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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Semiconductors Market Analysis by Region
According to the semiconductor market analysis, the Asia Pacific region commands a significant market share, with countries like China, South Korea, and Taiwan emerging as major semiconductor manufacturers globally. Moreover, Japan and India are witnessing substantial investments in semiconductor manufacturing due to concerns about semiconductor shortages and geopolitical tensions between China and the United States.
In India, the Ministry of Electronics, and Information Technology (MeitY) aims to boost the country's self-reliance and global stature in Electronics System Design and Manufacturing (ESDM) through the Semicon India Programme. Launched in 2022 with an approved budget of INR 76,000 crore, this initiative is anticipated to bolster semiconductor and display manufacturing infrastructure, thereby stimulating growth in the Indian printed circuit board (PCB) market.
China holds the distinction of being the world's largest manufacturing hub, responsible for producing 36% of the world's electronics, including smartphones, computers, cloud servers, and telecom infrastructure. The Made in China 2025 Plan seeks to achieve 70% self-sufficiency in semiconductors by 2025, as articulated by the Semiconductor Industry Association of China.
Meanwhile, North America is poised for robust growth owing to heightened research and development activities by major players, technological advancements, and the surging demand for consumer electronics. The region boasts a resilient manufacturing sector, encompassing automotive, aerospace, and industrial equipment industries, all of which are increasingly reliant on semiconductors for automation, control systems, and IoT connectivity.
The demand for semiconductors in data centres has surged with the proliferation of cloud computing and the need to process vast amounts of data. North America leads in cloud services, hosting large data centres that require high-performance computing and storage solutions.
In April 2024, the Canadian Prime Minister unveiled a new federal investment of $59.9 million to support projects by IBM Canada and the MiQro Innovation Collaborative Centre (C2MI), aimed at enhancing semiconductor production and fostering economic growth.
Semiconductor Market Report Snapshots
Semiconductor Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market was valued at USD 625.05 billion in 2023.
The market is projected to grow at a CAGR of 7.7% between 2024 and 2032.
The revenue generated from the semiconductor market is expected to reach USD 1251.58 billion in 2032.
Technological advancements, growing consumer electronics demand, environmental concerns and defence and aerospace are the major trends impacting the semiconductor market trends.
The semiconductor market is categorised according to the components, which include memory devices, logic devices, analogue IC, OSD and microcomponents.
The key players are Intel Corporation (NASDAQ: INTC), Samsung Electronics Co., Ltd., Texas Instruments, Nvidia Corporation, Micron Technology, Inc. (NASDAQ: MU), Qualcomm Technologies, Inc. (NASDAQ: QCOM), SK Hynix Inc. (KRX: 000660), Taiwan Semiconductor Manufacturing Company Limited, Broadcom Inc., MediaTek Inc., and NXP Semiconductors N.V. among others.
Based on the application, the market is divided into automotive, industrial, data centre, telecommunication, consumer electronics, aerospace and defence, healthcare, and others.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The Asia-Pacific region is the fastest-growing region in the global semiconductor market, driven by technological advancements, and the surging demand for consumer electronics.
The top five companies in the semiconductor market are Intel Corporation (NASDAQ: INTC), Samsung Electronics Co., Ltd., Texas Instruments, Nvidia Corporation, and Micron Technology, Inc. (NASDAQ: MU).
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Australia
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+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124