DUBLIN, Dec. 5, 2024 (Globe Newswire) — The “Semiconductor Market Global Forecast Report 2025-2033 by Device Type, Application, Country and Company Analysis” report has been added to ResearchAndMarkets.com’s offering.
The semiconductor market is projected to grow at a compound annual growth rate of 8.85% from 2025 to 2033. The total amount is estimated to be USD 1.51 trillion in 2033, up from USD 706.86 billion in 2024. The main growth driver is energy efficient devices. Demand in the automotive industry, the proliferation of wireless and portable electronics, and increased usage of semiconductors, primarily due to the introduction of electrification.
Overview of the global semiconductor industry
A semiconductor is a material that conducts electricity between a conductor and an insulator. This type of material is usually made of silicone. The backbone of modern electronic semiconductors is designed using doping, which has the ability to amplify the flow of electricity. In other words, it controls the current. This property allows semiconductors to act as switches, amplifiers, and signal processors.
Semiconductors are important for several applications such as data processing and controlling electronic circuits in smartphones, computers, televisions, etc. In the case of automobiles, electric vehicles are heavily connected to semiconductors to control the network systems, power, and energy storage within the vehicle. The increasing demand for semiconductors, which are also applied in renewable energy, medical devices, industrial automation, and telecommunications systems, will lead to further innovations as artificial intelligence, 5G networks, and the Internet of Things evolve.
Semiconductor market growth drivers
home appliances
Growth in consumer electronics stimulates the semiconductor market. The increasing use of smartphones, laptops, wearables, and home entertainment devices requires high-performance, low-power, and connected semiconductors, making them key drivers for semiconductor companies. The growing demand for innovative, fast, and energy-efficient devices is driving the need for manufacturers to innovate. Further driving demand for semiconductors in mobile devices and consumer electronics is the growth of 5G networks, which provide faster access.
Growth of electric vehicles
The automotive industry, particularly the electrification of electric vehicles (EVs), uses a vast array of semiconductors for power management, battery control functions, in-vehicle networking, autonomous driving systems, and more. As the pace of globalization towards sustainable transportation increases, the use of semiconductors in electric vehicles is greater than ever.
Due to increased adoption of EVs, government incentives, and tightening environmental regulations, auto companies are increasingly incorporating semiconductors into vehicle designs. This will be a strong growth promoter for the semiconductor market, mainly in the area of automotive electronics.
Improving 5G technology
The deployment of 5G networks around the world is having a significant impact on the semiconductor market. We also need advanced semiconductors, chips that process data faster, send stronger signals, and increase network capacity. Of course, such silicon is essential for powering the infrastructure itself. Consider how all these base stations, routers, and connected devices will be needed to deliver the faster, more reliable communications promised by 5G. In addition to the demands of IoT, 5G also reflects additional demands for specialized semiconductor components such as low latency and high-speed connectivity.
Canadian semiconductor market
Canada’s semiconductor market is steadily growing due to increasing demand from consumer electronics, automotive, communications, and industrial automation. This may be because of their focus on innovation and the growth of the digital economy. Semiconductors are being driven by needs such as 5G, electric vehicles, and renewable energy, among others. In addition, Canada’s thriving technology ecosystem and research institutes, as well as a growing number of start-up companies, are driving innovation in semiconductor technology. Its growth will be sustained by government investment and investment from global companies in the semiconductor market.
German semiconductor market
The German semiconductor market is one of the largest in Europe. This can be attributed to Germany’s strong industrial base and leadership position in the automotive, manufacturing and technology sectors. Several major German-based automotive companies are seeing increased demand for semiconductors for electric vehicles, advanced driver assistance systems, and automotive electronics.
The country’s focus on Industry 4.0 and automation technologies further increases the need for semiconductor solutions in manufacturing. The demand for semiconductors in communication networks and connected devices can also be cited in conjunction with Germany’s drive for digital transformation with the advent of 5G. The German semiconductor market is expected to grow further due to a healthy innovation ecosystem and high demand across multiple industries.
