Semiconductors - Ireland

Ireland

Revenue in the Semiconductors market is projected to reach US$1,283.00m in 2024.
Integrated Circuits dominates the market with a projected market volume of US$1,174.00m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.20%, resulting in a market volume of US$1,733.00m 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 Ireland has been experiencing significant growth in recent years.

Customer preferences: Customers in the Semiconductors market in Ireland are increasingly demanding high-performance and energy-efficient semiconductor devices. This is driven by the growing need for advanced technologies in various industries, such as electronics, automotive, healthcare, and telecommunications. Additionally, customers are seeking semiconductor solutions that offer high reliability and durability to meet the demands of their applications.

Trends in the market: One of the key trends in the Semiconductors market in Ireland is the increasing demand for semiconductor components used in electric vehicles (EVs). As the global automotive industry shifts towards electrification, Ireland is also witnessing a rise in the adoption of EVs. This has created a growing demand for semiconductor devices used in EV powertrains, battery management systems, and charging infrastructure. Another trend in the market is the growing demand for semiconductor chips used in artificial intelligence (AI) and machine learning (ML) applications. Ireland has a strong presence in the technology sector, with many multinational companies establishing their European headquarters in the country. These companies are driving the demand for semiconductor solutions that can support AI and ML algorithms, enabling advanced data analytics and automation.

Local special circumstances: Ireland has a strong semiconductor manufacturing ecosystem, with several multinational companies having manufacturing facilities in the country. This has contributed to the growth of the Semiconductors market in Ireland, as these companies supply semiconductor components to both domestic and international customers. The presence of these manufacturing facilities also attracts investments in research and development, further driving innovation in the semiconductor sector.

Underlying macroeconomic factors: The growth of the Semiconductors market in Ireland is also influenced by macroeconomic factors. The country has a favorable business environment, with a skilled workforce and supportive government policies. Ireland's membership in the European Union provides access to a large market, enabling semiconductor companies to expand their customer base. Additionally, Ireland's strong focus on research and development, particularly in the technology sector, has attracted investments from global semiconductor companies. In conclusion, the Semiconductors market in Ireland is experiencing significant growth due to customer preferences for high-performance and energy-efficient semiconductor devices. The increasing demand for semiconductor components in electric vehicles and AI/ML applications is driving the market forward. Ireland's strong semiconductor manufacturing ecosystem, favorable business environment, and focus on research and development are key factors contributing to the market's growth.

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.