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East Asia - Semiconductor Market by End-user and Product - Forecast and Analysis 2024-2028

East Asia - Semiconductor Market by End-user and Product - Forecast and Analysis 2024-2028

Published: Nov 2023 161 Pages SKU: IRTNTR41025

Market Overview at a Glance

$99.54 B
Market Opportunity
6.21%
CAGR
5.75
YoY growth 2023-2024(%)

East Asia - Semiconductor Market 2024-2028 :

East Asia - Semiconductor Market size is estimated to grow at a CAGR of 6.21% between 2023 and 2028. The market size is forecast to increase by USD 99.54 billion. The growth of the market depends on several factors, including the increasing automation in automobiles, the sustainable growth in the global semiconductor industry, and the increasing use of advanced driver assistance systems in the automotive industry. A semiconductor IC functions as a timer, an amplifier, and a microprocessor, and it has a data storage capability. Manufacturers fabricate ICs using designs provided by fabless semiconductor companies. Fabless semiconductor companies design and sell hardware devices and semiconductor chipsets. However, fabless semiconductor companies outsource the fabrication process of hardware devices to semiconductor foundries. Semiconductor ICs find applications in major segments, including communications, consumer electronics, automotive, and industrial.

The report offers extensive research analysis on East Asia - Semiconductor Market, with a categorization based on End-user, including memory, foundry, and IDM. It further segments the market by Product, encompassing ICs, optoelectronics, discrete semiconductors, and sensors. Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD billion) for all the mentioned segments.

What will be the Size of the East Asia Semiconductor Market During the Forecast Period?

Semiconductor Market in East Asia Size

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East Asia Semiconductor Market Overview

Driver

One of the key factors driving the East Asia semiconductor market growth is the increasing use of advanced driver assistance systems in the automotive industry. There is an increasing demand for ADAS as they help in monitoring, warning, braking, and steering tasks, which are expected to increase over the next decade, which not only helps fuel the East Asia - semiconductor market but also increases consumer interest in safety applications. In addition, many of the semiconductor companies have now been offering ADAS products and developing them.

Moreover, as new technology is developing, much uncertainty persists about the market, which comprises consumer feedback and its advanced applications where computer controls assist with steering and other critical driving functions. In addition, the driver heavily relies on the combination of sensors, cameras, and semiconductors to perform tasks such as collision warnings, adaptive cruise control, and others, which enhances the safety of vehicles. Therefore, due to such advancements and the vast applications of semiconductors in the automotive industry, the ADAS will drive the growth of the East Asia semiconductor market during the forecast period.

Trends

A key factor shaping the East Asia semiconductor market growth is the developments in sensor technologies and communication devices. There is an increasing adoption of sensors across various industries as they help in achieving enterprise mobility, remote monitoring, and remote controlling of systems. In addition, all these factors pave the way for significant cost savings and boost revenues.

Moreover, the increased adoption of communication services and the emergence of new players in the market are factors that have led to a decline in the prices of communication devices. In addition, technological advances have helped manufacturers standardize the capacity and throughput of their products, resulting in the simplification of the manufacturing process at low costs. Hence, such factors are driving the East Asia semiconductor market growth during the forecast period.

Restrain

Excess semiconductor inventory is one of the key challenges hindering the East Asia semiconductor market growth. The main challenge faced by the East Asia semiconductor market is the overstock of semiconductors.  In addition, as the semiconductor market is extremely volatile, demand forecasting becomes a significant challenge. For instance, in the second quarter of 2022, the average inventory period increased to 121 days from 117 days in the last quarter of 2021.

Moreover, the high level of inventory in the industry is majorly due to the gradual decrease in the demand for DRAM and NAND memory. In addition, with respect to semiconductors, the release of a new generation of any product class by competitors and its successful adoption in the market may lead to an entire line of equipment being written off. Therefore, the excess components purchased during a bulk sale by suppliers may also need to be written off, which can lead to huge operational losses. Hence, such factors hinder the East Asia semiconductor market growth during the forecast period.

East Asia Semiconductor Market Segmentation By End-user

The memory segment is estimated to witness significant growth during the forecast period. The increasing adoption and development of NOT-AND (NAND) technology will fuel the growth of the memory segment. In addition, many prominent memory device manufacturers have announced the development and commercialization of various products integrated with such technology.

