APAC Semiconductor Device Market in Consumer Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Asia-Pacific Semiconductor Device Market in Consumer Industry is segmented by Device Type (Discrete Semiconductors, Optoelectronics, Sensors, Integrated Circuits (Analog, Logic, Memory, Micro (Microprocessors, Microcontrollers, Digital Signal Processors)), and Country (China, Japan, India, Korea, Taiwan). The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments.

APAC Semiconductor Device Market Size

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APAC Semiconductor Device Market In Consumer Industry Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 8.50 %
Market Concentration Low

Major Players

APAC Semiconductor Device Market In Consumer Industry Major Players

*Disclaimer: Major Players sorted in no particular order

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APAC Semiconductor Device Market Analysis

The Asia Pacific Semiconductor device market in the consumer industry was valued at USD 52.96 billion in the current year and is expected to grow at a CAGR of 8.5% during the forecast period to become USD 86.4 billion by the end of the forecast period. Consumer electronics is the fastest-growing segment, contributing to market expansion. The expansion of smartphones, which is predicted to increase with population growth, is the key driving force for this market. Consumer electronics are driving the industry due to increased demand for products like tablets, smartphones, laptop computers, and wearable gadgets. As semiconductor technology advances, new market areas, like Machine Learning (ML), are rapidly being integrated.

Semiconductor devices are widely used in home appliances to increase efficiency and reduce power consumption. These devices include diodes, transistors, and integrated circuits (ICs). For instance, diodes are used in refrigerators, air conditioners, and washing machines to convert AC voltage to DC voltage, thereby improving energy efficiency. The use of semiconductors in home appliances has made them more affordable and environmentally friendly, reducing energy costs and carbon emissions.

According to the National Bureau of Statistics of China, In December 2022, retail sales of household appliances and consumer electronics in China totaled over CNY 79 billion. Further, Midea Group, a Chinese firm, was one of the world's largest household appliance companies in 2022, with a total sales value of roughly USD 51 billion. Gree Electric Appliances, another Chinese manufacturer, came in with a total sales value of almost USD 28 billion. Such huge sales of home appliances would create a demand for the studied market

Smartphone demand has significantly increased in recent years, particularly in emerging economies like India. Additionally, the introduction of 5G-enabled smartphones and the burgeoning demand for telecom and auto automation systems are driving up the demand for 5G chipsets in developed economies. Therefore, it is assumed that the semiconductor devices may experience strong growth during the forecast period due to the rising production of 5G chipsets. The development of highly processing microchips or microprocessors is expected to attract increasing investments from market participants like Intel Corporation and Infineon Technologies AG, which is expected to drive up product demand in the semiconductor device market.

On the flip side, the semiconductor industry is considered to be one of the most complex industries, due to more than 500 processing steps involved in the manufacturing and several products, but also the harsh environment it faces. For instacne, the volatile electronic market and the unpredictable demand. Depending on the complexity of the manufacturing process, there can be up to 1,400 process steps in the overall manufacturing of semiconductor wafers alone. Transistors are manufactured on the lowest layer, but the process is repeated as several layers of circuits are formed to create the final product. The complexity of manufacturing semiconductor devices is likely to restrain the growth of the studied market.

The COVID-19 pandemic also had a significant impact on the semiconductor devices market. The industry faced several supply chain issues and fluctuations in the availability and prices of raw materials. According to the Semiconductor Industry Association, the semiconductor industry began its recovery after 2021. Despite logistical challenges related to COVID-19, semiconductor facilities located in Asia-Pacific are anticipated to continue to function normally with high-capacity rates.

APAC Semiconductor Device Market Trends

The Integrated Circuits Segment is Expected to Drive the Market's Growth

Discrete semiconductors are used in various electronic products, including smartphones. These semiconductors perform minor electronic functions, including power conversion, voltage regulation, data transmission, and high-definition digital displays in smartphones. Some of the many discrete semiconductors used in smartphones include transistors, diodes, and power devices.

According to the India Cellular and Electronics Association (ICEA) projections, India's smartphone exports more than quadrupled to USD 11.1 billion (Rs 91,000 crore) in FY23, up from USD 5.48 billion (Rs 45,000 crore) the previous year, owing mainly to the Apple juggernaut. Furthermore, the Ministry of Information and Broadcasting secretary stated that India will have over 1.2 billion mobile phone users and 600 million smartphone users in 2022. Such massive exports of smartphones and a vast number of smartphone users would drive the demand for the studied market.

Computer commonly use discrete semiconductor devices for various functions such as power conversion, voltage regulation, and signal processing. These devices are specified to perform electronic parts such as amplification, rectification, and switching. Examples of discrete semiconductor devices used in computers include diodes, transistors, and rectifiers. However, with the continuous scaling of semiconductor technology, integrated circuits are increasingly being used in place of discrete components due to their smaller size, lower cost, and higher performance.

