Semiconductors

Revenue in the Semiconductors market is projected to reach US$2.11bn in 2024.
Integrated Circuits dominates the market with a projected market volume of US$1.39bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 7.94%, resulting in a market volume of US$3.10bn 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.,

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

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 Italy has been experiencing steady growth in recent years, driven by customer preferences for advanced technology and the increasing demand for electronic devices. Customer preferences in the Semiconductors market in Italy are heavily influenced by the global trend towards digitalization and connectivity. Italian consumers are increasingly seeking electronic devices that offer advanced features and capabilities, such as smartphones, tablets, and smart home appliances. This has led to a higher demand for semiconductors that can support these technologies, including microprocessors, memory chips, and sensors. In addition to consumer preferences, the Semiconductors market in Italy is also influenced by local special circumstances. Italy has a strong manufacturing base, particularly in the automotive and industrial sectors. These industries require semiconductors for various applications, such as automotive electronics and industrial automation. The demand for semiconductors in these sectors is expected to continue growing, as companies seek to improve efficiency and productivity through digitalization and automation. The Semiconductors market in Italy is also influenced by underlying macroeconomic factors. Italy is one of the largest economies in Europe, and its economic performance has a significant impact on the demand for semiconductors. When the economy is performing well, businesses and consumers have more disposable income to spend on electronic devices, driving the demand for semiconductors. Conversely, during economic downturns, the demand for semiconductors may decline as businesses and consumers cut back on spending. In recent years, the Semiconductors market in Italy has benefited from favorable macroeconomic conditions. The Italian economy has been steadily recovering from the global financial crisis, with GDP growth and declining unemployment rates. This has boosted consumer confidence and spending power, leading to increased demand for electronic devices and semiconductors. Looking ahead, the Semiconductors market in Italy is expected to continue growing, driven by customer preferences for advanced technology and the increasing demand for electronic devices. The ongoing digitalization trend and the need for connectivity are likely to fuel the demand for semiconductors in Italy. Additionally, the strong manufacturing base and the focus on improving efficiency and productivity in industries such as automotive and industrial automation will contribute to the growth of the market. Overall, the Semiconductors market in Italy is poised for further development, supported by customer preferences, local special circumstances, and underlying macroeconomic factors. As technology continues to advance and the demand for electronic devices increases, the market is expected to experience sustained growth in the coming years.

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.