Microelectronics Market Report: Trends, Forecast and Competitive Analysis to 2030

Microelectronics Trends and Forecast

The future of the global microelectronics market looks promising with opportunities in the aerospace and defense, medical, construction, and automotive markets. The global microelectronics market is expected to reach an estimated $806.9 billion by 2030 with a CAGR of 7.0% from 2024 to 2030. The major drivers for this market is that IoT is being adopted more widely across several sectors., the usage of microelectronics devices is rising and applications expanding in the automotive, electronic, and construction sectors due to its low cost.

A more than 150-page report is developed to help in your business decisions.

Microelectronics by Segment

The study includes a forecast for the global microelectronics by type, software & algorithm, product, end use industry, and region.

Microelectronics Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Transistors
• Capacitors
• Inductors
• Resistors
• Insulators

Microelectronics Market by Software & Algorithm [Shipment Analysis by Value from 2018 to 2030]:

• Behavioral
• Proactive

Microelectronics Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Lighting Control
• Security and Access Control
• Entertainment Control
• HVAC Control
• Other

Microelectronics Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Aerospace and Defense
• Medical
• Construction
• Automotive
• Others

Microelectronics Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Microelectronics Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies microelectronics companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the microelectronics companies profiled in this report include-

• Honeywell International
• United Technologies Corporation
• Johnson Controls
• Ingersoll Rand
• Schneider Electric
• Acuity Brands
• Adt Corporation
• Control4 Corporation
• Crestron Electronics
• Cisco Systems

Microelectronics Market Insights

Lucintel forecasts that transistors is expected to witness highest growth over the forecast period.

Within this market, medical will remain the largest segment.

North America is expected to witness highest growth over the forecast period.

Features of the Global Microelectronics Market

Market Size Estimates: Microelectronics market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Microelectronics market by various segments, such as by type, software & algorithm, product, end use industry and region in terms of($B).

Regional Analysis: Microelectronics market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, software & algorithm, product, end use industry, and regions for the microelectronics market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the microelectronics market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the microelectronics market size?

Answer: The global microelectronics market is expected to reach an estimated $806.9 million by 2030.

Q.2 What is the growth forecast for microelectronics market?

Answer: The global microelectronics market is expected to grow with a CAGR of 7.0% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the microelectronics market?

Answer: The major drivers for this market is that IoT is being adopted more widely across several sectors., the usage of microelectronics devices is rising and applications expanding in the automotive, electronic, and construction sectors due to its low cost.

Q4. What are the major segments for microelectronics market?

Answer: The future of the microelectronics market looks promising with opportunities in the aerospace and defense, medical, construction, and automotive markets.

Q5. Who are the key microelectronics market companies?

Answer: Some of the key microelectronics companies are as follows.

• Honeywell International
• United Technologies Corporation
• Johnson Controls
• Ingersoll Rand
• Schneider Electric
• Acuity Brands
• ADT Corporation
• Control4 Corporation
• Crestron Electronics
• Cisco Systems

Q6. Which microelectronics market segment will be the largest in future?

Answer: Lucintel forecasts that transistors is expected to witness highest growth over the forecast period.

Q7. In microelectronics market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the microelectronics market by type (transistors, capacitors, inductors,resistors, and insulators), software & algorithm (behavioral and proactive), product (lighting control, security and access control, entertainment control, HVAC control, and other), end use industry (aerospace and defense, medical, construction, automotive, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?