Semiconductors - Sweden

Sweden

Revenue in the Semiconductors market is projected to reach US$765.40m in 2024.
Integrated Circuits dominates the market with a projected market volume of US$595.20m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.88%, resulting in a market volume of US$1,226.00m 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

Region

Region comparison

Currency

Analyst Opinion

The Semiconductors market in Sweden has experienced significant growth in recent years, driven by customer preferences for advanced technology and the country's strong focus on innovation.

Customer preferences: Swedish customers have a strong preference for high-quality and technologically advanced products. They prioritize reliability, performance, and energy efficiency when it comes to semiconductors. As a result, there is a growing demand for semiconductors that can support the development of cutting-edge technologies such as artificial intelligence, Internet of Things (IoT), and autonomous vehicles.

Trends in the market: One of the key trends in the Swedish Semiconductors market is the increasing adoption of renewable energy sources. Sweden has set ambitious targets to become carbon neutral by 2045, and this has led to a surge in demand for semiconductors used in renewable energy systems such as solar panels and wind turbines. Additionally, the growing popularity of electric vehicles in the country has created a need for semiconductors that can support the development of efficient charging infrastructure. Another trend in the market is the rise of the gaming industry. Sweden is home to several successful gaming companies and has a vibrant gaming culture. This has created a demand for high-performance semiconductors used in gaming consoles, graphics cards, and virtual reality systems. The increasing popularity of e-sports has further fueled the demand for semiconductors in this sector.

Local special circumstances: Sweden has a highly skilled workforce and a strong culture of innovation. The country invests heavily in research and development, which has led to the emergence of several successful semiconductor companies. These companies benefit from the close collaboration between academia, industry, and government, which fosters innovation and the development of cutting-edge technologies. Furthermore, Sweden has a stable political and economic environment, which provides a favorable business climate for semiconductor companies. The country's strong intellectual property protection laws and robust legal system attract foreign investors and encourage innovation.

Underlying macroeconomic factors: Sweden has a strong economy with high purchasing power. The country has a well-developed infrastructure and a high level of digitalization, which creates a conducive environment for the growth of the semiconductor market. Additionally, the government provides support to the semiconductor industry through various initiatives and incentives, further driving market growth. In conclusion, the Semiconductors market in Sweden is experiencing significant growth due to customer preferences for advanced technology, the country's focus on innovation, and the presence of a skilled workforce. The increasing adoption of renewable energy sources and the rise of the gaming industry are key trends driving market growth. The stable political and economic environment, along with favorable macroeconomic factors, further contribute to the development of the semiconductor market in Sweden.

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.