The global market for Industrial Semiconductors is estimated at US$77.9 Billion in 2023 and is projected to reach US$171.3 Billion by 2030, growing at a CAGR of 11.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Several growth drivers are propelling the expansion of the industrial semiconductor market. Technological advancements in semiconductor manufacturing enhance the performance and functionalities of industrial applications, driving broader adoption. The increasing automation in industries, aimed at boosting productivity and reducing costs, relies heavily on semiconductors for efficient operation of systems like robots and automated controls. Additionally, the rise of the Internet of Things (IoT) necessitates semiconductors for enabling device connectivity, crucial for smart factories and interconnected industrial setups. Stricter energy efficiency regulations also push industries to adopt semiconductors for better energy management. Moreover, advancements in power electronics and the robustness required for semiconductors in harsh environments underline their indispensability in high-power applications and sectors such as mining and heavy machinery. The demand for smart manufacturing and the expansion of wireless communication networks further emphasize the critical role of semiconductors in modern industrial operations, ensuring ongoing innovation and efficiency enhancements.
Several growth drivers are propelling the expansion of the industrial semiconductor market. Technological advancements in semiconductor manufacturing enhance the performance and functionalities of industrial applications, driving broader adoption. The increasing automation in industries, aimed at boosting productivity and reducing costs, relies heavily on semiconductors for efficient operation of systems like robots and automated controls. Additionally, the rise of the Internet of Things (IoT) necessitates semiconductors for enabling device connectivity, crucial for smart factories and interconnected industrial setups. Stricter energy efficiency regulations also push industries to adopt semiconductors for better energy management. Moreover, advancements in power electronics and the robustness required for semiconductors in harsh environments underline their indispensability in high-power applications and sectors such as mining and heavy machinery. The demand for smart manufacturing and the expansion of wireless communication networks further emphasize the critical role of semiconductors in modern industrial operations, ensuring ongoing innovation and efficiency enhancements.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Manufacturing Application segment, which is expected to reach US$55.6 Billion by 2030 with a CAGR of a 11.8%. The Automotive Application segment is also set to grow at 13.2% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $20.7 Billion in 2023, and China, forecasted to grow at an impressive 10.9% CAGR to reach $25.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Industrial Semiconductors Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Industrial Semiconductors Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Industrial Semiconductors Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ABB Ltd., Analog Devices Inc., Fuji Electric Co. Ltd., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 57 Featured):
- ABB Ltd.
- Analog Devices Inc.
- Fuji Electric Co. Ltd.
- Infineon Technologies AG
- Intel Corporation
- Maxim Integrated Products Inc.
- Microchip Technology Inc.
- Micron Technology Inc.
- Microsemi Corporation
- Nichia Corporation
- NXP Semiconductors N.V.
- ON Semiconductor Corporation
- Panasonic Semiconductor Solutions Co. Ltd.
- Renesas Electronics Corporation
- STMicroelectronics
- Teledyne e2v (UK) Ltd.
- Texas Instruments Inc.
- Toshiba Corporation
- Xilinx Inc.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
- ABB Ltd.
- Analog Devices Inc.
- Fuji Electric Co. Ltd.
- Infineon Technologies AG
- Intel Corporation
- Maxim Integrated Products Inc.
- Microchip Technology Inc.
- Micron Technology Inc.
- Microsemi Corporation
- Nichia Corporation
- NXP Semiconductors N.V.
- ON Semiconductor Corporation
- Panasonic Semiconductor Solutions Co. Ltd.
- Renesas Electronics Corporation
- STMicroelectronics
- Teledyne e2v (UK) Ltd.
- Texas Instruments Inc.
- Toshiba Corporation
- Xilinx Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 203 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 77.9 Billion |
| Forecasted Market Value ( USD | $ 171.3 Billion |
| Compound Annual Growth Rate | 11.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 19 |
