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 t...