NEW YORK, Jan. 30, 2023 /PRNewswire/ -- According to Technavio, the global semiconductor market size is estimated to grow by USD 156.39 billion from 2021 to 2026. The market is estimated to grow at a CAGR of 5.08% during the forecast period. Moreover, the growth momentum will accelerate. APAC will account for 75% of the growth of the global market during the forecast period. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. To know more, buy the report!
Global semiconductor market - Five forces
The global semiconductor market is fragmented, and the five forces analysis covers–
- Bargaining power of buyers
- The threat of new entrants
- Threat of rivalry
- Bargaining power of suppliers
- Threat of substitutes
- For interpretation of Porter's five forces model – Request a sample report
Global semiconductor market – Customer landscape
The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global semiconductor market - Segmentation assessment
Segment overview
Technavio has segmented the market based on product (ICs, optoelectronics, discrete semiconductors, and sensors).
- The ICs segment will account for a significant share of the growth of the global market during the forecast period. The segment is driven by the growing investments in Industry 4.0 initiatives owing to the increasing demand for automation in various industries. This, in turn, will fuel the demand for a wide range of semiconductor devices, including voltage regulators, amplifiers, and data converters. Thus, vendors are focusing on expanding their analog IC portfolio to cater to the demand, which will have a positive impact on the segment during the forecast period.
Geography overview
Based on geography, the global semiconductor market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global semiconductor market.
- APAC will account for 75% of the market's growth during the forecast period. China, South Korea, Taiwan, and Singapore are the key countries for the semiconductor market in the region. However, market growth in this region will be slower than the growth of the market in South America. The rise in the disposable income of people is expected to increase the demand for automobiles and electronics and electrical devices, which will drive the semiconductor market growth in APAC during the forecast period
Global semiconductor market – Market dynamics
Key factor driving market growth
- The growing adoption of IoT devices is driving the semiconductor market growth.
- The IoT ecosystem is expanding rapidly, which is leading to the implementation of smart devices such as smart security solutions, smart parking management systems, autonomous guided vehicles, autonomous mobile robots, and smart robots.
- The rise in the number of connected devices provides opportunities for vendors to offer products and services, develop robust IoT infrastructure, and gain revenue.
- These factors will fuel the market growth during the forecast period
Leading trends influencing the market
- Sustainability manufacturing is a key trend in the market.
- The demand for semiconductors is increasing owing to their use in emerging technologies such as 5G, AI, and the Internet of Things (IoT).
- Industry leaders are focusing on sustainability programs for manufacturing semiconductors. For instance, Intel has revealed its 2030 operational sustainability goals as part of its aspiration to be a global leader in sustainability.
- Therefore, vendors are adopting sustainability efforts as an integral part of their strategy to improve brand image.
- Such factors are expected to support the market growth during the forecast period.
Major challenges hindering the market growth
- The impact of the Russia and Ukraine war is impeding the semiconductor market growth.
- The Russia-Ukraine conflict has led to a low supply of neon and hexafluorobutadiene gases, which are crucial in manufacturing semiconductor chips.
- Ukraine supplies more than 70% of the world's neon gas, while Russia is the world's largest producer of palladium and the third-largest supplier of nickel.
- The Russia-Ukraine conflict will affect the supply and production of semiconductor chips, EV batteries, and catalytic converters
- This, in turn, will hinder the market growth during the forecast period.
