Semiconductors - Romania

Romania

Revenue in the Semiconductors market is projected to reach US$1,367.00m in 2024.
Integrated Circuits dominates the market with a projected market volume of US$1,133.00m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 11.27%, resulting in a market volume of US$2,332.00m 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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Currency

Analyst Opinion

The Semiconductors market in Romania has been experiencing significant growth in recent years.

Customer preferences: Romanian customers have shown a strong preference for advanced semiconductor technologies, such as microprocessors and memory chips. They value high-performance and energy-efficient solutions that can enhance the performance of their electronic devices. Additionally, customers in Romania are increasingly interested in semiconductors for emerging technologies, such as artificial intelligence and Internet of Things (IoT) applications. This demand is driven by the growing adoption of smart devices and the need for connectivity in various industries.

Trends in the market: One of the key trends in the Romanian Semiconductors market is the increasing demand for automotive semiconductors. The automotive industry in Romania has been growing rapidly, attracting investments from major global players. This has led to a rising demand for semiconductors used in advanced driver-assistance systems (ADAS), electric vehicles, and infotainment systems. The need for semiconductors in automotive applications is expected to continue to grow as the country aims to become a hub for electric vehicle production. Another trend in the market is the growing focus on research and development (R&D) activities. Romania has a strong pool of engineering talent and a favorable business environment for innovation. As a result, many multinational semiconductor companies have established R&D centers in the country. These centers focus on developing cutting-edge semiconductor technologies and solutions tailored to the needs of the local market. This trend is expected to drive further growth in the Romanian Semiconductors market.

Local special circumstances: Romania benefits from its strategic location within Europe, which makes it an attractive destination for semiconductor manufacturing and distribution. The country has a well-developed infrastructure and a favorable business environment, attracting foreign investments in the semiconductor industry. Additionally, Romania offers competitive labor costs compared to other European countries, making it an attractive location for semiconductor manufacturing.

Underlying macroeconomic factors: The growth of the Semiconductors market in Romania is supported by several underlying macroeconomic factors. The country has experienced steady economic growth in recent years, which has increased consumer purchasing power and demand for electronic devices. Additionally, the government has implemented policies to promote digitalization and innovation, which has created a favorable environment for the semiconductor industry. Furthermore, Romania is a member of the European Union, which provides access to a large market and favorable trade agreements with other member states. In conclusion, the Semiconductors market in Romania is experiencing significant growth driven by customer preferences for advanced technologies, such as microprocessors and memory chips. The market is also influenced by trends such as increasing demand for automotive semiconductors and a focus on R&D activities. The strategic location of Romania, competitive labor costs, and favorable macroeconomic factors further support the growth of the market in the country.

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.