Semiconductor Market in East Asia Size

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The memory segment was the largest segment and was valued at USD 130.72 billion in 2018. Moreover, the manufacturing process of such advanced NAND is highly complicated and requires advanced manufacturing equipment. In addition, the market for such advanced technology has high growth potential. Hence, many companies, such as Samsung, are investing heavily in revamping and increasing their production lines. Therefore, it will fuel the growth of the memory segment of the East Asia semiconductor market during the forecast period.

East Asia Semiconductor Market Segmentation By Product

The wide range of applications of ICs segment in various industries will increase the market growth. IC segment refers to small squares or rectangles of semiconductor material, which are often silicon-made and contain electronic circuits that are laid down and made to perform computation or other tasks. In addition, this segment is embedded in a number of transistors and other devices, which are onto a single piece of silicon and form the interconnections within silicone itself. Some of the main classifications of ICs include analog, digital, and mixed-signal circuits. Moreover, this segment is the building block of modern electronic devices and plays a fundamental role in powering various industries.  Hence, the wide range of applications will fuel the growth of this segment which in turn drive the East Asia semiconductor market growth during the forecast period.

East Asia Semiconductor Market Customer Landscape

The East Asia semiconductor market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Semiconductor Market in East Asia Share by Geography

East Asia Semiconductor Market Customer Landscape

Who are the Major East Asia Semiconductor Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Broadcom Inc: The company offers semiconductors such as SAS IO controllers, ROC ICs, and SAS expander IC.

GigaDevice Semiconductor Inc: This company offers semiconductors by the name ARM Cortex M3 or Cortex M4 cores.

Ingenic Semiconductor Co. Ltd: The company offers semiconductors for various applications such as image recognition, smart gateways, smart appliances.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • MediaTek Inc.
  • NXP Semiconductors NV
  • Qualcomm Inc.
  • Renesas Electronics Corp.
  • Restar Holdings Corp.
  • ROHM Co. Ltd.
  • Samsung Electronics Co. Ltd.
  • Shanghai Fortune Techgroup Co. Ltd
  • Sharp Corp.
  • SK hynix Co. Ltd.
  • Sony Group Corp.
  • STMicroelectronics International N.V.
  • Taiwan SEMICONDUCTOR CO. LTD
  • Taiwan Semiconductor Manufacturing Co. Ltd.
  • TDK Corp.
  • Toshiba Corp.
  • United Microelectronics Corp.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The East Asia semiconductor market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2018-2028.

  • End-user Outlook
    • Memory
    • Foundry
    • IDM
  • Product Outlook
    • ICs
    • Optoelectronics
    • Discrete semiconductors
    • Sensors

East Asia Semiconductor Market Scope

Report Coverage

Details

Page number

161

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 6.21%

Market Growth 2024-2028

USD 99.54 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

5.75

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Broadcom Inc., GigaDevice Semiconductor Inc., Ingenic Semiconductor Co. Ltd., MediaTek Inc., NXP Semiconductors NV, Qualcomm Inc., Renesas Electronics Corp., Restar Holdings Corp., ROHM Co. Ltd., Samsung Electronics Co. Ltd., Shanghai Fortune Techgroup Co. Ltd, Sharp Corp., SK hynix Co. Ltd., Sony Group Corp., STMicroelectronics International N.V., Taiwan SEMICONDUCTOR CO. LTD, Taiwan Semiconductor Manufacturing Co. Ltd., TDK Corp., Toshiba Corp., and United Microelectronics Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this East Asia Semiconductor Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the East Asia semiconductor market between 2024 and 2028
  • Precise estimation of the market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across East Asia
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

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Table of Contents not available.

Research Methodology

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Frequently Asked Questions

Semiconductorin East Asia market growth will increase by $ 99.54 bn during 2024-2028.

The Semiconductorin East Asia market is expected to grow at a CAGR of 6.21% during 2024-2028.

