Semiconductor Market: Analysis and Forecast 2022-2027
Regional Category Spend, Primary Demand, Price Analysis and Indicators, and Best Buying Practices of the Semiconductor Market
The global semiconductor industry was valued to be worth USD 433 Billion in 2021. In the projection period of 2022-2027, the industry is expected to grow at a CAGR of around 11.7 percent, achieving a value of around 943 billion by 2027.
The semiconductor industry report broadly studies the industry, together with important segments, movements, drivers, constraints, the competitive landscape, and other critical market features. The chip’s extensive application in a variety of electrical devices is essentially propelling the market forward. The Asia Pacific is the biggest category spender by region which is impelling the demand for the semiconductor industry.
Semiconductor: Industry Definition and Segmentation
A semiconductor material’s electrical conductivity lies somewhere between a conductor, such as metallic copper, and an insulator, like glass. Diodes, transistors, and integrated circuits, among other electronic devices, are made from semiconductors. Because of their compactness, consistency, power efficiency, and low cost, such devices are widely used.
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The semiconductor industry report comprises segments:
- By component type: ICs, Optoelectronics, Discrete Semiconductor, sensors
- By end-use: Automotive, Industrial, Data centre, Telecommunication, Consumer, Electronics, Aerospace and Defense, Healthcare
- By region: North America, Europe, Asia Pacific, the Middle East, Africa, and South America
Snapshot of the Report
The regional markets for the industry can be divided into North America, Europe, Asia Pacific, the Middle East and Africa, and South America.
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The industry is being propelled by technological advancements in the product. Self-driving automobiles, advanced driver assistance systems (ADAS), and graphics processing units (GPUs) are propelling the sector forward. In addition, the product’s integration with the Internet of Things (IoT) is driving up demand. Furthermore, the number of 5G-enabled devices has expanded because of the advent of 5G technology, enabling the deployment of multiple foundry nodes.
Furthermore, the launch of 5G will boost wireless data connection capacity, latency, and device density significantly. In addition, as advanced systems such as collision warning systems, smart cameras, and autonomous brake systems become more integrated, demand for semiconductor ICs will increase, assisting the semiconductor market’s growth.
Category Insight by Region
The Asia Pacific region is the industry’s largest market. The semiconductor industry in the region is expanding because of the region’s considerable smartphone market, as well as increased investments in renewable energy, automotive (EVs in particular), and other sectors. Furthermore, due to growing electronic equipment output across the area, China has a significant share. In addition, semiconductors are Korea’s main export.
The wide range of electronics that use the chip is driving the market. It’s used in cutting-edge modern electronics such as smartphones, tablets, flat-screen displays, and television sets, as well as high-tech cars, new planes, and a variety of medical devices. Laptops, earbuds, wearables, smartphones, and other products are all expanding in popularity, which is fueling the industry’s growth. Furthermore, the demand for sophisticated semiconductor technologies is being driven by the rapid progress of consumer electronics technology and size.
Best Procurement Practices
The global Semiconductor industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Semiconductor regions, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others
Category Management Studies
Silicon is the most widely used semiconductor material. Electrons are negatively charged, whereas protons are positively charged. Neutrons are uncharged particles. Because electrons with a negative charge are in an imbalanced condition, semiconductors work.
Due to this electron imbalance, positive (where there are extra protons) and negative (where there are surplus electrons), charges are formed at two ends of the semiconductor material’s surface. This is how a semiconductor works.
Key Supplier Profiles included in the semiconductor Industry Report
The key market players are Intel, Samsung, Texas Instruments, TSMC, SK Hynix, and Infineon.
The report covers capacity additions, plant shutdowns, investments/divestments, mergers and acquisitions, and other latest developments of the suppliernutms.
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