Global Semiconductors Market to Reach $595 Billion by 2027
Amid the COVID-19 crisis, the global market for Semiconductors estimated at US$483.2 Billion in the year 2020, is projected to reach a revised size of US$595 Billion by 2027, growing at a CAGR of 3% over the analysis period 2020-2027. Memory, one of the segments analyzed in the report, is projected to record a 2.6% CAGR and reach US$166 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Microcomponent segment is readjusted to a revised 3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $130.6 Billion, While China is Forecast to Grow at 5.5% CAGR
The Semiconductors market in the U.S. is estimated at US$130.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$121.3 Billion by the year 2027 trailing a CAGR of 5.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 2.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR.
OSD Segment to Record 3.4% CAGR
In the global OSD segment, USA, Canada, Japan, China and Europe will drive the 3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$87.4 Billion in the year 2020 will reach a projected size of US$107.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$82.3 Billion by the year 2027, while Latin America will expand at a 4.1% CAGR through the analysis period. We bring years of research experience to this 17th edition of our report. The 780-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Advanced Micro Devices, Inc.
- Amkor Technology, Inc.
- Analog Devices, Inc.
- Applied Materials, Inc.
- Bharat Electronics Ltd.
- Bourns, Inc.
- Bright Led Electronics Corporation
- Broadcom Inc.
- Carlo Gavazzi Holding AG
- CML Technologies GmbH & Co. KG
- Cree, Inc.
- Cypress Semiconductor Corporation
- Digi International, Inc.
- Diodes, Inc.
- ELAN Microelectronics Corporation
- eMagin Corporation
- Fujitsu Ltd.
- GCT Semiconductor, Inc.
- Hitachi Ltd.
- Honeywell International, Inc.
- Infineon Technologies AG
- IPG Photonics Corporation
- Kingston Technology Co., Inc.
- Lattice Semiconductor Corporation
- Linear Technology Corporation
- Lite-on Semiconductor Corporation
- Melexis NV
- Microchip Technology, Inc.
- Microsemi Corporation
- MOSPEC Semiconductor Corporation
- NVIDIA Corporation
- Oki Electric Industry Co., Ltd.
- OmniVision Technologies, Inc. (OVT)
- ON Semiconductor Corporation
- Robert Bosch GmbH
- ROHM Co., Ltd.
- Samsung Semiconductor, Inc. (SSI)
- Seiko Epson Corporation
- Semtech Corporation
- TOREX Semiconductor Ltd.
- Vishay Intertechnology, Inc.