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Global Semiconductor Market by component, by application, by region, trend analysis, competitive market share & forecast, 2018-2028

  • ID: 5585198
  • Report
  • March 2022
  • Region: Global
  • 204 Pages
  • Blueweave Consulting & Research Pvt Ltd

Global Semiconductor Market to Boost in Coming Years-Projected to Reach Worth USD 820.1 Billion by 2028


The global Semiconductor market's growth is attributable to the ever-increasing demand for consumer electronic devices and the emergence of advanced technologies like artificial intelligence, machine learning, IoT, etc.

This recent study revealed that the Global Semiconductor market was worth USD 550.2 billion in 2021 and is anticipated to reach USD 820.1 billion by 2028 at a CAGR of 5.3%. The growth rate of the market is driven by the massive demand for consumer electronic devices created owing to the growing population, escalating household incomes, increasing digitization combined with rapid urbanization.

Technological Advancements Coupled With The Surge In Demand For Consumer Electronic Devices Driving Global Semiconductor Market Growth


Technology is becoming more autonomous, virtual, connected, and intelligent, increasing the significance of the superconductors for a wide range of industries like smartphones, computers, smart homes, refrigerators, air conditioners, etc. The semiconductors function as translators from the physical world to the digital world. For instance- In a smartphone’s digital camera, the semiconductor sensors inside the camera convert the image of what the lens sees into digital data. Moreover, numerous emerging technologies entailing artificial intelligence, industrial internet of things, automotive electronics, and augmented / virtual reality are becoming significant across different industries. Consequently, more and more companies find ways to use them to innovate and develop new products and revolutionize their businesses, thus making a significant contribution to the demand for semiconductors.

The Change In The Pattern Of Global Trade And High Manufacturing Costs Impede The Global Semiconductor Market Growth


Change in the trade policies and a shift towards protectionist measures adopted by the United States has impacted the global supply chains. Furthermore, the constantly changing semiconductor market and the complicated manufacturing process are expected to slow down the growth and demand for semiconductors during the forecast period. Additionally, the massive production costs of semiconductors and high initial costs of production with uncertain returns are a major challenge expected to hamper the growth of the semiconductor market during the forecast period 2022-2028.

Memory Devises Segment Dominates The Market Share Due To High Demand Of Consumer Electronic Devices.

Amidst the segmentation, memory devices accounted for the largest market share in 2021 owing to the rapid adoption of technological advancements like AR/VR, cloud computing, etc., and their integration in end-user devices. Moreover, the high cost of memory products like NAND flash chips and DRAM is responsible to a large extent for their high market share. For instance- In the third quarter of 2021, the global semiconductor market was led by strong sales of memory products such as DRAM and NAND flash. The NAND flash market significantly expanded. The logical devices segment is anticipated to witness the highest growth rate during the forecast period. The MPU and MCU show stagnant growth owing to weak shipments and investments in smartphones, computers, etc.

Impact Of COVID-19 On The Semiconductor Market


The semiconductor industry has been severely impacted by the abrupt outbreak of the COVID-19 pandemic. During the initial phases in 2020, companies and manufacturing facilities worldwide were shut down due to the stringent lockdown restrictions creating uncertainty in the stock market and declining business confidence. On the other hand, it escalated digitization, thus increasing the significance of digital technologies in connecting people and businesses to function. 2020 witnessed a high surge in demand for both companies as well as consumer customers. Therefore, the demand for semiconductors remained high despite the supply chain issues due to the Covid-19 wave.

Asia-Pacific Dominates The Global Semiconductors Market In 2021 And Is Projected To Exhibit The Highest Growth Rate During The Forecast Period 2022-2028


The market is categorized into North America, Europe, the Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific leads the market with the highest share in 2021 due to the adoption of high-end technology-based devices, growing consumer demand for electronic devices, and low prices. China in Asia-Pacific is expected to grow with the highest CAGR during the forecast period due to the presence of local component manufacturing. Asia- Pacific is followed by North America in terms of growth rate as a result of high investment in the research and development activities. Latin America, the Middle East, and Africa are expected to register a healthy market growth rate on account of rising consumption of smartphones, TVs, etc., and the presence of skilled labor, respectively.

Competitive Landscape


The global semiconductor market is fragmented with numerous players serving the market. The key players dominating the global semiconductor market are Samsung Electronics, Intel, Qualcomm, Broadcom, SK Hynix, Toshiba, Taiwan Semiconductors, Texas Instruments, Micron Technology, Maxim Integrated Products, NXP Semiconductors N.V., NVIDIA, and other prominent players. The key marketing strategies adopted by the players are launching new and advanced product launches investing in new technologies, collaborations, partnerships, and acquisitions to expand their customer reach.

