PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1530877
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1530877
Semiconductors Market Forecasts to 2030 - Global Analysis By Material Type, Component, Application and By Geography
According to Stratistics MRC, the Global Semiconductors Market is accounted for $715.89 billion in 2024 and is expected to reach $1,845.82 billion by 2030 growing at a CAGR of 17.1% during the forecast period. Semiconductors are materials that have electrical conductivity between that of conductors (like metals) and insulators (like glass). They are fundamental to modern electronics, forming the backbone of devices like transistors, diodes, and integrated circuits. This selectivity is crucial for controlling and manipulating electrical currents, which is essential for creating electronic switches and amplifiers. This property is exploited in the design of electronic components where the flow of electrons (or holes, which are vacancies where electrons could exist) can be precisely regulated.
According to Ericsson, the number of 5G subscriptions increased by 70 million during the first quarter of 2022, reaching about 620 million.
Market Dynamics:
Driver:
Increasing emphasis on energy efficiency and sustainability
The semiconductor industry is experiencing a significant evolution driven by increased emphasis on energy efficiency and sustainability. As global awareness of environmental impacts grows, there is a heightened focus on reducing energy consumption and carbon footprints across all sectors, including technology. Semiconductors, crucial components in electronic devices, play a pivotal role in this shift toward sustainability. Advancements in semiconductor materials and designs are leading to more energy-efficient chips that consume less power without compromising performance.
Restraint:
Cost pressures
Cost pressures are significantly impeding the semiconductor industry. These pressures arise from various factors, including rising material costs, increased demand for advanced technologies requiring expensive manufacturing processes, and geopolitical tensions affecting supply chains. As semiconductor manufacturers strive to meet the escalating demand for electronics in sectors like automotive, consumer electronics, and telecommunications, they face mounting expenses in research and development, production facilities and raw materials.
Opportunity:
Growth in cloud computing services and data centers
Cloud computing relies heavily on data centers that require vast amounts of processing power, memory, and storage capacity, driving the demand for advanced semiconductor technologies. These technologies include high-performance processors, memory chips, and specialized hardware accelerators designed to handle complex computational tasks efficiently. Moreover, the trend towards virtualization, artificial intelligence (AI), and machine learning (ML) further amplifies this demand. AI and ML algorithms require powerful GPUs and specialized chips to process and analyze large datasets in real-time, which are essential for applications ranging from autonomous vehicles to natural language processing.
Threat:
Intellectual property protection
Intellectual property (IP) protection in the semiconductor industry is a double-edged sword. While it safeguards innovations and encourages research and development investments by ensuring creators can profit from their inventions, it also poses significant challenges. Semiconductor companies often face prolonged legal battles over patents, which can stifle innovation and hinder technological progress. The complexity and breadth of semiconductor technologies mean that even minor innovations can be subject to patent disputes, leading to a fragmented landscape where companies must navigate numerous IP claims.
Covid-19 Impact:
The Covid-19 pandemic significantly impacted the semiconductor industry. Initially, disruptions in global supply chains led to shortages of critical components and materials, hampering production across various sectors reliant on semiconductors, such as automotive and electronics. Lockdowns and restrictions also affected manufacturing operations and logistics, causing delays in chip production and distribution. However, shifts in consumer behavior during the pandemic increased demand for electronics, including laptops, tablets, and gaming consoles, exacerbating the supply-demand gap.
The Gallium Arsenide segment is expected to be the largest during the forecast period
Gallium Arsenide segment is expected to be the largest during the forecast period. Gallium arsenide (GaAs) is a compound semiconductor that has gained prominence for its superior electronic properties compared to silicon, particularly in high-frequency and high-power applications. It exhibits a higher electron mobility and lower noise figure than silicon, making it ideal for use in radio frequency (RF), microwave, and millimeter-wave devices. In semiconductor devices, GaAs is used to manufacture field-effect transistors (FETs), heterojunction bipolar transistors (HBTs), and integrated circuits (ICs) that operate at frequencies exceeding those achievable with silicon-based counterparts.
