Semiconductor Fabless Market to reach $9.57 billion by 2032 with growing demand for advanced electronic devices
From GlobeNewswire: 2024-10-23 09:51:00
The Semiconductor Fabless Market was valued at USD 4.21 Billion in 2023, expected to reach USD 9.57 Billion by 2032 with a 9.60% CAGR. Demand for innovative semiconductor solutions is rising across various sectors, driven by AI, IoT, and 5G technologies. The US market is projected to triple its capacity by 2032, becoming the fastest-growing region globally.
The ASIC market thrives with nearly 40.35% of global revenues in 2023, driven by custom-made products and advancements in AI, ML, and 5G technologies. Cyient establishes a subsidiary focusing on ASIC design and manufacturing on a fabless model. Semiconductor Fabless segment is expected to contribute 37.78% of global revenues with the demand for advanced electronic devices.
Asia Pacific leads the global Semiconductor Fabless Market with 56.05% market share in 2023, driven by strong electronics manufacturing focus and innovations. Key players in the region include China, South Korea, Japan, and India. Semiconductor Fabless Market is projected to grow at a CAGR of 10.65% in the US from 2024 to 2030, emphasizing the need for investment in R&D.
Recent developments include the introduction of the VanEck Fabless Semiconductor ETF, Mindgrove Technologies launching India’s first commercial high-performance SoC, and Larsen & Toubro Ltd. planning to invest over USD 300 million in a fabless chip company. The market outlook shows significant growth opportunities and technological advancements in the semiconductor industry.
Read more at GlobeNewswire: Semiconductor Fabless Market Size to Reach USD 9.57 Billion