Semiconductor Market (By Component: Memory Devices, Logic Devices, Analog IC, MPU, Discrete Power Devices, MCU, Sensors, Others; By Application: Networking & Communication, Data Processing, Industrial, Consumer Electronics, Automotive, Government) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027

The global semiconductor market is anticipated to grow at a CAGR of around 5.6% during the forecasting period 2020 to 2027 and to reach around US$ 783.8 Bn by 2027.

Market Dynamics

Electronic sector is witnessing rapid advancements across the globe along with ongoing investment for development of advanced devices incorporated with AI is resulting in demand for various components such as logic devices, analog IC, etc. are some factors expected to drive the growth of the global semiconductor market. Government of developed and developing is focused on development of smart cities. They are investing high for the development of smart infrastructure in order to improve the quality of life of people. This is resulting in demand for various components from IoT device manufacturers is supporting the growth of semiconductor industry.

Government is focused on incorporation of AI in various end use industries in order to facilitate the adoption of advanced device. Flourishing automotive sector in developed and developing countries, rising passenger vehicle sales and inclination towards adoption of electric vehicles is expected to support the growth of target market.

In addition, business development activities through strategic merger and acquisitions in order to increase the customer base and enhance the product portfolio is another factor expected to support the growth of target market. Players are focused on increasing the business presence through joint ventures they are enhancing the profit ratio.

• In 2019, Qualcomm Incorporated, Universal Scientific Industrial (Shanghai) Co., Ltd. (USI) and ASUS collaborated in order to expand the mobile and semiconductor industry in Brazil. This collaboration will help the company to strengthen their presence in Brazil and Latin America market.

However, factors such as high cost associated to R&D activities and high complexity in component manufacturing are expected to hamper the growth of global semiconductor market.

Technological advancements by the major players, high R&D activities, and innovative product offerings are factors responsible to create new opportunities for players over the forecast period. In addition, increasing focus on establishment of new facilities and increasing production capacity are factors expected to support the growth of target market..

Semiconductor Market Segment Analysis, 2019

The global semiconductor market is segmented in to components and applications. The application segment is bifurcated into networking & communication, data processing, industrial, consumer electronics, automotive, and government. Among application the consumer electronics segment is expected to account for significant revenue share over the forecast period

Segment Analysis by Region

The market in North America is expected to account for major revenue share owing to rising demand from industries operating in networking & communication and data processing. In addition, presence of major players operating in the country in this region and innovative product offerings is expected to further support the growth of target market in this region.

Asia Pacific is expected to witness faster growth in the near future owing to high government spending on the development of the industry. In addition, government initiatives in order to support the mid-size enterprises through various business support is another factors expected to support the growth of target market in this region.

Competitive Landscape

Presence of large number of players operating on regional and international level is increasing the competition. In addition, business development activities and new product offerings are factors further augmenting the market competition.

Report coverage

The market research study on “Semiconductor Market (Components: Memory Devices, Logic Devices, Analog IC, MPU, Discrete Power Devices, MCU, Sensors, and Others; Applications: Networking & Communication, Data Processing, Industrial, Consumer Electronics, Automotive, and Government) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026”, offers a detailed insights on the global semiconductor market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global semiconductor market, components, applications, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global semiconductor market size and segment markets by components, applications, and geography along with the information on companies operating in the market. The semiconductor market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report Micron Technology Inc., Toshiba Corporations, SK HYNIX INC., Broadcom Inc., Taiwan Semiconductors, Intel Corporation, Micron Technologies, NVIDIA Corporation, and Qualcomm Technologies Inc.

Market Segmentation

Market By Component

• Memory Devices
• Logic Devices
• Analog IC
• MPU
• Discrete Power Devices
• MCU
• Sensors
• Others

Market By Application

• Networking & Communication
• Data Processing
• Industrial
• Consumer Electronics
• Automotive
• Government

Market By Region

North America

• US
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Rest if Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Meddle East & Africa