Global Semiconductors Market Forecast 2017-2024
The Semiconductor market is expected to grow above 7.6% CAGR during the forecast period of 2017-2024. The semiconductor industry serves as a driver, enabler and indicator of technological progress. Developments in this industry determine the way people work, communicate, transport and entertain themselves and respond to the environment. Our Market Research Report consist of 73 pages with detailed market analysis with three lists of tables and fourteen lists of figures. The global semiconductors market is characterized by an increased level of competition, due to the presence of large, multinational competitors.
Due to improving market growth, coupled with key economies moving out of recession and rising demand for electronic end-products, the semiconductor industry has been in good health over 2014. As environmental issues are becoming more of a concern, semiconductor devices are being made to reduce power consumption, heat dissipation, capture solar energy and create more efficient lighting solutions, amongst others.
The global Semiconductors market is segmented on the basis of geography and end-usage. The End-usage is further segmented into Data Processing, Communications, Consumer Electronics, Industrial Devices, Automotive and Military and Civil Aerospace.
The market drivers for Semiconductors market are increase in the popularity of wearable technologies, advancements in new technologies and Internet of Things.
The rising demand for office automation products, IT hardware and Consumer Electronics like mobile phones and automotive products additionally drives the global Semiconductors market.
Increase in Semiconductor revenues, depression in the mobile phones, smart phones and computer market will affect the market growth of Semiconductors market.
The Asia-Pacific Semiconductors market is poised to grow above a CAGR of 8% and lead the Semiconductor market. During the forecast period, Asia-Pacific will be leading the Semiconductors market followed by Europe and the US. The major reason for the depression in the US market is strengthening of the US dollar which will drive revenues from foreign sales down.
The key players contributing to the growth of Semiconductor Market are Intel Corporation, Qualcomm Incorporated, Nxp Semiconductors and Texas Instruments among others.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook