Enjoy complimentary customisation on priority with our Enterprise License!
The semiconductor market size is forecast to increase by USD 112.8 billion, at a CAGR of 3.42% between 2023 and 2028. The market is experiencing significant growth, driven by the increasing adoption in sectors such as information technology and communications, healthcare, aerospace and defense, and consumer goods. The majority of this growth can be attributed to the semiconductor materials segment, which includes advanced microelectronics, high-end data centers, automotive applications, medical devices, IoT devices, and power electronics. Key trends include the supply-demand gap in the semiconductor industry, the increasing adoption of sustainability manufacturing, and the growing use of power electronics in consumer electronic appliances such as inverters for air conditioners, washing machines, personal computers, welding equipment, induction heating devices, microwaves, electric cookers, induction stoves, and soft switching for strobe flash control. Furthermore, the market is witnessing an uptick in demand for UPS batteries and power conditioners in various applications. The fabrication segment is also experiencing growth due to the increasing demand for semiconductor materials in the production of process chemicals. Overall, the market is poised for continued growth in the coming years.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.