February 22, 2024

Insights on Semiconductor Market within the Information Technology Sector | Rising Adoption of Semiconductors ICs in Automobiles to Emerge as a Key Driver | Technavio

LONDON–(BUSINESS WIRE)–The global semiconductor market is expected to grow at a CAGR of over 4%…

Insights on Semiconductor Market within the Information Technology Sector | Rising Adoption of Semiconductors ICs in Automobiles to Emerge as a Key Driver | Technavio

LONDON–(BUSINESS WIRE)–The global semiconductor market is expected to grow at a CAGR of over 4% during 2020-2024, according to the latest market research report by Technavio. The report provides a detailed analysis on the impact and new opportunities created by the COVID-19 pandemic. The report also helps clients keep up with new product launches in direct & indirect COVID-19 related markets.

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Semiconductor ICs are increasingly being used in devices across industries such as aerospace and defense, automotive, and consumer electronics. Over the years, the sales of automobiles have increased across the world. In addition, automakers are focusing on integrating innovative technologies in their vehicles, which has increased the use of semiconductor ICs. These factors are expected to fuel the growth of the global semiconductor market during the forecast period.

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Semiconductor Market: COVID-19 Impact Analysis on Parent Market

The global information technology market is the parent market of the semiconductor market. Within its scope, the information technology market covers vendors offering software, IT services, communications equipment, technology hardware, storage, and peripherals, electronic equipment and instruments, and semiconductor and semiconductor equipment. Our report on the semiconductor market offers a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as analysis on several large and small vendors active in the market including Samsung Electronics Co. Ltd., Intel Corp., SK Hynix Inc., Micron Technology Inc., Qualcomm Inc., Broadcom Inc., Texas Instruments Inc., Toshiba Corp., Western Digital Corp., NXP Semiconductors NV, STMicroelectronics NV, Infineon Technologies AG, Apple Inc., MediaTek Inc., Renesas Electronics Corp., and NVIDIA Corp.

Technavio’s research report on the semiconductor market identifies the key drivers, trends, challenges, and the market scenario over the forecast period. The report also analyzes the impact of these factors on the overall information technology market.

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Semiconductor Market: Segmentation Analysis

The global semiconductor market has been analyzed across various segments to identify market dynamics, developments, and key growth areas during the forecast period. The report also offers insights on high growth regions and opportunities for vendors operating in each sub-segment of the semiconductor market. The market is segmented as follows:


  • Discrete semiconductor

    • Diodes market
    • Varactor tuning diodes market
    • Transistors markets
    • Small signal transistors market
    • Switching transistors market
    • Power transistors market
    • Rectifiers market
    • Thyristors market
  • ICs

    • Analog IC
    • Analog SLICs market
    • Amplifiers market
    • Interface market
    • Voltage regulators market
    • Data converters market
    • Comparators market
    • Analog ASSPs market
    • Automotive ASSPs market
    • Consumer product ASSPs market
    • Computer ASSPs market
    • Communication ASSPs market
    • Industrial ASSPs market
  • Microcomponents

    • Microprocessors market
    • x86 microprocessor market
    • MIPS processor market
    • PowerPC microprocessors market
    • Microcontrollers market
    • Automotive MCUs market
    • Consumer products MCUs market
    • Computer MCUs market
    • Wireless communication MCUs market
    • Wired communication MCUs market
    • Digital signal processors market
    • Cellular basebands market
    • Base station DSPs market
    • VoIP processor market
    • Automotive DSPs market
  • Memory

    • DRAM market
    • SDRAM (Synchronous DRAM) market
    • DDR (Double Data Rate) market
    • DDR2 market
    • DDR3 market
    • DDR4 market
    • QDR (Quad Data Rate) market
    • RDRAM (Rambus DRAM) market
    • NAND flash memory market
    • SLC market
    • TLC market
    • MLC market
    • Legacy memory market
    • SRAM market
    • NOR flash memory market
  • Logic IC

    • Special purpose logic market
    • PC core logic market
  • GPUs market
  • HDD SoCs market
  • WLAN market
  • Ethernet controllers
  • Audio/video decoders market
  • Video backend ICs market
  • Display driver market
  • LCD driver market
  • Plasma display driver market
  • Source driver market
  • Gate driver market
  • General purpose logic market
  • Simple gates market
  • Flip-flop circuits market
  • Switches market
  • Registers market
  • ASICs (Application Specific Integrated Circuits) market
  • Gate arrays market
  • Cell-based ICs market
  • FPGAs/Programmable logic devices market
  • Field programmable gate array (FGPA) market
  • Programmable array logic (PAL) market
  • Complex programmable logic devices (CPLD) market


  • Temperature sensors market
  • Pressure sensors market
  • Acceleration and yaw rate sensors market
  • Magnetic field sensors market
  • LEDs market
  • Solenoids market


  • Light-emitting diodes (LEDs)
  • Optical couplers
  • Laser diodes
  • Others


  • Consumer electronics
  • Aerospace and defense
  • Telecommunication
  • Automotive
  • Others

Geographic segmentation

  • North America (NA)
  • South America (SA)
  • Europe
  • Asia Pacific (APAC)
  • Middle East and Africa (MEA)

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Vendor Landscape

Technavio’s industry coverage utilizes various sources and tools to gather information about multiple stakeholders and their offerings toward the semiconductor market. Sources such as company websites, annual reports, whitepapers, subscription & in-house databases, industry journals, publications, and magazines are used in addition to other relevant sources. The vendor landscape provides a framework to estimate the information technology market, while also categorizing the vendors into pure-play, category-focused, or diversified based on their offerings. All market reports provide the key and contributing players across the value chain based on in-house influence index, developed using multiple industry and market parameters.

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