Semiconductors - United Arab Emirates

United Arab Emirates

Revenue in the Semiconductors market is projected to reach US$295.50m in 2024.
Optoelectronics dominates the market with a projected market volume of US$140.60m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.41%, resulting in a market volume of US$403.10m 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 United Arab Emirates is experiencing significant growth and development in recent years.

Customer preferences: Customers in the United Arab Emirates have shown a strong preference for advanced and innovative semiconductor products. They are increasingly demanding high-performance semiconductors that can support the growing demand for technologies such as artificial intelligence, Internet of Things, and autonomous vehicles. Additionally, customers in the United Arab Emirates are placing a greater emphasis on energy efficiency and sustainability, driving the demand for semiconductors that can enable more efficient power consumption in various applications.

Trends in the market: One of the key trends in the Semiconductors market in United Arab Emirates is the increasing adoption of advanced semiconductor technologies across various industries. The country is witnessing a rapid expansion of its technology sector, with a focus on developing smart cities and digital infrastructure. This has resulted in a growing demand for semiconductors that can support the development of advanced technologies and drive innovation in areas such as telecommunications, healthcare, transportation, and energy. Another important trend in the market is the rise of the Internet of Things (IoT) in the United Arab Emirates. The country is actively investing in IoT technologies and applications, which require a wide range of semiconductors to enable connectivity and data processing. As a result, there is a growing demand for semiconductors that can support the development of IoT devices and infrastructure.

Local special circumstances: The United Arab Emirates has a strong focus on diversifying its economy and reducing its dependence on oil. As part of this strategy, the country is investing heavily in the development of its technology sector, which includes the semiconductor industry. The government has implemented various initiatives and incentives to attract foreign investment and encourage the growth of the semiconductor market. This has created a favorable business environment for semiconductor companies, leading to increased investments and collaborations in the country.

Underlying macroeconomic factors: The strong growth in the Semiconductors market in United Arab Emirates can be attributed to several macroeconomic factors. The country has a stable political environment, favorable business regulations, and a well-developed infrastructure, which have attracted both domestic and international companies to invest in the semiconductor industry. Additionally, the United Arab Emirates has a young and tech-savvy population, which is driving the demand for advanced semiconductor technologies. Furthermore, the country's strategic location and connectivity make it an ideal hub for semiconductor manufacturing and distribution, further contributing to the growth of the market. In conclusion, the Semiconductors market in United Arab Emirates is experiencing significant growth and development, driven by customer preferences for advanced and innovative semiconductor products, the increasing adoption of advanced semiconductor technologies, the rise of the Internet of Things, local special circumstances such as government initiatives and incentives, and underlying macroeconomic factors such as a stable political environment and favorable business regulations. These factors are likely to continue driving the growth of the semiconductor market in the United Arab Emirates in the coming years.

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.