Semiconductor Market to be dominated by Integrated Circuits till 2026
Increased demand for
microchips and the development of smart cities are expected to drive the demand
for global semiconductor market for the forecast period.
According to TechSci Research report, “Semiconductor
Market - Global Industry Size, Share, Trends, Opportunity and Forecast,
2016-2026 Segmented By Type (Integrated Circuits (Logic, Memory, Micro,
Analog), Sensors, Optoelectronics, Discrete Semiconductors), By Process
(Doping, Wafer Fabrication, Masking, Etching, Others), By Application (Networking
& Communication, Healthcare, Automotive, Consumer electronics, Industrial,
Smart Grid, Gaming and Others) and By Region”, the global semiconductor
market is expected to witness steady growth for the forecast period, 2022-2026.
The development of wireless connected devices and the high demand for advanced
consumer electronic devices are contributing to the market growth. The
continuous rise in the population and rapid urbanization are fueling the demand
for home appliances around the globe. Integrated circuit chips are used in
several electronic devices such as washing machines, refrigerators,
smartphones, laptops, and others, and the high-end investment of the market
players for the development of advanced semiconductor devices is expected to
accelerate the global semiconductor market.
However, the tariffs imposed on the import and export
activities may restrain the global semiconductor market growth for the next
five years.
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in-depth TOC on "Global Semiconductor Market”.
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Global
semiconductor market is segmented into type, process, application, regional
distribution, and company. Based on type, the market is divided into integrated
circuits, sensors, optoelectronics, and discrete semiconductors. The integrated
circuits segment is expected to hold a significant market share for the
forecast period, 2022-2026. The integrated circuits segment is further divided
into logic, memory, micro, and analog. The demand for memory devices due to the
ongoing technological advancements such as cloud computing, artificial
intelligence, and their integration in the end-user devices is fostering the
demand for semiconductors. Logic devices are used in application-specific
integrated circuits and application-specific signal processors, thereby accelerating
market demand. Microprocessor and microcontroller segment is used in IoT-based
electronic devices and powerful processors and controllers. Analog integrated
devices are in high demand in the communication and networking industry. The
rising demand for discrete power devices and the flourishing automotive
industry are driving the analog integrated circuit demand. Based on
application, the market is divided into networking & communication,
healthcare, automotive, consumer electronics, industrial, smart grid, gaming,
and others. The networking and communication segment is expected to account for
the largest market share for the next five years. The use of semiconductors in
the deployment of 5G technology and the manufacturing of smartphones is the major
contributing factor. The devices required in the wired communication, such as
switches, adapters, controllers, are made by using semiconductors. Wireless
communication includes the use of semiconductors in wireless local area network
adapters, mobile Wi-Fi chips, Bluetooth transceivers, global positioning system
receivers, near-field communication chips, and others. With the development and
the growing demand for wireless technology to establish fast connections
between devices, the demand for semiconductors is expected to rise for the next
five years.
Qualcomm
Inc., Samsung Electronics Co. Ltd., Infineon Technologies AG, Intel
Corporation, NXP Semiconductors NV, Texas Instruments Incorporated, SK hynix
Inc., Micron Technology, Inc., Taiwan Semiconductor Manufacturing Company
Limited, NVIDIA Corp., Broadcom, Inc., ST Microelectronics, Advanced
Semiconductor Engineering, Inc., ON Semiconductor Corporation, Advanced Micro
Devices, Inc are the leading players operating in global semiconductor market. Manufacturers
are increasingly focusing on research and development process to fuel higher
growth in the market. To meet evolving customer demand with respect to better
efficiency and durability, several semiconductor manufacturers are coming up
with their technologically advanced offerings.
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“The
growing demand for electric vehicles around the globe, owing to the rise in
consumers' awareness regarding environmental pollution and surging oil prices,
is influencing the demand for semiconductors. Leading authorities around the
globe are providing incentives and income tax rebates to electric vehicle
manufacturers, which is further fueling the development of electric vehicle
charging infrastructure. Semiconductors are used to integrate innovative
features in electric vehicles and increase battery life, and with the growing
demand for electric vehicles, the global semiconductor market is expected to
witness significant growth till 2026” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Semiconductor
Market - Global Industry Size, Share, Trends, Opportunity and Forecast,
2016-2026
Segmented
By Type (Integrated Circuits (Logic, Memory, Micro, Analog), Sensors,
Optoelectronics, Discrete Semiconductors), By Process (Doping, Wafer
Fabrication, Masking, Etching, Others), By Application (Networking &
Communication, Healthcare, Automotive, Consumer electronics, Industrial, Smart
Grid, Gaming and Others) and By Region” has evaluated
the future growth potential of global semiconductor market and provided
statistics & information on market size, shares, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers, challenges,
and opportunities in the of global semiconductor market.
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