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Global Semiconductor Market by Material Type (Silicon, Germanium, Gallium Arsenide, Silicon Carbide, Gallium Nitride, Gallium Phosphide and Others), By Components(Analog IC, Sensors, Memory Devices, Lighting Devices, Discrete Power Devices and Others), By Process (Water Production, Wafer Fabrication, Doping, Masking, Etching and Thermal Oxidation), By End-User Industry(Networking & Communication, Energy, Automotive, Computing, Consumer Electronic, Sports & Fitness, Mobile Accessories, Gaming, Healthcare and Others), and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa)
Global Semiconductor Market Overview:
Semiconductor refers to the material whose conductivity is between conductor and insulator at an average temperature. Semiconductors are used in integrated circuits, consumer electronics, communication systems, photovoltaic power generation, lighting applications, high-power power conversion, and other fields. Such as diode is a device made of a semiconductor. Whether from the perspective of technology or economic development, the importance of semiconductors is huge. The semiconductor materials, including silicon, germanium, gallium arsenide, etc., and silicon is the most influential one among various semiconductor materials in commercial applications.
Global Semiconductor Market Insights
The global semiconductor market was valued at USD 487.3 Billion in 2018 and projected to reach USD 624.36 Billion in 2027, registering a CAGR of 3.49% from 2020-2027. This is primarily attributed to factors such as the growing adoption of semiconductor in various industries such as data processing, communications, consumer electronics, automotive, comprising both light vehicles and trucks; and industrial including infrastructure, rail services, the military, fossil, and regenerative energy, smart grids, etc. Additionally, the growing demand for solid-state storage and smartphones and PCs projected to impact the robust growth of the global semiconductor market in the future timeline. Moreover, the surge in demand for various semiconductors in the automotive industry, such as microcontrollers (MCUs), sensors and memory, automation, electrification, digital connectivity, and security, will lead to propel the growth of global semiconductor market size in the future periods.
Furthermore, the growth in artificial intelligence-related industry and demand for ethernet equipment, network processors, and application-specific integrated circuits will trigger the global semiconductor market share in the upcoming periods. The epidemic situation of the new coronavirus pneumonia tends to spread globally. The number of confirmed infections in various parts of the world continues to rise. Japan, South Korea, Italy, and other countries have further serious trends. It will inevitably have a specific impact on the global semiconductor market and supply chain. Also, the development of key industries such as 5G and AI and the demand for new energy vehicles and cloud servers will foster the growth of the global semiconductor industry in the forecast span.
Growth Driver
The surge in demand for Semiconductor in the automotive industry
Advances in technology such as AI, electric vehicles (EVs), autonomous driving, energy storage, and security; social awareness of issues such as safety and ridesharing; environmental concerns like pollution; and economic considerations including infrastructure spending and growth in Asian markets are all set to reshape the automotive industry. Semiconductor vendors, in particular, are actively developing a wide range of microchips, fusion, and system-on-a-chip devices incorporating AI and machine learning technologies.
Semiconductor demand for both traditional vehicles and EVs/hybrid electric vehicles (HEVs) and many sensors and controls are required to run an engine efficiently and significantly.
Huge application potential of AI in various end-user industry
The application-level sits at the apex, providing services such as autonomous driving, smart robotics, smart security, and virtual assistance. Additionally, the growing demand for AI chips in the smartphone, autonomous driving, and smart surveillance systems will influence the growth of the semiconductor in the forecast period.
Material Type Segmental Analysis
Based on material type, the global semiconductor market classified into Silicon, Germanium, Gallium Arsenide, Silicon Carbide, Gallium Nitride, Gallium Phosphide, and Others. The silicon segment exhibited higher growth potential and projected to gain a significant share in the semiconductor market by 2027. It is due to silicon used in transistors, printed circuit boards, and integrated circuits. Additionally, owing to its resistance to very high temperature and current, it is used in diodes, thyristors, IGBT, MOSFET transistors, etc.
