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Who are the major players in the semiconductor industry?
Several leading consumer electronics brands, including Samsung, Apple, and Huawei, are making large investments in introducing new devices to cater to the increasing consumer demand for advanced devices, supporting the semiconductor industry growth. Increasing Demand for Integrated Circuits in Developing Economies to Boost Growth
What is the size of the semiconductor market?
Based on our analysis, the market exhibited a modest growth of 3.3% in 2020 as compared to the average year-on-year growth during 2017-2019. The market is projected to grow from USD 452.25 billion in 2021 to USD 803.15 billion in 2028 at a CAGR of 8.6% in the 2021-2028 period.
Is the microprocessor segment of the semiconductor market stagnant?
The microprocessors (MPU) and microcontroller (MCU) segments would depict stagnant growth owing to frail shipments and investments for notebook PCs, computers, and standard desktops. In the current market scenario, the increasing popularity of IoT-based electronics is stoking the demand for powerful processors and controllers.
Why are semiconductors important to the technology industry?
Semiconductors are essential technology enablers that power many of the cutting-edge digital devices we use today. The global semiconductor industry is set to continue its robust growth well into the next decade due to emerging technologies such as autonomous driving, artificial intelligence (AI), 5G and Internet
Last Update: Oct 2021
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