Semiconductor And Related Devices Market Growth Outlook Through 2024-2033

Overview and Scope
Semiconductors are materials that have an electrical conductivity falling between a conductor and an insulator. Semiconductors devices are components made out of material that is neither a good conductor nor a good insulator. They are useful because their behaviour can be easily manipulated by the addition of impurities, known as doping. The conductivity of the device can be controlled, by exposure to heat, by introducing an electric or magnetic field, or by mechanical deformation. These devices have wide applications in power devices, light emitters, lasers, and optical sensors due to their reliability and compactness.

Sizing and Forecast
The semiconductor and related devices market size has grown strongly in recent years. It will grow from $636.47 billion in 2023 to $691.41 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to consumer electronics demand, automotive industry growth, industrial automation needs, networking and connectivity requirements, renewable energy technologies.

The semiconductor and related devices market size is expected to see strong growth in the next few years. It will grow to $940.96 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to 5g network deployment, iot and edge computing expansion, electric and autonomous vehicles, ai and machine learning applications, medical electronics and healthcare technologies. Major trends in the forecast period include automotive semiconductor demand, iot and wearable device integration, customized and specialized chips, global collaboration and partnerships, resilience against geopolitical challenges.

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Segmentation & Regional Insights
The semiconductor and related devices market covered in this report is segmented –

1) By Product Type: Integrated Circuits, Memory Chips, Microprocessors, Other Product Types
2) By Type: Intrinsic Semiconductor, Extrinsic Semiconductor
3) By End-Use Industry: Information Technology, Aerospace & Defense, Consumer Electronics, Automotive, Healthcare, Other End-Users

Asia-Pacific was the largest region in the semiconductor and related devices market in 2023. North America was the second-largest region in the global semiconductor and related devices market share. The regions covered in the semiconductor and related devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The rising penetration of mobiles, tablets, and other electronics and rising data consumption drive the semiconductors and related devices market. An increase in sales of electronic devices such as smartphones and tablets lead to an increase in the generation and consumption of digital content and requires memory chips to store data. For instance, in February 2023, according to a report published by Uswitch Limited, a UK-based online and telephone comparison, and switching service, 71.8 million mobile connections were active in 2022, which is an increase of 3.8% from 2021. There will be 68.3 million people living in the UK by 2025, and 95% of them will have smartphones in their hands. Therefore, the increasing use of smartphones is expected to drive the growth of semiconductor and related devices market.

Key Industry Players

Major companies operating in the semiconductor and related devices market report are Samsung Electronics Co. Ltd., Sony Corporation, Taiwan Semiconductor Manufacturing Company Ltd., Intel Corporation, Qualcomm Incorporated, SK Hynix Inc., Broadcom Inc., Micron Technology Inc., Fujitsu Microelectronics Asia Pacific Limited, NVIDIA Corporation, Advanced Micro Devices Inc., Toshiba Corporation, Texas Instruments Incorporated, Western Digital Corporation, MediaTek Inc., STMicroelectronics N.V., Infineon Technologies AG, Transcend Information Inc., NXP Semiconductors N.V., Analog Devices Inc., Renesas Electronics Corporation, KLA Corporation, AU Optronics Corp., Semiconductor Manufacturing International Corporation, Marvell Technology Group Ltd., SolarEdge Technologies Inc., Tower Semiconductor Ltd., Mellanox Technologies Ltd., Freescale Semiconductor Limited, ON Semiconductor Corporation, Maxim Integrated Products Inc., Cypress Semiconductor Corporation

The semiconductor and related devices market report table of contents includes:

1. Executive Summary
2. Semiconductor And Related Devices Market Characteristics
3. Semiconductor And Related Devices Market Trends And Strategies
4. Semiconductor And Related Devices Market – Macro Economic Scenario
5. Global Semiconductor And Related Devices Market Size and Growth
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31. Semiconductor And Related Devices Market Other Major And Innovative Companies
32. Global Semiconductor And Related Devices Market Competitive Benchmarking
33. Global Semiconductor And Related Devices Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Semiconductor And Related Devices Market
35. Semiconductor And Related Devices Market Future Outlook and Potential Analysis
36.Appendix

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