Lucintel's latest market report analyzed that semiconductor provides attractive opportunities in the communication, consumer electronics, automotive, and industrial sectors. The semiconductor market is expected to reach $822.0 billion by 2028 with a CAGR of 5.3%. In this market, integrated circuit is the largest segment by device, whereas communication is largest by end use industry. Development of artificial intelligence based semiconductors and increasing demand for semiconductor in autonomous driving technology provides strategic growth path in this market.
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Based on device, the semiconductor market is segmented into integrated circuit, discrete semiconductor, optoelectronics, and sensor. The integrated circuit segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to increasing demand for memory ICs in smartphones, tablet PCs, and other personal media devices.
Browse in-depth TOC on “Semiconductor Market”
60 – Tables
98 – Figures
219 – Pages
The Semiconductor Market is marked by the presence of several big and small players. Some of the prominent players offering semiconductor include Samsung Electronics, Intel, SK Hynix, Qualcomm, Broadcom, Texas Instruments, NXP Semiconductor, Micron Technology, Nvidia, and STMicroelectronics.
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