Semiconductors - Portugal

Portugal

Revenue in the Semiconductors market is projected to reach US$1,113.00m in 2024.
Integrated Circuits dominates the market with a projected market volume of US$768.00m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 8.51%, resulting in a market volume of US$1,674.00m 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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Market

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Analyst Opinion

The Semiconductors market in Portugal has been experiencing steady growth in recent years, driven by customer preferences for advanced technology and increasing demand for electronic devices.

Customer preferences: Customers in Portugal have shown a strong preference for technologically advanced products, including smartphones, tablets, and wearable devices. This has led to an increased demand for semiconductors, which are essential components in these electronic devices. Additionally, there is a growing interest in emerging technologies such as artificial intelligence, internet of things, and autonomous vehicles, which further drives the demand for semiconductors.

Trends in the market: One of the key trends in the semiconductors market in Portugal is the shift towards miniaturization and increased functionality of electronic devices. This trend is driven by the need for smaller and more portable devices that can perform multiple tasks. As a result, there is a growing demand for smaller and more efficient semiconductors that can support these advanced features. Another trend in the market is the increasing adoption of renewable energy sources, such as solar and wind power. This has led to a rise in the demand for semiconductors used in renewable energy systems, including solar panels and wind turbines. The government's focus on promoting renewable energy and reducing carbon emissions has further accelerated this trend.

Local special circumstances: Portugal has a strong manufacturing base for semiconductors, with several companies specializing in the production of these components. The country's strategic location in Europe also makes it an attractive destination for semiconductor manufacturers, as it provides easy access to key markets in Europe and beyond. Additionally, Portugal has a skilled workforce and a favorable business environment, which further supports the growth of the semiconductor industry.

Underlying macroeconomic factors: The growth of the semiconductors market in Portugal is also influenced by various macroeconomic factors. The country has been experiencing stable economic growth in recent years, which has increased consumer purchasing power and boosted demand for electronic devices. Additionally, Portugal has been investing in research and development activities, which has led to technological advancements and innovation in the semiconductor industry. Furthermore, the government has implemented supportive policies and incentives to attract foreign investment in the semiconductor sector. This has led to the establishment of several semiconductor manufacturing facilities in the country, contributing to the growth of the market. In conclusion, the Semiconductors market in Portugal is driven by customer preferences for advanced technology, increasing demand for electronic devices, and the adoption of renewable energy sources. The market is characterized by a shift towards miniaturization and increased functionality of electronic devices, as well as the presence of a strong manufacturing base and favorable business environment. The growth of the market is supported by stable economic growth, investments in research and development, and government policies to attract foreign investment.

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.