MARKET SUMMARY

The global semiconductor market was valued at USD 487.21 billion in 2021 and it is predicted to rise at a compound annual growth rate (CAGR) of 11.00 % from 2022 to 2032. This market's growth can be attributed to the rising global consumption of consumer electronics devices. Furthermore, the emergence of artificial intelligence (AI), the Internet of Things (IoT), and machine learning (ML) technologies are opening up new opportunities. Market development opportunities. These technologies help memory chips process data large amounts of data in a short period of time.

Over the forecast period, market growth will be driven by rising demand for faster and more advanced memory chips in industrial applications. The entire technology industry is recovering from the trade war between the United States and China, as well as the 2019 down cycle. The International Data Corporation (IDC) forecasted a 6% decline in revenue for the global semiconductor industry over the forecast period in 2020 (with a 54% probability).

“Increasing Integrated Circuit Demand in Emerging Countries Globally Fuels the Market”

AI, IoT, and wirelessly connected devices are creating a huge demand all over the world. Micron Technology, Inc., for example, provides high-capacity memory and multi-chip packages powered by AI training that are used in embedded or cloud edge devices and mobile. The majority of these new inventions include a single system on a chip (SoC) to provide high levels of integration.

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SEGMENT OUTLOOK:

The global semiconductor market is segmented based on Component and Application.

By Component

Based on Components, the semiconductor market is segmented into memory devices, logic devices, analog IC, MPU & MCU, discrete power devices, sensors & others (DSP).

Due to ongoing technological advancements such as virtual reality and cloud computing, as well as their integration into end-user devices, memory devices are expected to drive overall market growth. Revenue would be generated due to the high average selling price of NAND flash chips and DRAM. Likewise, logic devices used in special purpose application-specific signal processors (ASSP) and application-specific integrated circuits (ASIC) are expected to grow at the fastest rate during the forecast period.

Because of weak shipments and investments in notebook PCs, computers, and standard desktops, the microprocessor (MPU) and microcontroller (MCU) segments would show stagnant growth. The growing popularity of IoT-based electronics is driving up demand for powerful processors and controllers in the current market. The analog IC segment is expected to grow gradually due to limited demand from the networking and communication industries. Signal conversion, automotive-specific analog applications, and power management are three emerging trends in the growing demand for analog integrated circuits. They are enabling the growing demand for discrete power devices. The Others segment includes Digital Signal Processing (DSP), which is expected to grow moderately due to low demand.

By Application

Based on Application, the semiconductor market is segmented into networking & communications, data processing, industrial, consumer electronics, automotive, and government.

With the increasing demand for smartphones and smart devices globally, the networking and communications segment is expected to grow at a significant CAGR. Working from home is becoming increasingly important in both developed and developing economies, increasing demand for this application segment. Because of the high demand for and sales of smartphones and other connected devices, the data processing application segment commands a sizable semiconductor market share.

Consumer electronics, such as gaming consoles, wearable devices, and other electronic devices, play an important role in this market, enabling electronic gaming to be used in a variety of countries. Due to the low penetration rate of hybrid and electric vehicles, the automotive application segment is expected to grow at a moderate rate. However, promising autonomous driving advancements may boost market potential. Due to insufficient industrial machine manufacturing, the industrial application segment is expected to grow steadily.

BY REGIONAL OUTLOOK:

On the basis of geography, the semiconductor market is segmented into:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East & Africa

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In 2021, Asia Pacific dominated the market and represented a revenue share of more than 36.21 %. The rising popularity of high-end technological devices combined with low electronics prices is causing an increase in consumption relating to consumer electronics. Furthermore, technological advancements such as IoT and LTE  support electronics products, allowing the region to direct a large market share China has the largest market share and is expected to grow at a moderate CAGR in the coming years, owing to the growing presence of local semiconductor Component manufacturers. These local market players typically offer a diverse range of products at bulk discounts. As a result, it would boost the market growth in China over the forecast period.

The North American market is expected to grow at a rapid pace due to increased R&D investments. According to the Semiconductor Industry Association (SIA), R&D expenditures in the United States increased at a compound annual growth rate of about 6.6 percent between 1999 and 2019. The telecom and automotive industries will drive significant growth in the European market. Companies throughout the region are investing in new technologies and expanding production capacity to meet the growing demand for advanced devices and components in the semiconductor industry. Furthermore, rising consumer goods consumption in the United Kingdom, France, and Germany will support the growth of this industry in Europe over the forecast period.

BY KEY COMPETITORS AND MARKET SHARE ANALYSIS:

As a result, leading firms are focused on maintaining long-term operations and developing manufacturing and distribution capabilities to increase their market position.

The competition among the players is based on numerous parameters including quality, innovation, product offerings, price, and corporate reputation.

Recent Developments:

o   In September 2021, Toshiba Electronic Devices & Storage Corporation launched a new M4G Group of Arm Cortex-M4 Microcontrollers for high-speed data processing products in the TXZ+TM Family Advanced Class.

o   In February 2020, Toshiba Electronic Devices and Storage Corporation launched TC78H670FTG, the latest addition to its micro-stepping integrated circuit portfolio. This new IC will drive a 128 micro-stepping motor within the power range of 2.5V to 16V.

The following are some of the major market players operating across the globe:

o Broadcom, Inc.

o Intel Corporation

o Qualcomm 

o Samsung Electronics

o SK Hynix

o Taiwan Semiconductors 

o Texas Instruments

o Toshiba Corporation

o Maxim Integrated Products, Inc.

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SEGMENTS COVERED IN THE REPORT ARE AS FOLLOWS:

Component Outlook: Revenue in USD Billion (2017 - 2032)

o   Memory Devices

o   Logic Devices

o   Analog IC

o   MPU & MCU

o   Discrete Power Devices

o   Sensors  & Others (DSP)

Application Outlook: Revenue in USD Billion (2017 - 2032)

o   Networking & Communications

o   Data Processing

o   Industrial

o   Consumer Electronics

o   Automotive

o   Government

Regional Insights: Revenue in USD Billion (2017 - 2032)

• North America

U.S.

Canada

• Europe

U.K.

Germany

France

Italy

Spain

• Asia Pacific

Japan

China

India

Australia

South Korea

Singapore

• Latin America 

Brazil

Mexico

Argentina

Colombia

• Middle East & Africa

Saudi Arabia

UAE
South Africa