What are the key data covered in this semiconductor market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the semiconductor market between 2022 and 2026
- Precise estimation of the size of the semiconductor market and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the semiconductor market across APAC, North America, Europe, South America, and Middle East and Africa
- A thorough analysis of the market's competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of Semiconductor Market vendors
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Semiconductor Market Scope |
|
Report Coverage |
Details |
Page number |
149 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.08% |
Market growth 2022-2026 |
USD 156.39 billion |
Market structure |
Fragmented |
YoY growth 2021-2022 (%) |
3.18 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 75% |
Key countries |
US, China, South Korea, Taiwan, and Singapore |
Competitive landscape |
Leading vendors, market positioning of vendors, competitive strategies, and industry risks |
Key companies profiled |
Analog Devices Inc., Broadcom Inc., Intel Corp., MediaTek Inc., Microchip Technology Inc., Micron Technology Inc., NVIDIA Corp., NXP Semiconductors NV, ON Semiconductor Corp., Qualcomm Inc., Renesas Electronics Corp., Samsung Electronics Co. Ltd, SK HYNIX Inc., Skyworks Solutions Inc., Sony Group Corp., STMicroelectronics NV, Taiwan Semiconductor Manufacturing Co. Ltd., Texas Instruments Inc., Toshiba Corp., and Infineon Technologies AG |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Browse for Technavio's information technology market reports
Table of contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Product
- 5.1 Market segments
- Exhibit 24: Chart on Product - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
- 5.2 Comparison by Product
- Exhibit 26: Chart on Comparison by Product
- Exhibit 27: Data Table on Comparison by Product
- 5.3 ICs - Market size and forecast 2021-2026
- Exhibit 28: Chart on ICs - Market size and forecast 2021-2026 ($ billion)
- Exhibit 29: Data Table on ICs - Market size and forecast 2021-2026 ($ billion)
- Exhibit 30: Chart on ICs - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on ICs - Year-over-year growth 2021-2026 (%)
- 5.4 Optoelectronics - Market size and forecast 2021-2026
- Exhibit 32: Chart on Optoelectronics - Market size and forecast 2021-2026 ($ billion)
- Exhibit 33: Data Table on Optoelectronics - Market size and forecast 2021-2026 ($ billion)
- Exhibit 34: Chart on Optoelectronics - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Optoelectronics - Year-over-year growth 2021-2026 (%)
- 5.5 Discrete semiconductors - Market size and forecast 2021-2026
- Exhibit 36: Chart on Discrete semiconductors - Market size and forecast 2021-2026 ($ billion)
- Exhibit 37: Data Table on Discrete semiconductors - Market size and forecast 2021-2026 ($ billion)
- Exhibit 38: Chart on Discrete semiconductors - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Discrete semiconductors - Year-over-year growth 2021-2026 (%)
- 5.6 Sensors - Market size and forecast 2021-2026
- Exhibit 40: Chart on Sensors - Market size and forecast 2021-2026 ($ billion)
- Exhibit 41: Data Table on Sensors - Market size and forecast 2021-2026 ($ billion)
- Exhibit 42: Chart on Sensors - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Sensors - Year-over-year growth 2021-2026 (%)
- 5.7 Market opportunity by Product
- Exhibit 44: Market opportunity by Product ($ billion)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 46: Chart on Market share by geography 2021-2026 (%)
- Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 48: Chart on Geographic comparison
- Exhibit 49: Data Table on Geographic comparison
- 7.3 APAC - Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.4 North America - Market size and forecast 2021-2026
- Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.5 Europe - Market size and forecast 2021-2026
- Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 China - Market size and forecast 2021-2026
- Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.9 US - Market size and forecast 2021-2026
- Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.10 South Korea - Market size and forecast 2021-2026
- Exhibit 78: Chart on South Korea - Market size and forecast 2021-2026 ($ billion)
- Exhibit 79: Data Table on South Korea - Market size and forecast 2021-2026 ($ billion)
- Exhibit 80: Chart on South Korea - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on South Korea - Year-over-year growth 2021-2026 (%)
- 7.11 Taiwan - Market size and forecast 2021-2026
- Exhibit 82: Chart on Taiwan - Market size and forecast 2021-2026 ($ billion)
- Exhibit 83: Data Table on Taiwan - Market size and forecast 2021-2026 ($ billion)
- Exhibit 84: Chart on Taiwan - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Taiwan - Year-over-year growth 2021-2026 (%)
- 7.12 Singapore - Market size and forecast 2021-2026
- Exhibit 86: Chart on Singapore - Market size and forecast 2021-2026 ($ billion)
- Exhibit 87: Data Table on Singapore - Market size and forecast 2021-2026 ($ billion)
- Exhibit 88: Chart on Singapore - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on Singapore - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 90: Market opportunity by geography ($ billion)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 91: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 93: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 94: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 95: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 96: Matrix on vendor position and classification
- 10.3 Broadcom Inc.
