The global microelectronics market size is expected to reach around US$ 455.67 billion by 2030 from US$ 318.15 billion in 2021 and is expected to grow at an impressive double-digit rate of 4.1% from 2022 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global microelectronics market for the period 2017-2030, wherein 2022 to 2030 is the forecast period and 2021 is considered as the base year.
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Report Scope of the Microelectronics Market
| Report Coverage | Details |
| Market Size by 2030 | USD 455.67 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 4.1% |
| Largest Market | North America |
| Fastest Growing Market | Europe |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
Report Highlights
- On the basis of type, transistors segment holds the largest market share in the global microelectronics market. The segment’s growth is being fueled by the increased need for internet of things. End user industries such as consumer electronics, automotive, industrial, and communication are making extensive use of internet of things devices to streamline their processes. The internet of things applications that are gaining traction include smart devices and smart houses. Thus, during the projected period, this factor is boosting the segment’s growth.
Market Dynamics
Drivers
Growing adoption of various technologies
The manufacturers of microelectronics are adopting wide range of technologies manufacturing microelectronics. Those technologies are internet of things and artificial intelligence. These technologies help to add advance features in microelectronic devices and gadgets. These technologies had also increased the efficiency of microelectronic devices and components. In addition, all the components of microelectronics are being interconnected through these technologies. As a result, growing adoption of various technologies are driving the growth of global microelectronics market over the forecast period.
Restraints
Tariff disruption and trade restrictions
The growth and development of global microelectronics market is entirely dependent on developed and developing regions. The countries such as the U.S., the UK, and China has substantial impact on the growth of the global microelectronics market. The government rules and regulations of particular region and country significantly impact microelectronics market growth. The trade restrictions imposed by these nations is having the negative impact on microelectronics market. As a result, tariff disruption and trade restrictions are restricting the growth of microelectronics market.
Opportunities
Growing adoption of consumer electronics
The factors such as growing disposable income and rapid urbanization are driving the demand for consumer electronics. The consumer electronics devices such as smartphones, televisions, washing machines, and refrigerators are adopted on a large scale. The integrated chips are used on a large scale in these consumer electronics. Many market players are manufacturing consumer electronics with microelectronics. Thus, growing adoption of consumer electronics is creating lucrative opportunities for the growth of global microelectronics market during the forecast period.
Challenges
Limitations with design of microelectronics
The market players operating in microelectronics market face huge challenge regarding designing and packaging ofmicroelectronic devices and gadgets. The manufacturers need to pack small and micro devices in a small package. Due to size limitations, manufacturers and market players are not able to pack microelectronic devices and gadgets effectively and efficiently. As a result, limitations with design of microelectronics are a major challenge for the microelectronics market growth.
Research Methodology
A unique research methodology has been utilized to conduct comprehensive research on the growth of the global microelectronics market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the draw conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.
These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global microelectronics market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.
Why should you invest in this report?
If you are aiming to enter the global microelectronics market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for microelectronics are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Some of the prominent players in the global microelectronics market include:
- Acuity Brands Inc.
- ADT Corporation
- Control4 Corporation
- Crestron Electronics Inc.
- Cisco Systems Inc.
- Honeywell International Inc.
- United Technologies Corporation
- Johnson Controls Inc.
- Ingersoll Rand PLC
- Schneider Electric SE
Market Segmentation:
By Type
- Transistors
- Capacitors
- Inductors
- Resistors
- Insulators
By Software & Algorithm
- Behavioral
- Proactive
By Product
- Lighting Control
- Security and Access Control
- Entertainment Control
- HVAC Control
- Other
By Vertical
- Aerospace and Defense
- Medical
- Construction
- Automotive
- Others
Regional Analysis:
The geographical analysis of the global microelectronics market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American Market is again segmented into the US, Canada, and Mexico. Coming to the European Market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global microelectronics Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global microelectronics market in 2030?
- What is the expected CAGR for the microelectronics market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global microelectronics market?
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Microelectronics Market
5.1. COVID-19 Landscape: Microelectronics Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Microelectronics Market, By Product
8.1. Microelectronics Market, by Product Type, 2022-2030
8.1.1. Lighting Control
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Security and Access Control
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. HVAC Control
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Entertainment Control
8.1.4.1. Market Revenue and Forecast (2017-2030)
8.1.5. Others
8.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Microelectronics Market, By Type
9.1. Microelectronics Market, by Type, 2022-2030
9.1.1. Transistors
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Capacitors
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Inductors
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Insulators
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Resistors
9.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Microelectronics Market, By Software & Algorithm Type
10.1. Microelectronics Market, by Software & Algorithm Type, 2022-2030
10.1.1. Behavioral
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Proactive
10.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Microelectronics Market, By Vertical Type
11.1. Microelectronics Market, by Vertical Type, 2022-2030
