The Semiconductor and Circuit Manufacturing Market is projected to reach $1,056.7 billion by 2031
Meticulous
Research®—a leading global market research company, published a research report
titled, ‘Semiconductor
and Circuit Manufacturing Market by Component (Memory, Logic, Analog, Micro), Semiconductor
(Intrinsic, Extrinsic), Material (Silicon, Germanium), Application (Consumer,
Automotive, Industrial), & Geography - Global Forecast to 2031.’
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free sample report here:https://www.meticulousresearch.com/download-sample-report/cp_id=5092?utm_source=article&utm_medium=social+&utm_campaign=product&utm_content=27-09-2024
According to this latest publication from Meticulous
Research®, the global semiconductor and circuit manufacturing market is
projected to reach $1,056.7
billion by 2031, at a CAGR of 8.7% during the forecast period. The
growth of the semiconductor and circuit manufacturing market is attributed to
the growing technological advancements with rising acceptance of connected
devices, increasing government initiatives aimed at boosting the semiconductor
industry, and increasing utilization of semiconductors in EV manufacturing.
However, the complexity of patterns and functional defects in semiconductor
chips restrain the market’s growth.
Moreover, the adoption of 5G technology and
increasing integration of AI and ML technologies are significant opportunities
for the growth of the global semiconductor and circuit manufacturing market.
However, the construction of user-friendly designs with thin film coating to
maintain easy integration and the shortage of skilled workforce may hinder the
market's growth.
Key
Findings in the Global Semiconductor and Circuit Manufacturing Market Study:
The Memory
Segment to Register the Highest CAGR During the Forecast Period
Based on component, the
memory segment is projected to register the highest CAGR during the forecast
period. The segment’s growth can be attributed to the increasing demand for
electronic devices, growing developments by market players in disruptive technologies,
including AI, big data analytics, and cloud computing, the growing
proliferation of smartphones, and the rising adoption of memory devices in data
centers.
In 2024, the Extrinsic
Semiconductor Segment is Expected to Dominate the Global Semiconductor and
Circuit Manufacturing Market
Based on type, the global
semiconductor and circuit manufacturing market is segmented into intrinsic
semiconductors and extrinsic semiconductors. In 2024, the extrinsic
semiconductor segment is expected to account for the largest share of the
global semiconductor and circuit manufacturing market. The large market share
of this segment is attributed to the constantly growing demand from the energy
sector coupled with the rising usage of extrinsic semiconductors in power
electronics devices and the high demand and criticality of these semiconductors
in the fabrication process of advanced electronics components such as
transistors, diodes, and integrated circuits, among others.
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The Silicon Carbide
Segment to Register the Highest CAGR During the Forecast Period
Based on material type,
the silicon carbide segment is projected to register the highest CAGR during
the forecast period. The segment's growth is attributed to the increasing usage
of power electronics devices, the increasing implementation of EV motors, and
the growing demand for SiC-based photovoltaic cells, particularly in developing
countries.
In 2024, the Data
Processing Electronics Segment is Expected to Dominate the Global
Semiconductor and Circuit Manufacturing Market
Based on application, the
global semiconductor and circuit manufacturing market is segmented into data
processing electronics, communication electronics, consumer electronics,
automotive electronics, industrial electronics, and military and civil aerospace.
In 2024, the data processing electronics segment is expected to account for the
largest share of the global semiconductor and circuit manufacturing market. The
large market share of this segment is attributed to the high demand for
semiconductors in data processing electronics devices, including computers,
ultra-mobiles, tablets, servers, and storage devices. In addition, the
proliferation of mobile phones and other connected devices is expected to
accelerate the demand for memory and storage devices, in turn encouraging the
growth of the semiconductor devices market for data processing electronics
applications.
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sample report here:
Asia-Pacific is
Expected to Register the Highest CAGR During the Forecast Period
Based on geography,
Asia-Pacific is projected to register the highest CAGR during the forecast
period. This region's growth is attributed to the presence of multiple local
and international market players, high consumption of semiconductors and
circuits by major electronic components and telecommunication hardware
manufacturers, increasing adoption of solar panels and electric vehicles, and
the large scale of the electronics manufacturing industry in the region.
Key Players
The report includes a
competitive landscape based on an extensive assessment of the key growth
strategies adopted by major market players in the last three to four years. The
key players profiled in the global semiconductor and circuit manufacturing market
study are Samsung Electronics Co., Ltd. (South Korea), Intel Corporation
(U.S.), Taiwan Semiconductor Manufacturing Company (Taiwan), SK Hynix, Inc.
(South Korea), Micron Technology, Inc. (U.S.), Broadcom, Inc. (U.S.), Qualcomm
Technologies, Inc. (U.S.), Texas Instruments, Inc. (U.S.), Toshiba Corporation
(Japan), NVIDIA Corporation (U.S.), Semiconductor Components Industries, LLC
(U.S.), Advanced Micro Devices, Inc. (U.S.), Analog Devices, Inc. (U.S.),
Renesas Electronics Corporation (Japan), and NXP Semiconductors N.V.
(Netherlands).
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