TSMC Holds Top Position Amid Paradigm Shift in Semiconductor Market

Due to the rising demand for consumer electronics and the introduction of revolutionary technologies like artificial intelligence (AI), the Internet of Things (IoT), and machine learning (ML), the global semiconductor industry has experienced spectacular growth in recent years.

According to a report published by Stellar Market Research, which evaluates that the semiconductor market is to rise at a compound annual growth rate (CAGR) of 9.90 percent over the forecast period, reaching USD 1080.83 billion by 2030.

The Semiconductor market was valued at USD 558.18 billion in 2023, respectively.

TSMC Tops Amid Fierce Competition

Strategic changes and fierce competition are currently affecting the semiconductor market. As the leading foundry in the world, Taiwan Semiconductor Manufacturing Company (TSMC) maintains its position because of its large investments in cutting-edge process technologies.

In an effort to challenge TSMC’s hegemony, Samsung and Intel are also making significant strides by expanding their manufacturing capacities and creating state-of-the-art process nodes.

A new dynamic in the competitive landscape has emerged with China’s ascent to prominence in the semiconductor sector, owing to the country’s quick breakthroughs in chipmaking skills and the rapid expansion of its domestic fabrications. Long-term prospects for the semiconductor industry are favorable despite a dip in 2023 because of the expanding demand for high-performance computing and the increasing use of cutting-edge technologies.

Key Drivers For The Semiconductor Market

• Integrated circuits (ICs) are a key factor propelling the semiconductor industry because of their adaptability and integration skills.
• China is the top supplier of semiconductors, while India is a significant importer.
• Profitability is impacted by high production costs and fierce competition, and semiconductor availability is impacted by supply chain interruptions brought on by geopolitical conflicts.
• The semiconductor businesses with the largest revenue generation offer a diverse array of products such as complex systems on a chip, memory chips, commodity integrated circuits, and microprocessors.

The Domination of APAC Continues in Semiconductor Market

The semiconductor market is dominated by Asia Pacific, as evidenced by significant investments, technological advancements, and tactical moves. More than 60% of global semiconductor sales are made in this area, which is led by significant companies like Taiwan, South Korea, and China. In the global foundry market, Taiwan Semiconductor Manufacturing Company (TSMC) alone maintains the biggest market share. By 2024, Malaysia hopes to draw investments in semiconductors worth more than $100 billion, demonstrating the region’s commitment to developing its semiconductor capabilities.

Furthermore, as the government works to establish India as a worldwide hub for semiconductor design and manufacture, the country’s Semiconductor Mission and noteworthy foreign direct investments have contributed to the country’s emergence as a semiconductor powerhouse. The localization of semiconductor manufacture within the region has been expedited by the ongoing trade tensions and supply chain disruptions.

The region’s industry supremacy is further cemented by South Korea’s dominance in memory chips and Japan’s advancements in semiconductor materials, mainly through companies like Samsung and SK Hynix. The growing need for semiconductors brought on by developments in 5G, AI, and automotive technology is being tapped into by emerging markets. Asia Pacific is positioned as the heart of the global semiconductor industry, ready to impact the future of technology, thanks to a purposeful drive towards innovation and capacity expansion.

Key Market Share According to Segments:

• The size of the worldwide audio amplifier IC market was estimated at USD 3.57 billion in 2023. From 2024 to 2030, the market is projected to develop at a compound annual growth rate (CAGR) of 7.5%, with revenues likely to reach approximately USD 5.92 billion.
• Semiconductor in Wireless Communication Market Size: Estimated at USD 62 billion in 2023, the market’s total revenue is projected to rise at a compound annual growth rate (CAGR) of 7% from 2024 to 2030, or over USD 99.56 billion.
• The size of the global power MOSFET market was estimated to be worth USD 8.78 billion in 2023. From 2024 to 2030, the market is projected to develop at a compound annual growth rate (CAGR) of 7.18%, with a peak value of about USD 14.27 billion.
• The size of the global semiconductor laser market was estimated at USD 7.26 billion in 2023. From 2024 to 2030, the market is projected to expand at a compound annual growth rate (CAGR) of 12.80%, reaching approximately USD 16.87 billion.
• The size of the semiconductor market in the healthcare industry was estimated at USD 68.21 billion in 2023. From 2024 to 2030, the market’s total revenue is projected to expand at a compound annual growth rate (CAGR) of 11.41%, to reach approximately USD 145.32 billion.
• The military and aerospace semiconductor market is predicted to grow at a compound annual growth rate (CAGR) of 5.7% from its 2023 valuation of USD 22.18 billion to USD 32.70 billion by 2030.
• The size of the global power semiconductor market was estimated at USD 47.26 billion in 2023. From 2024 to 2030, the market is projected to increase at a compound annual growth rate (CAGR) of 4.46%, reaching approximately USD 64.16 billion.

• Automotive Semiconductor Market Size: At a CAGR of 8.7%, the market is projected to grow from its 2023 valuation of USD 48.89 billion to USD 87.67 billion by 2030.

• The entire size of the DRAM market is predicted to increase at a CAGR of 10.57% from 2024 to 2030, reaching around USD 188.54 billion by that time. The DRAM market was valued at USD 93.31 billion in 2023.

To Read The Full Report: CLICK HERE