The electronics and semiconductors market is a crucial technology in today's world, driving advancements in consumer electronics, automotive and healthcare, telecommunication, and industrial applications. In the backdrop of growing interest in high-performance computing, the Internet of Things (IoT), artificial intelligence, and 5G, the market continues to move forward with fresh developments and green practices of manufacture.
The electronics and semiconductors market size worldwide was about $650 billion in 2023. It is expected to expand at a CAGR of 7.5% from 2024 to 2030, supported by an upsurge in the use of smart, efficient devices, AI integrated with devices, and fast searches that are high-speed computing.
The electronics and semiconductors market is a crucial technology in today's world, driving advancements in consumer electronics, automotive and healthcare, telecommunication, and industrial applications. In the backdrop of growing interest in high-performance computing, the Internet of Things (IoT), artificial intelligence, and 5G, the market continues to move forward with fresh developments and green practices of manufacture.
The electronics and semiconductors market size worldwide was about $650 billion in 2023. It is expected to expand at a CAGR of 7.5% from 2024 to 2030, supported by an upsurge in the use of smart, efficient devices, AI integrated with devices, and fast searches that are high-speed computing.
The electronics and semiconductors industry comes up with ideas for, makes, and sells electronic equipment like processors and integrated circuits, embedded systems, and semiconductor parts that are used in many tech products. The sector is crucial for improving the efficiency of nations by supporting advances in working computing integration and communication.
1. Semiconductors
◦ Types of memory (e.g., DRAM, NAND Flash)
◦ Central processors and controllers
◦ Power semiconductors
◦ Radio frequency and analog semiconductors
2. Consumer Electronics
◦ Mobile devices
◦ Personal computers
◦ Smart devices
◦ Wearable devices
3. Automotive Electronics.
◦ Advanced Driver Assistance Systems (ADAS)
◦ Electric Vehicle (EV) components
◦ Infotainment
4. Industrial and IoT Electronics
◦ Sensors and actuators
◦ Systems in packaging
◦ Robotic systems for industry
5. Telecommunications and networking
◦ Fifth Generation (5G) communication systems
◦ Components for optical transport networks
◦ Equipment for data centers
1. Increasing demand for AI-based processors
◦ Growing market share of AI coprocessors and NPUs
◦ Increasing use of edge computing for implementation of AI in real time
2. Advances in 5G and other connectivity solutions
◦ The availability of 5G networks increases semiconductor needs.
◦ The growing demand for high microwave and millimeter wave components
3. The Uprising of Quantum Computing and Future Processors
◦ Investigating quantum chips that would enhance performance
◦ Prepping for the availability 3nm & 2nm processes
4. There is an emphasis on the strengths of the chip supply chain.
◦ Policymakers are funding local chip productions to minimize reliance on the international supply chain.
◦ Use of artificial intelligence and machine learning: Chips powered by AI have revolutionized domains like healthcare, the automotive industry, and even finance.
◦ More Semiconductor Fabrication Capacity Will Be Needed: Especially due to the catastrophic global chip shortage that spurred the manufacturing capacity raid of the decade in several countries.
◦ Auto Exports to Grow: The growing relevance of the travel-stacking EVs, as well as autonomous models, calls for exemplary semiconductor chip components.
◦ Environmentally Friendly Electronics: There is an increased focus on eco-design and product development with less use of hazardous substances in semiconductors and a reduction in the production of consumer electronics concerning e-waste.
◦ Asia-Pacific as a Semi-Control: Semiconductor manufacturing is mostly handled by some Asian nations such as China, Taiwan, and South Korea.
Based on Semiconductor Type:
◦ Mixed Signal (Analog & Digital) Integrated Circuits (IC)
◦ Light Sensor & Audio / Visual, laser
◦ Semiconductors
Based on the application:
◦ Consumer Electronics
◦ Automobiles & Transportation
◦ Wiega
◦ Healthcare Industry
◦ Telecom
1. Intel Corporation (United States of America)
2. Samsung Electronics Co., Ltd. (South Korea)
3. TSMC (Taiwan Semiconductor Manufacturing Co.) (R.O.C. / Taiwan)
4. NVDIA (NVDIA Incorporated—USA)
5. Qualcomm Incorporated (United States of America)
6. Broadcom (USA)
7. Texas Instruments Incorporated (USA)
8. SK Telemetry & Electronics (South Korea)
9. Micron Technology Inc. (USA)
10. Sony Electronics Inc. (Japan)