According to the report published by IndustryARC titled “
Semiconductor Market : By Material Type (Silicon, Germanium, Gallium Arsenide, Silicon Carbide, Others); By Type (Intrinsic Semiconductor, Extrinsic Semiconductor); By Components (Analog IC, Sensors, Memory Devices, Others); By Process (Water Production, Wafer Fabrication, Doping, Masking, Etching, Others); By End User Industry (Networking &Telecommunication, Energy, Automotive, Computing, Consumer Electronics, Sports & Fitness, Others) & By Geography – Forecast (2019–2025)
,” the Semiconductors market is forecast to reach $918 billion by 2025. Rising demand for IoT connections in cellular and non-cellular applications is the major reason for the growth of the Semiconductor market.
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The Semiconductors market is all set to exhibit robust growth owing to the evolving applications in various sectors such as networking & telecommunication, energy, automotive, computing, consumer electronics, sports & fitness, mobile devices and accessories, healthcare, and so on. However, peculiar demands from the end-users and the technical concern regarding the continuous change in the functionality of semiconductor chips have restricted the growth of the global Semiconductors market to a certain extent.
APAC dominated the semiconductors market in 2018 with a market share of 70% owing to the increased demand for mobile devices and it is expected to be the fastest growing region for the Semiconductor market during the forecast period. Automotive sector exhibits highest market share in the semiconductor market CAGR of 10.73% among all the applications during the forecast period due to the increase in vehicle automation that implements Automatic braking system (ABS), Infotainment and safety systems such as blind spot detection, adaptive cruise control, and so on, need semiconductors as the key component. Consumer Electronics industry also holds a major market share due to the continuous product development.
The growing demand for wearable technologies such as hearing aids, fitness trackers, medicinal monitors for remote patient monitoring in healthcare and medical industries have provided a growth opportunity for semiconductors market. The digitization and implementation of IoT technology have increased demand for data storage chips which has led to the growth of semiconductors market. The continuous developments in Artificial Intelligence (AI) and Machine Learning have showcased a dire need for high performance chips in the manufacturing industries and hence is one of the driving factor for semiconductors market.
The major players in this market include
Semiconductors manufacturers have utilized mergers and acquisitions as well as product launches as a strategy and enhance core competencies through additions to product portfolio as well as leveraging capabilities of acquired companies to gain a foothold in the emerging markets.
The end-user industries covered in the Semiconductor Market report include:
- Networking & Communication
- Consumer Electronics
- Sports & Fitness
- Mobile Accessories
The overall market is also presented from the perspective of different geographic regions and the key countries for this industry. Competitive landscape for each of the product types is highlighted and market players are profiled.
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