Semiconductorin East Asia market is segmented by End-user( Memory, Foundry, IDM) Product( ICs, Optoelectronics, Discrete semiconductors, Sensors, Rest of East Asia)

Broadcom Inc., GigaDevice Semiconductor Inc., Ingenic Semiconductor Co. Ltd., MediaTek Inc., NXP Semiconductors NV, Qualcomm Inc., Renesas Electronics Corp., Restar Holdings Corp., ROHM Co. Ltd., Samsung Electronics Co. Ltd., Shanghai Fortune Techgroup Co. Ltd, Sharp Corp., SK hynix Co. Ltd., Sony Group Corp., STMicroelectronics International N.V., TAIWAN SEMICONDUCTOR CO. LTD, Taiwan Semiconductor Manufacturing Co. Ltd., TDK Corp., Toshiba Corp., United Microelectronics Corp. are a few of the key vendors in the Semiconductorin East Asia market.

East Asia will register the highest growth rate of 100% among the other regions. Therefore, the Semiconductorin East Asia market in East Asia is expected to garner significant business opportunities for the vendors during the forecast period.

China, Taiwan, Japan, South Korea, Rest of East Asia

  • Increasing automation in automobilesThe leading manufacturers in Asia is the driving factor this market.
  • such as Honda and Mitsubishi is the driving factor this market.
  • have invested considerable resources in the R and D of automobile automation. Semiconductor components have a key role in the automation of automobiles is the driving factor this market.
  • especially in networked communication and driving automation. Next-generation automobiles are expected to include speech recognition is the driving factor this market.
  • video and image compatibilities is the driving factor this market.
  • and the use of ICs in LED front lighting to provide an optimal driving experience to users. Semiconductor content is required in automation to provide accurate information to the built-in AI to drive optimally. Advanced safety and security features are included in all consumer vehicles is the driving factor this market.
  • ranging from entry-level vehicles to luxury vehicles. Various features is the driving factor this market.
  • such as lighting and climate control is the driving factor this market.
  • as well as advanced security features associated with anti-lock braking system (ABS) technology and airbag functioning is the driving factor this market.
  • are being optimized for driver safety. Entry-level vehicles are in high demand in emerging markets. This is increasing the demand for in-vehicle electronic devices to examine road conditions and prevent accidents by monitoring driving and handling the vehicle. The safety systems embedded in vehicles include systems for braking and stability is the driving factor this market.
  • electronic steering is the driving factor this market.
  • and driver assistance systems is the driving factor this market.
  • such as radar systems is the driving factor this market.
  • cameras is the driving factor this market.
  • and communication devices. Such installations require acute technological sophistication is the driving factor this market.
  • which is the driving factor this market.
  • in turn is the driving factor this market.
  • is partly dependent on the performance of semiconductor components embedded in the vehicle. In addition is the driving factor this market.
  • offering comfort and convenience to consumers without compromising on performance is a priority for automobile manufacturers. This helps manufacturers achieve differentiation in response to the competition from international players. The electrification and automation of automobiles have led to the increasing need for semiconductor components. Various types of semiconductor ICs are used in automotive products is the driving factor this market.
  • including airbag control is the driving factor this market.
  • GPS is the driving factor this market.
  • ABS is the driving factor this market.
  • car navigation and display is the driving factor this market.
  • power doors and windows is the driving factor this market.
  • infotainment is the driving factor this market.
  • automated driving is the driving factor this market.
  • and collision detection systems. There is also a growing demand for hybrid and electric vehicles because of the increased environmental awareness and emissions legislation is the driving factor this market.
  • which is driving the demand for semiconductor content. The demand for driverless and smart cars is expected to create a demand for advanced sensors. The automotive product market is expected to grow with an increase in car production during the forecast period. The increase in car production will likely result in high demand for automotive devices is the driving factor this market.
  • which is the driving factor this market.
  • in turn is the driving factor this market.
  • will create the need for semiconductor components. The car-manufacturing industry is expected to be the major growth driver for the semiconductor market in East Asia. The number of chips in cars will further increase as connectivity to the Internet grows and as self-driving software becomes widespread. By 2020 is the driving factor this market.
  • 89 million cars were on the road is the driving factor this market.
  • of which about 6 million were self-driving cars globally. The demand for semiconductors in the automotive industry is expected to rise because of the increased requirement for semiconductor components to upgrade technologies in automobiles. The healthcare industry will also drive the demand for semiconductor components as about 250 million individuals are expected to be equipped with wearable personal healthcare devices for data collection. These factors will drive the growth of the semiconductor market in East Asia during the forecast period. is the driving factor this market.

The Semiconductorin East Asia market vendors should focus on grabbing business opportunities from the Memory segment as it accounted for the largest market share in the base year.