Microelectronics Market Growth, Size, Trends, Revenue, Share, Challenges and Future Competition: SPER Market Research

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Published: Jul 2023	Report ID: SEMI2323	Pages: 1 - 236	Formats^*:
Category : Semiconductor and Electronics

Microelectronics Market Introduction and Overview

According to SPER Market Research, the Global Microelectronics Market is estimated to reach USD 789.50 billion by 2033 with a CAGR of 5.21%.

The report includes an in-depth analysis of the Global Microelectronics Market, including market size and trends, product mix, distribution channels, and supplier analysis. Microelectronics is a division of electronics. The manufacture of incredibly small electrical devices and tools is known as microelectronics. Typically, the micrometre scale is meant. Microelectronic devices frequently make use of semiconductor materials. There are microelectronic versions of many traditional electronic design components. Microelectronics regularly makes use of cutting-edge wiring methods like wire interconnects because the devices are so small. This approach is expensive and requires specialised equipment.

Growing adoption of 5G technology: Advanced microelectronics are needed for 5G technology to allow faster data rates, low latency, and widespread connectivity. The global microelectronics market is expanding as a result of the growing usage of 5G technology across a variety of sectors, including telecommunications, automotive, healthcare, and others.

Increase AI technology: Robotic process automation is driving an increase in the use of artificial intelligence (AI) and related cutting-edge technologies like cognitive automation, computer vision, and machine learning. The automation capabilities being produced by this technological convergence are greatly increasing enterprises' value and competitive advantages for customers.

Market Opportunities and Challenges

Increasing demand for Internet of Things (IoT) devices serve as a major opportunity in the microelectronics industry. The IoT sector is expanding rapidly, with devices ranging from smart home appliances to industrial sensors. This presents an opportunity for microelectronics manufacturers to develop and supply the necessary components for IoT devices, such as microcontrollers, sensors, and wireless communication modules. The growing adoption of IoT across various industries opens up new avenues for revenue and market expansion.

One of the significant challenges in the global microelectronics market is the shortage of skilled labour and talent. The industry requires a highly skilled workforce proficient in areas like semiconductor design, manufacturing processes, system integration, and emerging technologies. However, there is a shortage of professionals with the necessary expertise to meet the increasing demand. The challenge lies in attracting and retaining top talent, investing in training and development programs, and fostering collaboration between academia and industry to bridge the skill gap. Overcoming this challenge is crucial for sustaining growth and innovation in the microelectronics sector.

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Market Competitive Landscape

The global market for microelectronics is very cutthroat. This is attributable to ongoing R&D and the continuous introduction of new technology. Important players are also putting various corporate growth strategies into practise in order to strengthen their position on a regional and global level. Some of these key players in the global Microelectronics market include, Advanced Micro Devices, Inc. (AMD), Cisco Systems Inc., Control4 Corporation, Crestron Electronics Inc., Honeywell International Inc., Intel Corporation, Johnson Controls Inc., Inc., NVIDIA Corporation, Qualcomm Incorporated, Taiwan Semiconductor Manufacturing Company Limited (TSMC), United Technologies Corporation, Others.

Scope of the Report:

Report Metric	Details
Market size available for years	2019-2033
Base year considered	2022
Forecast period	2023-2033
Segments covered	By Type, By Software & Algorithm, By Product, By Vertical
Regions covered	Asia Pacific, Europe, Middle East and Africa, North America, Latin America
Companies Covered	Acuity Brands Inc., ADT Corporation, Advanced Micro Devices, Inc. (AMD), Cisco Systems Inc., Control4 Corporation, Crestron Electronics Inc., Honeywell International Inc., Ingersoll-Rand PLC, Intel Corporation, Johnson Controls Inc., Micron Technology, Inc., NVIDIA Corporation, Qualcomm Incorporated, Schneider Electric SE., Taiwan Semiconductor Manufacturing Company Limited (TSMC), United Technologies Corporation, Others

COVID-19 Impact on Global Microelectronics Market

The COVID-19 pandemic prompted a shift towards localized manufacturing of microelectronics to reduce vulnerability to future disruptions and enhance supply chain resilience. The supply chain disruptions and increased demand resulted in shortages and price increases for microelectronics components, particularly semiconductors. The automotive industry was heavily impacted, affecting the global automotive microelectronics market. Despite these challenges with the recovery of economies and the resumption of industries, the demand for microelectronics has rebounded. The focus on digital transformation, 5G infrastructure development, and emerging technologies like artificial intelligence and Internet of Things (IoT) will drive future growth in the global microelectronics market.

