Global Semiconductor Market Insights, Size and Growth Forecast To 2027

 

“Global Semiconductor market estimated to drive by the growing demand for semiconductor in network & communication and automotive industry” 

The global semiconductor market was valued at USD 487.3 Billion in 2018 and projected to reach USD 624.36 Billion in 2027, registering a CAGR of 3.49% from 2020-2027. It is owing to the surge in demand for electronic devices in countries such as China, India, Taiwan, and South Korea and the huge demand for electric vehicles and autonomous vehicles in developing countries. With increasing sales of smartphones and tablets as key factors expected to propel the growth of the global semiconductor market size in the forecast timeline. 

Additionally, major factors for the upsurge in demand for semiconductor content in cars, such as the growing use of electronic systems in conventional cars like improved safety systems and consumer electronics, particularly in the high-end segments, and the emergence of new technologies within the drivetrain, namely electric and hybrid cars. These vital factors anticipated boosting the global semiconductor in future periods. Moreover, the growth in the energy sector, such as the smart grid concept and smart metering, will augment the demand for semiconductors in the energy sector.

Furthermore, the commercialization of artificial intelligence, adoption of the Internet of Things, and 5G in developed countries like China and South Korea will boom the growth of the global semiconductor market share in the next few years.

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”


Global Semiconductor Market: Competitive Landscape

Key players companies in the Global Semiconductor Market
  • Qualcomm
  • Samsung Electronics
  • Toshiba Corporation
  • Micron Technology
  • Intel Corporation
  • Texas Instruments
  • SK Hynix Inc.
  • NXP
  • MediaTek
  • Western Digital
  • STMicroelectronics
  • Infineon
  • Sony
  • Analog Devices
  • Other Prominent Players
Material Type Overview in the Global Semiconductor Market
Based on material type, the global semiconductor market classified into Silicon, Germanium, Gallium Arsenide, Silicon Carbide, Gallium Nitride, Gallium Phosphide, and Others. The Silicon segment witnessed a higher revenue share in 2019 and likely to lead the semiconductor market by 2027. It is owing to it used for the production of ICs and electronic components. Additionally, it possesses a moderate energy bandgap of 1.12eV at 0 K, and it can conduct electricity under some conditions and acts as an insulator.

Components Overview in the Global Semiconductor market
Based on components, the global semiconductor market segregated into Analog IC, Sensors, Memory Devices, Lighting Devices, Discrete Power Devices, and Others. The sensors segment will be the fastest-growing segment during the forecast periods attributable to the sensors is demand in the automotive and communication & network industry. It is used in ADAS, powertrain, safety, EV/HEV, instrument cluster, and infotainment.

Process Overview in the Global Semiconductor Market
Based on the process, the global semiconductor market classified into Water Production, Wafer Fabrication, Doping, Masking, Etching, and Thermal Oxidation. The Wafer Fabrication segment exhibited a significant share in 2019. It is projected to lead the semiconductor market as it is used for the production of IC, electronic circuits with components such as transistors, CPU, LEDs, etc.

End-User Industry Overview in the Global Semiconductor Market
Based on the end-user industry, the global semiconductor market categorized into networking & communication, energy, automotive, computing, consumer electronics, sports & fitness, mobile accessories, gaming, healthcare, and others. The automotive segment will be the fastest-growing segment in the forecast period. It is attributable to semiconductors used as devices in cars, such as MCUs, sensors, memory, etc. Additionally, technological advancements such as AI, electric vehicles (EVs), autonomous driving, energy storage, and cybersecurity are influencing the semiconductor industry in the future periods.

Regional Overview in the Global Semiconductor Market
By geography, the Global semiconductor Market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific will be the fastest-growing segment in the forecast period 2020-2027 owing to supportive government policy, rise in demand for semiconductors from every industry as a result of automation and error-free productivity. 

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