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Semiconductor Market size is set to grow by USD 112.8 billion from 2024-2028, Growing adoption of IoT devices boost the market, Technavio

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NEW YORK, July 12, 2024 /PRNewswire/ — The global semiconductor market size is estimated to grow by USD 112.8 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  3.42%  during the forecast period. Growing adoption of iot devices is driving market growth, with a trend towards increasing adoption of sustainability manufacturing. However, supply-demand gap in semiconductor industry  poses a challenge. Key market players include Analog Devices Inc., Broadcom Inc., Infineon Technologies AG, Intel Corp., MediaTek Inc., Microchip Technology Inc., Micron Technology Inc., NVIDIA Corp., NXP Semiconductors NV, ON Semiconductor Corp., Qualcomm Inc., Renesas Electronics Corp., Samsung Electronics Co. Ltd., Skyworks Solutions Inc., Sony Group Corp., STMicroelectronics International N.V., Taiwan Semiconductor Manufacturing Co. Ltd., Texas Instruments Inc., Toshiba Corp., and Wolfspeed Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Semiconductor Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 3.42%

Market growth 2024-2028

USD 112.8 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

3.26

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 79%

Key countries

China, US, Germany, Canada, and UK

Key companies profiled

Analog Devices Inc., Broadcom Inc., Infineon Technologies AG, Intel Corp., MediaTek Inc., Microchip Technology Inc., Micron Technology Inc., NVIDIA Corp., NXP Semiconductors NV, ON Semiconductor Corp., Qualcomm Inc., Renesas Electronics Corp., Samsung Electronics Co. Ltd., Skyworks Solutions Inc., Sony Group Corp., STMicroelectronics International N.V., Taiwan Semiconductor Manufacturing Co. Ltd., Texas Instruments Inc., Toshiba Corp., and Wolfspeed Inc.

 

Market Driver

The semiconductor industry faces significant challenges in meeting the increasing demand for semiconductors due to emerging technologies like 5G, AI, and IoT. One fabrication plant requires approximately 1 terawatt-hour (TWh) of energy per year and two-to-four million gallons of ultra-pure water daily. To address these concerns, industry leaders like Taiwan Semiconductor Manufacturing Company (TSMC) and Intel Corporation are implementing sustainability programs. TSMC focuses on water recycling, diverse water sources, and pollution prevention techniques to optimize water usage. Intel aims to conserve 60 billion gallons of water and fund external water restoration projects by 2030, along with achieving 100% renewable energy use and conserving 4 billion kWh of energy. These initiatives not only help reduce environmental impact but also enhance brand image, making sustainability a crucial part of the semiconductor market’s growth strategy. 

In the semiconductor market, emerging technologies like autonomous driving and electrification are driving demand. Autonomous vehicles and electric vehicles require advanced semiconductor components for autonomy and efficient power management. The intense competition among automakers and semiconductor companies necessitates capital investments and manufacturing capacity expansions. Electrification and the shift towards a sustainable future are leading to changes in demand for essential parts like Discrete Semiconductors and Semiconductor Devices in the Semiconductor Devices Segment. High-energy, power-efficient devices are in high demand for wireless, portable electronic products, and system architectures. The post-pandemic era brings challenges like lead times, skilled labor shortages, and supply chain disruptions. Semiconductor companies must adapt to these changes to maintain business revenues and corporate operations. The supply side is affected by shortages of essential components like MOSFETs and power MOSFETs. The telecom sector, with its focus on 5G subscriptions and Power-over-Ethernet (PoE) for power transfer in connected lighting, is another significant market for semiconductors. The semiconductor industry must address manufacturing capacity constraints and customer behavior shifts to remain competitive. Size and component count are crucial factors in the design of efficient power management systems for AC-DC power adapters and switching power supplies. The semiconductor industry must innovate to meet these demands while minimizing power consumption and ensuring reliability. 

