Semiconductors - Australia

Australia

Revenue in the Semiconductors market is projected to reach US$1.34bn in 2024.
Optoelectronics dominates the market with a projected market volume of US$0.77bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.08%, resulting in a market volume of US$1.80bn by 2029.
In global comparison, most revenue will be generated in China (US$177.80bn in 2024).

Definition:

Semiconductors are the crucial building blocks of all the electronics we see daily. The semiconductor industry comprises companies that design, fabricate, assemble, test, and supply semiconductors that are suitable for various applications. The semiconductor market represents the market size of the semiconductors used in various electronics applications.

Structure:

The semiconductor market is structured into four different markets based on the functionality of the semiconductors as follows:

The Discrete Semiconductors market represents the semiconductors that have a basic function and are mostly built using a single semiconductor device. These are further used in an application in conjunction with other semiconductors.
The Integrated Circuits market is the largest market and represents the semiconductors that have specific functionality. They generally consist of several basic semiconductor devices. This market is further divided into Analog Integrated Circuits, Logic Integrated Circuits, Memory Integrated Circuits, and Micro Integrated Circuits.
The Optoelectronics market represents the semiconductors that have functionality related to light.
The last market Sensors & Actuators represents the semiconductors that sense real-world factors and those that actuate other devices.

Additional Information:

The semiconductor market comprises revenue, revenue change, and key player market shares as the key performance indicators. Only the revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included and the revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B), and governments (B2G). Further definitions of the markets can be found on respective pages.

Key players in this market include Samsung, Intel, SK Hynix, Qualcomm, Micron, etc.,

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Analyst Opinion

The Semiconductors market in Australia has been experiencing significant growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this development. Customer preferences in Australia have shifted towards increased demand for electronic devices and technological advancements. As the country becomes more digitally connected, there is a greater need for semiconductors to power these devices. Additionally, the rise of smart homes, wearable technology, and Internet of Things (IoT) devices has further fueled the demand for semiconductors in Australia. Trends in the market have also played a crucial role in the growth of the Semiconductors market in Australia. The country has seen an increase in the production and adoption of renewable energy sources, such as solar panels. This has led to a higher demand for semiconductors used in solar power systems. Furthermore, the automotive industry in Australia has been transitioning towards electric vehicles, which require semiconductors for their advanced features and functionalities. Local special circumstances in Australia have contributed to the development of the Semiconductors market. The country has a strong focus on research and development in the field of technology and innovation. This has led to the emergence of local semiconductor companies and startups, which have contributed to the growth of the market. Additionally, Australia has a well-established manufacturing sector, which has the capability to produce high-quality semiconductors. Underlying macroeconomic factors have also played a significant role in the growth of the Semiconductors market in Australia. The country has a stable and growing economy, which has provided a conducive environment for businesses to thrive. Furthermore, the government has implemented policies and initiatives to support the growth of the technology sector, including the semiconductor industry. This has attracted foreign investments and fostered innovation in the market. In conclusion, the Semiconductors market in Australia has been developing rapidly due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The increasing demand for electronic devices, the rise of renewable energy sources, the transition towards electric vehicles, and the focus on technology and innovation have all contributed to the growth of the market. With a stable economy and supportive government policies, the Semiconductors market in Australia is expected to continue its upward trajectory in the coming years.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the money spent at the manufacturer price level (excluding VAT).

Modeling approach / Market size:

Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market. As a basis for evaluating markets, we use the annual financial reports of the market-leading companies and reports from our primary research. In addition, we use relevant key market indicators and data from country-specific associations. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.