Indian semiconductor market
The Indian semiconductor market is growing rapidly due to widespread demand for consumer electronics, automotive applications, and industrial automation. Increasing smartphone penetration, adoption of the Internet of Things, and growth of the middle class will drive the growth of India’s digital economy, which is critical to semiconductor demand. The use of semiconductors in automobiles and energy will be further accelerated by the growth of electric vehicles and new infrastructure projects. The market is expected to further strengthen in the coming years with further enhancement of opportunities through investments in the semiconductor manufacturing sector and support from the Government of India’s local manufacturing promotion initiatives under the ‘Atmanirbhar Bharat’ initiative. The Indian semiconductor market has a high consumer base and evolving technological advantages. Therefore, it will become popular in the next few years.
UAE semiconductor market
The growth of the UAE’s semiconductor market continues at a steady pace due to its ambition to become a fully digital regional hub in the digitalization of government services. Telecommunications and automotive industry sectors, along with smart cities, provide scope for demand for semiconductors.
Therefore, all the initiatives by the country, such as the Dubai Smart City project and investments in 5G infrastructure, have significantly increased the need for advanced semiconductor components needed for communication networks and the number of connected devices. Electric vehicles and automation technologies in the region will further drive semiconductor adoption. As high-tech industries and digital infrastructure are further invested by the UAE, the semiconductor market will grow to a huge level.
Analysis of semiconductor companies
Some of the major companies involved in the semiconductor market are Broadcom Inc., Infineon Technologies AG, Intel Corporation, Micron Technology Inc., NXP Semiconductors NV, Samsung Electronics Co. Ltd., and Toshiba Corporation.
company analysis
Broadcom Inc.Infineon Technologies AGIntel CorporationMicron Technology Inc.NXP Semiconductors NVSamsung Electronics Co. Ltd.Toshiba Corporation Sharp Services, LLCPI Pharma Services
Key attributes:
Report attribute details No. Number of pages 110 Forecast period 2024 to 2033 Estimated market value in 2024 (USD) 0.71 trillion dollars Forecast market value by 2033 (USD) 1.51 trillion dollars Average annual growth rate 8.8% Target region World
Main topics covered:
1. Introduction
2. Research and methodology
3. Summary
4. Market trends
4.1 Drivers of growth
4.2 Challenges
5. Global semiconductor market
6. Market share analysis
6.1 Device types
6.2 Application
6.3 Country
7. Device type
7.1 Integrated Circuits (ICs):
7.2 Memory
7.3 Logic
7.4 Micro
7.5 Analog
7.6 Optoelectronics
7.7 Discrete
7.8 Sensor
8. Application
8.1 Automobiles
8.2 Industrial
8.3 Data Center
8.4 Telecommunications
8.5 Household appliances
8.6 Aerospace and Defense
8.7 Healthcare
8.8 Others
9.Country
9.1 North America
9.1.1 United States
9.1.2 Canada
9.2 Europe
9.2.1 France
9.2.2 Germany
9.2.3 Italy
9.2.4 Spain
9.2.5 United Kingdom
9.2.6 Belgium
9.2.7 Netherlands
9.2.8 Türkiye
9.3 Asia Pacific Region
9.3.1 China
9.3.2 Japan
9.3.3 India
9.3.4 Australia
9.3.5 South Korea
9.3.6 Thailand
9.3.7 Malaysia
9.3.8 Indonesia
9.3.9 New Zealand
9.4 Latin America
9.4.1 Brazil
9.4.2 Mexico
9.4.3 Argentina
9.5 Middle East and Africa
9.5.1 South Africa
9.5.2 Saudi Arabia
9.5.3 United Arab Emirates
10. Porter’s Five Analysis
10.1 Bargaining power of buyers
10.2 Bargaining power of suppliers
10.3 Extent of rivalry
10.4 Threat of new entrants
10.5 Threat of substitutes
11.SWOT analysis
11.1 Strength
11.2 Weaknesses
11.3 Opportunities
11.4 Threats
12. Company analysis
12.1 Overview
12.2 Main characters
12.3 Recent developments and strategies
12.4 Product Portfolio
12.5 Financial Insights
For more information about this report, please visit https://www.researchandmarkets.com/r/my5oyu.
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