Semiconductor micro components form an integral part of any electronic devices such as smart phones, laptop, automated door locks, coffee maker, wearable devices, GPS-enabled pet trackers, mobile phones and other devices that are forming a network of connected devices. Demand for electronic devices across the globe directly affects the demand of semiconductor micro components. The global semiconductor micro components market is predicted to experience a steady growth during the forecast period owing to increasing popularity of internet of thing (IoT) devices during the forecast period from 2016 to 2024.

For the purpose of providing detailed analysis of the market, the semiconductor micro components market is segmented on the basis of application, end use industry and geography. Based on application, semiconductor micro components are majorly used in digital signal processors (DSP), microprocessor and microcontroller. Semiconductor micro components are also used extensively across various sectors including consumer electronics, defense, automotive and industrial sector among others. In addition, in-depth cross sectional analysis of the above mentioned application and end use industry segment across different region such as Asia Pacific, North America, Europe, Middle-East and Africa (MEA) and Latin America is also provided in this report.

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Increasing adoption of embedded DSP (digital signal processors) in the manufacturing process of high performing smart phones in order to process more MIPS (million instructions per second) while consuming less power is one of the primary factor anticipated to boost the demand of semiconductor micro components in the coming years. In addition, the emergence of VLSI (very large scale integration) technology in order to satisfy the rising demand for technologically advanced DSPs required for power efficient smart gadgets, television and air conditioners among others is also anticipated to fuel the demand for semiconductor micro components market from 2016 to 2024. Moreover, increasing demand for microprocessors that can fetch and process various information within a short span of time in order to satisfy the rising demand for cellular standards and various IoT components is also expected to accelerate the demand of semiconductor micro components during the forecast period from 2016 to 2024.

However, declining average selling price of the semiconductor micro components results in lower revenue inflow of the semiconductor micro components manufacturers. This in turn limits many semiconductor manufacturers to enter into the market and is anticipated to affect the market growth negatively during the forecast period.

Among the different applications, the microprocessor segment held the largest market share in 2015 and is expected to maintain its leading position in the coming eight years. Rising demand for advanced microprocessors from various electronic device manufacturers across the globe in order to cope up with the growing demand of smart phones, tablets and IoT devices, is the most important factor behind this segment’s dominance. In addition, increasing demand for microprocessors from various automotive components manufacturers is also predicted to create a better opportunity for various semiconductor micro component manufacturers in the coming years.

Geographically, Asia Pacific region generated the highest revenue across the different region in 2015. This region is also predicted to witness the highest growth in terms of revenue during the forecast period from 2016 to 2024. Majority of the revenue in Asia Pacific region is generated from the foundries in South Korea, Japan and Taiwan. In addition, large consumer base of various semiconductor devices in Asia pacific region also contribute towards the growing demand of semiconductor micro components during the forecast period.

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The global semiconductor micro component market is competitive in nature and is characterized by the presence of large number of semiconductor micro component manufacturers. Presence of large number of manufacturers coupled with increasing investment in research and development activities in the field of semiconductor components by various leading manufacturers in turn is anticipated to bring enhanced quality of semiconductor micro components having improved durability and superior performing features in the coming years. Some of the major players operating in the semiconductor micro components market includes Analog Devices Inc. (US), Intel Corporation (US), Qualcomm Technologies (U.S) and Panasonic Semiconductor Solutions Co. Ltd. (Japan) among others.

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