Global Semiconductor Fabless Market Size To Exceed 9.35 Billion By 2033 | CAGR Of 10.29%
Category: Semiconductors & ElectronicsGlobal Semiconductor Fabless Market Size To Exceed 9.35 Billion By 2033 | CAGR Of 10.29%
According to a research report published by Spherical Insights & Consulting, the Global Semiconductor Fabless Market Size Expected to Grow from USD 3.51 Billion in 2023 to USD 9.35 Billion by 2033, at a CAGR of 10.29% during the forecast period 2023-2033.
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Browse key industry insights spread across 211 pages with 110 Market data tables and figures & charts from the report on the "Global Semiconductor Fabless Market Size, Share, and COVID-19 Impact Analysis, By Type (Microcontrollers (MCUs), Digital Signal Processors (DSP), Graphic Processing Units (GPUs), Application Specific Integrated Circuits (ASIC), Power Management ICs (PMICs), and Others), By End-use (Consumer Electronics, Automotive, Industrial, Telecommunication, Healthcare, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/semiconductor-fabless-market
The global semiconductor fabless market refers to companies that design and sell semiconductor chips but do not manufacture them. These fabless firms focus on research, design, and innovation, while foundries handle the actual manufacturing process. Key players in this market include companies like Qualcomm, Nvidia, and AMD. The growth of the global semiconductor fabless market is driven by several factors. Additionally, the increasing demand for advanced electronic devices, such as smartphones, laptops, and automotive technologies, boosts the need for high-performance semiconductors. As industries like AI, IoT, and 5G expand, the reliance on specialized chips grows. Furthermore, the rising trend of outsourcing chip production to reduce capital expenditure and operational costs is a significant factor. Fabless companies can focus on innovation and design, leveraging external foundries for efficient manufacturing. However, the rising cost and complexity of semiconductor design is one of the key drivers that may slow down the growth of the market.
The application specific integrated circuits (ASIC) segment accounted for the largest share in 2023 and is projected to grow at a remarkable CAGR during the forecast period.
On the basis of type, the global semiconductor fabless market is divided into microcontrollers (MCUs), digital signal processors (DSP), graphic processing units (GPUs), application specific integrated circuits (ASIC), power management ICs (PMICs), and others. Among these, the application specific integrated circuits (ASIC) segment accounted for the largest share in 2023 and is projected to grow at a remarkable CAGR during the forecast period. The growth in the segment is due to a growing demand for customized solutions in different industries. ASICs are built to operate for certain applications, and this enables them to provide optimized performance, efficiency, and functionality.
The consumer electronics segment accounted for the largest revenue share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
On the basis of end-use, the global semiconductor fabless market is divided into consumer electronics, automotive, industrial, telecommunication, healthcare, and others. Among these, the consumer electronics segment accounted for the largest revenue share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. Growing demand for sophisticated, feature-laden electronic products is a key driver of the segment's growth. With advancing technology, consumer electronics like smartphones, tablets, smart watches, and smart home appliances need more complex and efficient semiconductor solutions.
Asia Pacific is anticipated to hold the largest share of the global semiconductor fabless market over the predicted timeframe.
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Asia Pacific is anticipated to hold the largest share of the global semiconductor fabless market over the predicted timeframe. The increasing adoption of consumer electronics in India and China is also having a significant impact on the growth of the market. Furthermore, rising government efforts towards embracing EVs are expected to generate several opportunities in the automotive industry which will be favoring fabless companies.
North America is expected to grow at the fastest CAGR in the global semiconductor fabless market during the forecast period. The region is bolstered by heavy R&D investments and a developed tech ecosystem. The need for sophisticated semiconductors in AI, cloud computing, and automobiles also provides a boost to this growth. Additionally, the growth of manufacturing sites and investment in fabless semiconductor technology further enhances North America's dominance. Firms in the region are concentrating more and more on next-generation chip design and AI-based semiconductors.
Major vendors in the global semiconductor fabless market are Qualcomm Inc., Nvidia Corporation, Broadcom Inc., MediaTek Inc., Advanced Micro Devices Inc. (AMD), UNISOC (Shanghai)Technologies Co., Ltd., Novatek Microelectronics Corp., XMOS, LSI Corporation, SMIC, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In May 2024, Mindgrove Technologies, a fabless semiconductor startup backed by Peak XV Partners, introduced India’s first commercial high-performance system on chip (SoC), named Secure IoT. This RISC-V-based chip enables Indian OEMs to integrate a locally developed SoC into their products, helping to lower the cost of their feature-rich devices without sacrificing advanced capabilities.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global semiconductor fabless market based on the below-mentioned segments:
Global Semiconductor Fabless Market, By Type
- Microcontrollers (MCUs)
- Digital Signal Processors (DSP)
- Graphic Processing Units (GPUs)
- Application Specific Integrated Circuits (ASIC)
- Power Management ICs (PMICs)
- Others
Global Semiconductor Fabless Market, By End Use
- Consumer Electronics
- Automotive
- Industrial
- Telecommunication
- Healthcare
- Others
Global Semiconductor Fabless, Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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