Semiconductor And Related Devices Market Trends, Industry Size, Growth Opportunities And Forecast To 2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Semiconductor And Related Devices Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth 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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Market Segmentation:
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

Major Driver - Surging Demand For Mobile Devices Fuels Growth In The Semiconductor And Related Devices Market
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.

Competitive Landscape:
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

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Top Trend - Innovative Technological Advancements Fueling Demand For Memory Chips In The Semiconductor And Related Devices Market
Companies in the memory chip market are developing chips with major technological changes that contribute to the growth of demand for memory chips. Researchers are creating memory chips that can store and process the data, reducing the time and energy required to transfer data and increasing the speed of processors. For instance, Samsung Electronics announced the mass production of fifth-generation V-NAND memory chips that transfer data faster and additionally have the fastest data write speed at 500 microseconds (μs). This write speed is a 30% improvement over the previous generation, and the read-time has significantly reduced to 50μs. Technological advances reducing the data transfer time and energy contribute to the growth of the semiconductor and related devices market.

The Table Of Content For The Market Report Include:
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. Semiconductor And Related Devices Market Size And Growth
…..
27. Semiconductor And Related Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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