Key Target Audience

Aerospace and Defense Sector
Automotive Industry
Electronics and Consumer Goods Manufacturers
Government Agencies and Regulatory Bodies
Industrial Automation and Robotics
Investors and Financial Institutions
Medical Device Manufacturers
Research and Development Organizations
Semiconductor Manufacturers
Telecommunication Providers

Our in-depth analysis of the Microelectronics Market includes the following segments:

By Type:	Capacitors Inductors Insulators Resistors Transistors
By Software & Algorithm:	Behavioural Proactive
By Product:	Entertainment Control HVAC Control Lighting Control Security and Access Control Other
By Vertical:	Aerospace and Defense Automotive Construction Medical Others

Key Topics Covered in the Report

Global Microelectronics Market Size (FY’2023-FY’2033)
Overview of Global Microelectronics Market
Segmentation of Global Microelectronics Market By Type (Capacitors, Inductors, Insulators, Resistors, Transistors)
Segmentation of Global Microelectronics Market By Software & Algorithm (Behavioural, Proactive)
Segmentation of Global Microelectronics Market By Product (HVAC Control, Security and Access Control, Lighting Control, Entertainment Control, Other)
Segmentation of Global Microelectronics Market By Vertical (Medical, Automotive, Construction, Aerospace and Defense, Others)
Statistical Snap of Global Microelectronics Market
Expansion Analysis of Global Microelectronics Market
Problems and Obstacles in Global Microelectronics Market
Competitive View of the Global Microelectronics Market
Impact of COVID-19 and Demonetization on Global Microelectronics Market
Details on Current Investment in Global Microelectronics Market
Competitive Analysis of Global Microelectronics Market
Key Participants in the Global Microelectronics Market
SWOT Analysis of Global Microelectronics Market
Global Microelectronics Market Future Outlook and Projections (FY’2023-FY’2033)
Recommendations from Analyst

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source

2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s

2.2. Market size estimation

2.2.1. Top-down and Bottom-up approach

2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis

4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges

4.2. COVID-19 Impacts of the Global Microelectronics Market

5. Market variable and outlook

5.1. SWOT Analysis

5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats

5.2. PESTEL Analysis

5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape

5.3. PORTER’s Five Forces

5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry

5.4. Heat Map Analysis

6. Competitive Landscape

6.1. Global Microelectronics Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Microelectronics Market

7. Global Microelectronics Market, By Type (USD Million)

7.1. Global Microelectronics Market Value Share and Forecast, By Type, 2023-2033
7.2. Capacitors
7.3. Inductors
7.4. Insulators
7.5. Resistors
7.6. Transistors

8. Global Microelectronics Market, By Software & Algorithm (USD Million)

8.1. Global Microelectronics Market Value Share and Forecast, By Software & Algorithm, 2023-2033
8.2. Behavioural
8.3. Proactive

9. Global Microelectronics Market, By Product (USD Million)

9.1. Global Microelectronics Market Value Share and Forecast, By Product, 2023-2033
9.2. Entertainment Control
9.3. HVAC Control
9.4. Lighting Control
9.5. Security and Access Control
9.6. Other

10. Global Microelectronics Market, By Vertical (USD Million)

10.1. Global Microelectronics Market Value Share and Forecast, By Vertical, 2023-2033
10.2. Aerospace and Defense
10.3. Automotive
10.4. Construction
10.5. Medical
10.6. Others

11. Global Microelectronics Market Forecast, 2019-2033 (USD Million)

11.1. Global Microelectronics Market Size and Market Share

12. Global Microelectronics Market, By Type, 2019-2033 (USD Million)

12.1. Global Microelectronics Market Size and Market Share By Type (2019-2026)
12.2. Global Microelectronics Market Size and Market Share By Type (2027-2033)

13. Global Microelectronics Market, By Software & Algorithm, 2019-2033 (USD Million)

13.1. Global Microelectronics Market Size and Market Share By Software & Algorithm (2019-2026)
13.2. Global Microelectronics Market Size and Market Share By Software & Algorithm (2027-2033)

14. Global Microelectronics Market, By Product, 2019-2033 (USD Million)

14.1. Global Microelectronics Market Size and Market Share By Product (2019-2026)
14.2. Global Microelectronics Market Size and Market Share By Product (2027-2033)

15. Global Microelectronics Market, By Vertical, 2019-2033 (USD Million)

15.1. Global Microelectronics Market Size and Market Share By Vertical (2019-2026)
15.2. Global Microelectronics Market Size and Market Share By Vertical (2027-2033)

16. Global Microelectronics Market, By Region, 2019-2033 (USD Million)

16.1. Global Microelectronics Market Size and Market Share By Region (2019-2026)
16.2. Global Microelectronics Market Size and Market Share By Region (2027-2033)
16.3. Asia-Pacific

