Global Semiconductors Market By components, By application & By region-Forecast Analysis 2022-2028

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% during the forecast period (2022-2028).

Applications for semiconductors are numerous and are playing a bigger role in daily life.

Consumer electronics such as computers, mobile phones, microwaves, refrigerators, game consoles, and other devices rely heavily on semiconductors. A range of items, including digital watches, GPS systems, central heating systems, fitness trackers, televisions, and more, are produced thanks to embedded systems, which are essentially little computers. Its rising popularity will drive its demand in the global market.

Top-down and bottom-up approaches were used to estimate and validate the size of the global semiconductors market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Segments covered in this report

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.

Driver

Since semiconductors are effective as cooling agents in thermoelectric applications, their qualities make them valuable for other applications, such as those with high thermal conductivity. Additionally, some semiconductors - typically those that are offered as a liquid or as a thin-coated film - can also produce light. LEDs and OLEDs use these kinds of semiconductors. Last but not least, semiconductors have a significant impact in the subject of renewable energy. Solar panel utilization would be significantly hampered without silicon, one of the most widely used semiconductors in the world. 85% of sold solar modules contain semiconductors today. Demand from these industries is fueling the semiconductor industry.

Restraint

The expansion of the global semiconductors market is predicted to be hampered by changing international trade practices. Geopolitics and reliance on the world's supply chain have recently become key barriers. Also, the global semiconductor market industry's expansion would be constrained by tariff disruptions in the coming years.

Market Trends

The persistent chip shortage, the shifting competitive environment, and the ongoing push for sustainability are just a few of the major factors that are poised to have a significant impact on the business. The players in the global semiconductor market are also set to face substantial changes in the upcoming years. Techs like Apple (M1 chips designed in-house), Google (Tensor), and Amazon (Graviton) have plans to make their own chips in order to get around the chip shortage and stand out from the competition. The technology that is offered to the larger market will be impacted by the shifting competitive environment, which will also affect how semiconductor technology applications are used.