- In the global OSD segment, USA, Canada, Japan, China and Europe will drive the three per cent CAGR estimated for this segment
- China, the world`s second largest economy, is forecast to reach a projected market size of US$115.6 Billion by the year 2026
Amid the COVID-19 crisis, the global market for Semiconductors, as per StrategyR, was estimated at US$483.2 Billion in the year 2020. The is projected to reach a revised size of US$580.2 Billion by 2026, growing at a CAGR of three per cent. Memory, one of the segments, is projected to record a 2.6 per cent CAGR and reach US$166 Billion by the end of the analysis period.
Growth in the Micro component segment is readjusted to a revised three per cent CAGR for the next 7-year period.
The Semiconductors market in the U.S. is estimated at US$134.1 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$115.6 Billion by the year 2026 trailing a CAGR of 5.5 per cent over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8 per cent and 2.2 per cent respectively, over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.5 per cent CAGR.
In the global OSD segment, USA, Canada, Japan, China and Europe will drive the three per cent CAGR estimated for this segment. These regional markets accounting for a combined market size of US$87.4 Billion in the year 2020 will reach a projected size of US$107.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.