Don’t miss the business opportunity of the global semiconductor market. Consult the report to gain crucial insights and facilitate your business growth.

The report's in-depth analysis provides information about growth potential, upcoming trends, and the global Semiconductor market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the global Semiconductor market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.


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1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Research
2.2. Quantitative Research
2.3. Market Breakdown & Data Triangulation
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents, By Region
2.5. Assumption & Limitation
3. Executive Summary
4. Global Semiconductor Market Insights
4.1. Industry Value Chain Analysis
4.2. DROC Analysis
4.2.1. Growth Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Technological Landscape/Recent Development
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Intensity of Rivalry
5. Global Semiconductor Market Overview
5.1. Market Size & Forecast by Value, 2018-2028
5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
5.2.1. By Component
5.2.1.1. Memory Devices
5.2.1.2. Logic Devices
5.2.1.3. Analog IC
5.2.1.4. MPU
5.2.1.5. Discrete Power Devices
5.2.1.6. MCU
5.2.1.7. Others Like Sensors
5.2.2. By Application
5.2.2.1. Networking And Communications
5.2.2.2. Data Processing
5.2.2.3. Industrial
5.2.2.4. Consumer Electronics
5.2.2.5. Automotive
5.2.2.6. Government
5.2.3. By Region
5.2.3.1. North America
5.2.3.2. Europe
5.2.3.3. Asia-Pacific
5.2.3.4. Latin America
5.2.3.5. Middle-East and Africa
6. North America Semiconductor Market
6.1. Market Size & Forecast by Value, 2018-2028
6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
6.2.1. By Component
6.2.2. By Application
6.2.3. By Country
6.2.3.1. United States
6.2.3.2. Canada
7. Europe Semiconductor Market
7.1. Market Size & Forecast by Value, 2018-2028
7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
7.2.1. By Component
7.2.2. By Application
7.2.3. By Country
7.2.3.1. Germany
7.2.3.2. United Kingdom
7.2.3.3. Italy
7.2.3.4. France
7.2.3.5. Spain
7.2.3.6. Rest of Europe
8. Asia Pacific Semiconductor Market
8.1. Market Size & Forecast by Value, 2018-2028
8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
8.2.1. By Component
8.2.2. By Application
8.2.3. By Country
8.2.3.1. China
8.2.3.2. India
8.2.3.3. Japan
8.2.3.4. South Korea
8.2.3.5. Rest of Asia Pacific
9. Latin America Semiconductor Market
9.1. Market Size & Forecast by Value, 2018-2028
9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
9.2.1. By Component
9.2.2. By Application
9.2.3. By Country
9.2.3.1. Brazil
9.2.3.2. Mexico
9.2.3.3. Rest of Latin America
10. Middle East & Africa Semiconductor Market
10.1. Market Size & Forecast by Value, 2018-2028
10.1.1. By Value (USD Million)
10.2. Market Share & Forecast
10.2.1. By Component
10.2.2. By Application
10.2.3. By Country
10.2.3.1. Saudi Arabia
10.2.3.2. UAE
10.2.3.3. South Africa
10.2.3.4. Rest of Middle East & Africa
11. Competitive Landscape
11.1. List of Key Players and Their Offerings
11.2. Market Share Analysis, 2021
11.3. Competitive Benchmarking, By Operating Parameters
11.4. Key Strategic Development (Merger, Acquisition, Partnership.)
12. Impact of COVID-19 on Semiconductor Industry
13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
13.1. Samsung Electronics
13.2. Intel
13.3. Qualcomm
13.4. Broadcom
13.5. SK Hynix
13.6. Toshiba
13.7. Taiwan Semiconductor
13.8. Texas Instruments
13.9. Micron Technology
13.10. Maxim Integrated Products
13.11. NXP Semiconductor N.V.
13.12. NVIDIA
13.13. Other Prominent Players
14. Key Strategic Recommendations
List of Figures
Figure 1 Global Semiconductor Segmentation
Figure 2 Global Semiconductor Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2021
Figure 4 Global Semiconductor Market Size, By Value (USD Million), 2018-2028
Figure 5 Global Semiconductor Market Share, By Component, By Value, 2018-2028
Figure 6 Global Semiconductor Market Share, By Application, By Value, 2018-2028
Figure 8 Global Semiconductor Market Share, By Region, By Value, 2018-2028