16.3.1. Australia
16.3.2. China
16.3.3. India
16.3.4. Japan
16.3.5. South Korea
16.3.6. Rest of Asia-Pacific

16.4. Europe

16.4.1. France
16.4.2. Germany
16.4.3. Italy
16.4.4. Spain
16.4.5. United Kingdom
16.4.6. Rest of Europe

16.5. Middle East and Africa

16.5.1. Kingdom of Saudi Arabia
16.5.2. United Arab Emirates
16.5.3. Rest of Middle East & Africa

16.6. North America

16.6.1. Canada
16.6.2. Mexico
16.6.3. United States

16.7. Latin America

16.7.1. Argentina
16.7.2. Brazil
16.7.3. Rest of Latin America

17. Company Profile

17.1. Acuity Brands Inc.

17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments

17.2. ADT Corporation

17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments

17.3. Advanced Micro Devices, Inc. (AMD)

17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments

17.4. Cisco Systems Inc.

17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments

17.5. Control4 Corporation

17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments

17.6. Crestron Electronics Inc.

17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments

17.7. Honeywell International Inc.

17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments

17.8. Ingersoll-Rand PLC

17.8.1. Company details
17.8.2. Financial outlook
17.8.3. Product summary
17.8.4. Recent developments

17.9. Intel Corporation

17.9.1. Company details
17.9.2. Financial outlook
17.9.3. Product summary
17.9.4. Recent developments

17.10. Johnson Controls Inc.

17.10.1. Company details
17.10.2. Financial outlook
17.10.3. Product summary
17.10.4. Recent developments

17.11. Micron Technology, Inc.

17.11.1. Company details
17.11.2. Financial outlook
17.11.3. Product summary
17.11.4. Recent developments

17.12. NVIDIA Corporation

17.12.1. Company details
17.12.2. Financial outlook
17.12.3. Product summary
17.12.4. Recent developments

17.13. Qualcomm Incorporated

17.13.1. Company details
17.13.2. Financial outlook
17.13.3. Product summary
17.13.4. Recent developments

17.14. Schneider Electric SE.

17.14.1. Company details
17.14.2. Financial outlook
17.14.3. Product summary
17.14.4. Recent developments

17.15. Taiwan Semiconductor Manufacturing Company Limited (TSMC)

17.15.1. Company details
17.15.2. Financial outlook
17.15.3. Product summary
17.15.4. Recent developments

17.16. United Technologies Corporation

17.16.1. Company details
17.16.2. Financial outlook
17.16.3. Product summary
17.16.4. Recent developments

17.17. Others

18. List of Abbreviations

19. Reference Links

20. Conclusion

21. Research Scope

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

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Frequently Asked Questions About This Report

How big is the Microelectronics Market?

Microelectronics Market is projected to reach USD 789.50 billion by 2033, growing at a CAGR of 5.21% during the forecast period.

What is the growth rate of the Microelectronics Market?

Microelectronics Market grew in market size from 2022. The Market is expected to reach USD 789.50 billion by 2033, at a CAGR of 5.21% during the forecast period.

What is the anticipated CAGR of the Microelectronics Market?

Microelectronics Market CAGR of 5.21% during the forecast period.

How can I get a sample report on the Microelectronics Market?

You can get the sample pages by clicking the link - Click Here

What is the market size of the Microelectronics Market?

Microelectronics Market size is USD 789.50 billion from 2023 to 2033.

Which segment is expected to Microelectronics Market?

Microelectronics Market Segment is covered By Type, By Software & Algorithm, By Product, By Vertical.

Which region is expected to have the highest market share in the Microelectronics Market?

The North America region is anticipated to have the highest market share in the Microelectronics Market.

What is the conclusion of the Microelectronics Market?

Electric tapes, commonly referred to as electrical insulation tape, are a kind of pressure-sensitive tape used to restore or cover up broken insulation on electrical wires and other surfaces that transmit electricity.

Who are the key players in Microelectronics Market?

"The key players in the market include Companies Covered Acuity Brands Inc., ADT Corporation, Advanced Micro Devices, Inc. (AMD), Cisco Systems Inc., Control4 Corporation, Crestron Electronics Inc., Honeywell International Inc., Ingersoll-Rand PLC, Intel Corporation, Johnson Controls Inc., Micron Technology, Inc., NVIDIA Corporation, Qualcomm Incorporated, Schneider Electric SE., Taiwan Semiconductor Manufacturing Company Limited (TSMC), United Technologies Corporation, Others. "