Further, according to MeitY (India), in the fiscal year 2022, the value of computer hardware production in India was estimated to be around INR 298 billion. This was an increase above the previous fiscal year's production value. The country's computer hardware production value has steadily increased. Further, according to the Department of Commerce, at the end of the fiscal year 2023, the export value for computer hardware from India was estimated to be approximately USD 554 million. Such a rise in computer production and exports would drive the market.

Developing countries like India are also focusing on ambitions to create semiconductor devices manufacturing capability, and various investments from the vendors in the market are driving the market. For instance, in September 2022, Foxconn and local conglomerate Vedanta, based in Taiwan, invested USD 19.5 billion to set up a manufacturing facility in Gujrat, India. The facility is expected to be operational by 2024.

APAC Semiconductor Device Market In Consumer Industry: Ownership rate of smartphones, in %, South Korea, 2011 to 2022

India is Expected to Witness a High Market Growth

Discrete semiconductors are used in various electronic products, including smartphones. These semiconductors perform minor electronic functions, including power conversion, voltage regulation, data transmission, and high-definition digital displays in smartphones. Some of the many discrete semiconductors used in smartphones include transistors, diodes, and power devices.

According to the India Cellular and Electronics Association (ICEA) projections, India's smartphone exports more than quadrupled to USD 11.1 billion (Rs 91,000 crore) in FY23, up from USD 5.48 billion (Rs 45,000 crore) the previous year, owing mainly to the Apple juggernaut. Furthermore, the Ministry of Information and Broadcasting secretary stated that India will have over 1.2 billion mobile phone users and 600 million smartphone users in 2022. Such massive exports of smartphones and a vast number of smartphone users would drive the demand for the studied market.

Computer computers commonly use discrete semiconductor devices for various functions such as power conversion, voltage regulation, and signal processing. These devices are specified to perform electronic parts such as amplification, rectification, and switching. Examples of discrete semiconductor devices used in computers include diodes, transistors, and rectifiers. However, with the continuous scaling of semiconductor technology, integrated circuits are increasingly being used in place of discrete components due to their smaller size, lower cost, and higher performance.

Further, according to MeitY (India), in the fiscal year 2022, the value of computer hardware production in India was estimated to be around INR 298 billion. This was an increase above the previous fiscal year's production value. The country's computer hardware production value has steadily increased. Further, according to the Department of Commerce, at the end of the fiscal year 2023, the export value for computer hardware from India was estimated to be approximately USD 554 million. Such a rise in computer production and exports would drive the market.

Developing countries like India are also focusing on ambitions to create semiconductor devices manufacturing capability, and various investments from the vendors in the market are driving the market. For instance, in September 2022, Foxconn and local conglomerate Vedanta, based in Taiwan, invested USD 19.5 billion to set up a manufacturing facility in Gujrat, India. The facility is expected to be operational by 2024.

APAC Semiconductor Device Market In Consumer Industry: Value of computer hardware production, INR Billion, India, 2014 to 2022

APAC Semiconductor Device Industry Overview

The APAC semiconductor devices market in consumer electronics is fragmented with several players like Intel Corporation, Kyocera Corporation, Toshiba Corporation, etc. The companies continuously invest in strategic partnerships and product developments to gain substantial market share. Some of the recent developments in the market are:

August 2022: Samsung Electronics launched its new semiconductor research and development complex in Giheung, Korea, to extend its prominence in advanced semiconductor technology. The company plans to invest approximately KRW 20 trillion by 2028 in the complex. The R&D center would cover an area of about 109,000 sq. m within its Giheung campus. The new facility would be engaged in advanced research on next-generation devices and processes for memory and system semiconductors, as well as developing innovative new technologies based on a long-term roadmap.

August 2022: Taiwan Semiconductor Manufacturing Co (TSMC) announced it is working on an ultra-advanced 3-nanometer (nm) chip. The next-generation 3nm chips are constructed on Gate-All-Around (GAA) technology, which it claims would allow an area reduction of up to 35% while giving 30% higher performance and 50% lower power consumption than the current FinFET process.

