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DUBLIN--(BUSINESS WIRE)--Nov 2, 2022--
The "Semiconductors: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Semiconductors Market to Reach $782.3 Billion by 2027
The global market for Semiconductors estimated at US$489.7 Billion in the year 2020, is projected to reach a revised size of US$782.3 Billion by 2027, growing at a CAGR of 6.9% over the analysis period 2020-2027.
Memory, one of the segments analyzed in the report, is projected to record a 7.4% CAGR and reach US$229.9 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 6.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $133.4 Billion, While China is Forecast to Grow at 11.4% CAGR
The Semiconductors market in the U.S. is estimated at US$133.4 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$174 Billion by the year 2027 trailing a CAGR of 11.3% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 6.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.
OSD Segment to Record 7.6% CAGR
In the global OSD segment, USA, Canada, Japan, China and Europe will drive the 7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$88.4 Billion in the year 2020 will reach a projected size of US$141.6 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$107.5 Billion by the year 2027, while Latin America will expand at a 9.2% CAGR through the analysis period.
What`s New for 2022?
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS (Total 342 Featured)
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/nakrw3
View source version on businesswire.com:https://www.businesswire.com/news/home/20221102005619/en/
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KEYWORD:
INDUSTRY KEYWORD: TECHNOLOGY SEMICONDUCTOR
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 11/02/2022 08:16 AM/DISC: 11/02/2022 08:17 AM
http://www.businesswire.com/news/home/20221102005619/en