The semiconductor and other electronic component global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Semiconductor And Other Electronic Component Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The semiconductor and other electronic component market size has grown strongly in recent years. It will grow from $1151.27 billion in 2023 to $1242 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to technological advancements, consumer electronics, data centers, iot and industry 4.0.
The semiconductor and other electronic component market size is expected to see strong growth in the next few years. It will grow to $1649.37 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to 5G and beyond, artificial intelligence (AI), semiconductor shortages, green technology, environmental and regulatory factors. Major trends in the forecast period include electrification and lightweighting, advanced materials, additive manufacturing, digitalization and connectivity, collaboration and partnerships, .
Order your report now for swift delivery @
https://www.thebusinessresearchcompany.com/report/semiconductor-and-other-electronic-component-global-market-report
Scope Of Semiconductor And Other Electronic Component Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Semiconductor And Other Electronic Component Market Overview
Market Drivers –
The rise in demand for consumer electronics is expected to propel the growth of the semiconductor and other components market going forward. Consumer electronics refers to any electronic gadget designed for every day, private, or professional use by consumers or end users. semiconductor components are the foundation of consumer electronics, providing the processing power, memory, connectivity, and specialized features that make these devices versatile, efficient, and capable of meeting the demands of modern consumers. For instance, in January 2023, according to the annual financial report 2022 published by LG, a South Korea-based consumer electronics company, with sales surpassing $60 billion in 2022, LG recorded its biggest annual revenue ever, up 12.9% from 2021, when sales for the first time went over approximately $52.70 billion. Therefore, the rise in demand for consumer electronics drives the semiconductor and other components market.
Market Trends –
Major companies operating in the semiconductor and other components market are introducing advance technology such as, control meta surface technology to drive revenues in the market. The Light Control Meta surface (LCM) technology is a patented beam-steering technology used in solid-state optical semiconductors. For instance, in August 2023, Lumotive, a US-based company that manufactures semiconductors launched LM10, the first full production offering with its Light Control Meta surface (LCM) technology. This is the world’s first digital beam steering solution with exceptional performance, compact design, and software-defined scan modes, enabling precise object detection, shape recognition, and enhanced safety in industrial robotics applications, propelling the industry to new levels of efficiency and productivity.
The semiconductor and other electronic component market covered in this report is segmented –
1) By Type: Semiconductor And Related Devices, General Electronic Components
2) By Mode: Online, Offline
3) By Sales Channel: OEM, Aftermarket
4) By Application: Automotive, Manufacturing, Other Applications
Subsegments Covered: Integrated Circuits, Memory Chips, Microprocessors, Other Semiconductor And Related Devices
Get an inside scoop of the semiconductor and other electronic component market, Request now for Sample Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=3057&type=smp
Regional Insights –
Asia-Pacific was the largest region in the semiconductor and other electronic component market in 2023. North America was the second largest region in the semiconductor and other electronic component market. The regions covered in the semiconductor and other electronic component market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the semiconductor and other electronic component market include Samsung Electronics Co. Ltd., Taiwan Semiconductor Manufacturing Company Limited, SK Hynix Inc., Qualcomm Incorporated, Micron Technology Inc., LG Display Co. Ltd., Intel Corporation, Hon Hai Precision Industry Co. Ltd., Broadcom Inc., Advanced Semiconductor Engineering Inc., Texas Instruments Inc., Toshiba Corporation, Infineon Technologies AG, STMicroelectronics NV, NXP Semiconductors NV, Analog Devices Inc., Renesas Electronics Corporation, MediaTek Inc., ON Semiconductor Corporation, Amkor Technology Inc., Marvell Technology Inc., Advanced Micro Devices Inc., NVIDIA Corporation, Cypress Semiconductor Corporation, Silicon Laboratories Inc., Microchip Technology Inc., Integrated Device Technology Inc., Cirrus Logic Inc., Semtech Corporation, Lattice Semiconductor Corporation, Monolithic Power Systems Inc., Power Integrations Inc.
Table of Contents
1. Executive Summary
2. Semiconductor And Other Electronic Component Market Report Structure
3. Semiconductor And Other Electronic Component Market Trends And Strategies
4. Semiconductor And Other Electronic Component Market – Macro Economic Scenario
5. Semiconductor And Other Electronic Component Market Size And Growth
…..
27. Semiconductor And Other Electronic Component Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
