The global semiconductor market was valued at $555.9 billion in 2021, and is projected to reach $1,033.5 billion by 2031, registering a CAGR of 6.21% from 2022 to 2031.
A semiconductor is a substance that has specific electrical properties that enable it to serve as a foundation for computers and other electronic devices. It is typically a solid chemical element or compound that conducts electricity under certain conditions but not others. This makes it an ideal medium to control electrical current and everyday electrical appliances. Semiconductors such as memory chips are a backbone and a prerequisite for any endeavors in emerging technologies. From artificial intelligence (AI), reliant smartphones to adoption of internet of things (IoT) and 5G, nothing has been left untouched by semiconductors. Semiconductor is used to power technologies that enrich lives of consumers and make businesses run smarter, faster, and more efficiently.
The semiconductor market is segmented into Component, Node Size and Application.
By component, the semiconductor industryt is divided into memory devices, logic devices, analog IC, MPU, MCU, sensors, discrete power devices, and others. The logic devices segment was the highest revenue contributor to the market in 2021.
By node size, the semiconductor industry is divided into 180nm, 130nm, 90nm, 65nm, 45/40nm, 32/28nm, 22/20nm, 16/14nm, 10/7nm, 7/5nm and 5nm. The 7/5nm segment was the highest revenue contributor to the market in 2021.
By application, it is segmented into telecommunication, defense & military, industrial, consumer electronics, automotive, and others. The consumer electronics segment was the highest revenue contributor to the market in 2021.
Region wise, the semiconductor market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (France, Germany, UK, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific) and LAMEA (Latin America, the Middle East, and Africa). North America, specifically the U.S., remains a significant participant in the global industrial semiconductor. Major organizations and government institutions in the country are intensely putting resources into the technology.
Rapid growth of the semiconductor industry is attributed to increasing consumption of consumer electronics devices around the world. Moreover, emergence of machine learning and artificial intelligence has provided new opportunities for development of the semiconductor market size. Furthermore, increasing demand for efficient and faster memory chips in industrial applications is also expected to drive the semiconductor market growth during the forecast period.
Significant factors that impact growth of the semiconductor industry include increase in utilization of consumer electronics. Moreover, surge in adoption of internet of things (IoT) technology is expected to drive the market growth. However, complexities in manufacturing acts as a prime barrier for early adoption, which hampers growth of the market. On the contrary, increase in investments in semiconductor wafer fabrication equipment and materials offers potential growth opportunities for the semiconductor market share.
The key players profiled in this report include Broadcom Inc, Intel Corporation, Qualcomm Incorporated, Samsung Electronics Co Ltd, SK Hynix Inc., Taiwan Semiconductors, Texas Instruments Inc., Toshiba Corporation, Maxim Integrated Products Inc. and Micron Technology Inc. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, regional expansion, and collaborations to enhance their penetration in the semiconductor industry.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the semiconductor market analysis from 2021 to 2031 to identify the prevailing semiconductor market opportunity.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the semiconductor market overview assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global semiconductor market trends, key players, market segments, application areas, semiconductor market forecast and market growth strategies.
Semiconductor Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 1033.4 billion |
 Growth Rate | CAGR of 6.2% |
 Forecast period | 2021 - 2031 |
 Report Pages | 276 |
 By Component |
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 By Node Size |
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 By Application |
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 By Region |
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 Key Market Players | MediaTek Inc, NXP Semiconductors, Taiwan Semiconductors, TOSHIBA Corporation, QUALCOMM Incorporated, Maxim Integrated Products Inc., STMicroelectronics, Infineon Technologies, Intel Corporation, Broadcom Inc., Advanced Micro Devices, Inc., NVIDIA Corporation, Samsung Electronics Co Ltd, Analog Devices Inc., SK Hynix Inc., Micron Technology Inc., Texas Instruments Inc. |
Analyst Review
According to insights of CXOs of leading companies, the global semiconductor market is flourishing at a rapid pace. However, complexities in manufacturing and high initial investments are still a concern for new entrants. Market players are generously investing in R&D activities to develop improved techniques to decrease complication of semiconductor manufacturing. It is essential to optimize affordable prices for semiconductor products for long-term growth.
The semiconductor market provides numerous growth opportunities to market players. Emergence of artificial intelligence, internet of things and machine learning technologies is expected to create a market for Insulators as this technology aid memory chip to process large data in less time. Moreover, demand for faster and advanced memory chip in industrial application is expected to boost the semiconductor market size.
Apart from semiconductor manufacturing companies operating in the market, service providers are the key participants and largely contribute toward growth of the overall semiconductor market. Service providers use different technologies and materials to provide customized semiconductor products. Key players profiled in the report include semiconductor market players, such as Broadcom Inc, Intel Corporation, Qualcomm Incorporated, Samsung Electronics Co Ltd, SK Hynix Inc., Taiwan Semiconductors, Texas Instruments Inc., Toshiba Corporation, Maxim Integrated Products Inc., and Micron Technology Inc.
Consumer electronics is considered to be the leading application of Semiconductor Market.
North America is the largest regional market for Semiconductor.
The global semiconductor market was valued at $555.9 billion in 2021.
Some of the key players in the semiconductor industry are Broadcom Inc, Intel Corporation, Qualcomm Incorporated, Samsung Electronics Co Ltd and others.
The semiconductor market is expected to grow at the CAGR of 6.21% during the forecast period.
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