Global Semiconductors Market Size, Share, Growth Analysis, By Components(Memory Devices, Logic Devices), By Application(Networking & Communications, Data Processing), By Region(North America, Europe) - Industry Forecast 2022-2028

Global Semiconductors Market size was valued at USD 429 billion in 2021 and is poised to grow from USD 466.32 billion in 2022 to USD 908.92 billion by 2030, growing at a CAGR of 8.7% in the forecast period (2023-2030).

Semiconductors are materials that serve as an intermediary between a conductor and an insulator for electric connectivity. With the world becoming more technologically oriented and technology becoming more deeply integrated into our lives, demand for semiconductors has skyrocketed over the last decade and is likely to continue to rise as technology's uses expand. As a result, the demand for worldwide semiconductors is increasing.

Top-down and bottom-up approaches were used to estimate and validate the size of global Semiconductors Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to get the final quantitative and qualitative data.

Segments covered in this report

The global semiconductors market is segmented based on Components, Applications and Region. Based on the Components, the semiconductors industry is segmented into Memory Devices, Logic Devices, Analog IC, MPU, Discrete Power Devices, MCU, Sensorsand Others. Based on the Application Channel, the global semiconductors market has been segmented into Networking & Communications, Data Processing, Industrial, Consumer, Electronics, Automotive and Government. Based on Region Semiconductors Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Driver

Rising consumer electronics usage, rising disposable incomes, and an ever-increasing population will help the worldwide semiconductors industry grow during the forecast period.

The increased demand for integrated circuits will drive the global semiconductors market forward.

Restraint

Shifting worldwide trade practises are projected to stymie the expansion of the global semiconductors market. Recently, the reliance on the global supply chain and geopolitics has been a key constraint. Furthermore, tariff interruptions will impede global semiconductor market growth.

Market Trends

Technological advancements such as artificial intelligence, the Internet of Things, and wirelessly connected gadgets are increasing global demand for semiconductors. These chips are becoming more powerful and efficient, which is increasing the value of the worldwide semiconductors market.

Because of the country's well-established manufacturing and assembly factories, China is projected to see considerable demand for mobile chips. These factories contain investments from leading technology companies such as Apple, OnePlus, and others, and are expected to boost worldwide semiconductor market sales.