The Discrete Power Devices segment is expected to have the highest CAGR during the forecast period
Discrete Power Devices segment is expected to have the highest CAGR during the forecast period. Discrete Power Devices, which include components like diodes, transistors, and thyristors, play a crucial role in managing power flow within electronic circuits, converting and controlling electrical energy efficiently. Recent advancements in discrete power devices have focused on improving performance metrics such as switching speed, power handling capabilities and energy efficiency. Technological innovations, such as the development of wide-bandgap materials like silicon carbide (SiC) and gallium nitride (GaN), have enabled these devices to operate at higher frequencies and temperatures while minimizing energy losses.
Region with largest share:
North America region commanded the largest share of the market over the extrapolated period. Smartphones rely heavily on semiconductor components such as processors, memory chips, sensors and display drivers, all of which are essential for their functionality and performance across the region. As consumer demand for more advanced smartphones grows, so does the need for more sophisticated semiconductor technologies to power these devices throughout the region. North America, home to major tech giants and semiconductor manufacturers, benefits from this trend through increased production, innovation, and investment in semiconductor manufacturing facilities.
Region with highest CAGR:
Europe region is projected to hold profitable growth during the forecast period. As consumers and businesses alike rely more on digital communication, streaming services and cloud computing, there is a burgeoning need for advanced semiconductor components across the region. These components, such as microprocessors, memory chips, and high-speed data converters, are crucial for enabling faster data transmission and processing capabilities across the region. Moreover, the rise of technologies like 5G networks and Internet of Things (IoT) devices further amplifies this demand, necessitating semiconductor solutions that can handle increased data throughput and maintain reliability across the region.
Key players in the market
Some of the key players in Semiconductors market include Analog Devices, Inc, Broadcom Inc, Infineon Technologies, Intel Corporation, Kyocera Corporation, Marvell Technology Group, NXP Semiconductors, Powertech Technology Inc, Renesas Electronics Corporation, Screen Holdings Co. Ltd, Sony Semiconductor Solutions Corporation and United Microelectronics Corporation.
Key Developments:
In March 2023, Envision Energy, an Envision Group subsidiary providing the world's leading green technology, announced that it has started adopting Analog Devices, Inc. (Micro Electromechanical Systems) MEMS sensor technology in its new generation of smart wind turbines.
In March 2023, Samsung Electronics Co., Ltd., the global leader in innovative memory technology, and NAVER Corporation, a leading internet company, collaborated to develop hyper-scale semiconductor solutions for Artificial Intelligence (AI) Models.
In February 2023, Qualcomm Technologies Inc. and NEC Corporation announced the continuation of the cooperation to promote the commercialization of next-generation networks with their latest 5G vDU powered with the X100 5G Accelerator card.
In December 2022, Global Chip Manufacturer Qualcomm Technologies introduced its WiFi-7 capable chipsets as a part of its new immersive home platform that supports high-speed connections.
Material Types Covered:
- Germanium
- Silicon
- Gallium Arsenide
- Gallium Nitride
Components Covered:
- Logic Devices
- Sensors
- Discrete Power Devices
- Memory Devices
Applications Covered:
- Networking & Communications
- Data Processing
- Industrial
- Consumer Electronics
- Automotive
- Power Generation
- Telecommunication
- Other Applications
