Global Microelectronics Market Report and Forecast 2023-2028

Global Microelectronics Market Report and Forecast 2023-2028


Market Outlook

According to the report by Expert Market Research (EMR), the global microelectronics market reached a value of USD 431.3 billion in 2022. Aided by the escalating demand for compact and high-performance electronic devices and the expanding applications of microelectronics across numerous industries, the market is projected to further grow at a CAGR of 5.64% between 2023 and 2028 to reach a value of USD 601.49 billion by 2028.

Microelectronics is a specialised field that merges engineering and nanotechnology, focusing on the design and manufacture of minuscule electronic components. These components are widely used in various electronic devices, such as mobile phones, computers, and wearables. They play a critical role in achieving superior functionality, higher efficiency, and compact design. Beyond consumer electronics, microelectronics has found diverse applications in areas including automotive, healthcare, aerospace, and telecommunications.

The escalating consumer preference for compact, high-performance electronic devices is a significant driver for the global microelectronics market growth. With an increasing awareness of the benefits associated with advanced technology, there has been a profound shift towards devices that offer superior functionality in smaller form factors, leading to a surge in demand for microelectronic components.

The expanding applications of microelectronics in numerous sectors also contribute significantly to microelectronics market expansion. In the automotive industry, microelectronics is fundamental to the development of advanced driver-assistance systems (ADAS) and electric vehicles. In the healthcare sector, microelectronic devices enable the development of sophisticated medical equipment and wearable health monitors. The aerospace industry utilises microelectronics in navigation and communication systems, while the telecommunications sector relies on microelectronic components for network equipment and mobile devices.

Moreover, the constant innovations in microelectronics technology have resulted in more powerful and energy-efficient components, further boosting the microelectronics market growth. The advancements in semiconductor materials, fabrication techniques, and design methodologies have allowed for the development of microelectronic components that deliver superior performance while reducing energy consumption.

Furthermore, the rapid growth of emerging technologies like the Internet of Things (IoT), artificial intelligence (AI), and 5G networking is significantly contributing to the microelectronics market development. These technologies heavily rely on advanced microelectronic components for their operation, which drives the demand for microelectronics.

Market Segmentation

The market can be divided based on product type, type, vertical type, and region.

Market Breakup by Product Type
  • Lighting Control
  • Security and Access Control
  • HVAC Control
  • Entertainment Control
  • Others
Market Breakup by Type
  • Transistors
  • Capacitors
  • Inductors
  • Resistors
  • Others
Market Breakup by Vertical Type
  • Medical
  • Construction
  • Automotive
  • Others
Market Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global microelectronics companies. Some of the major key players explored in the report by Expert Market Research are as follows:
  • Honeywell International Inc.
  • Jotrin Electronics Limited
  • Ingersoll Rand Inc.
  • Schneider Electric SE
  • Cisco Systems Inc.
  • ACUITY BRANDS, INC.
  • Johnson Controls
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Microelectronics Market Analysis
8.1 Key Industry Highlights
8.2 Global Microelectronics Historical Market (2018-2022)
8.3 Global Microelectronics Market Forecast (2023-2028)
8.4 Global Microelectronics Market by Product Type
8.4.1 Lighting Control
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Security and Access Control
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 HVAC Control
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Entertainment Control
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.4.5 Others
8.5 Global Microelectronics Market by Type
8.5.1 Transistors
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Capacitors
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Inductors
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Resistors
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Microelectronics Market by Vertical Type
8.6.1 Medical
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Construction
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Automotive
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Others
8.7 Global Microelectronics Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Microelectronics Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Microelectronics Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Microelectronics Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Microelectronics Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Microelectronics Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Honeywell International Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Jotrin Electronics Limited
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Ingersoll Rand Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Schneider Electric SE
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Cisco Systems Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 ACUITY BRANDS, INC.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Johnson Controls
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Others
16 Key Trends and Developments in the Market

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