The gallium Arsenide segment will witness a significant growth rate during the forecast period. It is attributable to the applications of gallium arsenide in infrared emitting diodes, laser diodes, integrated circuits at microwave frequencies, and photovoltaic cells.
Components Segmental Analysis
Based on components, the global semiconductor market segregated into Analog IC, Sensors, Memory Devices, Lighting Devices, Discrete Power Devices, compound semiconductors and Others. The sensors segment held a higher market revenue share in 2019 and will grow with a lucrative rate in the forecast period. It is attributable to the semiconductor sensors used in various industries such as optical sensors, pressure sensors, gas sensors, and in smartphones as touch, acceleration, magnetic reading, and proximity sensors.
The memory devices segment will grow with a significant rate in the forecast period due to the semiconductor use as various memory technique such as PROM, EPROM, EEPROM, Flash memory, and DRAM.
Process Segmental Analysis
Based on the process, the global Semiconductor Market classified into Water Production, Wafer Fabrication, Doping, Masking, Etching, and Thermal Oxidation. The Wafer Fabrication segment gain a major share in 2019 and estimated to dominate the semiconductor market by 2027. It is owing to it is used for the production of electrical or photonic circuits on semiconductor wafers, including the production of radio frequency (RF) amplifiers, LEDs, optical computer components, and CPUs for computers.
End-User Industry Segmental Analysis
Based on the end-user industry, the global semiconductor market categorized into networking & communication, energy, automotive, computing, consumer electronics, sports & fitness, mobile accessories, gaming, healthcare, and others. The networking & communication segment exhibits the largest market share in 2019 and expected to gain maximum revenue by 2027. It is owing to the huge demand for semiconductors in dc-dc controllers, converters, & regulators; clock generation; clock & data distribution; standard logic; thermal management; voltage & current management; digital potentiometers; and interfaces.
The energy segment will be the fastest-growing segment during the forecast period, attributable to semiconductor used in photovoltaic devices, photoelectrochemical cells, photocatalysis, and artificial photosynthesis.
Region Segmental Analysis
Based on geography, the global Semiconductor Market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America projected to provide significant growth opportunities by 2027 due to the growing adoption of semiconductors in various industries such as automotive, energy, automotive, computing, consumer electronics, and healthcare industries. Additionally, the increasing application of AI-based product solutions and services will spur the North America semiconductor industry.
The Asia Pacific will be the fastest-growing segment owing to the huge growth of automotive, energy, and consumer industries.
Competitor Analysis
Companies such as Qualcomm, Samsung Electronics, Toshiba Corporation, Micron Technology, Intel Corporation, Texas Instruments, and SK Hynix Inc. are the key players in the Global Semiconductor Market.
Key Stakeholders
- Market research and consulting firms
- Industry associations
- Global Semiconductor manufacturing firm
- Research organizations and consulting companies
- Organizations, associations, and alliances related to semiconductor
- Regulatory bodies
- Suppliers
- Retailers
Recent Developments
- In August 2021, Tata Sons plan to start manufacturing semiconductors at its Hosur facility under Tata Electronics, taking advantage of a change in supply chain dynamics and a worldwide chip shortage globally.
- In August 2021, SnapEDA helps manufacturers find alternate chips as it designs various catalogs of semiconductor components due to semiconductor shortages.
- In August 2021, Lanza tech venturesbecame a member of the Global Semiconductor Alliance (GSA), whose Membership provides a launchpad for collaboration and innovation to speed up industry growth.
The objective of the Research
- Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
- Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.
