Overview of global electronic industry and semiconductor business
The consumer electronics, communication equipment, computer hardware, semiconductors, and electronic component sectors all fall under the broad and diversified umbrella of the global electronics industry.
Rapid technical innovation and developments within the sector have resulted in the creation of new and enhanced goods and services. The development of the Internet of Things (IoT), the use of artificial intelligence (AI), the expansion of cloud computing, and the rising demand for environmentally friendly and sustainable products are some of the significant trends in the sector.
A select group of major companies, including Samsung Electronics, Apple Inc., Huawei Technologies, Dell Technologies, Hewlett-Packard Enterprise, and Lenovo Group, dominate the worldwide electronics market. These businesses create, produce, and market electronic goods and services globally.
The sector faces a number of difficulties, such as the rising cost of R&D, intense rivalry, and geopolitical concerns. The supply chain has been hampered by the continuous semiconductor chip scarcity, which has also slowed the expansion of the sector.
Despite these challenges, the global electronics industry is expected to continue to grow in the coming years, driven by increasing demand for electronic devices and services, technological advancements, and the adoption of new and emerging technologies. According to a report by Allied Market Research, the global electronics market is expected to reach $2.6 trillion by 2025, growing at a CAGR of 4.6% during the forecast period of 2018-2025.
Semiconductor Industry
Computers, cellphones, automobiles, medical devices, and many other electronic gadgets all employ semiconductors, which are a crucial component of the worldwide electronics industry.
Throughout the last few decades, the worldwide semiconductor industry has grown significantly, and this trend is predicted to continue in the future. The worldwide semiconductor market is anticipated to reach USD 726.73 billion by 2027, rising at a CAGR of 6.5% over the forecast period of 2020–2027, according to a research by Market Research Future.
Among others, Intel, Samsung, TSMC, Qualcomm, Broadcom, Micron Technology, SK Hynix, Texas Instruments, NXP Semiconductors, and MediaTek are the prominent companies in the semiconductor sector. These businesses create, produce, and market semiconductors and associated goods on a worldwide scale.
The design and production of modern semiconductors are becoming more complicated and expensive, and there are also increased rivalry from new competitors and geopolitical issues. The semiconductor industry is anticipated to continue expanding and play a significant role in determining the direction of technology in the future due to the rising demand for electronic devices and the emergence of new technologies like 5G, AI, IoT, and autonomous cars.