Figure 9 North America Semiconductor Market Size, By Value (USD Million), 2018-2028
Figure 10 North America Semiconductor Market Share, By Component, By Value, 2018-2028
Figure 11 North America Semiconductor Market Share, By Application, By Value, 2018-2028
Figure 13 North America Semiconductor Market Share, By Country, By Value, 2018-2028
Figure 14 Europe Semiconductor Market Size, By Value (USD Million), 2018-2028
Figure 15 Europe Semiconductor Market Share, By Component, By Value, 2018-2028
Figure 16 Europe Semiconductor Market Share, By Application, By Value, 2018-2028
Figure 18 Europe Semiconductor Market Share, By Country, By Value, 2018-2028
Figure 19 The Asia-Pacific Semiconductor Market Size, By Value (USD Million), 2018-2028
Figure 20 The Asia-Pacific Semiconductor Market Share, By Component, By Value, 2018-2028
Figure 21 The Asia-Pacific Semiconductor Market Share, By Application, By Value, 2018-2028
Figure 23 The Asia-Pacific Semiconductor Market Share, By Country, By Value, 2018-2028
Figure 24 Latin America Semiconductor Market Size, By Value (USD Million), 2018-2028
Figure 25 Latin America Semiconductor Market Share, By Component, By Value, 2018-2028
Figure 26 Latin America Semiconductor Market Share, By Application, By Value, 2018-2028
Figure 28 Latin America Semiconductor Market Share, By Country, By Value, 2018-2028
Figure 29 The Middle East & Africa Semiconductor Market Size, By Value (USD Million), 2018-2028
Figure 30 The Middle East & Africa Semiconductor Market Share, By Component, By Value, 2018-2028
Figure 31 The Middle East & Africa Semiconductor Market Share, By Application, By Value, 2018-2028
Figure 33 The Middle East & Africa Semiconductor Market Share, By Country, By Value, 2018-2028
List of Tables
Table 1 Global Semiconductor Market Size, By Component, By Value, 2018-2028
Table 2 Global Semiconductor Market Size, By Application, By Value, 2018-2028
Table 3 Global Semiconductor Market Size, By Payment Method, By Value, 2018-2028
Table 4 Global Semiconductor Market Size, By Region, By Value, 2018-2028
Table 5 North America Semiconductor Market Size, By Component, By Value, 2018-2028
Table 6 North America Semiconductor Market Size, By Application, By Value, 2018-2028
Table 7 North America Semiconductor Market Size, By Country, By Value, 2018-2028
Table 8 Europe Semiconductor Market Size, By Component, By Value, 2018-2028
Table 9 Europe Semiconductor Market Size, By Application, By Value, 2018-2028
Table 10 Europe Semiconductor Market Size, By Country, By Value, 2018-2028
Table 11 The Asia-Pacific Semiconductor Market Size, By Component, By Value, 2018-2028
Table 12 The Asia-Pacific Semiconductor Market Size, By Application, By Value, 2018-2028
Table 13 The Asia-Pacific Semiconductor Market Size, By Country, By Value, 2018-2028
Table 14 Latin America Semiconductor Market Size, By Component, By Value, 2018-2028
Table 15 Latin America Semiconductor Market Size, By Application, By Value, 2018-2028
Table 16 Latin America Semiconductor Market Size, By Country, By Value, 2018-2028
Table 17 The Middle East & Africa Semiconductor Market Size, By Component, By Value, 2018-2028
Table 18 The Middle East & Africa Semiconductor Market Size, By Application, By Value, 2018-2028
Table 19 The Middle East & Africa Semiconductor Market Size, By Country, By Value, 2018-2028
Table 20 Samsung Electronics Company Overview
Table 21 Samsung Electronics Financial Overview
Table 22 Intel Company Overview
Table 23 Intel Financial Overview
Table 24 Broadcom Company Overview
Table 25 Broadcom Financial Overview
Table 26 SK Hynix Company Overview
Table 27 SK Hynix Financial Overview
Table 28 Taiwan Semiconductor Company Overview
Table 29 Taiwan Semiconductor Financial Overview
Table 30 Micron Technology Company Overview
Table 31 Micron Technology Financial Overview
Table 32 Maxim Integrated Products Company Overview
Table 33 Maxim Integrated Products Financial Overview
Table 34 NXP Semiconductor N.V. Company Overview
Table 35 NXP Semiconductor N.V. Financial Overview
Table 36 NVIDIA Company Overview
Table 37 NVIDIA Financial Overview
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