PUNE, India, July 22, 2024 /PRNewswire/ -- The
Semiconductor Market size was valued at USD 556.59 Billion in 2023 and the total
Semiconductor Market revenue is expected to grow at a CAGR of 6.21
% from 2024 to 2030, reaching nearly USD 1
Trillion by 2030.
Global Semiconductor Market 2023-2030: Key Highlights
Market Size in
2023:
|
USD 556.59
Bn
|
Market Size in
2030:
|
USD 1
Trillion
|
CAGR:
|
6.21 %
|
Forecast
Period:
|
2024-2030
|
Base
Year:
|
2023
|
Number of
Pages:
|
229
|
No. of
Tables:
|
138
|
No. of Charts and
Figures:
|
193
|
Regional
Scope:
|
North America, Europe,
Asia Pacific, and Africa, South America
|
Report
Coverage:
|
Market Share, Size and
Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers,
Restraints, Investment Opportunities, and Key Trends, Competitive
Landscape, Key Players Benchmarking, Competitive Analysis, MMR
Competition Matrix, Competitive Leadership Mapping, Global Key
Players' Market Ranking Analysis.
|
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https://www.maximizemarketresearch.com/request-sample/215503/
- Historic Market Size 2017-2023
- CAGR of the market during 2024-2030
- Detailed information on factors that will assist Semiconductor
market growth during the next seven years
- An estimation of the Semiconductor market size and the impact
of country's GDP on Semiconductor market
- Forecasts on upcoming trends and changes in consumer
behaviour
- The growth of the Semiconductor market
- Analysis of the competitive landscape and detailed information
on companies
- Comprehensive details of factors that will impede the growth of
Semiconductor companies
Competitive Landscape
The Semiconductor Market includes the presence of several global
as well as regional key players. A few prominent players that offer
Semiconductor in the market are Intel Corporation, Samsung
Electronics Co., Ltd., Taiwan Semiconductor Manufacturing Company
Limited (TSMC), SK Hynix Inc. Qualcomm Incorporated 6. Broadcom
Inc., NVIDIA Corporation, Texas Instruments Incorporated Advanced
Micro Devices, Inc. (AMD), Micron Technology, Inc., Infineon
Technologies AG, NXP Semiconductors N.V. and others.
Key Players Offerings
Intel unveiled its "IDM 2.0" strategy, which centers on becoming
a significant provider of semiconductor manufacturing services for
both Intel's own products and external companies. Intel introduced
its latest CPU architecture, code-named "Alder Lake," featuring a
hybrid design that combines high-performance cores and
high-efficiency cores to enhance power efficiency. Intel made its
entry into the discrete graphics market by launching the Intel Arc
brand, which encompasses a range of gaming GPUs. Intel completed
the acquisition of Habana Labs, an Israeli AI chip company, to
reinforce its portfolio of artificial intelligence accelerators.
Intel acquired Barefoot Networks, a networking chip company, to
augment its capabilities in data center networking. The most
notable PC product milestones for Intel in 2023 include, the Intel
Core processor's new asymmetric architecture with P-cores and
E-cores, Intel's End-to-End Foundry and IDM 2.0, and Intel's jump
back into discrete GPUs with Intel Arc. Intel announced its 13th
Gen Core processors, codenamed Intel Raptop Lake, at its annual
IntelON event in 2022, specifically its higher-end desktop
K-series. It is building on the momentum of its K-series with a 40%
increase in Gen-over-Gen performance.
For a detailed analysis of regions and their contributions
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The Automotive, Data Storage and Wireless Industries Will
Account For 70% Of Semiconductor Industry Growth By 2030.
Around 70 percent of the growth of the semiconductor industry is
attributed to three main areas: automotive, computing and data
storage, and wireless. The automotive sector is expected to show
the strongest growth, with demand potentially tripling due to
improvements in self-driving and e-mobility services. By 2030, the
cost of semiconductor materials for a Society of Automotive
Engineers (SAE) Level 4 electric vehicle is expected to be
$4,000, as opposed to $500 for an SAE Level 1 vehicle with an internal
combustion engine. The automotive industry's share of semiconductor
demand, which stood at 8% in 2021, is expected to rise to 13-15 %
by 2030, contributing up to 20 % of the industry's growth.
The computing and data storage market is expected to grow by
4-6% due to increasing demand for servers to support AI and cloud
computing applications. In the wireless segment, smartphones
are expected to drive most of the growth, especially as emerging
markets shift from the low-end to the mid-range segment and 5G
technology spreads.
For industry decision makers, these findings point to a
promising future for the semiconductor industry, despite short-term
volatility from supply-demand imbalances and changing global
economic and geopolitical conditions. To exploit long-term growth
opportunities, business leaders are strategically focusing on
R&D, innovation, and supply chain management, using these
insights to identify and seize new opportunities.
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Global Semiconductor Shortage Has Halted Automobile
Manufacturing, Causing Billions in Losses
The global semiconductor shortage that began in early 2021 is
costing the automotive industry huge amounts of money, putting
assembly lines on hold worldwide. These shortages have slowed the
development of products such as smartphones, home appliances and
driver assist devices. Major automakers announced massive
production cuts, costing them billions of dollars. The
shortfall dates back to the first months of the COVID-19 pandemic,
with a sharp decline in auto sales, followed by a decline in
semiconductor orders. Meanwhile, high demand for personal computers
and other electronics has pushed semiconductor manufacturing away
from the automotive industry. The industry's reliance on
just-in-time production and Asia-focused supply chains has exacerbated the
problem. Short-term measures to address the shortfall include
greater transparency and better coordination between automakers and
semiconductor suppliers. Long-term solutions include renegotiating
sourcing contracts, increasing stock levels and investing in supply
chain flexibility. As the semiconductor industry faces increased
consumption and geopolitical pressures, both the automotive and
semiconductor industries are collaborating to address the crisis
and prepare for future disruptions.
