According to a new market report published by
Lucintel, the future of the global semiconductor market looks attractive with
opportunities in the communication, consumer electronics, automotive, and industrial
sectors. The global semiconductor market is expected to reach $573 billion by
2024 with a CAGR of 4.1% from 2019 to 2024. The major drivers for this market
are growth in wireless communication, increasing demand for advanced safety
features in automotive, and growth in internet connected devices.
In this market,
various semiconductor devices, such as integrated circuits (memory, logic, micro,
and analog), discrete, optoelectronic, and sensors are used in various end use
industries. Lucintel forecasts that integrated
circuit will remain the largest segment due to increasing demand for memory ICs
in smartphones, tablet PCs, and other personal media devices. Sensor is
expected to witness the highest growth over the
forecast period due to the increasing demand for advanced driver assistance
system in automotive and growing consumer preference for IoT-enabled devices.
Within the semiconductor
market, communication will remain the largest application due to an increasing
demand for wireless communication technology. The industrial segment is
expected to witness the highest growth over forecast period due to increasing
demand for industrial robots and digitalization of manufacturing base.
APAC will remain the largest region and it is
also expected to witness the highest growth over the forecast period due to a growing
adoption of IoT (internet of things), increasing electronic content per
vehicles, and growing industrial automation in countries
such as China, Taiwan, and India.
Emerging trends, which have a direct impact on
the dynamics of the industry, include development of artificial intelligence based
semiconductors and increasing demand for semiconductor in autonomous driving technology.
Samsung Electronics, Intel, SK Hynix, Qualcomm, Broadcom, Micron, Texas
Instrument, Microchip, Stmicroelectronics, and NXP Semiconductors are some of the
major semiconductor manufacturers.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed the global semiconductor market by device, technology, application,
and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Semiconductor
Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a
catalyst for growth strategy as it provides a comprehensive data and analysis
on trends, key drivers, and directions. The study includes a forecast for the
global semiconductor market by device, technology, application, and region as
follows:
By Device [Billion Units and $B shipment analysis from 2013 to 2024]:
·
Integrated Circuit
o
Memory
o
Logic
o
Micro
o
Analog
·
Discrete
·
Optoelectronics
·
Sensors
By End
Use [Billion Units and $B shipment
analysis from 2013 to 2024]:
·
Communication
o
Wired
o
Wireless
·
Consumer Electronics
·
Automotive Electronics
·
PC/Computer
·
Industrial and Others
By Application [Billion Units and $B shipment
analysis from 2013 to 2024]:
·
Artificial Intelligence
·
Others
By Region [Billion Units
and $B shipment analysis for 2013 to 2024]:
·
North America
- United States
- Canada
- Mexico
·
Europe
- Germany
- France
- United Kingdom
·
Asia Pacific
- China
- Taiwan
- South Korea
- Japan
- India
·
The Rest of the World
This
200-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Telecommunication
Report, Telecommunication
Market Report, Opportunity
Screening and Analysis, Capital
Investment Feasibility and SWOT Matrix.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates winning
strategies for growth. It offers market assessments, competitive analysis,
opportunity analysis, growth consulting, M&A, and due diligence services to
executives and key decision-makers in a variety of industries. For further
information, visit www.lucintel.com.
This
report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for
the global semiconductor market by product (integrated circuit, discrete
semiconductor, optoelectronics, and sensor), application (communication,
consumer electronics, automotive electronics, pc/computer, industrial and
others), by technology (artificial intelligence and non- artificial intelligence),
and
by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.
2 Which segments will grow at a faster pace and why?
Q.3
Which regions will grow at a faster pace and why?
Q.4
What are the key factors affecting market dynamics? What are the drivers and
challenges of the market?
Q.5
What are the business risks and threats to the market?
Q.6
What are the emerging trends in this market and reasons behind them?
Q.7
What are some changing demands of customers in the market?
Q.8
What are the new developments in the market? Which companies are leading these
developments?
Q.9
Who are the major players in this market? What strategic initiatives are being
implemented by key players for business growth?
Q.10
What are some of the competitive products and processes in this area and how
big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity
has occurred in the last 5 years?
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