Semiconductors - Denmark

Denmark

Revenue in the Semiconductors market is projected to reach US$451.10m in 2024.
Integrated Circuits dominates the market with a projected market volume of US$320.10m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.30%, resulting in a market volume of US$703.80m 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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Market

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Analyst Opinion

The Semiconductors market in Denmark has been experiencing steady growth in recent years.

Customer preferences: Customers in the Semiconductors market in Denmark are increasingly demanding high-performance and energy-efficient semiconductor products. They are also looking for smaller and more compact devices that can be integrated into various applications. Additionally, customers are placing a greater emphasis on the reliability and durability of semiconductors.

Trends in the market: One of the key trends in the Semiconductors market in Denmark is the growing demand for semiconductors in the automotive industry. As the automotive industry continues to evolve and shift towards electric and autonomous vehicles, the demand for semiconductors for various applications such as advanced driver-assistance systems (ADAS), infotainment systems, and powertrain control systems is increasing. This trend is driven by the need for advanced technologies to enhance safety, connectivity, and efficiency in vehicles. Another important trend in the market is the increasing adoption of Internet of Things (IoT) devices. Denmark is known for its advanced digital infrastructure and high internet penetration rate, which creates a favorable environment for the growth of IoT devices. These devices require semiconductors for connectivity, processing, and sensor integration, driving the demand for semiconductors in the country.

Local special circumstances: Denmark is home to several leading semiconductor companies and research institutions. These companies and institutions are actively involved in the development of advanced semiconductor technologies, including silicon photonics, quantum computing, and 5G communication. The presence of these industry players and research institutions creates a conducive environment for innovation and technological advancements in the Semiconductors market in Denmark.

Underlying macroeconomic factors: The strong economic performance of Denmark has contributed to the growth of the Semiconductors market. The country has a stable economy, high GDP per capita, and a highly skilled workforce. These factors attract investment and encourage the establishment of semiconductor manufacturing facilities and research centers in Denmark. Furthermore, the government of Denmark has been actively supporting the development of the semiconductor industry through various initiatives and policies. These include tax incentives, research grants, and collaborations between industry and academia. These initiatives aim to foster innovation, attract investment, and strengthen the competitiveness of the Semiconductors market in Denmark. In conclusion, the Semiconductors market in Denmark is experiencing steady growth driven by customer preferences for high-performance and energy-efficient semiconductor products. The increasing demand for semiconductors in the automotive industry and the adoption of IoT devices are key trends in the market. The presence of leading semiconductor companies and research institutions, as well as the support from the government, further contribute to the development of the market. The strong economic performance of Denmark and its favorable business environment also play a significant role in the growth of the Semiconductors market in the country.

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.