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Semiconductors Market, By Material Type
- 5.1 Introduction
- 5.2 Germanium
- 5.3 Silicon
- 5.4 Gallium Arsenide
- 5.5 Gallium Nitride
6 Global Semiconductors Market, By Component
- 6.1 Introduction
- 6.2 Logic Devices
- 6.3 Sensors
- 6.4 Discrete Power Devices
- 6.5 Memory Devices
7 Global Semiconductors Market, By Application
- 7.1 Introduction
- 7.2 Networking & Communications
- 7.3 Data Processing
- 7.4 Industrial
- 7.5 Consumer Electronics
- 7.6 Automotive
- 7.7 Power Generation
- 7.8 Telecommunication
- 7.9 Other Applications
8 Global Semiconductors Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 Analog Devices, Inc
- 10.2 Broadcom Inc
- 10.3 Infineon Technologies
- 10.4 Intel Corporation
- 10.5 Kyocera Corporation
- 10.6 Marvell Technology Group
- 10.7 NXP Semiconductors
- 10.8 Powertech Technology Inc
- 10.9 Renesas Electronics Corporation
- 10.10 Screen Holdings Co. Ltd
- 10.11 Sony Semiconductor Solutions Corporation
- 10.12 United Microelectronics Corporation
List of Tables
- Table 1 Global Semiconductors Market Outlook, By Region (2022-2030) ($MN)
- Table 2 Global Semiconductors Market Outlook, By Material Type (2022-2030) ($MN)
- Table 3 Global Semiconductors Market Outlook, By Germanium (2022-2030) ($MN)
- Table 4 Global Semiconductors Market Outlook, By Silicon (2022-2030) ($MN)
- Table 5 Global Semiconductors Market Outlook, By Gallium Arsenide (2022-2030) ($MN)
- Table 6 Global Semiconductors Market Outlook, By Gallium Nitride (2022-2030) ($MN)
- Table 7 Global Semiconductors Market Outlook, By Component (2022-2030) ($MN)
- Table 8 Global Semiconductors Market Outlook, By Logic Devices (2022-2030) ($MN)
- Table 9 Global Semiconductors Market Outlook, By Sensors (2022-2030) ($MN)
- Table 10 Global Semiconductors Market Outlook, By Discrete Power Devices (2022-2030) ($MN)
- Table 11 Global Semiconductors Market Outlook, By Memory Devices (2022-2030) ($MN)
- Table 12 Global Semiconductors Market Outlook, By Application (2022-2030) ($MN)
- Table 13 Global Semiconductors Market Outlook, By Networking & Communications (2022-2030) ($MN)
- Table 14 Global Semiconductors Market Outlook, By Data Processing (2022-2030) ($MN)
- Table 15 Global Semiconductors Market Outlook, By Industrial (2022-2030) ($MN)
- Table 16 Global Semiconductors Market Outlook, By Consumer Electronics (2022-2030) ($MN)
- Table 17 Global Semiconductors Market Outlook, By Automotive (2022-2030) ($MN)
- Table 18 Global Semiconductors Market Outlook, By Power Generation (2022-2030) ($MN)
- Table 19 Global Semiconductors Market Outlook, By Telecommunication (2022-2030) ($MN)
- Table 20 Global Semiconductors Market Outlook, By Other Applications (2022-2030) ($MN)
- Table 21 North America Semiconductors Market Outlook, By Country (2022-2030) ($MN)
- Table 22 North America Semiconductors Market Outlook, By Material Type (2022-2030) ($MN)
- Table 23 North America Semiconductors Market Outlook, By Germanium (2022-2030) ($MN)
- Table 24 North America Semiconductors Market Outlook, By Silicon (2022-2030) ($MN)
- Table 25 North America Semiconductors Market Outlook, By Gallium Arsenide (2022-2030) ($MN)
- Table 26 North America Semiconductors Market Outlook, By Gallium Nitride (2022-2030) ($MN)
- Table 27 North America Semiconductors Market Outlook, By Component (2022-2030) ($MN)
- Table 28 North America Semiconductors Market Outlook, By Logic Devices (2022-2030) ($MN)
- Table 29 North America Semiconductors Market Outlook, By Sensors (2022-2030) ($MN)
- Table 30 North America Semiconductors Market Outlook, By Discrete Power Devices (2022-2030) ($MN)
- Table 31 North America Semiconductors Market Outlook, By Memory Devices (2022-2030) ($MN)
- Table 32 North America Semiconductors Market Outlook, By Application (2022-2030) ($MN)
- Table 33 North America Semiconductors Market Outlook, By Networking & Communications (2022-2030) ($MN)
- Table 34 North America Semiconductors Market Outlook, By Data Processing (2022-2030) ($MN)
