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- The semiconductor market is a global industry that produces and sells electronic components that are essential for various devices and applications. The market is driven by the rising demand for consumer electronics, especially smartphones, and the growing use of semiconductors in the automotive sector12. The market is projected to grow at a CAGR of 4.7% to 7.7% from 2021 to 2030, reaching a value of about USD 700 billion to USD 900 billion123.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The global semiconductor market attained a value of nearly USD 580.36 billion in 2022, driven by the rising demand for consumer electronics, including smartphones. Aided by the growing use of semiconductors in the automotive sector, the market is projected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 7.7%.www.expertmarketresearch.com/reports/semicond…
The global semiconductor market size stood at USD 513.08 billion in 2019 and is projected to reach USD 726.73 billion by 2027, exhibiting a CAGR of 4.7% during the forecast period. The growth of this market is attributed to the increasing consumption of consumer electronics devices across the globe.
www.fortunebusinessinsights.com/semiconductor-…As the impact of digital on lives and businesses has accelerated, semiconductor markets have boomed, with sales growing by more than 20 percent to about $600 billion in 2021. McKinsey analysis based on a range of macroeconomic assumptions suggests the industry’s aggregate annual growth could average from 6 to 8 percent a year up to 2030.www.mckinsey.com/industries/semiconductors/our … - People also ask
Semiconductor Market Size, Share, Growth & Forecast [2032]
The report provides a comprehensive overview of the global semiconductor market, covering its components, applications, regional trends, and COVID-19 impact. It also analyzes the drivers, restraints, and opportunities for the market growth, as well as the latest technologies and innovations. See more
Growing Demand for IoT, AI Integration and Wireless Communicating Products to Propel the Market Growth AI integration has been a new technological trend, enabling adoption of … See more
Higher Capital Costs and Inventory Drawdowns with Technological Advances May Impede the Market Growth The high dependency of the … See more
- By Component Analysis
- Memory Devices Segment to Showcase Highest CAGR Due to Ongoing Technol…
- By Application Analysis
- To know how our report can help streamline your busin… See more
Growing Product Use in Consumer Electronics and Integrated CircuitsIntegration to Drive the Market Growth The COVID-19 pandemic has improved the average house earnings by minimizing expenses and increasing the disposable income of … See more
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