11.1.1. Aerospace and Defense
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Medical
11.1.2.1. Market Revenue and Forecast (2017-2030)
11.1.3. Construction
11.1.3.1. Market Revenue and Forecast (2017-2030)
11.1.4. Automotive
11.1.4.1. Market Revenue and Forecast (2017-2030)
11.1.5. Others
11.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Microelectronics Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Product (2017-2030)
12.1.2. Market Revenue and Forecast, by Type (2017-2030)
12.1.3. Market Revenue and Forecast, by Software & Algorithm Type (2017-2030)
12.1.4. Market Revenue and Forecast, by Vertical Type (2017-2030)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Product (2017-2030)
12.1.5.2. Market Revenue and Forecast, by Type (2017-2030)
12.1.5.3. Market Revenue and Forecast, by Software & Algorithm Type (2017-2030)
12.1.5.4. Market Revenue and Forecast, by Vertical Type (2017-2030)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Product (2017-2030)
12.1.6.2. Market Revenue and Forecast, by Type (2017-2030)
12.1.6.3. Market Revenue and Forecast, by Software & Algorithm Type (2017-2030)
12.1.6.4. Market Revenue and Forecast, by Vertical Type (2017-2030)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Product (2017-2030)
12.2.2. Market Revenue and Forecast, by Type (2017-2030)
12.2.3. Market Revenue and Forecast, by Software & Algorithm Type (2017-2030)
12.2.4. Market Revenue and Forecast, by Vertical Type (2017-2030)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Product (2017-2030)
12.2.5.2. Market Revenue and Forecast, by Type (2017-2030)
12.2.5.3. Market Revenue and Forecast, by Software & Algorithm Type (2017-2030)
12.2.5.4. Market Revenue and Forecast, by Vertical Type (2017-2030)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Product (2017-2030)
12.2.6.2. Market Revenue and Forecast, by Type (2017-2030)
12.2.6.3. Market Revenue and Forecast, by Software & Algorithm Type (2017-2030)
12.2.6.4. Market Revenue and Forecast, by Vertical Type (2017-2030)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Product (2017-2030)
12.2.7.2. Market Revenue and Forecast, by Type (2017-2030)
12.2.7.3. Market Revenue and Forecast, by Software & Algorithm Type (2017-2030)
12.2.7.4. Market Revenue and Forecast, by Vertical Type (2017-2030)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Product (2017-2030)
12.2.8.2. Market Revenue and Forecast, by Type (2017-2030)
12.2.8.3. Market Revenue and Forecast, by Software & Algorithm Type (2017-2030)
12.2.8.4. Market Revenue and Forecast, by Vertical Type (2017-2030)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Product (2017-2030)
12.3.2. Market Revenue and Forecast, by Type (2017-2030)
12.3.3. Market Revenue and Forecast, by Software & Algorithm Type (2017-2030)
12.3.4. Market Revenue and Forecast, by Vertical Type (2017-2030)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Product (2017-2030)
12.3.5.2. Market Revenue and Forecast, by Type (2017-2030)
12.3.5.3. Market Revenue and Forecast, by Software & Algorithm Type (2017-2030)
12.3.5.4. Market Revenue and Forecast, by Vertical Type (2017-2030)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Product (2017-2030)
12.3.6.2. Market Revenue and Forecast, by Type (2017-2030)
12.3.6.3. Market Revenue and Forecast, by Software & Algorithm Type (2017-2030)
12.3.6.4. Market Revenue and Forecast, by Vertical Type (2017-2030)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Product (2017-2030)
12.3.7.2. Market Revenue and Forecast, by Type (2017-2030)
12.3.7.3. Market Revenue and Forecast, by Software & Algorithm Type (2017-2030)
12.3.7.4. Market Revenue and Forecast, by Vertical Type (2017-2030)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Product (2017-2030)
12.3.8.2. Market Revenue and Forecast, by Type (2017-2030)
12.3.8.3. Market Revenue and Forecast, by Software & Algorithm Type (2017-2030)
12.3.8.4. Market Revenue and Forecast, by Vertical Type (2017-2030)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Product (2017-2030)
12.4.2. Market Revenue and Forecast, by Type (2017-2030)
12.4.3. Market Revenue and Forecast, by Software & Algorithm Type (2017-2030)
12.4.4. Market Revenue and Forecast, by Vertical Type (2017-2030)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Product (2017-2030)
12.4.5.2. Market Revenue and Forecast, by Type (2017-2030)
12.4.5.3. Market Revenue and Forecast, by Software & Algorithm Type (2017-2030)
12.4.5.4. Market Revenue and Forecast, by Vertical Type (2017-2030)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Product (2017-2030)
12.4.6.2. Market Revenue and Forecast, by Type (2017-2030)
12.4.6.3. Market Revenue and Forecast, by Software & Algorithm Type (2017-2030)
12.4.6.4. Market Revenue and Forecast, by Vertical Type (2017-2030)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Product (2017-2030)
12.4.7.2. Market Revenue and Forecast, by Type (2017-2030)
12.4.7.3. Market Revenue and Forecast, by Software & Algorithm Type (2017-2030)
12.4.7.4. Market Revenue and Forecast, by Vertical Type (2017-2030)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Product (2017-2030)
12.4.8.2. Market Revenue and Forecast, by Type (2017-2030)
12.4.8.3. Market Revenue and Forecast, by Software & Algorithm Type (2017-2030)
12.4.8.4. Market Revenue and Forecast, by Vertical Type (2017-2030)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Product (2017-2030)
12.5.2. Market Revenue and Forecast, by Type (2017-2030)
12.5.3. Market Revenue and Forecast, by Software & Algorithm Type (2017-2030)
12.5.4. Market Revenue and Forecast, by Vertical Type (2017-2030)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Product (2017-2030)
12.5.5.2. Market Revenue and Forecast, by Type (2017-2030)
12.5.5.3. Market Revenue and Forecast, by Software & Algorithm Type (2017-2030)
12.5.5.4. Market Revenue and Forecast, by Vertical Type (2017-2030)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Product (2017-2030)
12.5.6.2. Market Revenue and Forecast, by Type (2017-2030)
12.5.6.3. Market Revenue and Forecast, by Software & Algorithm Type (2017-2030)
12.5.6.4. Market Revenue and Forecast, by Vertical Type (2017-2030)
Chapter 13. Company Profiles
13.1. Acuity Brands Inc.
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. ADT Corporation
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Control4 Corporation
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Crestron Electronics Inc.
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Cisco Systems Inc.
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Honeywell International Inc.
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. United Technologies Corporation
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Johnson Controls Inc.
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Ingersoll Rand PLC
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Schneider Electric SE
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
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