- Table 35 North America Semiconductors Market Outlook, By Industrial (2022-2030) ($MN)
- Table 36 North America Semiconductors Market Outlook, By Consumer Electronics (2022-2030) ($MN)
- Table 37 North America Semiconductors Market Outlook, By Automotive (2022-2030) ($MN)
- Table 38 North America Semiconductors Market Outlook, By Power Generation (2022-2030) ($MN)
- Table 39 North America Semiconductors Market Outlook, By Telecommunication (2022-2030) ($MN)
- Table 40 North America Semiconductors Market Outlook, By Other Applications (2022-2030) ($MN)
- Table 41 Europe Semiconductors Market Outlook, By Country (2022-2030) ($MN)
- Table 42 Europe Semiconductors Market Outlook, By Material Type (2022-2030) ($MN)
- Table 43 Europe Semiconductors Market Outlook, By Germanium (2022-2030) ($MN)
- Table 44 Europe Semiconductors Market Outlook, By Silicon (2022-2030) ($MN)
- Table 45 Europe Semiconductors Market Outlook, By Gallium Arsenide (2022-2030) ($MN)
- Table 46 Europe Semiconductors Market Outlook, By Gallium Nitride (2022-2030) ($MN)
- Table 47 Europe Semiconductors Market Outlook, By Component (2022-2030) ($MN)
- Table 48 Europe Semiconductors Market Outlook, By Logic Devices (2022-2030) ($MN)
- Table 49 Europe Semiconductors Market Outlook, By Sensors (2022-2030) ($MN)
- Table 50 Europe Semiconductors Market Outlook, By Discrete Power Devices (2022-2030) ($MN)
- Table 51 Europe Semiconductors Market Outlook, By Memory Devices (2022-2030) ($MN)
- Table 52 Europe Semiconductors Market Outlook, By Application (2022-2030) ($MN)
- Table 53 Europe Semiconductors Market Outlook, By Networking & Communications (2022-2030) ($MN)
- Table 54 Europe Semiconductors Market Outlook, By Data Processing (2022-2030) ($MN)
- Table 55 Europe Semiconductors Market Outlook, By Industrial (2022-2030) ($MN)
- Table 56 Europe Semiconductors Market Outlook, By Consumer Electronics (2022-2030) ($MN)
- Table 57 Europe Semiconductors Market Outlook, By Automotive (2022-2030) ($MN)
- Table 58 Europe Semiconductors Market Outlook, By Power Generation (2022-2030) ($MN)
- Table 59 Europe Semiconductors Market Outlook, By Telecommunication (2022-2030) ($MN)
- Table 60 Europe Semiconductors Market Outlook, By Other Applications (2022-2030) ($MN)
- Table 61 Asia Pacific Semiconductors Market Outlook, By Country (2022-2030) ($MN)
- Table 62 Asia Pacific Semiconductors Market Outlook, By Material Type (2022-2030) ($MN)
- Table 63 Asia Pacific Semiconductors Market Outlook, By Germanium (2022-2030) ($MN)
- Table 64 Asia Pacific Semiconductors Market Outlook, By Silicon (2022-2030) ($MN)
- Table 65 Asia Pacific Semiconductors Market Outlook, By Gallium Arsenide (2022-2030) ($MN)
- Table 66 Asia Pacific Semiconductors Market Outlook, By Gallium Nitride (2022-2030) ($MN)
- Table 67 Asia Pacific Semiconductors Market Outlook, By Component (2022-2030) ($MN)
- Table 68 Asia Pacific Semiconductors Market Outlook, By Logic Devices (2022-2030) ($MN)
- Table 69 Asia Pacific Semiconductors Market Outlook, By Sensors (2022-2030) ($MN)
- Table 70 Asia Pacific Semiconductors Market Outlook, By Discrete Power Devices (2022-2030) ($MN)
- Table 71 Asia Pacific Semiconductors Market Outlook, By Memory Devices (2022-2030) ($MN)
- Table 72 Asia Pacific Semiconductors Market Outlook, By Application (2022-2030) ($MN)
- Table 73 Asia Pacific Semiconductors Market Outlook, By Networking & Communications (2022-2030) ($MN)
- Table 74 Asia Pacific Semiconductors Market Outlook, By Data Processing (2022-2030) ($MN)
- Table 75 Asia Pacific Semiconductors Market Outlook, By Industrial (2022-2030) ($MN)
- Table 76 Asia Pacific Semiconductors Market Outlook, By Consumer Electronics (2022-2030) ($MN)
- Table 77 Asia Pacific Semiconductors Market Outlook, By Automotive (2022-2030) ($MN)
- Table 78 Asia Pacific Semiconductors Market Outlook, By Power Generation (2022-2030) ($MN)
- Table 79 Asia Pacific Semiconductors Market Outlook, By Telecommunication (2022-2030) ($MN)
