World Semiconductor Market to Post 7.67% CAGR through 2024, States Inkwood Research in Its New Report Published at MarketPublishers.com02 Nov 2017 • by Natalie Aster
LONDON – Worldwide, the semiconductor market was worth USD 463.5 billion as of 2016 and is anticipated to reach a value of USD 831.5 billion by 2024, registering a 7.67% CAGR from 2017 to 2024. Factors like rising investments in R&D, soaring demand for home electronics, and developing IoT market are igniting the growth of the marketplace.
The rising demand for drones and UAVs is poised to raise the demand for semiconductors globally. Meantime, the market faces some essential concerns pertaining to the cyclic nature of the semiconductor industry, volatile foreign exchange rates, and the imbalance in consumption standards across various regions.
APAC dominates the global semiconductors market, with Taiwan, Japan, China, and South Korea standing out as its top contributors. Close to 70% of the world’s most advanced fabrication facilities worldwide are situated in the APAC region. The region is also home to dominant semiconductor firms like Samsung, SMIC, and TSMC. The Middle Eastern marketplace is anticipated to witness the most rapid growth in the offing, fuelled by the integration of semiconductor into devices across different sectors like industrial, military, automotive, communications, amid others, and the soaring demand for home electronics.
SK Hynix, Samsung Electronics, Texas Instruments Inc, Qualcomm Incorporation, Intel Corporation, NXP Semiconductors, Micron Technology, On Semiconductor Corporation, Infineon Technologies Ag, and Toshiba Corporation, among others, are the leading companies in the market space.
In-demand research report “GLOBAL SEMICONDUCTOR MARKET FORECAST 2017-2024” drawn up by Inkwood Research provides a comprehensive analysis and forecast of the marketplace on a global level.
The study defines the market, identifies key market drivers and risks. It discusses the evolution of the market, business models, future of semiconductors. A detailed production analysis is included. The research report provides granular segmentation of the market based on end-use sector. It offers key analytics, including Porter’s five forces analysis, key buying criteria, value chain analysis, etc. An all-round geographical analysis is available, too. The report canvasses the competitive scenario covering market shares and top companies’ profiles.
More in-demand market research reports elaborated by Inkwood Research are available at its page.