Electronics & Semiconductor
Electronics & Semiconductor Market Research Reports & Industry Analysis
The electronics and semiconductor industry is conglobated collection of various companies concerned with the designing, manufacturing and fabrication of semiconductor devices and components. This industry was established in the year 1960 and has now grown to $412.2 billion in 2017. Various industries namely telecommunications, information technology (IT), IT enabled (ITeS), Office Automation (OA), industrial machinery and automation, medical electronics, automobile, engineering, power and solar photovoltaic, défense and aerospace, consumer electronics, etc are responsible for enhancing the market base of electronics and semiconductor industry. South Korea, USA, Japan, Israel, Taiwan, Singapore, China and European Union are few major countries dominating the global electronics and semiconductor industry.
Industry growth Statistics:
As per the (WSTS), the global semiconductor market grew by 21.6 percent and reached USD 419 billion in the year 2017 and is expected to be up by 9.5 percent to reach to US$451 billion in 2018.