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A17597 | Pages: 276 | Charts: 78 | Tables: 200 |
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 the backbone and a prerequisite for any endeavors in emerging technologies.
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The semiconductor market is segmented into Component, Node Size, and Application.
By component, the semiconductor industry 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.
[COMPONENTGRAPH]
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.
[NODESIZEGRAPH]
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.
[APPLICATIONGRAPH]
Region-wise, the semiconductor market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (France, Germany, UK, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and the 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 market. Major organizations and government institutions in the country are intensely putting resources into technology.
[REGIONGRAPH]
The rapid growth of the semiconductor industry is attributed to the increasing consumption of consumer electronics devices around the world. Moreover, the emergence of machine learning and artificial intelligence has provided new opportunities for the development of the semiconductor market. 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 the growth of the semiconductor industry include an increase in the utilization of consumer electronics. Moreover, a surge in the adoption of Internet of Things (IoT) technology is expected to drive market growth. However, complexities in manufacturing act as a prime barrier to early adoption, which hampers the growth of the market. On the contrary, an increase in investments in semiconductor wafer fabrication equipment and materials offers potential growth opportunities for the semiconductor market.
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 Market Segments
Key Market Players