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Market Challenges

The semiconductor market has seen a significant increase in demand due to the expanding use of technology in various sectors. Connected devices, artificial intelligence, machine learning, data centers, and smart industries are key drivers of this growth. However, this increased demand has resulted in semiconductor supply shortages and longer lead times. Manufacturers face challenges in meeting demand, leading to delayed chip delivery and price increases. Transitions to new manufacturing nodes, such as 7nm and 5nm, bring production challenges and yield issues, further widening the supply gap. These factors may impact the semiconductor market’s growth during the forecast period.The semiconductor market is experiencing significant challenges in the current business landscape. Companies like Navitas Semiconductor and Polymatech Electronics face hurdles in meeting the increasing demand for chips in VR, 5G, and 6G technologies. ASE/SPIL and Amkor grapple with high inventories and low fab utilization, impacting profitability. The chip industry is under pressure to deliver affordable, dependable, and compact semiconductor devices for diverse electronics, from PC sales to smartphones and data centers. Spring is essential for progress in this sector, with memory chips and communication chips being key areas of focus. The upcoming years will bring forthcoming breakthroughs in semiconductor devices, including generative AI accelerators and AI semiconductors. However, challenges persist, such as cyberattacks, export controls, and the need for advanced node manufacturing equipment. The semiconductor industry IP remains a crucial aspect, with the need for smart manufacturing and contemporary technology to ensure progress and overcome challenges.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This semiconductor market report extensively covers market segmentation by  

Application 1.1 Networking and communication1.2 Data processing1.3 Industrial1.4 Consumer electronics1.5 OthersProduct 2.1 ICs2.2 Optoelectronics2.3 Discrete semiconductors2.4 SensorsGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Networking and communication-  The networking and communication segment is a substantial part of the global semiconductor market, including semiconductor devices and components used in various communication technologies and networking infrastructures. With the growing need for efficient communication, the demand for semiconductor solutions in this sector continues to expand. The widespread use of smartphones, tablets, laptops, IoT devices, and other connected devices has led to increased data demand. Consumers and businesses seek faster and more dependable communication, necessitating advanced semiconductor solutions for high-speed data transmission. The rollout of 5G technology brings the promise of significantly higher data speeds and lower latency, enabling new applications and services, such as enhanced mobile connectivity. 5G networks require a multitude of semiconductor components, including RF front-end modules, baseband processors, and antennas, fueling the demand for communication ICs. The proliferation of IoT devices and applications, from smart homes to industrial sensors, heavily relies on semiconductor solutions for wireless connectivity, data processing, and energy efficiency. The rising popularity of video streaming, online gaming, and social media platforms places immense pressure on network bandwidth. Semiconductor solutions play a crucial role in supporting the efficient and reliable transmission of video content. Consequently, the increasing demand for semiconductors is anticipated to fuel the expansion of the networking and communication segment of the global semiconductor market during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The semiconductor market is experiencing significant growth due to the increasing demand for contemporary technology in various industries. Artificial intelligence and the Internet of Things are driving the market, with machine learning being a key application. According to IDC, the global semiconductor market is expected to reach USD1.1 trillion by 2025. Integrated circuits, memory chips, computer chips, data center chips, and communication chips are in high demand. B2B enterprises, B2G enterprises, and B2C enterprises are all major consumers of semiconductors. The semiconductor industry association reports that semiconductor devices, electronic components, and semiconducting materials are essential for various applications, including PC sales, smartphones, and VAT (vehicle automation technology). Inventories are being managed carefully to ensure profitable fab utilization, and breakthroughs in subsequent technologies, such as transistors and diodes, are expected to fuel further progress.

Market Research Overview

The semiconductor market is experiencing significant growth due to the increasing adoption of artificial intelligence (AI), Internet of Things (IoT), and machine learning technologies across various industries. According to IDC, the global semiconductor market is projected to reach USD1.1 trillion by 2026, driven by the digitization levels of B2B enterprises, B2G enterprises, and B2C enterprises. The semiconductor industry is also impacted by factors such as VAT, exchange rates, and top-down approach vs bottom-up validation. Companies like Navitas Semiconductor, Polymatech Electronics, ASE/SPIL, Amkor, and others are making breakthroughs in AI semiconductors, memory chips, and node manufacturing equipment. The semiconductor industry is also facing challenges such as cyberattacks, export controls, and manufacturing capacity constraints, leading to changes in demand and customer behavior. The forthcoming years will bring intense competition, widespread adoption of emerging technologies like VR, 5G, and 6G, and a sustainable future for electronics in sectors like autonomous driving, electrification, and automakers. Skilled workers, lead times, and capital investments are crucial factors in the semiconductor industry’s profitable operation. Affordability, dependability, compact size, and utilization remain key considerations for diverse electronics, from communication chips in data centers to computer chips in PC sales and smartphones.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationNetworking And CommunicationData ProcessingIndustrialConsumer ElectronicsOthersProductICsOptoelectronicsDiscrete SemiconductorsSensorsGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Brian Greene Tells LMU Graduates: Embrace Your Moment in the Cosmos with Curiosity and Gratitude

