The latest report by IMARC Group, titled “Semiconductor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″. The global semiconductor market size reached US$ 604.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 941.2 Billion by 2028, exhibiting a growth rate (CAGR) of 7.5% during 2023-2028.
A semiconductor is a material with electrical conductivity between a conductor and an insulator. It is the foundation for modern electronics and computing technology. Semiconductors are commonly made from silicon; other materials like gallium arsenide are also used. They are essential in fabricating devices like transistors, diodes, and integrated circuits. These devices are the building blocks for various electronic products, including smartphones, computers, and medical equipment. The unique property of semiconductors is their ability to conduct more electricity when energy, like heat or light, is applied. This characteristic enables the precise control of electrical current. As a result, semiconductors are gaining immense traction as a crucial component in electronic innovation and advancements across the globe.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/semiconductor-market/requestsample
Semiconductor Market Trends and Drivers:
The global semiconductor market is primarily driven by the rising demand for consumer electronics like smartphones, laptops, and smart home devices, all of which rely on semiconductors for functionality. Along with this, the growing adoption of advanced electronics by the automotive for features such as autonomous driving and electric powertrains has accelerated the use of semiconductors. Moreover, data centers driven by a rise in cloud computing and big data analytics that require high-performance semiconductors to manage complex tasks efficiently has catalyzed market growth. Furthermore, advancements in technologies like 5G communication, Artificial Intelligence (AI), and the Internet of Things (IoT) that necessitate semiconductor components that can handle increased speed and lower energy consumption is contributing to market growth.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Components:
- Memory Devices
- Logic Devices
- Analog IC
- MPU
- Discrete Power Devices
- MCU
- Sensors
- Others
Breakup by Material Used:
- Silicon Carbide
- Gallium Manganese Arsenide
- Copper Indium Gallium Selenide
- Molybdenum Disulfide
- Others
Breakup by End User:
- Automotive
- Industrial
- Data Centre
- Telecommunication
- Consumer Electronics
- Aerospace and Defense
- Healthcare
- Others
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Competitors Landscape with Key Players:
- Broadcom Inc.
- Infineon Technologies AG
- Intel Corporation
- Micron Technology Inc.
- NXP Semiconductors N.V.
- Renesas Electronics Corporation
- Samsung Electronics Co. Ltd.
- SK hynix Inc.
- STMicroelectronics N.V.
- Taiwan Semiconductor Manufacturing Company Limited
- Texas Instruments Incorporated
- Toshiba Electronic Devices & Storage Corporation (Toshiba Corporation)
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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