Semiconductor Market - Forecast(2021 - 2026)
Semiconductor Market Overview: According to the Global System for Mobile Communications (GSMA), the number of Internet of Things (IoT) connections – cellular and non-cellular both will enhance three-times globally between 2017 and 2025, and it will surpass the 25 billion mark [1] , which is going to usher the demand for semiconductors. This resonates with the market size of semiconductors which was valued between $420 billion to $430 billion in 2018 by IndustryARC’s market analyst. Furthermore, the analyst has estimated the demand for semiconductors to grow with a superlative CAGR of 10% to 12% during the forecast period of 2019 to 2025. Request Sample Owing to the growing number of mobile devices in countries such as China, India, Taiwan, and South Korea, stroking sublime growth in the consumer electronics sector, the APAC region held the maximum global semiconductor market share in 2018 which translated to 70% as of 2018, according to the findings by the market analyst. Semicon