Semiconductor and Circuit Manufacturing (SCM) Market Worth $522.7 billion by 2027

Meticulous Research®- a leading global market research company published a research report titled "Semiconductor and Circuit Manufacturing Market by Component (Memory, MPU, MCU, DSP), Semiconductor (Intrinsic, Extrinsic), Material (Silicon, Germanium), Application (Consumer, Automotive, Industrial, Military & Civil Aerospace) - Global Forecast to 2027".

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According to this latest publication from Meticulous Research®, the semiconductor and circuit manufacturing (SCM) market is expected to grow at a CAGR of 4.3% from 2020 to reach $522.7 billion by 2027. The growth in this market is majorly attributed to the factors such as consistent development in semiconductor ecosystem; increasing demand for IT hardware, industrial automation products, consumer electronics including mobile phones, and automotive products; and increasing investment in the research & development activities for the development of semiconductor industry. Furthermore, growing acceptance of disruptive technologies such as AI, Big Data Analysis, and IoT, among others together with growing consumption of electronic equipment and investment in 5G technologies offers significant opportunities for the semiconductor and circuit manufacturing market players. However, expensive fabrication and global impact of COVID-19 on the semiconductor industry has created serious challenges for the growth of this market.

The overall semiconductor and circuit manufacturing market study present historical market data in terms of value (2018 & 2019), estimated current data (2020), and forecasts for 2027. The market is segmented on the basis of component (memory, logic, analog, MPU, optical devices, discrete, microcontroller units, sensors, DSP, others), type (intrinsic semiconductor, extrinsic semiconductor), material type (silicon, germanium, gallium arsenide, silicon carbide, others), and application (data processing electronics, communication electronics, consumer electronics, automotive electronics, industrial electronics, military and civil aerospace). The study also evaluates industry competitors and analyzes the market at country level.

Based on component segment, the SCM market is segmented into memory, logic, analog, MPU, optical devices, discrete, microcontroller units, sensors, DSP, and others. At present, the memory device segment accounted for the largest share of the overall semiconductor and circuit manufacturing market in 2019. The large share of this segment is mainly attributed to the factors such as increasing usage of several memory devices including DRAM, SDRAM, and flash memory along with perpetually increasing consumption across various electronic devices including computers, laptop, and gaming & entertainment devices; rapid developments in modern technologies in memory devices including MRAM, ZRAM, and RRAM, among others; and proliferation of mobile phones. Furthermore, several players operating in this industry are investing heavily in the research and development activities to discover a single universal memory that benefits all other existing memory is further supporting the growth of this segment.

Based on type, the SCM market is segmented into intrinsic semiconductor and extrinsic semiconductor. The extrinsic semiconductor segment accounted for the largest share of the overall semiconductor and circuit manufacturing market in 2019. This segment is also expected to witness the fastest growth during the forecast period. The large share and fast growth of this segment is mainly attributed to the growing implementation of extrinsic semiconductor in several devices such as lasers, solar cells, LED, and photodetectors as well as its high demand in the fabrication process of advanced electronics components such as transistors, diodes, and integrated circuits, among others. Moreover, growing technological advancements in extrinsic semiconductors is also expected to contribute to the fastest growth of this segment.

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Based on material type, the SCM market is segmented into silicon, germanium, gallium arsenide, silicon carbide, and others. The silicon material segment accounted for the largest share of the overall semiconductor and circuit manufacturing market in 2019. However, the silicon carbide material segment is expected to witness rapid growth during the forecast period. The rapid growth of this segment is mainly attributed to the factors such as increasing usage of power electronic devices; increasing implementation for EV motors; and growing demand of SiC-based photovoltaic cells, particularly in developing countries.

Based on application, the SCM market is segmented into data processing electronics, communication electronics, consumer electronics, automotive electronics, industrial electronics, and military and civil aerospace. The data processing electronics segment accounted for the largest share of the overall semiconductor and circuit manufacturing market in 2019. The large share of this segment is mainly attributed to the increasing demand of semiconductors in the data processing electronic devices including PCs, ultra-mobiles, tablets, servers, and storage devices along with its easy integration with these devices. Also, the rapid proliferation of mobile phones and other connected devices is further expected to accelerate the demand for memory card and storage devices, thereby expanding the market for data processing electronics applications.

Geographically, the global SCM market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific region is expected to witness rapid growth during the forecast period. The rapid growth of this region is primarily due to the factors such as presence of the world's leading semiconductor players, rapidly growing economy, increase in mobile communications, consistent enhancement in cloud computing, and easy availability of the semiconductors. Moreover, rapid adoption of semiconductor devices in the region, particularly in automobile industry including autonomous cars & electric vehicles; energy industry including solar panel; healthcare industry including medical devices; and consumer electronic industry including mobile phones & computers is supporting the growth of SCM market in the Asia-Pacific region.

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Key Players:

The key players operating in the global semiconductor and circuit manufacturing market are Samsung Electronics Co. Ltd. (South Korea), Intel Corporation (U.S.), Taiwan Semiconductor (Taiwan), SK Hynix Inc. (South Korea), Micron Technology, Inc. (U.S.), Broadcom Inc. (U.S.), Qualcomm Technologies, Inc. (U.S.), Texas Instruments Inc. (U.S.), Toshiba Corporation (Japan), NVIDIA Corporation (U.S.), ON Semiconductor (U.S.), Advanced Micro Devices, Inc. (U.S.), Analog Devices, Inc. (U.S.), Rensas Electronics Corporation (Japan), and NXP Semiconductors N.V. (Netherlands), among others.

Key questions answered in the report-

Which are the high growth market segments in terms of component, type, material type, application, and countries?

What was the historical market for semiconductor and circuit manufacturing across the globe?

What are the market forecasts and estimates for the period 2020-2027?
What are the major drivers, restraints, opportunities, and trends in the global semiconductor and circuit manufacturing market?

Who are the major players and their share in the global semiconductor and circuit manufacturing market?

How is the competitive landscape in the global semiconductor and circuit manufacturing market?

What are the different strategies adopted by the major players in the global semiconductor and circuit manufacturing market?

What are the geographic trends and high growth countries?

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