Semiconductor Market to Grow by $ 90.80 bn During 2020-2024 | Industry Analysis, Market Trends, Market Growth, Opportunities, and Forecast 2024 | Technavio

·6-min read

Technavio has been monitoring the semiconductor market and it is poised to grow by USD 90.80 bn during 2020-2024, progressing at a CAGR of over 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Semiconductor Market 2020-2024 (Graphic: Business Wire)

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Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have at Par impact on the semiconductor market. The market growth in 2020 is likely to decrease compared to the market growth in 2019.

Frequently Asked Questions:

  • What are the major trends in the market?
    The rising adoption of semiconductor ICs in automobiles is a major trend driving the growth of the market.

  • At what rate is the market projected to grow?
    The market will accelerate at a CAGR of over 4% and the incremental growth of the market is anticipated to be $ 90.80 bn.

  • Who are the top players in the market?
    Broadcom Inc., Infineon Technologies AG, Intel Corp., Micron Technology Inc., NVIDIA Corp., NXP Semiconductors NV, Qualcomm Inc., Samsung Electronics Co. Ltd., SK HYNIX Inc., and Texas Instruments Inc., are some of the major market participants.

  • What is the key market driver?
    The use of semiconductor packaging technology is one of the major factors driving the market.

  • How big is the APAC market?
    The APAC region will contribute 76% of the market share.

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View market snapshot before purchasing

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Broadcom Inc., Infineon Technologies AG, Intel Corp., Micron Technology Inc., NVIDIA Corp., NXP Semiconductors NV, Qualcomm Inc., Samsung Electronics Co. Ltd., SK HYNIX Inc., and Texas Instruments Inc. are some of the major market participants. The use of semiconductor packaging technology will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this semiconductor market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Semiconductor Market 2020-2024: Segmentation

Semiconductor Market is segmented as below:

  • Product

    • ICs

    • Optoelectronics

    • Discrete Semiconductors

    • Sensors

  • Geographic

    • APAC

    • North America

    • Europe

    • South America

    • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43410

Semiconductor Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The semiconductor market report covers the following areas:

  • Semiconductor Market Size

  • Semiconductor Market Trends

  • Semiconductor Market Industry Analysis

This study identifies the rising adoption of semiconductor ICs in automobiles as one of the prime reasons driving the semiconductor market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Semiconductor Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024

  • Detailed information on factors that will assist semiconductor market growth during the next five years

  • Estimation of the semiconductor market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the semiconductor market

  • Analysis of the market’s competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of semiconductor market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market outlook: Forecast for 2019-2024

Five Forces Analysis

  • Five forces summary

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by Product

  • Market segments

  • Comparison by Product

  • ICs - Market size and forecast 2019-2024

  • Optoelectronics - Market size and forecast 2019-2024

  • Discrete semiconductors - Market size and forecast 2019-2024

  • Sensors - Market size and forecast 2019-2024

  • Market opportunity by Product

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • APAC - Market size and forecast 2019-2024

  • North America - Market size and forecast 2019-2024

  • Europe - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

  • Volume drivers – Demand led growth

  • Market challenges

  • Market trends

Vendor Landscape

  • Overview

  • Vendor landscape

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • Broadcom Inc.

  • Infineon Technologies AG

  • Intel Corp.

  • Micron Technology Inc.

  • NVIDIA Corp.

  • NXP Semiconductors NV

  • Qualcomm Inc.

  • Samsung Electronics Co. Ltd.

  • SK HYNIX Inc.

  • Texas Instruments Inc.

Appendix

  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201203005571/en/

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