Semiconductor And Related Devices Global Market Report 2024 - By Size, Growth, Share And Industry Trends, Forecast To 2033

"The new report published by The Business Research Company, titled ""Semiconductor And Related Devices Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

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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.

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 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

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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

Contents of the report:
1. Executive Summary
2. Semiconductor And Related Devices Market Report Structure
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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