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27 minutes ago

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May 19, 2025

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LOS ANGELES, May 18, 2025 /PRNewswire/ — Brian Greene, a leading theoretical physicist and sought-after communicator of groundbreaking scientific concepts, urged those gathered Sunday for Loyola Marymount University’s graduate and LMU Loyola Law School commencement to appreciate their unique existence in the cosmos, embrace their potential, and approach life with gratitude.

Addressing a rapt crowd on LMU’s sun-filled Westchester campus, the best-selling author told graduates “we have each won the most improbable cosmic lottery.” See the press kit with images and Greene’s commencement video HERE.

“Think about how utterly unlikely it is that you exist,” Greene said. “Think about the nearly infinite collection of quantum processes stretching from The Big Bang until today … yet against those astounding odds – for a brief moment of time you exist, as do I.”

Drawing on discoveries from Albert Einstein to Stephen Hawking and Carl Sagan to Edwin Hubble, Greene traced for students and attendees the arc of scientific discovery allowing us to better understand our place in the universe, and the phenomenon of our capacity to live, comprehend, and connect with one another. Greene also noted the contributions of Jesuit-educated Catholic priest Georges Lemaître, who “used Einstein’s math to catch a glimpse of the possibility that space might be expanding,” an idea widely rejected at the time, only to be established a few years later.

“We can think about the past. We can imagine the future. We can take in the universe, mind and body, with reasoning and emotion allowing us to figure out astonishing things, like how stars shine and light travels, how black holes form and time elapses, allowing for creative achievements … all created by minds like yours, like mine, and that …most certainly will continue to create great beauty, to illuminate great mystery, to experience great wonder.”

 This phenomenon of human existence, Greene concluded, “should give us all a deep sense of connection. A kind of cosmic communion, and a sense that I can summarize with one word: gratitude.”

“Gratitude for being a small transient part of this wondrous unfolding, gratitude for our capacity to come together in groups that, at their best, allow us to each realize our potential, gratitude for our capacity for courage like that of George Lemaître, to stand up to authority, to not accept easy answers, and when necessary to fight for what we believe in. Gratitude that is for human existence, for fragile, delicate, difficult, challenging, painful, exhausting, beautiful, exquisite, transcendent, human existence, however brief, however evanescent, however fleeting.”

Greene is a lifelong learner committed to intellectual inquiry, educational access, and academic excellence. Described by The Washington Post as “the single best explainer of abstruse concepts in the world today,” he is the author of four acclaimed books that have collectively sold millions of copies worldwide. His latest best-selling release, “Until the End of Time,” which explores the cosmos and our quest to understand it, was named one of the “100 Notable Books of 2020” by The New York Times.

Greene’s books have been adapted into two Emmy and Peabody Award-winning NOVA miniseries, both of which he hosted. With journalist Tracy Day, he co-founded the World Science Festival, whose flagship events in New York and Australia have reached an audience of more than two million people, and more than 250 million people online. Greene has appeared on “The Late Show with Stephen Colbert,” played himself in an episode of “The Big Bang Theory,” and made cameo appearances in films including “Frequency,” “Maze,” and “The Last Mimzy.” A Harvard graduate and a Rhodes Scholar, he serves as director of Columbia University’s Center for Theoretical Physics.

Nearly 2,900 LMU undergraduate, graduate, and law students participated in weekend commencement celebrations, which began Saturday with Ahmir “Questlove” Thompson addressing the undergraduate commencement ceremony. 

