Global Semiconductor Micro Components Market 2024-2028
The semiconductor micro components market is forecasted to grow by USD 30.8 bn during 2023-2028, accelerating at a CAGR of 4.38% during the forecast period. The report on the semiconductor micro components market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in new product development, rise in demand for smartphones and tablets, and increasing demand from defense and military sector.
Technavio's semiconductor micro components market is segmented as below:
By Product
- Microprocessors
- Microcontrollers
- Digital signal processors
By End-user
- Consumer electronics
- Defense
- Automotive
- Industrial
By Geography
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the increased proliferation of iot as one of the prime reasons driving the semiconductor micro components market growth during the next few years. Also, improvement in machine-to-machine (m2m) technology and introduction of free new microcontroller will lead to sizable demand in the market.
The report on the semiconductor micro components market covers the following areas:
- Semiconductor micro components market sizing
- Semiconductor micro components market forecast
- Semiconductor micro components market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading semiconductor micro components market vendors that include ABB Ltd., ADVACAM Oy, Advanced Micro Devices Inc., Allegro MicroSystems Inc., Analog Devices Inc., Hendon Semiconductors, Infineon Technologies AG, Micro Hybrid Components, Microchip Technology Inc., Micron Technology Inc., Nichia Corp., NXP Semiconductors NV, Panasonic Holdings Corp., Renesas Electronics Corp., Samsung Electronics Co. Ltd., Seoul Semiconductor Co. Ltd., STMicroelectronics International N.V., Texas Instruments Inc., Toshiba Corp., and Utmel Electronics. Also, the semiconductor micro components market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.