Semiconductor And Other Electronic Component Global Market To Reach Value Of About $1.1 Trillion In 2025

The semiconductors and other electronic components market consists of sales of semiconductors and other electronic components by entities (organizations, sole traders and partnerships) that produce semiconductors and other components for electronic applications. Examples of products made by these establishments are capacitors, resistors, microprocessors, bare and loaded printed circuit boards, electron tubes, electronic connectors, and computer modems.

Global Semiconductor And Other Electronic Component Market Size And Drivers:

The global semiconductor and other electronic component market is expected to grow from $833.58 billion in 2020 to $916.96 billion in 2021 at a compound annual growth rate (CAGR) of 10%. The market is expected to reach $1.13 trillion in 2025 at a CAGR of 6%.

The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.

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Trends In The Global Semiconductor And Other Electronic Component Market

Semiconductor companies across the globe are seeking to enhance their competitiveness by increasing investment in green semiconductors. The trend mainly aims to reduce the energy consumption as well as limit data usage.

Global Semiconductor And Other Electronic Component Market Segments:
The global semiconductor and other electronic component market is further segmented based on type, application, sales channel, mode and geography.
By Type: Semiconductor And Related Devices, General Electronic Components.
By Application: Automotive, Manufacturing, Others.
By Sales Channel: OEM, Aftermarket.
By Mode: Online, Offline.
Subsegments Covered: Integrated Circuits, Memory Chips, Microprocessors, Other Semiconductor And Related Devices
By Geography:The global semiconductor and other electronic component market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global semiconductor and other electronic component market, accounting for 53% of the total market.

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Semiconductor And Other Electronic Component Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides semiconductor and other electronic component market overviews, analyzes and forecasts market size and growth for the global semiconductor and other electronic component market, semiconductor and other electronic component market share, semiconductor and other electronic component market players, semiconductor and other electronic component market segments and geographies, semiconductor and other electronic component market’s leading competitors’ revenues, profiles and market shares. The semiconductor and other electronic component market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.