Semiconductor Market to be dominated by Integrated Circuits till 2026 – TechSci Research

Increased demand for microchips and the development of smart cities are expected to drive the demand for global semiconductor market for the forecast period.

According to TechSci Research report, “Semiconductor Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026 Segmented By Type (Integrated Circuits (Logic, Memory, Micro, Analog), Sensors, Optoelectronics, Discrete Semiconductors), By Process (Doping, Wafer Fabrication, Masking, Etching, Others), By Application (Networking & Communication, Healthcare, Automotive, Consumer electronics, Industrial, Smart Grid, Gaming and Others) and By Region”, the global semiconductor market is expected to witness steady growth for the forecast period, 2022-2026. The development of wireless connected devices and the high demand for advanced consumer electronic devices are contributing to the market growth. The continuous rise in the population and rapid urbanization are fueling the demand for home appliances around the globe. Integrated circuit chips are used in several electronic devices such as washing machines, refrigerators, smartphones, laptops, and others, and the high-end investment of the market players for the development of advanced semiconductor devices is expected to accelerate the global semiconductor market.

However, the tariffs imposed on the import and export activities may restrain the global semiconductor market growth for the next five years.

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Global semiconductor market is segmented into type, process, application, regional distribution, and company. Based on type, the market is divided into integrated circuits, sensors, optoelectronics, and discrete semiconductors. The integrated circuits segment is expected to hold a significant market share for the forecast period, 2022-2026. The integrated circuits segment is further divided into logic, memory, micro, and analog. The demand for memory devices due to the ongoing technological advancements such as cloud computing, artificial intelligence, and their integration in the end-user devices is fostering the demand for semiconductors. Logic devices are used in application-specific integrated circuits and application-specific signal processors, thereby accelerating market demand. Microprocessor and microcontroller segment is used in IoT-based electronic devices and powerful processors and controllers. Analog integrated devices are in high demand in the communication and networking industry. The rising demand for discrete power devices and the flourishing automotive industry are driving the analog integrated circuit demand. Based on application, the market is divided into networking & communication, healthcare, automotive, consumer electronics, industrial, smart grid, gaming, and others. The networking and communication segment is expected to account for the largest market share for the next five years. The use of semiconductors in the deployment of 5G technology and the manufacturing of smartphones is the major contributing factor. The devices required in the wired communication, such as switches, adapters, controllers, are made by using semiconductors. Wireless communication includes the use of semiconductors in wireless local area network adapters, mobile Wi-Fi chips, Bluetooth transceivers, global positioning system receivers, near-field communication chips, and others. With the development and the growing demand for wireless technology to establish fast connections between devices, the demand for semiconductors is expected to rise for the next five years.

Qualcomm Inc., Samsung Electronics Co. Ltd., Infineon Technologies AG, Intel Corporation, NXP Semiconductors NV, Texas Instruments Incorporated, SK hynix Inc., Micron Technology, Inc., Taiwan Semiconductor Manufacturing Company Limited, NVIDIA Corp., Broadcom, Inc., ST Microelectronics, Advanced Semiconductor Engineering, Inc., ON Semiconductor Corporation, Advanced Micro Devices, Inc are the leading players operating in global semiconductor market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several semiconductor manufacturers are coming up with their technologically advanced offerings.

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“The growing demand for electric vehicles around the globe, owing to the rise in consumers' awareness regarding environmental pollution and surging oil prices, is influencing the demand for semiconductors. Leading authorities around the globe are providing incentives and income tax rebates to electric vehicle manufacturers, which is further fueling the development of electric vehicle charging infrastructure. Semiconductors are used to integrate innovative features in electric vehicles and increase battery life, and with the growing demand for electric vehicles, the global semiconductor market is expected to witness significant growth till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Semiconductor Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026

Segmented By Type (Integrated Circuits (Logic, Memory, Micro, Analog), Sensors, Optoelectronics, Discrete Semiconductors), By Process (Doping, Wafer Fabrication, Masking, Etching, Others), By Application (Networking & Communication, Healthcare, Automotive, Consumer electronics, Industrial, Smart Grid, Gaming and Others) and By Region” has evaluated the future growth potential of global semiconductor market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of global semiconductor market.

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