Market Modelling
By Material Type
- Silicon
- Germanium
- Gallium Arsenide
- Silicon Carbide
- Gallium Nitride
- Gallium Phosphide
- Others
By Components
- Analog IC
- Sensors
- Memory Devices
- Lighting Device
- Discrete Power Devices
- Others
By Process
- Water Production
- Wafer Fabrication
- Doping, Masking
- Etching
- Thermal Oxidation
By End-User Industry
- Networking & Communication
- Energy
- Automotive
- Computing
- Consumer Electronic
- Sports & Fitness
- Mobile Accessories
- Gaming
- Healthcare
- Others
By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
Global Semiconductor Market
Report Content
- Research Strategic Development
- Market Modelling
- Product Analysis
- Market Trend and Economic Factors Analysis
- Market Segmental Analysis
- Geographical Mapping
- Country Wise Segregation
- Research Methodology
- Identification of Target Market
- Data Acquisition
- Refining of Data/ Data Transformations
- Data Validation through Primary Techniques
- Exploratory Data Analysis
- Graphical Techniques/Analysis
- Quantitative Techniques/Analysis
- Visual Result/Presentation
- Executive Summary
- Market Insights
- Supply Chain Analysis
- Economic Factor Analysis
- Drivers
- Trends
- Opportunities
- Challenges
- Technological Landscape
- Competitors & Product Analysis
- Export-Import Analysis
- Regulatory Framework
- Company market share analysis, 2019
- Porter’s Five forces analysis
- New Investment Analysis
- PESTEL Analysis
- Global Semiconductor Market Overview
- Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Market Share & Forecast, 2016-2027
- By Material Type
- Silicon
- Germanium
- Gallium Arsenide
- Silicon Carbide
- Gallium Nitride
- Gallium Phosphide
- Others
- By Components
- Analog IC
- Sensors
- Memory Devices
- Lighting Device
- Discrete Power Devices
- Others
- By Process
- Water Production
- Wafer Fabrication
- Doping, Masking
- Etching
- Thermal Oxidation
- By End-User Industry
- Networking & Communication
- Energy
- Automotive
- Computing
- Consumer Electronic
- Sports & Fitness
- Mobile Accessories
- Gaming
- Healthcare
- Others
- By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- By Material Type
- Demand
- Market Size & Forecast, 2016-2027
- North America Semiconductor Market Overview
- North America Semiconductor Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- North America Semiconductor Market Share & Forecast, 2016-2027
- By Material Type
- Silicon
- Germanium
- Gallium Arsenide
- Silicon Carbide
- Gallium Nitride
- Gallium Phosphide
- Others
- By Components
- Analog IC
- Sensors
- Memory Devices
- Lighting Device
- Discrete Power Devices
- Others
- By Process
- Water Production
- Wafer Fabrication
- Doping, Masking
- Etching
- Thermal Oxidation
- By End-User Industry
- Networking & Communication
- Energy
- Automotive
- Computing
- Consumer Electronic
- Sports & Fitness
- Mobile Accessories
- Gaming
- Healthcare
- Others
- By Country
- US
- Canada
- Mexico
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on North America Semiconductor Market
- By Material Type
- Demand
- North America Semiconductor Market Size & Forecast, 2016-2027
- Europe Semiconductor Market Overview
- Europe Semiconductor Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Europe Semiconductor Market Share & Forecast, 2016-2027
- By Material Type
- Silicon
- Germanium
- Gallium Arsenide
- Silicon Carbide
- Gallium Nitride
- Gallium Phosphide
- Others
- By Components
- Analog IC
- Sensors
- Memory Devices
- Lighting Device
- Discrete Power Devices
- Others
- By Process
- Water Production
- Wafer Fabrication
- Doping, Masking
- Etching
- Thermal Oxidation
- By End-User Industry
- Networking & Communication
- Energy
- Automotive
- Computing
- Consumer Electronic
- Sports & Fitness
- Mobile Accessories
- Gaming
- Healthcare
- Others
- By Country
- Germany
- UK
- France
- Italy
- Rest of Europe
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Europe Semiconductor Market
- By Material Type
- Demand
- Europe Semiconductor Market Size & Forecast, 2016-2027
- Asia Pacific Semiconductor Market Overview
- Asia Pacific Semiconductor Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Consumption
