The latest report by IMARC Group, titled “Semiconductor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028". The global semiconductor market size reached US$ 604.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 941.2 Billion by 2028, exhibiting a growth rate (CAGR) of 7.5% during 2023-2028. A semiconductor is a material with electrical conductivity that falls between insulators and conductors. Semiconductors can conduct electricity under certain conditions while acting as an insulator under others. Semiconductors are fundamental components of electronic devices and integrated circuits (ICs). They are made of materials like silicon and germanium. The unique property of semiconductors allows them to control and manipulate the flow of electrical current, making them essential for transistors, diodes, and microchips. At present, semiconductors find extensive applications in modern electronics, enabling the development of computers, smartphones, televisions, and a wide range of electronic gadgets across the globe. For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/semiconductor-market/requestsample Semiconductor Market Trends and Drivers: The global semiconductor market is primarily driven by the rapid proliferation of electronic devices across industries, from consumer electronics to automotive and healthcare. Moreover, numerous advancements in semiconductor technology, such as miniaturization and increased processing power that enable more capable and efficient devices, have catalyzed market growth. Apart from this, the rapid expansion of emerging technologies like 5G, IoT, and artificial intelligence has augmented the demand for specialized semiconductor solutions. Besides this, the escalating demand for both volatile (DRAM) and non-volatile (NAND and NOR) memory chips due to increasing data generation and storage needs is another major growth-inducing factor. Furthermore, rising government incentives and investments in semiconductor manufacturing and research aim to strengthen domestic industries is contributing to market growth. Report Segmentation: The report has segmented the market into the following categories: Breakup by Components:
- Memory Devices
- Logic Devices
- Analog IC
- MPU
- Discrete Power Devices
- MCU
- Sensors
- Others
- Silicon Carbide
- Gallium Manganese Arsenide
- Copper Indium Gallium Selenide
- Molybdenum Disulfide
- Others
- Automotive
- Industrial
- Data Centre
- Telecommunication
- Consumer Electronics
- Aerospace and Defense
- Healthcare
- Others
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
- Broadcom Inc.
- Infineon Technologies AG
- Intel Corporation
- Micron Technology Inc.
- NXP Semiconductors N.V.
- Renesas Electronics Corporation
- Samsung Electronics Co. Ltd.
- SK hynix Inc.
- STMicroelectronics N.V.
- Taiwan Semiconductor Manufacturing Company Limited
- Texas Instruments Incorporated
- Toshiba Electronic Devices & Storage Corporation (Toshiba Corporation)