APAC Semiconductor Device Market Leaders

  1. STMicroelectronics NV

  2. NXP Semiconductors NV

  3. Toshiba Corporation

  4. Taiwan Semiconductor Manufacturing Company (TSMC) Limited

  5.  SK Hynix Inc.

*Disclaimer: Major Players sorted in no particular order

APAC Semiconductor Device Market In Consumer Industry Concentration
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APAC Semiconductor Device Market News

  • September 2022: Showa Denko Materials Co. Ltd announced that it would increase its production capacity and assessment activities for "CMP slurries," polishing materials used to manufacture semiconductor integrated circuits. At Yamazaki Works and its Katsuta manufacturing facility, as well as its consolidated subsidiary Showa Denko Semiconductor Materials (Taiwan) Co. Ltd in Taiwan, the business will construct a new plant and install more production and evaluation equipment. An investment of approximately JPY 20 billion is made to meet the growing demand for CMP slurry and to drive the development of materials for the advanced needs of cutting-edge devices. This development will enhance Showa Denko Materials Group's CMP slurry manufacturing capacity by approximately 20%.
  • May 2022: GlobalFoundries Inc. (GF) and Motorola Solutions (entered a long-term agreement to safeguard the supply of innovative chip solutions for Motorola Solutions' radios used by various end users, including critical infrastructure, public safety, and enterprise organizations globally.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Bargaining Power of Suppliers

      2. 4.2.2 Bargaining Power of Buyers

      3. 4.2.3 Threat of New Entrants

      4. 4.2.4 Intensity of Competitive Rivalry

      5. 4.2.5 Threat of Substitutes

    3. 4.3 Technological trends

    4. 4.4 Value Chain Analysis

    5. 4.5 Assessment of Impact of COVID-19 on the Market

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

      1. 5.1.1 Emergence of new technologies like AI, and IoT

      2. 5.1.2 Increased Deployment of 5G and Rising Demand for 5G Smartphones

      3. 5.1.3 Increasing demand for smartphones and the introduction of budget friendly smartphones

    2. 5.2 Market Restrains

      1. 5.2.1 High Raw Material and Fabrication Costs

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Device Type

      1. 6.1.1 Discrete Semiconductors

      2. 6.1.2 Optoelectronics

      3. 6.1.3 Sensors

      4. 6.1.4 Integrated Circuits

        1. 6.1.4.1 Analog

        2. 6.1.4.2 Logic

        3. 6.1.4.3 Memory

        4. 6.1.4.4 Micro

          1. 6.1.4.4.1 Microprocessors (MPU)

          2. 6.1.4.4.2 Microcontrollers (MCU)

          3. 6.1.4.4.3 Digital Signal Processors

    2. 6.2 By Geography

      1. 6.2.1 Japan

      2. 6.2.2 China

      3. 6.2.3 India

      4. 6.2.4 South Korea

      5. 6.2.5 Rest of Asia Pacific

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles

      1. 7.1.1 Intel Corporation

      2. 7.1.2 Kyocera Corporation

      3. 7.1.3 STMicroelectronics NV

      4. 7.1.4 NXP Semiconductors NV

      5. 7.1.5 Toshiba Corporation

      6. 7.1.6 Taiwan Semiconductor Manufacturing Company (TSMC) Limited

      7. 7.1.7 SK Hynix Inc.

      8. 7.1.8 Samsung Electronics Co. Ltd

      9. 7.1.9 Fujitsu Semiconductor Ltd

      10. 7.1.10 Infineon Technologies AG

      11. 7.1.11 Renesas Electronics Corporation

      12. 7.1.12 Broadcom Inc.

    2. *List Not Exhaustive
  8. 8. INVESTMENT ANALYSIS

  9. 9. FUTURE OF THE MARKET

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APAC Semiconductor Device Industry Segmentation

A semiconductor device is an electronic component that relies on the electronic properties of semiconductor material for its function.

The Asia-Pacific Semiconductor Device Market in Consumer Industry is segmented by Device Type (Discrete Semiconductors, Optoelectronics, Sensors, Integrated Circuits (Analog, Logic, Memory, Micro (Microprocessors, Microcontrollers, Digital Signal Processors)), and Country (China, Japan, India, Korea, Taiwan). The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments.

By Device Type
Discrete Semiconductors
Optoelectronics
Sensors
Integrated Circuits
Analog
Logic
Memory
Micro
Microprocessors (MPU)
Microcontrollers (MCU)
Digital Signal Processors
By Geography
Japan
China
India
South Korea
Rest of Asia Pacific
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Frequently Asked Questions

The APAC Semiconductor Device Market In Consumer Industry is projected to register a CAGR of 8.5% during the forecast period (2024-2029)

STMicroelectronics NV, NXP Semiconductors NV, Toshiba Corporation, Taiwan Semiconductor Manufacturing Company (TSMC) Limited and  SK Hynix Inc. are the major companies operating in the APAC Semiconductor Device Market In Consumer Industry.

The report covers the APAC Semiconductor Device Market In Consumer Industry historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the APAC Semiconductor Device Market In Consumer Industry size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

APAC Semiconductor Device Market In Consumer Industry Report

Statistics for the 2024 APAC Semiconductor Device In Consumer Industry market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. APAC Semiconductor Device In Consumer Industry analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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APAC Semiconductor Device Market in Consumer Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)