Semiconductors - Singapore

Singapore

Revenue in the Semiconductors market is projected to reach US$43.37bn in 2024.
Integrated Circuits dominates the market with a projected market volume of US$40.93bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 10.33%, resulting in a market volume of US$70.91bn 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 Singapore has been experiencing significant growth in recent years.

Customer preferences: Customers in the Semiconductors market in Singapore have been increasingly demanding smaller, faster, and more efficient semiconductor devices. This trend is driven by the need for advanced technologies in various industries, such as electronics, telecommunications, and automotive. Additionally, customers are also seeking semiconductors that are more environmentally friendly and sustainable.

Trends in the market: One of the key trends in the Semiconductors market in Singapore is the increasing demand for Internet of Things (IoT) devices. With the rise of smart homes, connected cars, and industrial automation, there is a growing need for semiconductors that can support these technologies. This trend is expected to continue as more industries adopt IoT solutions. Another trend in the Semiconductors market in Singapore is the shift towards advanced packaging technologies. As semiconductor devices become smaller and more complex, traditional packaging methods are no longer sufficient. Advanced packaging technologies, such as 3D packaging and system-in-package (SiP), are being adopted to meet the increasing demands for higher performance and smaller form factors.

Local special circumstances: Singapore is known for its strong semiconductor manufacturing capabilities and infrastructure. The country has invested heavily in research and development, attracting major semiconductor companies to establish their operations in Singapore. This has created a conducive environment for innovation and collaboration, driving the growth of the Semiconductors market in the country. Additionally, Singapore has a highly skilled workforce and a strong ecosystem of research institutions and universities. This enables the country to develop and produce cutting-edge semiconductor technologies, further fueling the growth of the market.

Underlying macroeconomic factors: The growth of the Semiconductors market in Singapore is also influenced by global macroeconomic factors. The increasing demand for semiconductors is driven by the growth of emerging technologies, such as 5G, artificial intelligence, and autonomous vehicles. These technologies require advanced semiconductor devices, creating opportunities for the market in Singapore. Furthermore, Singapore's strategic location and strong logistics infrastructure make it an attractive hub for semiconductor manufacturing and distribution. The country's well-established trade relationships and free trade agreements also contribute to its competitiveness in the global market. In conclusion, the Semiconductors market in Singapore is experiencing significant growth due to customer preferences for smaller, faster, and more efficient semiconductor devices. The market is also driven by trends such as the increasing demand for IoT devices and the shift towards advanced packaging technologies. Singapore's strong semiconductor manufacturing capabilities, skilled workforce, and favorable macroeconomic factors further contribute to the growth of the market.

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.