- By Volume (Thousands Unit)
- Supply/Production
- By Volume (Thousands Unit)
- Asia Pacific Semiconductor Market Share & Forecast, 2016-2027
- By Material Type
- Silicon
- Germanium
- Gallium Arsenide
- Silicon Carbide
- Gallium Nitride
- Gallium Phosphide
- Others
- By Components
- Analog IC
- Sensors
- Memory Devices
- Lighting Device
- Discrete Power Devices
- Others
- By Process
- Water Production
- Wafer Fabrication
- Doping, Masking
- Etching
- Thermal Oxidation
- By End-User Industry
- Networking & Communication
- Energy
- Automotive
- Computing
- Consumer Electronic
- Sports & Fitness
- Mobile Accessories
- Gaming
- Healthcare
- Others
- By Country
- China
- India
- Japan
- Australia
- Rest of Asia Pacific
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Asia Pacific Semiconductor Market
- By Material Type
- Demand
- Asia Pacific Semiconductor Market Size & Forecast, 2016-2027
- South America Semiconductor Market Overview
- South America Semiconductor Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- South America Semiconductor Market Share & Forecast, 2016-2027
- By Material Type
- Silicon
- Germanium
- Gallium Arsenide
- Silicon Carbide
- Gallium Nitride
- Gallium Phosphide
- Others
- By Components
- Analog IC
- Sensors
- Memory Devices
- Lighting Device
- Discrete Power Devices
- Others
- By Process
- Water Production
- Wafer Fabrication
- Doping, Masking
- Etching
- Thermal Oxidation
- By End-User Industry
- Networking & Communication
- Energy
- Automotive
- Computing
- Consumer Electronic
- Sports & Fitness
- Mobile Accessories
- Gaming
- Healthcare
- Others
- By Country
- Brazil
- Argentina
- Rest of South America
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on South America Semiconductor Market
- By Material Type
- Demand
- South America Semiconductor Market Size & Forecast, 2016-2027
- Middle East & Africa Semiconductor Market Overview
- Middle East & Africa Semiconductor Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Consumption
- By Volume (Thousands Unit)
- Supply/Production
- By Volume (Thousands Unit)
- Middle East & Africa Semiconductor Market Share & Forecast, 2016-2027
- By Material Type
- Silicon
- Germanium
- Gallium Arsenide
- Silicon Carbide
- Gallium Nitride
- Gallium Phosphide
- Others
- By Components
- Analog IC
- Sensors
- Memory Devices
- Lighting Device
- Discrete Power Devices
- Others
- By Process
- Water Production
- Wafer Fabrication
- Doping, Masking
- Etching
- Thermal Oxidation
- By End-User Industry
- Networking & Communication
- Energy
- Automotive
- Computing
- Consumer Electronic
- Sports & Fitness
- Mobile Accessories
- Gaming
- Healthcare
- Others
- By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Middle East & Africa Semiconductor Market
- By Material Type
- Demand
- Middle East & Africa Semiconductor Market Size & Forecast, 2016-2027
- Competitor Analysis
- Company Description
- Financial Analysis
- Key Products
- Key Management Personnel
- Contact Address
- SWOT Analysis
- Company Profile
- Qualcomm
- Samsung Electronics
- Toshiba Corporation
- Micron Technology
- Intel Corporation
- Texas Instruments
- SK Hynix Inc.
- Texas Instruments
- Toshiba
- NXP
- MediaTek
- Western Digital
- STMicroelectronics
- Infineo
- Sony
- Analog Devices.
- Other Prominent Players
Frequently Asked Questions (FAQ):
The global semiconductor market is valued at USD 534.2 billion in 2020 and is expected to reach USD 624.36 billion by 2027.
The surge in demand for Semiconductors in the automotive industry and the huge application potential of AI in the various end-user industries are the key factors contributing to the progress of the Global Semiconductor Market.
North America leads the market globally. The Asia Pacific region will lead the market during the forecasted period due to the massive growth of automotive, energy, and consumer industries.
Data latency, Customer-specific needs, chip shortages are the challenges in the global Semiconductor market.
By Components, the global semiconductor market is segmented as Analog IC, Sensors, Memory Devices, Lighting Devices, Discrete Power Devices, and Others.
