Semiconductors

Revenue in the Semiconductors market is projected to reach US$485.10m in 2024.
Optoelectronics dominates the market with a projected market volume of US$313.10m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 7.06%, resulting in a market volume of US$682.40m 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.,

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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 Pakistan has been experiencing steady growth in recent years, driven by increasing demand for electronic devices and technological advancements.

Customer preferences: Customers in Pakistan are increasingly adopting electronic devices such as smartphones, tablets, and laptops, leading to a higher demand for semiconductors. The growing middle class in the country has more disposable income, which has contributed to the increased ownership of electronic devices. Additionally, the younger population in Pakistan is tech-savvy and heavily dependent on electronic devices for communication, entertainment, and education. This has further fueled the demand for semiconductors in the country.

Trends in the market: One of the key trends in the semiconductors market in Pakistan is the shift towards more advanced and efficient semiconductor technologies. As technology continues to evolve, there is a growing need for semiconductors that can support higher processing speeds, improved battery life, and increased functionality. This has led to the development of more advanced semiconductor materials and designs, such as smaller transistors and integrated circuits. Additionally, the demand for semiconductors with higher memory capacity and faster data transfer speeds has also increased.

Local special circumstances: Pakistan has a rapidly growing IT industry, which has contributed to the demand for semiconductors in the country. The government has implemented various initiatives to promote the IT sector, including tax incentives and subsidies for IT companies. This has attracted both local and foreign investments in the sector, leading to increased demand for semiconductors. Furthermore, the government's focus on digitization and e-governance has also created opportunities for the semiconductor market in Pakistan.

Underlying macroeconomic factors: The macroeconomic factors driving the growth of the semiconductors market in Pakistan include a growing economy, urbanization, and increasing disposable income. The country's GDP has been steadily increasing, which has resulted in higher consumer spending power. As a result, there is a greater demand for electronic devices, which in turn drives the demand for semiconductors. Additionally, the increasing urbanization in Pakistan has led to a higher concentration of consumers in cities, where the demand for electronic devices is higher. This has further contributed to the growth of the semiconductors market. In conclusion, the semiconductors market in Pakistan is witnessing growth due to increasing customer preferences for electronic devices, the adoption of advanced semiconductor technologies, the growth of the IT industry, and favorable macroeconomic factors. As the demand for electronic devices continues to rise and technology advances further, the semiconductors market in Pakistan is expected to continue its growth trajectory.

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.