[Latest] Global Semiconductor Chip Market Size/Share Worth

Austin, TX, USA, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Semiconductor Chip Market Size, Trends and Insights By Component (Memory Devices, Logic Devices, Analog IC, MPU, MCU, Sensors, Discrete Power Devices, Others), By Node Size (65nm, 45/40nm, 32/28nm, 22/20nm, 16/14nm, 10/7nm, 7/5nm, 180nm, 130nm, 90nm, 5nm), By Application (Telecommunication, Defence and Military, Industrial, Consumer Electronics, Automotive, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.

“According to the latest research study, the demand of global Semiconductor Chip Market size & share was valued at approximately USD 580.1 Billion in 2022 and is expected to reach USD 634.5 Billion in 2023 and is expected to reach a value of around USD 1,124.5 Billion by 2032, at a compound annual growth rate (CAGR) of about 7.1% during the forecast period 2023 to 2032.”

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Semiconductor Chip Market: Growth Factors and Dynamics

Consumer Electronics Boom: The increasing popularity of consumer electronics like smartphones, tablets, laptops, and smartwatches is a major driver for the semiconductor chip industry. As people demand better features and performance, the demand for advanced chips goes up.

IoT and AI Impact: The rise of IoT and AI has created a huge demand for semiconductor chips to enable connectivity, data processing, and edge computing. IoT devices, AI systems, and self-driving cars heavily rely on these chips, boosting the market’s growth.

5G Technology Rollout: The global deployment of 5G networks is another significant factor boosting the semiconductor chip market. 5G technology requires advanced chips to handle higher data rates and low latency, paving the way for increased demand for 5G-enabled devices and infrastructure components.

Supply Chain Challenges: The semiconductor chip market has experienced supply chain disruptions, impacting production capacities and lead times. Factors like geopolitical tensions, natural disasters, and the COVID-19 pandemic have affected chip manufacturing, leading to increased demand-supply imbalances and potential price fluctuations.

Industry 4.0 and Automation: The adoption of Industry 4.0 practices and increased automation across various sectors are fuelling the demand for semiconductor chips. Smart factories, industrial robots, and automated processes rely on these chips to optimize production efficiency and drive digital transformation.

Data Centres and Cloud Computing: The expansion of data centres and cloud computing services calls for strong semiconductor chips to manage large-scale data processing and storage needs. As cloud-based applications and services gain popularity, the demand for high-performance chips keeps increasing.

Healthcare and Wearable Devices: The healthcare industry’s integration with technology and the rising popularity of wearable devices have created new opportunities for semiconductor chip manufacturers. Advanced chips are essential for powering medical equipment, wearable health trackers, and smart devices that monitor and improve people’s well-being. The increasing focus on personalized healthcare and digital health solutions further boosts the demand for these chips.

Electric Vehicles (EVs) and Eco-Friendly Technologies: The growing adoption of electric vehicles and environmentally friendly technologies has led to significant demand for semiconductor chips in the automotive sector. EVs rely on advanced chips for battery management, electric motor control, and onboard entertainment systems, driving the market’s growth.

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Semiconductor Chip Market: Partnership and Acquisitions

Intel and Micron Technology: In 2018, Intel and Micron Technology formed a partnership to jointly develop 3D XPoint memory technology. This collaboration aimed to accelerate advancements in data storage solutions and enhance chip performance.

In 2019, Samsung Electronics and Qualcomm entered into a strategic partnership to collaborate on the development of 5G chipsets. To innovate in the 5G market by combining Samsung’s manufacturing capabilities with Qualcomm’s 5G technologies.

In 2019, NVIDIA acquired Mellanox Technologies, a leading supplier of interconnect solutions for data centres and high-performance computing. NVIDIA helps to bolster its data centre offerings and accelerate the development of AI and networking solutions.

Analog Devices acquired Maxim Integrated: In 2020, Analog Devices acquired Maxim Integrated, a semiconductor company specializing in analog and mixed-signal solutions. The acquisition aimed to enhance Analog Devices’ portfolio and enable comprehensive semiconductor solutions across various industries.

Report Scope

Feature of the Report	Details
Market Size in 2023	USD 634.5 Billion
Projected Market Size in 2032	USD 1,124.5 Billion
Market Size in 2022	USD 580.1 Billion
CAGR Growth Rate	7.1% CAGR
Base Year	2022
Forecast Period	2023-2032
Key Segment	By Component, Node Size, Application and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Semiconductor Chip report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the Semiconductor Chip report has been modified to include the COVID-19 impact study prior to delivery.)

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Semiconductor Chip Market: COVID-19 Analysis

The COVID-19 pandemic has had a significant impact on the Semiconductor Chip Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

Disruptions in Supply Chain: The COVID-19 pandemic caused widespread disruptions in the global semiconductor supply chain. Manufacturing facilities were temporarily shut down, and transportation restrictions hindered the movement of raw materials and finished products. This led to production delays and shortages, affecting the availability and pricing of semiconductor chips.

Shift in Demand Patterns: The COVID-19 pandemic caused notable shifts in consumer behaviour and industry requirements. Which increased remote work and reliance on digital services, there was a sharp rise in the demand for laptops, tablets, and other consumer electronics. Conversely, the automotive and industrial sectors faced a temporary decline in demand for semiconductor chips due to production slowdowns and challenges in the supply chain.

