Saudi Arabia Semiconductor Market Segmented By Component (Memory Devices, Microprocessors, Analog IC, Sensors, Discrete Power Devices, Others), By Application (IT & Telecom, Automotive, Consumer Electronics, Other Industries), By Type (Extrinsic Semiconductor, Intrinsic Semiconductor), By Material Type (Silicon, Germanium, Gallium Arsenide), By Region, Competition Forecast & Opportunities, 2018-20
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationSaudi Arabia Semiconductor Market Segmented By Component (Memory Devices, Microprocessors, Analog IC, Sensors, Discrete Power Devices, Others), By Application (IT & Telecom, Automotive, Consumer Electronics, Other Industries), By Type (Extrinsic Semiconductor, Intrinsic Semiconductor), By Material Type (Silicon, Germanium, Gallium Arsenide), By Region, Competition Forecast & Opportunities, 2018-20
Saudi Arabia Semiconductor market is expected to increase during the forecast period, owing to the following factors including favourable demographics, boosting foreign trade and investments. Semiconductors such as memory chips are a backbone and a prerequisite for any endeavours in emerging technologies. Everything from artificial intelligence (AI) to smartphone reliance to internet of things (IoT) and 5G adoption, have been influenced by semiconductors. Semiconductor is used to power technologies that enrich lives of consumers and make businesses run smarter, faster, and more efficiently.
Semiconductors are substances whose conductivity falls between those of conductors and those of non-conductors or insulators. In addition to pure materials like silicon or germanium, semiconductors can also contain compounds like gallium arsenide or cadmium selenide. Doping, a procedure that involves adding small amounts of impurities to clean semiconductors, results in significant changes in the material's conductivity. Many products employ semiconductors, including computers, smartphones, appliances, gaming equipment, and medical devices.
Increasing Trend of Vehicle Electrification
In recent years, the cost of electric vehicles has been comparatively very high due to the high manufacturing cost. The growth of new start-ups in the electric vehicle segment brought new innovative ideas and technologies which helped in reducing the production cost of vehicle electrification. This resulted in consumers shifting focus towards electric vehicle segment. The rise of fuel prices has also escalated the speed of vehicle electrification, especially in cities where gas emissions, congestion, and mobility problems are raising the demand for new features in cars. The use of semiconductors has also enabled replacing the manual system with an electric system. Electrification of vehicles offers additional benefits such as reduced carbon emission and increased fuel mileage.
in February 2023, Saudi Arabia investigated in several opportunities and are currently making plans to become an EV manufacturing hub starting with 500,000 cars, by 2030.
Download Free Sample ReportTechnological Advancements
The semiconductor industry has been significantly impacted by technological development and its integration in the new digital environment. Today's integrated circuit (IC) designs incorporate more system functionality into single chips (System on Chip). Pre-designed IP blocks and cores are increasingly important in these SoC designs. Because most SoC designs use a standard microprocessor, a lot of system functionality is standardized and can be reused across different designs. Moreover, semiconductor memory IP has been directly impacted by the demand for high-performance memory systems. The development of increasingly complicated semiconductors that can support intensive memory operations is being driven by the desire for quicker and more effective memory solutions. Overall, dependence on IP solution providers is growing, which drives huge investments in the Saudi Arabia semiconductor market. The Saudi Arabia semiconductor market is also exploring new materials and technologies to reduce the environmental impact of semiconductor production. For instance, researchers are developing new materials that are more environmentally friendly than traditional materials. This includes materials made from renewable sources, such as wood or plant-based polymers. In addition, technologies such as 3D printing are being used to produce more efficient and sustainable semiconductor components.
Rising Investments and Collaborations
Saudi Arabia unveiled its first locally made smart chip and announced a slew of new high-tech initiatives worth USD 1.07 billion in partnership with 10 global tech giants to improve its technological process
The Rise of Artificial Intelligence, Machine Learning and IoT
Semiconductor technologies are used to create everything from bomb detectors to smart glasses. Semiconductor chip manufacturers are constantly working to meet the needs of AI and IoT, which is expected to drive Semiconductor market trends and demand. The Internet of Things is the next generation of computing devices embedded in everyday objects that can send and receive data, including wearable devices, smart home devices, and factory equipment. AI and machine learning add the most value to the manufacturing process by lowering costs, increasing throughput, and increasing yields. Furthermore, AI and machine learning help semiconductor companies improve accuracy by utilizing metrology readings and tool-sensor data, that enables machine learning. Therefore, with the rise of Artificial Intelligence, Machine Learning and IoT, there is an increase in Saudi Arabia semiconductor market.
Rapid Acceleration Toward Industry 4.0 and Penetration of Industry 5.0
Complex Design and Multiple
Semiconductor design is divided into two categoriesHardware Design and Software Development. Product definition and specification, system design, integrated circuit design, and post-silicon validation are all part of the hardware design process. As design grows more complex, it becomes an increasingly iterative process, especially for leading players.
Recent Developments
- Aspart of Saudi Arabia’s Vision 2030 Program, from 2021, many telecom companiessuch as Mobily, Zain KSA, and others revealed to focus on the development ofthe 5G Network in the country and to upgrade its LTE infrastructure. Theinitiative in 5G developments is projected to be an essential opportunity forthe communication sector in Saudi Arabia.
Market Segments
Saudi Arabia semiconductor market is segmented into component, application, type, material type
Market Players
Saudi Arabia Semiconductor Market players include Atlas Copco Saudi Arabia, SAMI Advanced Electronics, WIKA Saudi Arabia LLC, Hitachi Energy Ltd., Hon Hai Precision Industry Co., Ltd.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2022 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | Component Application Type Material Type Region |
| Regional Scope | Northern Central Eastern Western Southern |
| Key companies profiled | Atlas Copco Saudi Arabia, SAMI Advanced Electronics, WIKA Saudi Arabia LLC, Hitachi Energy Ltd., Hon Hai Precision Industry Co., Ltd. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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