Semiconductors - Lithuania

Lithuania

Revenue in the Semiconductors market is projected to reach US$248.90m in 2024.
Integrated Circuits dominates the market with a projected market volume of US$182.10m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.65%, resulting in a market volume of US$394.60m 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 Lithuania is experiencing steady growth and development.

Customer preferences: Customers in Lithuania have a growing demand for high-quality and technologically advanced semiconductors. They are increasingly looking for products that offer better performance, energy efficiency, and reliability. Additionally, customers are also becoming more conscious about the environmental impact of semiconductors and are inclined towards products that are eco-friendly and sustainable.

Trends in the market: One of the key trends in the semiconductors market in Lithuania is the increasing adoption of Internet of Things (IoT) devices. As the country embraces digitalization and connectivity, there is a growing need for semiconductors that power IoT devices and enable seamless communication between them. This trend is expected to drive the demand for microcontrollers, sensors, and wireless communication chips. Another trend in the market is the rising demand for semiconductors in the automotive sector. Lithuania is witnessing a surge in the production of electric vehicles and autonomous driving technologies. As a result, there is a growing need for semiconductors that support advanced driver-assistance systems (ADAS), electric powertrains, and vehicle connectivity. This trend presents significant opportunities for semiconductor manufacturers in the country.

Local special circumstances: Lithuania has a well-developed electronics manufacturing industry, which provides a favorable environment for the growth of the semiconductors market. The country has a skilled workforce and a strong focus on research and development. This enables local companies to design and manufacture semiconductors that cater to the specific needs of the market. Furthermore, Lithuania is strategically located in the Baltic region, which allows easy access to the European Union (EU) market. The country benefits from EU funding and initiatives that support the development of the semiconductor industry. This includes investments in infrastructure, research, and innovation.

Underlying macroeconomic factors: The growth of the semiconductors market in Lithuania is also influenced by macroeconomic factors. The country has a stable economy and a favorable business environment, which attracts foreign investments. This has led to the establishment of semiconductor manufacturing facilities by multinational companies in Lithuania. The presence of these companies not only boosts the local market but also contributes to the overall growth of the semiconductor industry in the country. Additionally, Lithuania is part of the global supply chain for semiconductors. The country serves as a manufacturing hub for electronic components, including semiconductors, that are exported to other countries. This integration into the global supply chain provides opportunities for the local market to expand and diversify. In conclusion, the Semiconductors market in Lithuania is driven by customer preferences for high-quality and technologically advanced products. The increasing adoption of IoT devices and the growing demand for semiconductors in the automotive sector are key trends in the market. The local special circumstances, including a well-developed electronics manufacturing industry and strategic location, contribute to the growth of the market. Furthermore, macroeconomic factors such as a stable economy and integration into the global supply chain support the development of the semiconductor industry in Lithuania.

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.