ABOUT LOYOLA MARYMOUNT UNIVERSITY

Loyola Marymount University is one of the nation’s top-ranked Catholic universities, recognized by U.S. News & World Report among the top 50 private and top five Jesuit institutions in the country, and among California’s top six private schools. Founded in 1911 and rooted in the Catholic, Jesuit, and Marymount traditions, LMU enrolls 7,100 undergraduates and 3,000 graduate and law students across seven colleges and schools. The university offers 56 undergraduate majors, 57 minors, 43 master’s degree programs, three doctorate programs, and 12 credential/authorization programs. With top-ranked programs in law, film and television, entrepreneurship, business, and the arts, LMU is embedded in the creative, cultural, and economic life of Los Angeles. The university generates $1.4 billion in annual economic impact. A proud member of the West Coast Conference, LMU fields 14 NCAA Division I teams and competes with purpose, pride, and integrity.

LMU news and events are found at: www.lmu.edu/news.

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SOURCE Loyola Marymount University

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1 in 3 Singapore Jobseekers Tricked by Scams, Reeracoen Survey Warns as Digital Hiring Surges

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27 minutes ago

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May 19, 2025

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New findings highlight growing urgency for digital hiring safeguards as trust in recruiters and job sites declines

SINGAPORE, May 19, 2025 /PRNewswire/ — Amid one of Asia’s most digitally advanced labour markets, a new survey by Reeracoen Singapore, in collaboration with Rakuten Insight Global, reveals that 35% of jobseekers in Singapore encountered job scams in the past year, with over half of them targeted more than once.

This worrying trend comes amid a national surge in scams. According to the Singapore Police Force, scam cases rose by 46.8% in 2023, with job scams alone costing victims more than S$20 million. Despite Singapore’s strong governance and advanced recruitment platforms, digital fraud continues to outpace safeguards.

“As AI continues to evolve, it’s becoming harder to tell what’s real and what’s a scam — especially in digital hiring. This is no longer just a tech problem; it’s a human one,” said Kenji Naito, Group CEO of Reeracoen Group. “The value of human involvement and verified interactions is becoming even more important. We must build hiring ecosystems where people feel safe and trust comes by default.”

Jobseekers Losing Faith in Trusted Platforms

The survey found that fraudsters are exploiting legitimate-looking platforms and impersonating recruiters to target tech-savvy candidates. Among the top job search channels are online job portals and company websites, but even these are being misused by bad actors. In response, 79% of jobseekers said they are highly concerned about scam risks and 40% reported declining trust in recruitment platforms and agencies due to scam exposure.

The most common red flags include requests for upfront fees or personal information and suspiciously high salaries paired with minimal job requirements.

“Even in Singapore’s trusted hiring environment, jobseekers are feeling the impact of impersonation scams,” said Shoichi Sunaga, Branch Manager, Reeracoen Singapore. “Verified listings, stronger employer branding, and human-led screening are no longer optional – they’re essential.”

Jobseekers Call for Platform Accountability

Respondents identified the following as top measures they want from job platforms and recruiters:

Stricter screening of job postingsVerified employer and recruiter accountsReal-time user reporting systems for suspicious adsCollaboration with government agencies for enforcement

Notably, only 1 in 5 respondents said they would pay for additional scam protection, reinforcing the expectation that safety should be a built-in standard, not a premium add-on.

Industry-Wide Call to Action

To address these concerns, the report offers strategic recommendations for employers, platforms, and regulators seeking to strengthen digital hiring integrity:

Deploy verification badge systems to deter impersonationImplement AI-powered screening tools to detect and block fraudulent job postingsEnhance collaboration with regulatory bodies like the Ministry of Manpower and Infocomm Media Development Authority on cross-platform enforcementRun public awareness campaigns to educate jobseekers on red flags and reporting mechanisms

Reeracoen advocates for industry collaboration and policy alignment to build a more resilient, transparent digital hiring ecosystem.

To download the full report or explore Reeracoen’s recruitment services, visit: 

Navigating Job Scams in a Digital Hiring Era: Singapore 2025Think of jobs in Singapore, think of Reeracoen Singapore 

About Reeracoen Singapore

Reeracoen is an award-winning leader in Asia’s recruitment landscape, connecting top-tier talent with forward-thinking organisations across the region. With 9 offices across 6 major Asian countries, we combine deep local networks with cross-border hiring expertise to help businesses grow faster and stronger.

