Microcomponent Semiconductor Market For Manufacturing Industry - Forecasts from 2019 to 2024

The global microcomponent semiconductor market for manufacturing industry is projected to grow at a CAGR of 3.24% during the forecast period to reach US$6.904 billion in 2024 from US$5.704 billion in 2018. The increasing focus by the manufacturers to improve the overall productivity and efficiency is significantly driving the investment in factory automation, which is turn, is boosting the growth of microcomponent market in the manufacturing industry. Simultaneously, the growing production within the industry electronics industry is further anticipated to complement the growth of the market during the forecast period.

Drivers

Growing manufacturing activities in budding economies
Rising automation in the Manufacturing and Industrial sector

Restraints

Cyclical nature of the semiconductor industry

The major players profiled in the microcomponent semiconductor market for manufacturing industry include Intel Corporation, Advanced MicrDevices, Inc., NXP Semiconductors, and STMicroelectronics, among others.

Segmentation

The microcomponent semiconductor market for manufacturing industry has been analyzed through the following segments:

By Type

Microprocessors
Microcontrollers
Digital Signal Processors

By Geography

Americas
USA
Canada
Brazil
Others

Europe Middle East and Africa
Germany
France
United Kingdom
Italy
Others

Asia Pacific
China
Japan
India
Taiwan
Others