According to the recent study the semiconductor market is projected to reach an estimated $885 billion by 2030 at a CAGR of 5.6% from 2024 to 2030. Growth in this market is primarily driven by increasing price of semiconductor due to supply shortage, growth in wireless communication, increasing demand for advanced safety features in automotive, and growth in internet connected devices.
Browse 98 figures/charts
and 60 tables in this 219-page report to understand trends, opportunities and
forecast in semiconductor market by device (integrated circuit, discrete semiconductor,
optoelectronics, and sensor), application (communication, consumer electronics,
automotive electronics, pc/computer, industrial and others), by technology
(artificial intelligence and others), and by region (North America, Europe,
Asia Pacific, and the Rest of the World).
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.
Communication will remain the largest end use
due to an increasing demand for wireless communication technology. The
automotive segment is expected to witness the highest growth over forecast
period due market recovery from COVID-19 and increasing electronics content in
automotive.
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semiconductor market
APAC will remain the
largest region 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. North
America is expected to witness the highest growth over the forecast period due
to growth in the automotive electronics and industrial electronics market.
Samsung Electronics, Intel,
SK Hynix, Qualcomm, Broadcom, Texas Instruments, NXP Semiconductor, Micron
Technology, Nvidia, and STMicroelectronics are the major supplier in the
semiconductor providers.
This unique 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 write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972 636 5056
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