Our excellence has been recognised with recent awards such as:

Best Recruitment & Talent Acquisition Agency 2025Best International Recruitment & Talent Acquisition Agency 2024Best Executive Recruitment Agency 2024

In Singapore, we uphold the highest standards of professionalism and service quality, providing innovative and trusted recruitment solutions to help businesses and candidates succeed in an evolving digital economy. For more information, visit www.reeracoen.sg and follow us on social media.

About Rakuten Insight Global, Inc.

Rakuten Insight Global, Inc. (“Rakuten Insight”) is a wholly-owned online market research subsidiary of Rakuten Group, Inc., a global leader in internet services, headquartered in Tokyo. Rakuten Insight was established in 1997 as AIP Corporation and became part of the Rakuten Group in 2014. Rakuten Insight possesses a research panel focusing on 12 major Asian markets & the US and a panel network covering 60 countries and regions. With offices in 11 countries and regions, Rakuten Insight provides market research for over 500 leading companies around the world. Rakuten Insight Singapore serves as an off-shore market research hub to drive business development and provide multi-lingual and multi-functional operational support for clients based across Southeast Asia. For more information, visit https://insight.rakuten.com/ and follow us on social media.

 

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SOURCE Reeracoen

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Other World Computing (OWC) Launches OWC Thunderbolt™ 5 Dock

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27 minutes ago

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May 19, 2025

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TAIPEI, May 19, 2025 /PRNewswire/ — Other World Computing (OWC®) a trusted leader in high-performance storage, memory, connectivity, software, and accessories, today announced the launch and pre-order availability of the OWC Thunderbolt 5 Dock. Purpose-built for creative professionals, power users, and anyone needing a next-gen desktop expansion solution, this future-ready dock delivers exceptional speed, unmatched versatility, and broad device compatibility in a single streamlined hub.

The OWC Thunderbolt 5 Dock empowers users to do more—from high-resolution video editing to data-heavy workflows to turning a USB-C tablet into a full workstation. With next-level bandwidth and power delivery, it’s designed to maximize productivity wherever work happens.

Key Features:

Blazing-fast data performance with up to 80Gb/s bi-directional bandwidth and 120Gb/s for display-intensive tasksDisplay flexibility with support for up to three 8K displays or dual 6K displays on MacsUniversal compatibility with Thunderbolt 5, 4, 3, USB4, and USB-C—backward- and future-compatible140W power delivery, charging even the most demanding notebooksDaisy chain support for up to three independent Thunderbolt device chains

All the Ports You Need… and Then:
With 11 total ports, users can connect everything they need, including three Thunderbolt 5 (USB-C) ports, two USB-A 10Gb/s, one USB-A 5Gb/s, 2.5GbE Ethernet (MDM ready), SD and microSD UHS-II slots, 3.5mm combo audio, and more.

Transform Your Tablet, Power Your Projects:
The OWC Thunderbolt 5 Dock turns iPad Pro and other USB-C tablets into true desktop workstations—perfect for mobile content creators needing high-speed access to displays, drives, and peripherals through a single cable.

Each unit is Thunderbolt-certified and reliability-tested and included technologies, like OWC Dock Ejector ensures that your data and devices have added protection that other products on the market cannot provide. Apple SuperDrive compatibility for CD/DVD access is also included..

Priced at $329.99, the dock includes a certified Thunderbolt 5 cable, external power supply, and OWC’s award-winning customer support. Pre-orders are now open, with shipping expected in early July. Visit owc.com/solutions/thunderbolt-5-dock for more details.

The OWC Thunderbolt 5 Dock will be showcased at COMPUTEX TAIPEI, May 20–23, 2025, in Booth #J0527a.

About Other World Computing (OWC)

Founded in 1988, OWC is a trusted leader in high-performance storage, docks, and memory card solutions that empower professionals in video and audio production, photography, and business with the tools to seamlessly maximize the performance and reliability of their workflows.

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SOURCE Other World Computing (OWC)

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