Growth of Semiconductor Market Attributed to Thriving Automotive Industry
Existence of semiconductors is visible everywhere, starting from smartphones to satellites, a combination of physics, chemistry, and electrical engineering. Worldwide electronic devices are equipped with these semiconductors, which are defining the new cutting-edge technologies. A recently published business intelligence report of IndustryARC states that the global semiconductor market size stood at $426.4 billion in the year 2018. Additionally, opportunities are set to grow with a Compound Annual Growth Rate (CAGR) of 6.50% over the forecast period of 2019-2025.
The report is titled “
Semiconductor Market: By Type (Intrinsic Semiconductor, Extrinsic
Semiconductor); By Components ( Seals, Filters, Mass flow Controllers, Valves,
Others); By Instrument (Collection, Monitoring, Data Measurement, Others); By
Subsystem (Robotics, Vacuum, Power Conversion, Others)); By Process (Water
Production, Wafer Fabrication, Doping, Masking, Etching, Others); By
Application (Networking &Telecommunication, Energy, Automotive, Computing,
Consumer Electronics, Sports & Fitness, Others)& Geographic Analysis -
Forecast (2019-2025).” It gives an in-depth assessment of the competitive
landscape, semiconductor market trends, drivers, and opportunities; and
strategic analysis of the global semiconductor market.
Semiconductor Market: Leading Segments
China is the largest consumer of semiconductors, along with this numerous Chinese companies are manufacturing specialized semiconductors for artificial intelligence (AI) and chip architectures to leverage the growth of the mobile smartphone industry. China is the leading importer of parts of diodes, transistors, and similar semiconductor devices. Photosensitive semiconductor was valued $3,490,829 thousand in 2018 and occupied a share of 38.4% in world imports. For this, APAC was identified as the dominating region with a regional share of 42.40% in the global semiconductor market.
Silicon, germanium, gallium arsenide, silicon carbide, gallium nitride and gallium phosphide are the diverse material types, which are highly used in the semiconductors. Connected cars and electric vehicles are playing a crucial role in the automotive industry in which improved battery performance and connectivity options are processed using a wide variety of sensors and semiconductors. Thus, more traffic is driven towards the semiconductor industry because of the rapid progression in the automotive industry. Therefore, automotive was identified as the fastest growing application segment, growing at a CAGR of 5.88% during the aforesaid forecast period.
Semiconductor Market: Disruptive Trends
o Integrated Chips (ICs) manufacturers influence the drive changing technologies. These technologies are boosting the growth of semiconductors by reshaping the business operations and strategies.
o AI, autonomous vehicles, Internet of things, and virtual reality are the robust developments in the technology of the digital era, which are augmenting the growth of analog ICs and sensors.
o Amplified consumption of semiconductors in the electronic components that are used in the map reading of automobiles, safety, and infotainment attributes the growth of the semiconductor industry.
o Prevalent use of semiconductors in electronic devices which include LED TVs, flat-screen monitors, smartphones, and in civil aerospace and military systems. In addition to this, it is also thriving in biometrics.
Semiconductor Market: Competitive Landscape
Intel, Qualcomm, SK Hynix, Samsung, Micron, Broadcom, Toshiba, Mediatek, STMicroelectronics, TI, NXP, Infineon, Sony, Western Digital, Renesas, Apple, Analog Devices, and AMD are the prosperous players who are leading in the global semiconductor market with their semiconductor market share
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What can you expect from the report?
The semiconductor market is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
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