Electronic Consumer Device Semiconductors Market Report and Forecast 2024-2032

According to this report, the global electronic consumer device semiconductors market size reached a value of USD 91.00 billion in 2023. Aided by the increasing demand for electronic devices and advancements in semiconductor technology, the market is projected to further grow at a CAGR of 8.9% between 2024 and 2032 to reach a value of USD 196.02 billion by 2032.

Semiconductors are integral components of nearly all modern electronic devices, from smartphones and tablets to laptops, televisions, and smart home products. They facilitate the operation of these devices by controlling electrical signals and enabling functionalities such as computing, storage, connectivity, and display. As electronic consumer devices become more sophisticated and connected, the demand for high-performance semiconductors is continuously fuelling the market expansion.

The increasing consumer demand for advanced gadgets, such as 5G smartphones, wearable technology, and smart home devices, is driving the electronic consumer device semiconductors market growth. The shift toward digitalization, the Internet of Things (IoT), and artificial intelligence (AI) is further contributing to this trend, as these technologies require efficient and powerful semiconductors to function effectively.

The growing reliance on smart and connected devices is one of the primary factors propelling the market growth. In recent years, consumer preferences have shifted towards smart homes, where devices such as smart thermostats, security systems, lighting, and appliances are interconnected. These devices rely on semiconductors for communication, processing, and automation, resulting in increased demand for these crucial components.

The proliferation of 5G technology is a key factor contributing to the electronic consumer device semiconductors market revenue. 5G-enabled devices, especially smartphones, require more advanced and efficient semiconductor chips to support faster data transmission and improved processing power. As the deployment of 5G networks expands globally, the demand for 5G-compatible consumer devices and their respective semiconductors will continue to grow.

Furthermore, the increasing focus on energy-efficient solutions has prompted semiconductor manufacturers to invest in the development of low-power chips. This is particularly important in the consumer electronics sector, where battery life and energy efficiency are key selling points for mobile devices, laptops, and wearable technologies. This is one of the key electronic consumer device semiconductors market trends.

Additionally, the consumer electronics market is increasingly influenced by the trend toward miniaturization, where devices are becoming smaller and more powerful. This trend requires highly efficient semiconductors that can provide maximum performance while maintaining minimal energy consumption and heat generation. Innovations in semiconductor fabrication, such as the development of smaller nanometer-scale transistors, have facilitated this growth, thereby fuelling the electronic consumer device semiconductors market demand.

The growing popularity of wearable technology, including fitness trackers, smartwatches, and augmented reality (AR) devices, is also a significant contributor to the rise of the semiconductor market. These compact devices require specialised semiconductors to manage sensors, displays, and connectivity features.

Advancements in semiconductor technologies, such as system-on-chip (SoC) designs, are favourably shaping the electronic consumer device semiconductors market dynamics. SoCs integrate multiple components, including processors, memory, and communication modules, into a single chip, enhancing the functionality and energy efficiency of consumer devices. As the demand for more integrated, multifunctional devices grows, SoC solutions are expected to gain prominence in the coming years.

The Asia-Pacific region dominates the global electronic consumer device semiconductors market share, accounting for a significant share of both production and consumption. Countries such as China, South Korea, Taiwan, and Japan are home to major semiconductor manufacturing companies and consumer electronics giants, driving regional market growth. The increasing adoption of smart devices, coupled with the rapid deployment of 5G networks, has bolstered demand for semiconductors in this region.

As per the electronic consumer device semiconductors market analysis, North America and Europe also represent important markets, driven by high demand for smartphones, laptops, and other consumer electronics. In particular, the United States remains a hub for semiconductor innovation, with several leading companies investing in cutting-edge technologies to maintain a competitive edge.

In summary, the global electronic consumer device semiconductors market is set to experience robust growth over the coming years, fuelled by increasing consumer demand for advanced electronic devices, the rapid adoption of 5G technology, and ongoing innovations in semiconductor design.

Market Segmentation

The market can be divided based on product type, application, and region.

Market Breakup by Product Type

• Integrated Circuits (ICs)
• Discrete Semiconductors
• Optoelectronics
• Sensors
• Others

Market Breakup by Application

• Smartphones
• Laptops
• Tablets
• Wearables
• Home Appliances
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global electronic consumer device semiconductors market. Some of the major players explored in the report are as follows:

• Intel Corporation
• Samsung Electronics Co., Ltd.
• Qualcomm Incorporated
• Broadcom Inc.
• Texas Instruments Incorporated
• NXP Semiconductors N.V.
• Others