Latest News- Semiconductor Market: N and C is expected to lead the Application segment during 2025-2029

The Semiconductor Market is being driven by Growing adoption of IoT devices

The Semiconductor Market is expected to grow at a CAGR of 4.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 157.1 billion. The semiconductor industry's energy and water demands are significant, with a single fabrication plant requiring approximately 1 terawatt-hour (TWh) of energy annually and two-to-four million gallons of ultra-pure water daily. The increasing demand for semiconductors, driven by emerging technologies such as 5G, Artificial Intelligence (AI), and the Internet of Things (IoT), necessitates a corresponding expansion in production. This surge in manufacturing necessitates substantial increases in energy consumption and water usage. Leading semiconductor manufacturers, including Taiwan Semiconductor Manufacturing Company, Limited (TSMC) and Intel Corporation (Intel), recognize the environmental implications of these demands and are implementing comprehensive sustainability programs. TSMC, for instance, has developed water recycling applications, expanded diverse water sources, and engineered pollution prevention techniques to optimize water usage efficiency. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • N and C
  • Data processing
  • Industrial
  • Consumer electronics
  • Others
• Product
  • ICs
  • Optoelectronics
  • Discrete semiconductors
  • Sensors
• Semiconductor Materials
  • Fabrication
  • Pacakging
• End-User
  • OEMs
  • Aftermarket
  • Distributors
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing adoption of IoT devices
• Increasing number of data centers
• Rising demand from automotive industry

However, the market also witnesses some limitations, which are as follows:

• Supply-demand gap in global semiconductor market
• Impact of trade war on semiconductor market
• Manufacturing complexities of semiconductors

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Market Scope in Semiconductor Market Research Report

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Research Analysis Overview

The semiconductor market encompasses the design, manufacturing, and integration of semiconductor devices, including system-in-package (SiP) and wafer-level packaging, utilizing advanced technologies such as 3D integration and through-silicon vias (TSVs). Neuromorphic chips and quantum computers are emerging areas. Semiconductor design software and testing equipment are essential for production, with failure analysis and reliability testing ensuring quality. Semiconductor standards and manufacturing automation, including cleanroom technology, are critical for industry trends and market analysis. Semiconductor investment is driven by these developments and the ongoing evolution of technology.

Market Research Overview

The semiconductor market, a significant segment of the global technology hardware, storage, and peripherals industry, encompasses manufacturers of integrated circuits, memory chips, silicon wafers, power management components, and other related products. According to Technavio, this market is driven by the increasing volume, velocity, veracity, and variety (4Vs) of data, fueling the demand for advanced data storage solutions. The parent technology hardware, storage, and peripherals market comprises manufacturers of cellular phones, personal computers, servers, electronic components, and peripherals, including data storage components, motherboards, audio and video cards, monitors, keyboards, printers, and other related equipment. Market size is determined by the revenue generated from sales of these hardware devices, equipment, and components. Other key growth factors include the proliferation of the Internet of Things (IoT) and the expansion of the consumer electronics sector.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/