Semiconductor Market Report : Trends, Forecast and Competitive Analysis 1

Industry Profiles Snapshot Major ParameterDescription Market Segments by Product Integrated circuit, discrete semiconductor, optoelectronics, and sensor Market Segments by Application Communication, consumer electronics, automotive electronics, pc/computer, industrial and others Market Segments by Technology Artificial intelligence and non- artificial intelligence Market Segments by Region North America, Europe, Asia Pacific and Rest of the World. Top Companies Name Samsung Electronics, Intel, SK Hynix, Qualcomm, Broadcom, Micron, Texas Instrument, Microchip, Stmicroelectronics, NXP Semiconductors, and others. Trend Growth Rate and CAGR4.1% Key Industry Forecast The semiconductor market is expected to reach $573 billion by 2024 with a CAGR of 4.1% from 2019 to Key Industry Driver Driver: Growth in wireless communication, increasing demand for advanced safety features in automotive, and growth in internet connected devices. 2

Industry Overview Market Size The semiconductor market is expected to reach $573 billion by 2024 with a CAGR of 4.1% from 2019 to Emerging trends, which have a direct impact on the dynamics of the industry, include development of artificial intelligence based semiconductors and increasing demand for semiconductor in autonomous driving technology. Market Size (2024)$573 billion CAGR ( )4.1% 3 Industry Performance : Forecast