According to a new market report published by Lucintel, the future of the global
semiconductor market looks attractive with opportunities in the communication, consumer electronics, automotive, and industrial sectors. The semiconductor market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $501.8 billion by 2025 with a CAGR of 2% to 4% from 2020 to 2025. The major drivers for this market are growth in wireless communication, increasing demand for advanced safety features in automotive, and growth in internet connected devices.
In this market, various semiconductor devices, such as integrated circuits (memory, logic, micro, and analog), discrete, optoelectronic, and sensors are used in various end use industries. Lucintel forecasts that integrated circuit will remain the largest segment due to increasing demand for memory ICs in smartphones, tablet PCs, and other personal media devices. Sensor is expected to witness the highest growth over the forecast period due to the increasing demand for advanced driver assistance system in automotive and growing consumer preference for IoT-enabled devices.
Within the semiconductor market, communication will remain the largest application due to an increasing demand for wireless communication technology. The industrial segment is expected to witness the highest growth over forecast period due to increasing demand for industrial robots and digitalization of manufacturing base.
APAC will remain the largest region and it is also expected to witness the highest growth over the forecast period due to a growing adoption of IoT (internet of things), increasing electronic content per vehicles, and growing industrial automation in countries such as China, Taiwan, and India.
Emerging trends, which have a direct impact on the dynamics of the industry, include development of artificial intelligence based semiconductors and increasing demand for semiconductor in autonomous driving technology. Samsung Electronics, Intel, SK Hynix, Qualcomm, Broadcom, Micron, Texas Instrument, Microchip, Stmicroelectronics, and NXP Semiconductors are some of the major semiconductor manufacturers.
Lucintel, a leading global strategic consulting and
market research firm, has analyzed the global semiconductor market by device, technology, application, and region and has come up with a comprehensive research report entitled “
Growth Opportunities in the Global Semiconductor Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global semiconductor market by device, technology, application, and region as follows:
By Device [Billion Units and $B shipment analysis from 2014 to 2025]:
Integrated Circuit
Memory
Logic
Micro
Analog
Discrete
Optoelectronics
Sensors
By End Use [Billion Units and $B shipment analysis from 2014 to 2025]:
Communication
Wired
Wireless
Consumer Electronics
Automotive Electronics
PC/Computer
Industrial and Others
By Application [Billion Units and $B shipment analysis from 2014 to 2025]:
Artificial Intelligence
Others
By Region [Billion Units and $B shipment analysis for 2014 to 2025]:
North America
United States
Canada
Mexico
Europe
Germany
France
United Kingdom
Asia Pacific
China
Taiwan
South Korea
Japan
India
The Rest of the World
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