Computer Microchip Market Size – Industry Structure Evaluation, Demand Drivers Analysis, Regional Growth Analysis and Identification, Competitive Positioning Review & Global Market Size Forecast to 2030
Overview
CAGR of the Global Computer Microchip market is expected to be 10.3% during the forecast period and the market size is expected to reach nearly USD 48.54 billion by 2030.
Global Computer Microchip Market Introduction
Computer chip, also called a chip, integrated circuit, or small wafer of semiconductor material embedded with integrated circuitry. Chips comprise the processing and memory units of the modern digital computer. As transistor components have shrunk, the number per chip has doubled about every 18 months, from a few thousand in 1971 (Intel Corp.’s first chip) to more than one billion in 2006. Nanotechnology is expected to make transistors even smaller and chips correspondingly more powerful as technology advances.
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Global Computer Microchip Market Dynamics
The market growth may be attributed to factors including increasing demand and continuous product innovations. Growth of IT industry, macro-economic scale, and continued high growth (average annual growth of global semiconductor industry is 16% per year in recent decades). The increasing demand for computers and smartphones is one of the major factors anticipated to gain traction in the computer microchips market. Further, the advent of IoT and automation process requires high-performance and smaller microchips, which in turn, is expected to drive the demand for Computer Microchip during the coming years. However, the high capital investment to build a state of art fabrication facility is expected to deter the growth of the Computer Microchip market.
The industry is moving towards an integrated model since only a few companies can compete owning to rapidly changing technology and high capital investments. Key players in microchip designing and manufacturing are Samsung, Intel, Broadcom, Qualcomm, AMD, and TSMC.
Global Computer Microchip Market Segment Analysis
A semiconductor foundry (commonly called a fab; also known as a semiconductor fabrication plant) is a factory where devices such as Integrated Circuits (IC) are manufactured. Taiwan Semiconductor Manufacturing Company, Limited (TSMC) has been the leader of the market for many years now. The world’s most valuable semiconductor company, TSMC is one of the biggest companies in Taiwan and the world’s largest dedicated independent semiconductor foundry. With a global capacity of about 13 million 300mm equivalent wafers per year, the Taiwanese company makes chips for customers with process nodes from 2 microns to 5 nanometers. Some of the biggest customers of TSMC include Apple and Huawei.
The European Union is considering building an advanced semiconductor factory in Europe to avoid relying on the U.S. and Asia for technology at the heart of some of its major industries.
Global Computer Microchip Market Regional Insights
The Asia Pacific showed the fastest growth rate during the forecast period due to the emerging economies. China represents huge potential for microchips with the low cost of raw materials and huge production facilities in the country. APAC comprising economies like China, India, South Korea, Australia and other rising economies showcased significant market growth followed by North America and Europe in 2019. The U.S is expected to exhibit high market growth over the forecast period owing to its early technological advancement and high capital expenditure.
Recent Developments
In 2020, Intel expanded the 11th generation of its “Core” processor chip architecture from last year’s chips for thin laptops by adding new chips for more powerful (and bulkier) gaming laptops and desktops. New Core S-series chips for desktops are 14% faster than Intel’s prior best gaming chips.
Qualcomm, the leading maker of mobile chips for smartphones revealed its latest processor designs. An updated under-glass fingerprint sensor that can unlock a phone when the user simply presses a finger on the display. The second-generation 3D Sonic Sensor is 50% faster at unlocking than Qualcomm’s original technology from 2019.
Best known for its innovations in the area of safety, Volvo aims to use Nvidia’s Orin to propel itself to forefront of the self-driving technology by launching third generation XC90. Effectively a type of central nervous system for cars, Nvidia’s proprietary Orin chip combines 17 billion transistors across various processing cores. It was designed to crunch vast amounts of data generated by autonomous vehicles, which navigate by constantly probing their surroundings.
The next generation of Volvo’s XC90 flagship crossover will come equipped with Orin starting in 2022.
In 2020, Nvidia unwrapped its Nvidia A100 artificial intelligence chip, the ultimate instrument for advancing AI. The chip has a monstrous 54 billion transistors (the on-off switches that are the building blocks of all things electronic), and it can execute 5 petaflops of performance, or about 20 times more than the previous-generation chip Volta.
Global Computer Microchip Market Report Scope: Inquire before buying
| Computer Microchip Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | USD 24.44 Bn. |
| Forecast Period 2024 to 2030 CAGR: | 10.3% | Market Size in 2030: | USD 48.54 Bn. |
| Segments Covered: | by Product Type | Integrated Device Fabless Foundry |
|
| by End User | Consumer Electronics Automotive Healthcare Military and Civil Aerospace |
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Global Computer Microchip Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Global Computer Microchip Market, Key Players
1. Intel Corp
2. Taiwan Semiconductor Manufacturing Co. Ltd
3. Qualcomm Inc
4. Broadcom Inc
5. Micron Technology Inc
6. Texas Instruments Inc
7. ASE Technology Holding Co Ltd
8. NVIDIA Corp
9. ST Microelectronics NV
10. NXP Semiconductors NV
11. Advanced Micro Devices INC
12. Celera
13. GCT Semiconductor
14. AMD
15. Global Foundries
16. NUVIA
17. Infineon
Frequently Asked Questions:
1. Which region has the largest share in Global Computer Microchip Market?
Ans: Asia Pacific region held the highest share in 2023.
2. What is the growth rate of Global Computer Microchip Market?
Ans: The Global Computer Microchip Market is growing at a CAGR of 10.3% during forecasting period 2024-2030.
3. What is scope of the Global Computer Microchip Market report?
Ans: Global Computer Microchip Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Computer Microchip Market?
Ans: The important key players in the Global Computer Microchip Market are – Intel Corp, Taiwan Semiconductor Manufacturing Co. Ltd, Qualcomm Inc, Broadcom Inc, Micron Technology Inc, Texas Instruments Inc, ASE Technology Holding Co Ltd, NVIDIA Corp, ST Microelectronics NV, NXP Semiconductors NV, Advanced Micro Devices INC, Celera, GCT Semiconductor, AMD, Global Foundries, NUVIA, and Infineon.
5. What is the study period of this Market?
Ans: The Global Computer Microchip Market is studied from 2023 to 2030.