- Exhibit 97: Broadcom Inc. - Overview
- Exhibit 98: Broadcom Inc. - Business segments
- Exhibit 99: Broadcom Inc. - Key news
- Exhibit 100: Broadcom Inc. - Key offerings
- Exhibit 101: Broadcom Inc. - Segment focus
- 10.4 Infineon Technologies AG
- Exhibit 102: Infineon Technologies AG - Overview
- Exhibit 103: Infineon Technologies AG - Business segments
- Exhibit 104: Infineon Technologies AG - Key news
- Exhibit 105: Infineon Technologies AG - Key offerings
- Exhibit 106: Infineon Technologies AG - Segment focus
- 10.5 Intel Corp.
- Exhibit 107: Intel Corp. - Overview
- Exhibit 108: Intel Corp. - Business segments
- Exhibit 109: Intel Corp. - Key news
- Exhibit 110: Intel Corp. - Key offerings
- Exhibit 111: Intel Corp. - Segment focus
- 10.6 Micron Technology Inc.
- Exhibit 112: Micron Technology Inc. - Overview
- Exhibit 113: Micron Technology Inc. - Business segments
- Exhibit 114: Micron Technology Inc. - Key offerings
- Exhibit 115: Micron Technology Inc. - Segment focus
- 10.7 NVIDIA Corp.
- Exhibit 116: NVIDIA Corp. - Overview
- Exhibit 117: NVIDIA Corp. - Business segments
- Exhibit 118: NVIDIA Corp. - Key news
- Exhibit 119: NVIDIA Corp. - Key offerings
- Exhibit 120: NVIDIA Corp. - Segment focus
- 10.8 NXP Semiconductors NV
- Exhibit 121: NXP Semiconductors NV - Overview
- Exhibit 122: NXP Semiconductors NV - Product / Service
- Exhibit 123: NXP Semiconductors NV - Key news
- Exhibit 124: NXP Semiconductors NV - Key offerings
- 10.9 Qualcomm Inc.
- Exhibit 125: Qualcomm Inc. - Overview
- Exhibit 126: Qualcomm Inc. - Business segments
- Exhibit 127: Qualcomm Inc. - Key news
- Exhibit 128: Qualcomm Inc. - Key offerings
- Exhibit 129: Qualcomm Inc. - Segment focus
- 10.10 Samsung Electronics Co. Ltd
- Exhibit 130: Samsung Electronics Co. Ltd - Overview
- Exhibit 131: Samsung Electronics Co. Ltd - Business segments
- Exhibit 132: Samsung Electronics Co. Ltd - Key news
- Exhibit 133: Samsung Electronics Co. Ltd - Key offerings
- Exhibit 134: Samsung Electronics Co. Ltd - Segment focus
- 10.11 SK HYNIX Inc.
- Exhibit 135: SK HYNIX Inc. - Overview
- Exhibit 136: SK HYNIX Inc. - Product / Service
- Exhibit 137: SK HYNIX Inc. - Key offerings
- 10.12 Texas Instruments Inc.
- Exhibit 138: Texas Instruments Inc. - Overview
- Exhibit 139: Texas Instruments Inc. - Business segments
- Exhibit 140: Texas Instruments Inc. - Key news
- Exhibit 141: Texas Instruments Inc. - Key offerings
- Exhibit 142: Texas Instruments Inc. - Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 143: Inclusions checklist
- Exhibit 144: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 145: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 146: Research methodology
- Exhibit 147: Validation techniques employed for market sizing
- Exhibit 148: Information sources
- 11.5 List of abbreviations
- Exhibit 149: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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