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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Among the product type, memory chips are anticipated to register significant growth for the forecast period. the increasing demand for high-performance memory chips in various industries including consumer electronics and automotive. Companies in the memory chip market are developing chips with major technological changes that contribute to the growth of demand for memory chips. Researchers are creating memory chips that can store and process the data, reducing the time and energy required to transfer data and increasing the speed of processors. For instance, Samsung Electronics announced the mass production of fifth-generation V-NAND memory chips that transfer data faster and additionally have the fastest data write speed at 500 microseconds (µs). This write speed is a 30% improvement over the previous generation, and the read-time has significantly reduced to 50µs. Technological advances reducing the data transfer time and energy contribute to the growth of the market.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- 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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