Global semiconductor market is expected to grow with a steady CAGR for the forecast period, 2023-2027. The rise in the disposable income of consumers is increasing the affordability of consumers to buy quality products. Ongoing technological advancements around the globe and the rise in consumer awareness are contributing to the global semiconductor market growth. The surge in the consumption of consumer electronic devices such as notebooks, laptops, smartphones, gaming, wearables around the globe is fueling the market growth for the next five years. The rise in the implementation of the internet of things in prominent industry verticals is fostering the demand for connected devices and sensors to ensure effective communication and response between devices.
The development of the telecommunication industry and the expected roll-out of 5G technology to improve connectivity and provide fast internet connection across the globe is expected to propel the global semiconductor market growth in the predicted period. The emergence of advanced technologies like the internet of things, artificial intelligence, cloud computing, big data analytics is expected to create lucrative opportunities for the global semiconductor market growth. The rise in the demand for faster and advanced memory chips for industrial applications and the use of technologies to process large amounts of data in minimal time significantly contribute to the market growth.
The global semiconductor market is segmented into type, process, application, regional distribution, and company. Based on regional analysis, Asia-pacific region is dominating the market and is expected to maintain its dominance throughout the forecast period, 2023-2027. Ongoing research and development activities and the adoption of advanced technologies such as the internet of things, machine learning is driving the demand for advanced devices requiring the integration of semiconductors. Supportive government policies favoring semiconductor manufacturing, increase in per capita income and the adoption of advanced electronic device for various purposes is further expected to accelerate the semiconductor market growth in the region.
The major players operating in the global semiconductor market are Qualcomm Inc., Samsung Electronics Co. Ltd., Infineon Technologies AG, Intel Corporation, NXP Semiconductors NV, Texas Instruments Incorporated, SK hynix Inc., Micron Technology, Inc., Taiwan Semiconductor Manufacturing Company Limited, NVIDIA Corp., Broadcom, Inc., ST Microelectronics, Advanced Semiconductor Engineering, Inc., ON Semiconductor Corporation, Advanced Micro Devices, Inc., among others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
Objective of the Study
- To analyze the historical growth of the market size of global semiconductor market from 2017 to 2020.
- To estimate and forecast the market size of global semiconductor market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast global semiconductor market based on type, process, application, regional distribution, and company.
- To identify dominant region or segment in the global semiconductor market.
- To identify drivers and challenges for global semiconductor market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global semiconductor market.
- To identify and analyze the profile of leading players operating in global semiconductor market.
- To identify key sustainable strategies adopted by market players in global semiconductor market.
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Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of manufacturers across the globe. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the manufacturers who could not be identified due to the limitations of secondary research. Market Insights Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
Market Insights Research calculated the market size of
Key Target Audience
- Semiconductor manufacturing companies
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to semiconductor market
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2021 |
| Historical Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Type · Process · Application |
| Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
| Country scope | United States, Mexico, Canada, China, India, Japan, South Korea, Australia, Singapore; Vietnam; Germany, France, United Kingdom, Russia, Italy, South Africa, UAE, Saudi Arabia, Egypt; Turkey; Israel; Brazil, Argentina, Colombia; Chile |
| Key companies profiled | Qualcomm Inc., Samsung Electronics Co. Ltd., Infineon Technologies AG, Intel Corporation, NXP Semiconductors NV, Texas Instruments Incorporated, SK hynix Inc., Micron Technology, Inc., Taiwan Semiconductor Manufacturing Company Limited, NVIDIA Corp., Broadcom, Inc., ST Microelectronics, Advanced Semiconductor Engineering, Inc., ON Semiconductor Corporation, Advanced Micro Devices, Inc. |
| 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) |
