Press release
Australia Semiconductor Market Projected to Reach USD 24.46 Billion by 2033
Base Year: 2024
Forecast Years: 2025-2033
Historical Years: 2019-2024
Market Size in 2024: USD 13.88 billion
Market Forecast in 2033: USD 24.46 billion
Market Growth Rate 2025-2033: 6.50% CAGR
Australia Semiconductor Market Overview
Australia is steadily growing its semiconductor industry, driven by initiatives such as the establishment of the National Semiconductor Fabrication Center and increased R&D investments. These efforts focus on reducing foreign dependency, boosting supply-chain flexibility, and advancing innovations in quantum and compound semiconductor technologies. With pilot operations expected in late 2025 and full-scale production by 2027, Australia is positioning itself as a key contender in the global semiconductor arena.
Australia Semiconductor Market Growth
• Government Initiatives: Launch of the National Semiconductor Manufacturing Hub and allocation of AUD 47.4 million to the Australian National Fabrication Facility to support R&D efforts.
• R&D Investments: Over AUD 51 million allocated through the Cooperative Research Centers Projects (CRC-P) program for projects focusing on compound semiconductors, advanced packaging, and quantum devices.
• Infrastructure Development: Establishment of pilot fabrication facilities at top universities and industry sites to enhance domestic manufacturing capabilities.
• Private Sector Innovation: Growth of companies specializing in quantum and compound semiconductor technologies, contributing to the diversification of the semiconductor ecosystem.
• Market Expansion: Projected increase in market size from USD 13.88 billion in 2024 to USD 24.46 billion by 2033, driven by advancements in technology and increased demand across various sectors.
Australia Semiconductor Market Drivers
• Rising Demand for Consumer Electronics: Increased adoption of smartphones, laptops, and other electronic devices driving the need for semiconductors.
• Growth of IoT Devices: Expansion of the Internet of Things leading to higher demand for sensors and connectivity chips.
• Advancements in 5G Technology: Deployment of 5G networks requiring advanced semiconductor components for infrastructure and devices.
• Automotive Industry Transformation: Shift towards electric and autonomous vehicles necessitating specialized semiconductor solutions for power management and control systems.
• Healthcare Sector Digitization: Integration of semiconductor-based technologies in medical devices and healthcare applications.
• Government Support: Policies and funding aimed at boosting domestic semiconductor manufacturing and R&D activities.
• Strategic Partnerships: Collaborations between research institutions, government agencies, and private companies to accelerate innovation and commercialization.
Request For Sample Report:
https://www.imarcgroup.com/australia-semiconductor-market/requestsample
Australia Semiconductor Market Segmentation:
1. By Components:
• Memory Devices
• Logic Devices
• Analog IC
• MPU
• Discrete Power Devices
• MCU
• Sensors
• Others
2. By Material Used:
• Silicon Carbide
• Gallium Manganese Arsenide
• Copper Indium Gallium Selenide
• Molybdenum Disulfide
• Others
3. By End Use:
• Automotive
• Industrial
• Data Centre
• Telecommunication
• Consumer Electronics
• Aerospace and Defense
• Healthcare
• Others
4. By Region:
• New South Wales
• Victoria
• Queensland
• Australian Capital Territory
• Western Australia
• Others
Browse Full Report with TOC & List of Figures:
https://www.imarcgroup.com/australia-semiconductor-market
Australia Semiconductor Market News:
• In October 2023, the Australian National Fabrication Facility received AUD 47.4 million under the National Collaborative Research Infrastructure Strategy to support semiconductor device R&D with advanced cleanrooms and precision equipment.
• In February 2024, over AUD 51 million was allocated through the Cooperative Research Centers Projects (CRC-P) program for twenty-one R&D projects across compound semiconductors, advanced packaging, and quantum devices.
Key Highlights of the Report:
1. Market Performance (2019-2024)
2. Market Outlook (2025-2033)
3. COVID-19 Impact on the Market
4. Porter's Five Forces Analysis
5. Strategic Recommendations
6. Historical, Current, and Future Market Trends
7. Market Drivers and Success Factors
8. SWOT Analysis
9. Structure of the Market
10. Value Chain Analysis
11. Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
Ask analyst for your customized sample:
https://www.imarcgroup.com/request?type=report&id=36010&flag=E
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No: (D) +91 120 433 0800
United States: +1-201971-6302
About Us:
IMARC Group is a leading market research company providing management strategy and market research worldwide. We partner with clients across all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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