Semiconductor and related devices market is anticipated to grow at a CAGR of 7.0% during the forecast period. The primary factor boosting the market growth includes the increasing number of electronic devices such as smartphones, tablets, laptops, and the development of new technologies such as 5G wireless networks, AI, and IoT. In addition to this, the use of semiconductors and related devices in the automobile industry has increased significantly with features such as advanced driver assistance systems, infotainment systems, and many others. For example, the total number of smartphone devices across the globe reached 6 billion in 2020, i.e., eight people out of 10 own a smartphone in 2020, eventually driving the revenues of semiconductor manufacturing companies. Therefore, the increasing use of smartphones is expected to drive the semiconductors and related devices market. For instance in November 2022, the US federal will invest in semiconductor design and R&D approximately $20 billion to $30 billion through 2030—including $15 billion to $20 billion for an investment tax credit for semiconductor design and this will help maintain long-term US chip design leadership.
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The global semiconductor and related devices market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The demand for vehicles in North American region is growing significantly. Semiconductor chips are an important part of modern vehicles, as these chips can perform various functions such as managing emissions, providing vehicle safety, store vehicle data and others. Hence the demand of semiconductor and related devices is expected to grow during the forecast period.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Semiconductor and Related Devices Market by Type
- Intrinsic Semiconductor
- Extrinsic Semiconductor
Global Semiconductor Devices Market by Product Type
- Integrated Circuits
- Memory Chips
- Microprocessors
- Other Product Types
Global Semiconductor Devices Market by End-User
- Information Technology
- Aerospace & Defense
- Consumer Electronics
- Automotive
- Healthcare
- Other End-Users
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Advanced Micro Devices
- AU Optronics Corp.
- Broadcom, Inc.
- Freescale Semiconductor
- Fujitsu Microelectronics
- Intel
- Marvell Technology Group Ltd.
- MediaTek
- Micron
- Nvidia
- NXP Semiconductors N.V.
- Qualcomm
- Samsung Semiconductor
- SK Hynix
- SolarEdge Technologies, Inc.
- Sony
- STMicroelectronics N.V
- Taiwan Semiconductor Manufacturing Company Limited
- Texas Instruments
- Toshiba
- Transcend Information
- Western Digital
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global semiconductor and related devices market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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