Investments in Capacity Expansion: In response to supply chain disruptions and increased demand, semiconductor manufacturers are investing heavily in expanding their production capacities. New fabs and manufacturing facilities are being built to ramp up chip production and reduce supply constraints.

Diversification of Supply Chain: The pandemic highlighted the risks of a concentrated supply chain, leading to a shift towards diversification. Companies are now exploring multiple sourcing options to reduce dependency on specific regions and suppliers, ensuring a more resilient supply chain.

Focus on Shorter Lead Times: To adapt to the uncertainties brought by the pandemic, semiconductor companies are working on reducing lead times for chip production and delivery. Shorter lead times allow for quicker response to changing market demands and help mitigate potential supply chain disruptions.

Collaboration and Partnerships: In the wake of the pandemic’s impact, semiconductor companies are increasingly collaborating with each other and forming strategic partnerships. Such alliances enable the sharing of expertise, resources, and technology, leading to accelerated innovation and improved capabilities to address market challenges collectively.

In conclusion, the COVID-19 pandemic has had a mixed impact on the Semiconductor Chip Market, with some challenges and opportunities arising from the pandemic. Manufacturers and retailers need to remain agile and adapt to the changing market conditions to overcome these challenges and capitalize on new growth opportunities.

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Key questions answered in this report:

What is the size of the Semiconductor Chip market and what is its expected growth rate?
What are the primary driving factors that push the Semiconductor Chip market forward?
What are the Semiconductor Chip Industry's top companies?
What are the different categories that the Semiconductor Chip Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
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Key Offerings:

Market Share, Size & Forecast by Revenue | 2023−2032
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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List of the prominent players in the Semiconductor Chip Market:

Intel Corporation
Samsung Electronics Co. Ltd.
Taiwan Semiconductor Manufacturing Company Limited (TSMC)
SK Hynix Inc.
Micron Technology Inc.
Qualcomm Incorporated
NVIDIA Corporation
Texas Instruments Incorporated
Advanced Micro Devices Inc. (AMD)
Broadcom Inc.
Others

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Semiconductor Chip Market – Regional Analysis

The Semiconductor Chip Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

North America: In North America, a significant trend is the focus on AI and edge computing, driving demand for advanced semiconductor chips. Moreover, the region experiences increased interest in IoT applications, influencing chip development for smart devices and automation. Major players in North America include Intel Corporation, NVIDIA Corporation, and Qualcomm Incorporated. These companies lead in providing innovative chips for data centres, gaming, and mobile devices.

Europe: In Europe, a key trend is the growth of automotive applications, stimulating demand for semiconductor chips in electric vehicles and autonomous driving systems. Additionally, the region emphasizes the use of chips in renewable energy and industrial automation. Infineon Technologies AG, NXP Semiconductors N.V., and STMicroelectronics N.V. are dominant players in Europe. They specialize in automotive, industrial, and power management chip solutions.

Asia-Pacific: The increasing use of smartphones and mobile devices is driving the demand for powerful and efficient chips. Moreover, the rapid growth of AI technology is further boosting the need for semiconductor chips across diverse applications in the Asia-Pacific region. TSMC, Samsung Electronics, and SK Hynix are key players in this region, with TSMC and Samsung known for advanced chip manufacturing, and SK Hynix specializing in memory chips. These companies play a crucial role in meeting the rising chip demand driven by the AI revolution in Asia-Pacific.

LAMEA (Latin America, Middle East, and Africa): In LAMEA, a significant trend is the growing investment in smart cities and infrastructure, increasing the demand for semiconductor chips in IoT and connectivity solutions. Additionally, the region is witnessing an upswing in renewable energy projects, driving chip demand in this sector. LAMEA’s market is more fragmented, with companies like ON Semiconductor Corporation and Silicon Laboratories Inc. being prominent players in the region, catering to various industries’ chip needs.

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The Semiconductor Chip Market is segmented as follows:

By Component

Memory Devices
Logic Devices
Analog IC
MPU
MCU
Sensors
Discrete Power Devices
Others

By Node Size

65nm
45/40nm
32/28nm
22/20nm
16/14nm
10/7nm
7/5nm
180nm
130nm
90nm
5nm

By Application

Telecommunication
Defence and Military
Industrial
Consumer Electronics
Automotive
Others

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By Region

North America

The U.S.
Canada
Mexico

Europe

France
The UK
Spain
Germany
Italy
Rest of Europe

Asia Pacific

China
Japan
India
Australia
South Korea
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

This Semiconductor Chip Market Research/Analysis Report Contains Answers to the following Questions.

Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Semiconductor Chip Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the Semiconductor Chip Market? What Was the Capacity, Production Value, Cost and PROFIT of the Semiconductor Chip Market?
What Is the Current Market Status of the Semiconductor Chip Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Semiconductor Chip Market by Considering Applications and Types?
What Are Projections of the Global Semiconductor Chip Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Semiconductor Chip Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On Semiconductor Chip Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Semiconductor Chip Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Semiconductor Chip Industry?

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Reasons to Purchase Semiconductor Chip Market Report

Semiconductor Chip Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Semiconductor Chip Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Semiconductor Chip Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Semiconductor Chip Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the global Semiconductor Chip market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Semiconductor Chip market analysis.

The competitive environment of current and potential participants in the Semiconductor Chip market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide Semiconductor Chip market should find this report useful. The research will be useful to all market participants in the Semiconductor Chip industry.
Managers in the Semiconductor Chip sector are interested in publishing up-to-date and projected data about the worldwide Semiconductor Chip market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Semiconductor Chip products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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