- Table 80 Asia Pacific Semiconductors Market Outlook, By Other Applications (2022-2030) ($MN)
- Table 81 South America Semiconductors Market Outlook, By Country (2022-2030) ($MN)
- Table 82 South America Semiconductors Market Outlook, By Material Type (2022-2030) ($MN)
- Table 83 South America Semiconductors Market Outlook, By Germanium (2022-2030) ($MN)
- Table 84 South America Semiconductors Market Outlook, By Silicon (2022-2030) ($MN)
- Table 85 South America Semiconductors Market Outlook, By Gallium Arsenide (2022-2030) ($MN)
- Table 86 South America Semiconductors Market Outlook, By Gallium Nitride (2022-2030) ($MN)
- Table 87 South America Semiconductors Market Outlook, By Component (2022-2030) ($MN)
- Table 88 South America Semiconductors Market Outlook, By Logic Devices (2022-2030) ($MN)
- Table 89 South America Semiconductors Market Outlook, By Sensors (2022-2030) ($MN)
- Table 90 South America Semiconductors Market Outlook, By Discrete Power Devices (2022-2030) ($MN)
- Table 91 South America Semiconductors Market Outlook, By Memory Devices (2022-2030) ($MN)
- Table 92 South America Semiconductors Market Outlook, By Application (2022-2030) ($MN)
- Table 93 South America Semiconductors Market Outlook, By Networking & Communications (2022-2030) ($MN)
- Table 94 South America Semiconductors Market Outlook, By Data Processing (2022-2030) ($MN)
- Table 95 South America Semiconductors Market Outlook, By Industrial (2022-2030) ($MN)
- Table 96 South America Semiconductors Market Outlook, By Consumer Electronics (2022-2030) ($MN)
- Table 97 South America Semiconductors Market Outlook, By Automotive (2022-2030) ($MN)
- Table 98 South America Semiconductors Market Outlook, By Power Generation (2022-2030) ($MN)
- Table 99 South America Semiconductors Market Outlook, By Telecommunication (2022-2030) ($MN)
- Table 100 South America Semiconductors Market Outlook, By Other Applications (2022-2030) ($MN)
- Table 101 Middle East & Africa Semiconductors Market Outlook, By Country (2022-2030) ($MN)
- Table 102 Middle East & Africa Semiconductors Market Outlook, By Material Type (2022-2030) ($MN)
- Table 103 Middle East & Africa Semiconductors Market Outlook, By Germanium (2022-2030) ($MN)
- Table 104 Middle East & Africa Semiconductors Market Outlook, By Silicon (2022-2030) ($MN)
- Table 105 Middle East & Africa Semiconductors Market Outlook, By Gallium Arsenide (2022-2030) ($MN)
- Table 106 Middle East & Africa Semiconductors Market Outlook, By Gallium Nitride (2022-2030) ($MN)
- Table 107 Middle East & Africa Semiconductors Market Outlook, By Component (2022-2030) ($MN)
- Table 108 Middle East & Africa Semiconductors Market Outlook, By Logic Devices (2022-2030) ($MN)
- Table 109 Middle East & Africa Semiconductors Market Outlook, By Sensors (2022-2030) ($MN)
- Table 110 Middle East & Africa Semiconductors Market Outlook, By Discrete Power Devices (2022-2030) ($MN)
- Table 111 Middle East & Africa Semiconductors Market Outlook, By Memory Devices (2022-2030) ($MN)
- Table 112 Middle East & Africa Semiconductors Market Outlook, By Application (2022-2030) ($MN)
- Table 113 Middle East & Africa Semiconductors Market Outlook, By Networking & Communications (2022-2030) ($MN)
- Table 114 Middle East & Africa Semiconductors Market Outlook, By Data Processing (2022-2030) ($MN)
- Table 115 Middle East & Africa Semiconductors Market Outlook, By Industrial (2022-2030) ($MN)
- Table 116 Middle East & Africa Semiconductors Market Outlook, By Consumer Electronics (2022-2030) ($MN)
- Table 117 Middle East & Africa Semiconductors Market Outlook, By Automotive (2022-2030) ($MN)
- Table 118 Middle East & Africa Semiconductors Market Outlook, By Power Generation (2022-2030) ($MN)
- Table 119 Middle East & Africa Semiconductors Market Outlook, By Telecommunication (2022-2030) ($MN)
- Table 120 Middle East & Africa Semiconductors Market Outlook, By Other Applications (2022-2030) ($MN)
