Semiconductors - United Kingdom

United Kingdom

Revenue in the Semiconductors market is projected to reach €2.40bn in 2024.
Integrated Circuits dominates the market with a projected market volume of €1.97bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 11.30%, resulting in a market volume of €4.10bn by 2029.
In global comparison, most revenue will be generated in China (€164.90bn in 2024).

Definition:

Semiconductors are the crucial building blocks of all the electronics we see daily. The semiconductor industry comprises companies that design, fabricate, assemble, test, and supply semiconductors that are suitable for various applications. The semiconductor market represents the market size of the semiconductors used in various electronics applications.

Structure:

The semiconductor market is structured into four different markets based on the functionality of the semiconductors as follows:

The Discrete Semiconductors market represents the semiconductors that have a basic function and are mostly built using a single semiconductor device. These are further used in an application in conjunction with other semiconductors.
The Integrated Circuits market is the largest market and represents the semiconductors that have specific functionality. They generally consist of several basic semiconductor devices. This market is further divided into Analog Integrated Circuits, Logic Integrated Circuits, Memory Integrated Circuits, and Micro Integrated Circuits.
The Optoelectronics market represents the semiconductors that have functionality related to light.
The last market Sensors & Actuators represents the semiconductors that sense real-world factors and those that actuate other devices.

Additional Information:

The semiconductor market comprises revenue, revenue change, and key player market shares as the key performance indicators. Only the revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included and the revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B), and governments (B2G). Further definitions of the markets can be found on respective pages.

Key players in this market include Samsung, Intel, SK Hynix, Qualcomm, Micron, etc.,

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Analyst Opinion

The Semiconductors market in United Kingdom has been experiencing significant growth in recent years.

Customer preferences: One of the key customer preferences driving the growth of the Semiconductors market in United Kingdom is the increasing demand for advanced electronic devices. Consumers are constantly seeking more powerful and efficient electronic products, such as smartphones, tablets, and wearable devices. This has led to a higher demand for semiconductors, which are essential components in these devices. Additionally, there is a growing trend towards Internet of Things (IoT) devices, which also require semiconductors for their functionality.

Trends in the market: One of the key trends in the Semiconductors market in United Kingdom is the increasing adoption of artificial intelligence (AI) and machine learning (ML) technologies. These technologies require high-performance semiconductors to process large amounts of data and perform complex calculations. As AI and ML become more prevalent in various industries, the demand for semiconductors is expected to continue to rise. Another trend in the market is the shift towards more energy-efficient semiconductors. With increasing concerns about environmental sustainability, there is a growing demand for semiconductors that consume less power and produce less heat.

Local special circumstances: One of the special circumstances in the United Kingdom that has contributed to the growth of the Semiconductors market is the presence of a strong technology and innovation ecosystem. The country is home to several leading semiconductor companies and research institutions, which have helped drive innovation and technological advancements in the industry. Additionally, the United Kingdom has a highly skilled workforce and a supportive regulatory environment, which has attracted investments and fostered the growth of the semiconductor industry.

Underlying macroeconomic factors: Several macroeconomic factors have played a role in the development of the Semiconductors market in United Kingdom. One of the key factors is the overall growth of the electronics industry worldwide. As the demand for electronic devices continues to rise, the demand for semiconductors also increases. Another factor is the increasing digitalization of various industries. As more industries adopt digital technologies, the demand for semiconductors to power these technologies also grows. Additionally, the United Kingdom's strong economy and stable political environment have attracted investments in the semiconductor industry, further driving its growth.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the money spent at the manufacturer price level (excluding VAT).

Modeling approach / Market size:

Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market. As a basis for evaluating markets, we use the annual financial reports of the market-leading companies and reports from our primary research. In addition, we use relevant key market indicators and data from country-specific associations. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.