Semiconductor Market in East Asia 2020-2024 | Demand from Consumer Electronics Market to Boost Market Growth | Technavio

Technavio has announced its latest market research report titled Semiconductor Market in East Asia 2020-2024 (Graphic: Business Wire)

LONDON--()--The semiconductor market in East Asia is expected to grow by USD 186.19 billion during 2020-2024, according to the latest market research report by Technavio. Request a free sample report

The Japanese consumer electronics market is the third-largest consumer electronics market in the world. Major consumer electronics manufacturers in East Asia such as Toshiba, Panasonic, and Sony are involved in the manufacture of electronics such as printers, scanners, microwaves, refrigerators, washing machines, televisions, digital cameras, smartphones, and other home appliances. The growing adoption of automation in the consumer electronics segment has been encouraging the use of ICs on appliances such as smart ACs and smart TVs. These hi-tech kitchen appliances contain specialized semiconductors for added functionalities. Thus, the growth of consumer electronics market will boost the growth of the semiconductor market in East Asia during the forecast period.

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/report/semiconductor-market-in-east-asia-industry-analysis

As per Technavio, the increase in number of chip fabrication (FABs) worldwide will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

Semiconductor Market in East Asia: Increase in Number of Chip Fabrication (FABs) Worldwide

Industries such as consumer electronics, industrial, telecommunication, data centers, and automotive extensively use ICs for different purposes. For instance, ICs are used in high-density storage devices such as solid-state drives (SSDs) and automobiles for sensing and processing applications. Similarly, they are also used in Industry 4.0 and Internet of Things (IoT) applications and consumer electronics devices such as smartphones and wearables. Hardware devices such as FPGAs, ASICs, and GPUs incorporate machine learning and AI. These devices require semiconductor ICs. This will propel the high volume production or fabrication of semiconductor devices that involves the fabrication of circuit elements on IC chips. This is leading to the expansion of existing fabs and increased investments in the construction of new fabs. Thus, with the increasing number of chip fabrication (FABs) around the world, the semiconductor market in East Asia is expected to showcase a positive outlook during the forecast period.

“Developments in sensor technologies and communication devices and sustainable growth in global semiconductor industry are some other major factors that will boost market growth during the forecast period,” says a senior analyst at Technavio.

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Semiconductor Market in East Asia: Segmentation Analysis

This market research report segments the semiconductor Market In East Asia by end-users (memory, foundry and IDM), and geographic segmentation (China, Taiwan, Japan, South Korea (Republic of Korea), and rest of East Asia).

China led the semiconductor market in East Asia in 2019, followed by Taiwan, Japan, South Korea (Republic of Korea), and Rest of East Asia. During the forecast period, China is expected to register the highest incremental growth due high consumption of semiconductors by communication applications and data processing sectors in China.

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Some of the key topics covered in the report include:

End-Users segmentation

  • Memory
  • Foundry
  • IDM

Geographic segmentation

  • China
  • Taiwan
  • Japan
  • South Korea (Republic of Korea)
  • Rest of Asia

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus 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: https://www.technavio.com

Release Summary

The semiconductor market size in East Asia will grow by USD 186.19 billion during 2020-2024

Contacts

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