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.
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
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| Regions covered | Asia Pacific, Europe, Middle East and Africa, North America, Latin America
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| 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:
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By Type:
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Capacitors
Inductors
Insulators
Resistors
Transistors
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By Software & Algorithm:
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Behavioural
Proactive
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By Product:
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Entertainment Control
HVAC Control
Lighting Control
Security and Access Control
Other
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By Vertical:
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Aerospace and Defense
Automotive
Construction
Medical
Others
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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