Global Semiconductors Market Top Players and Segment

 

The global semiconductors market was valued at USD 555.95 Billion in 2021, and it is expected to reach a value of USD 1,042.69 Billion by 2028, at a CAGR of 9% over the forecast period (2022 - 2028).

Semiconductors are substances that act as an intermediate for electric connectivity between a conductor and an insulator. With the world growing more and more technology-driven and technology getting deeply integrated with our lives, the demand for semiconductors has shot up over the last decade and is expected to only grow over time as the applications of technology continue to grow. Therefore, driving the demand for global semiconductors market.

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Global Semiconductors Market Segmental Analysis

The global semiconductors market is segmented based on Components, Applications and Region. Based on the Components, the semiconductors industry is segmented into Memory Devices, Logic Devices, Analog IC, MPU, Discrete Power Devices, MCU, Sensors and Others. Based on the Application Channel, the global semiconductors market has been segmented into Networking & Communications, Data Processing, Industrial, Consumer, Electronics, Automotive and Government. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Analysis by Components

Memory devices are anticipated to drive the global semiconductors market growth in this segmentation. With the development of more advanced technologies like cloud computing and virtual reality, the need for memory devices is increasing day by day and is deeply integrated with the user’s devices. On a similar note, logic devices that are used for specific applications such as Application-specific signal processors and Application-specific integrated circuits are also expected to grow during the projection period. All other subsegments are unlikely to be stagnant, however, growth is likely to be driven by these two segments in the global semiconductors market.

Analysis by Application

Among the subsegments, the network and communication segment is expected to have the highest growth over the forecast period in the global semiconductors market. Particularly because of the increasing demand for smartphones in developing and developed countries. Consumer electronics, particularly gaming has become more advanced and is in absolute need of semiconductors. Another field that is getting traction is the automobile subsegment. With several electric cars leading the automobile industry in recent years their reliance on semiconductors has become irreplaceable and is continued to be so until cheaper alternatives can be found in the global semiconductors market.

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Top Player's Company Profiles

  • Broadcom, Inc. (U.S.)
  • Intel Corporation (U.S.)
  • Qualcomm (U.S.)
  • Samsung Electronics (South Korea)
  • SK Hynix (South Korea)
  • Taiwan Semiconductors (Taiwan)
  • Texas Instruments (U.S.)
  • Toshiba Corporation (Japan)
  • Maxim Integrated Products, Inc. (U.S.)
  • Micron Technology (U.S.)
  • NVIDIA Corporation (U.S.)

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