semiconductor industry have attracted both domestic and foreign investments. Additionally, Hungary's strategic location in Central Europe provides easy access to key markets in Europe, further enhancing its attractiveness as a semiconductor manufacturing hub. In conclusion, the Semiconductors market in Hungary is experiencing significant growth due to customer preferences for advanced and innovative products, market trends focused on R&D and technological advancements, local special circumstances such as a strong manufacturing base and skilled workforce, and underlying macroeconomic factors including stable economic growth and government support. These factors have created a conducive environment for the development of the semiconductor industry in Hungary, positioning it as a key player in the global market.

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.