As semiconductors become the fundamental building elements of all modern technology, the semiconductor business is expanding quickly. All downstream technologies are being directly impacted by the developments and discoveries in this field.
Semiconductor Industry Landscape Market is presently worth USD 471.3 billion and is poised to amplify at a CAGR of 7.6% over 2022-2030, thereby amassing a valuation of USD 911.1 billion by end of the assessment timeline.
The globe employs an increasing number of semiconductor components. Many modern technical products, including smartphones, tablets, flat-screen monitors and television sets, high-end automobiles, futuristic aeroplanes, and numerous medical devices, are built around chips. Modern, cutting-edge digital devices are powered by semiconductors, which are essential technological enablers.
Due to the fact that just five nations—China, Taiwan, Japan, South Korea, and the United States—supply semiconductors, the electronics and automotive industries are suffering as a result of the scarcity. These nations are struggling with a large mismatch between supply and demand. The development to certification cycles for chipmakers are extensive. With the market players at odds, it is difficult to monitor and coordinate changes in the market. The supply-demand balance is far too shaky. Due to the rising use of video games and personal computers, the consumer electronics industry consumes a lot of chips. However, there shouldn't be any restrictions on automakers' ability to build vehicles.
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Segmental assessment of the market
By Component
- Memory Devices
- Logic Devices
- Analog IC
- MPU
- Discrete Power Devices
- MCU
- Sensors
- Others
The memory devices segment is slated to amass notable gains over the stipulated timeline owing to the rising adoption of smart devices across the globe.
By Application
- Networking Communications
- Data Processing
- Industrial
- Consumer Electronics
- Automotive
- Government
Key Competitors:
The primary players constituting the competitive terrain of this marketplace are Broadcom, Inc. (U.S.), Intel Corporation (U.S.), Qualcomm (U.S.), Samsung Electronics (South Korea), SK Hynix (South Korea), Taiwan Semiconductors (Taiwan), Texas Instruments (U.S.), Toshiba Corporation (Japan), Maxim Integrated Products, Inc. (U.S.), Micron Technology (U.S.), NVIDIA Corporation (U.S.), and NXP Semiconductors N.V. (Netherlands).
Notably, in September 2021, Toshiba Electronic Devices Storage Corporation announced the launch of its M4G Group of Arm Cortex-M4 Microcontrollers range. This product is aimed at providing high-speed data for processing products incorporated in the TXZ+TM Family Advanced Class.
COVID-19 Impact:
Due to the increase in demand for smartphones and other smart devices, the COVID-19 pandemic has had a beneficial impact on the semiconductor industry landscape market. Nearly all businesses and organisations began operating virtually. The initiation of online lessons for pupils was mandated for schools. As a result, there was a significant growth in demand for cellphones, which benefited the semiconductor industry landscape market. In the midst of the COVID-19 epidemic, demand for data centres, especially edge services, increased considerably on a global scale. To take advantage of this chance, many providers of data centre services began to enlarge their buildings and server layouts. In this regard, the demand for memory components is also on the rise due to a number of factors, including the expansion of cloud computing, the rising demand for AI and HPC, and the expanding use of cutting-edge GPUs and CPUs, among others.
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