Semiconductor And Other Electronic Component Global Market Report 2021: COVID 19 Impact and Recovery to 2030

Major companies in the semiconductors and other electronic components market include Intel Corporation; Samsung Electronics Co Ltd; Taiwan Semiconductor Mfg Co Ltd; Micron Technology Inc and Qualcomm Incorporated.

New York, Feb. 26, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Semiconductor And Other Electronic Component Global Market Report 2021: COVID 19 Impact and Recovery to 2030" - https://www.reportlinker.com/p06027714/?utm_source=GNW


The global semiconductor and other electronic component market is expected to grow from $833.58 billion in 2020 to $916.96 billion in 2021 at a compound annual growth rate (CAGR) of 10%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1137.07 billion in 2025 at a CAGR of 6%.

The semiconductors and other electronic components market consists of sales of semiconductors and other electronic components by entities (organizations, sole traders and partnerships) that produce semiconductors and other components for electronic applications.Examples of products made by these establishments are capacitors, resistors, microprocessors, bare and loaded printed circuit boards, electron tubes, electronic connectors, and computer modems.

The semiconductors and other electronic components market is segmented into semiconductor and related devices and general electronic components.

Asia Pacific was the largest region in the global semiconductor and other electronic component market, accounting for 53% of the market in 2020.North America was the second largest region accounting for 22% of the global semiconductor and other electronic component market.

Africa was the smallest region in the global semiconductor and other electronic component market.

Semiconductor companies across the globe are seeking to enhance their competitiveness by increasing investment in green semiconductors.The trend mainly aims to reduce the energy consumption as well as limit data usage.

For instance, Samsung’s green DRAM is DDR4, which has reduced operating voltage and doubled bandwidth compared to DDR3.Samsung’s DDR4 offers 40 percent increased performance and up to 15% reduced energy consumption compared with DDR3.

The Korean tech giant is also planning to develop magneto resistive random access memory (MRAM) and Phase-change Memory (PRAM) as next-gen green memory solutions.For instance, some of the major companies manufacturing green semiconductors include Samsung Electronics Co.

Ltd, Intel Corporation and QUALCOMM Inc.
Read the full report: https://www.reportlinker.com/p06027714/?utm_source=GNW

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