What's New: Recent Additions and Updates
- Expansion into Southeast Asia,
South America, and Africa
- Localization efforts for new markets
- Technological Advancements
- New Streaming Partnerships and Platforms
- Innovative Marketing Strategies
- Financial Performance and Investment
- Consumer Behaviour and Trends
- Regulatory Changes and Challenges
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In 2024 Semiconductor Industry: Adopting Advanced AI Tools
and Sustainable Smart Manufacturing Practices for Improved
Performance.
Over the years, semiconductor fab facilities and outsourced
semiconductor test and assembly facilities (OSATs) have
increasingly used IoT devices, robotics, and AI/ML analytics to
create fully automated, intelligent, lights-out chip factories.
Wafer fab equipment makers, integrated device manufacturers (IDMs),
foundries, and back-end assembly and test (AT) facilities have
continued to invest in smart manufacturing practices and digital
tools, maintaining consistent objectives for smart
manufacturing.
However, in 2024, two key features are expected to differ for
smart manufacturing in the semiconductor industry. First, the
availability of advanced AI tools, including generative AI, will
enhance the ability to analyse big data, provide dynamic insights
into processes and devices, predictive maintenance, and diagnostic
science. Secondly, the focus will be on increasing the performance
and sustainability of fabs and buildings. This includes
transforming production in old (brownfield) factories alongside new
greenfield plants and investing in a smart manufacturing tool such
as 6D BIM to provide costs improving creation, energy consumption
modelling and analysis, increasing efficiency and facility control
Also includes simplification.
The U.S. and Europe have
boosted domestic AT capacity and advanced packaging to stay
competitive
Asia dominates the global
semiconductor industry, with over 75% of fab capacity and 90% of
chip assembly and testing (AT) market share. Most chipmakers are
outsourcing AT systems to third-party vendors, mainly in
China and Taiwan, which by 2022 will control about 80%
of the OSAT market. Despite the efforts of the U.S. committed to
increasing domestic AT capacity, the region remains heavily
dependent on Asian suppliers.
The boundaries between front-end and back-end manufacturing are
blurring as both industries aim to capture price increases, with
advanced packaging becoming crucial for sophisticated chips. As the
U.S. and Europe expand chip-making
capacity, they must also boost back-end capacity to avoid supply
chain issues. IDMs in the US. and South
Korea focused on improving their packaging, while anecdotal
companies advocate AT near the coast. Advances in complex
generative AI chips are driving demand for advanced packaging and
revealing scarce capabilities. To compete, OSAT and captive AT
facilities strengthened IT infrastructure and integrated AI and ML
to advance packaging technology, improve demand planning, manage
inventory, and enhance testing capabilities.
Segment Overview
MMR has segmented the market based on
By Component
- Microprocessors
- Memory Chips
- Sensors
- Analog (ICs)
- Discrete Semiconductors
- Power Management (ICs)
- Optoelectronics
- Others
By
Type
- Consumer Electronics
- Computing and Data Centres
- Automotive
- Telecommunications
- Industrial and Manufacturing
- Healthcare
- Aerospace and Défense
- Energy
- Renewable Energy Systems
- Gaming and Entertainment
Detailed segmentation values for each segment and
explanations for growth are provided in the final
report:
https://www.maximizemarketresearch.com/market-report/semiconductor-market/215503/
Geography Overview
Asia Pacific dominated the
market in 2023 and is expected to hold the largest Semiconductor
Market share over the forecast period. South Korea, Japan, Mainland China, and Taiwan have each played a pivotal role in the
semiconductor industry's development, encompassing both upstream
and downstream activities. Recent black swan events have
underscored the strategic importance of the Asia Pacific semiconductor market. It is
expected that by 2030, the Asia
Pacific region will account for 62% of the global
semiconductor market.
U.S. exports targeting semiconductor technology with potential
military applications have had a significant impact on China. In 2022-23, these controls include
restrictions on advanced automated nodes and AI accelerator chips.
In October 2023, these restrictions
were further tightened. The MMR-reporting study expects that the
impact of this barrier will become more pronounced by 2025 and
further restrictions may be introduced. Companies will need to
overcome these evolving barriers, balance sales in the affected
markets and meet new challenges and plan for future regulatory
developments and penalties.
In the final report, past and future numbers and explanations
are incorporated seamlessly to provide a comprehensive
understanding of the Global Semiconductor market.
Related Reports:
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total Semiconductor Memory Market revenue is expected to grow at a
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USD 1121.28 Bn by 2030, at a CAGR of
8.2 % during the forecast period.
Semiconductor Materials Market size was valued at
USD 60.52 Bn. in 2023 and is expected
to reach USD 83.19 Bn. by 2030, at a
CAGR of 4.65%.
Semiconductor Lasers Market size was valued at
USD 8.01 Billion in 2023 and the
total Semiconductor Lasers Market revenue is expected to grow at a
CAGR of 9 % from 2024 to 2030, reaching nearly USD 14.71 Billion by 2030.
Organic Semiconductor Market is expected to reach
US$ 290.89 Bn. by 2030 at a CAGR of
22.02% during the forecast period.
Automotive Semiconductor Market was valued at
USD 62.35 Bn in 2023 and is expected
to reach USD 109.66 Bn by 2030, at a
CAGR of 8.4 % during the forecast period.
Discrete Semiconductor Market is expected to grow at a
CAGR of 10.5% during the forecast period and the market is expected
to reach US$ 42.08 Bn by 2030.
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