New York, July 05, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Semiconductor Market Size, Share, and Analysis, By Component, By Semiconductors Materials, By Semiconductor Devices, By Node Size, By Material Type , by application, by type and regional forecasts, 2022-2032” – https://www.reportlinker.com/p06472433/?utm_source=GNW
Semiconductor is a material with certain electrical properties that allow it to serve as the basis for some electronic devices such as computers. It is generally a compound or solid chemical that transmits electricity in few situations and makes it an essential medium to regulate electrical current in electrical appliances used in the home. Semiconductors such as memory chips are important and required for various operations due to the increasing technological advancement.
Semiconductor Market is expected to project a CAGR of 8.5% during the forecast period, 2022-2032
Semiconductor Market is expected to reach USD 1234.4 Billion growing at a CAGR of 8.5% during the forecast period Thanks to the technological advancements such as the development of artificial intelligence (AI), acquiring internet of things (IoT) has several growth opportunities created for the semiconductor market. Semiconductors are being used to drive technologies that enhance consumer convenience by enabling businesses to work early, effectively and smarter.
SEMICONDUCT MARKET SEGMENTATION:
The Memory Devices segment is expected to grow at a high CAGR during the forecast period
The semiconductor market is classified on the basis of component into logic devices, memory devices, MPU, analog IC, sensors, discrete power devices, MCU and others. The Memory Devices segment is expected to dominate the market over the forecast period owing to various technological advancements such as cloud computing, virtual reality, etc. The high price of some chips such as NAND flash and DRAM is expected to drive the growth of the market. The high demand for memory devices is also expected to drive the growth of the market.
The network and communications segment is expected to grow at a high CAGR during the forecast period
The semiconductor market is classified based on its application in consumer electronics, networking and communications, defense and military, data processing, industrial, automotive, telecommunications and government, others. The Networking & Communications segment is expected to dominate the market over the forecast period due to the high demand for smartphones and smart devices including the need for network and communication. The need for remote working has increased, creating demand for the growth of the segment in the semiconductor market.
The increasing use of electronic devices is expected to drive the growth of the market
The increasing demand for integrated circuits is expected to drive the market growth
Tariff charges applied can limit the growth of the market
Key Players Covered:
• NXP Semiconductors NV
• Intel Corporation
• Micron technology
• Broadcom, Inc.
• Samsung electronics
• SK hynix
• Toshiba Corporation
• Taiwan semiconductors
• Texas Instruments
• NVIDIA Corporation
• Other key players (company overview, business strategy, key product offerings, financial performance, key performance indicators, risk analysis, recent
Reasons to buy this report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic and non-economic factors
• Delivery of market value data (USD billion) for each segment and sub-segment
• Indicates the region and segment expected to experience the fastest growth and dominate the market
• Geographical analysis highlighting the consumption of the product/service in the region and indicates the factors influencing the market within each region
• Competitive landscape incorporating market ranking of key players along with new service/product launches, partnerships, business expansions and acquisitions of profiled companies over the past five years
• Comprehensive company profiles consisting of company overview, company insights, product benchmarking and SWOT analysis for key market players
• The industry’s current and future market prospects regarding recent developments bringing growth opportunities and incentives as well as challenges and constraints from both emerging and developed regions
• Includes in-depth analysis of the market from different perspectives through Porter’s Five Forces Analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario along with growth opportunities of the market in the coming years
• 3 months post-sales support for analysts.
Read the full report: https://www.reportlinker.com/p06472433/?utm_source=GNW
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