Semiconductor Device Market In Consumer Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Semiconductor Device Market Analysis

The Semiconductor Device Market In Consumer Industry is expected to grow from USD 90.66 billion in 2024 to USD 137.58 billion by 2029, at a CAGR of 8.70% during the forecast period (2024-2029).

• Most consumer electronics, like mobile phones, laptops, game consoles, microwaves, and refrigerators, operate with semiconductors, such as integrated chips, diodes, and transistors. The high demand for these devices is a key factor contributing to the market growth.
• The use of integrated circuits is widespread in consumer electronics with microprocessor control, from cell phones and portable music players to gaming systems, PCs, and other digital devices. An integrated circuit (IC) or chip is an extremely sophisticated device that packs up many electronic components like capacitors, transistors, and resistors into an area of a few square centimeters on a silicon wafer.
• Further, the emergence of trends, such as consumer Internet of Things (IoT), has fueled the demand for the semiconductor devices market in the consumer industry. An ideal example of consumer IoT is the smart home, where electronic equipment, lighting, HVAC systems, and appliances are all controlled and monitored from a central hub. IoT applications cannot work without integrated circuits and sensors, so all IoT devices require semiconductors, which creates a huge growth potential for the market studied.
• Moreover, the explosive growth of smartphones and smart home devices in the markets in recent years has fueled the demand for the semiconductor device market in the consumer industry. The increasing adoption of the fifth-generation (5G) wireless technology for digital devices is also one of the major contributing factors to the rising demand for connected devices and smart products, thereby supporting the market's growth.
• The Russia and Ukraine war negatively impacted the supply chain in the semiconductor Industry. According to SEMI, Ukraine and China supply about 80% of Xenon and krypton gasses. These gasses are highly used in semiconductor manufacturing, and they can be obtained mainly through steel manufacturing and with the help of Air Separation units.
• With the war in place and no dedicated Air Separation Units elsewhere, the lead time for semiconductor manufacturing is increasing, leading to chip shortages across the industries studied.

Semiconductor Device Market Trends

Increase Penetration of Smartphones and Smart Wearable Devices

Semiconductor Device Industry Segmentation

A semiconductor device is an electronic component made from semiconductor materials like silicon. It exhibits variable electrical conductivity, enabling control and manipulation of electrical currents. Common semiconductor devices include transistors, diodes, and integrated circuits. These devices are fundamental in modern electronics, serving functions like signal amplification, switching, and signal processing. They form the core of microchips, enabling the operation of computers, smartphones, and countless other electronic devices, making them integral to the functioning of our technologically driven world.

The semiconductor device market in the consumer industry is divided into various segments, including discrete semiconductors, optoelectronics, sensors, and integrated circuits (analog, logic, memory, and micro (microprocessors, microcontrollers, and digital signal processors)). This market analysis encompasses regions such as the United States, Europe, Japan, China, Korea, Taiwan, and the Rest of the World.

Market sizes and future predictions are expressed in terms of monetary value (USD) for each of these segments.