Lucintel Expects the Global Semiconductor Material Market to Reach $88 Billion by 2028

DALLAS, May 2, 2023 /PRNewswire/ -- According to a new market report published by Lucintel, the future of the global semiconductor material market looks promising with opportunities in the consumer electronic, telecommunication, manufacturing, automotive, energy & utility industries. The global semiconductor material market is expected to reach an estimated $88.8 billion by 2028 with a CAGR of 6.4% from 2023 to 2028. The major drivers for this market are increasing advancements in the semiconductor industry and the growing requirements for advanced semiconductor products.

In this market, packaging material is expected to witness highest growth over the forecast period due to its extensive usage in the space, aircraft, and aerospace industries. Within semiconductor material market, consumer electronics is expected to witness highest growth over the forecast period due to the increasing number of smartphones, tablets, and other hand-held devices.

Asia Pacific will remain the largest region and it is expected to witness the highest growth over the forecast period due to growth of the semiconductor industry.

LG Chem, Kyocera, Hitachi Chemical, BASF, Indium Corp., Henkel are among the major semiconductor material companies.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global semiconductor material market by material type, end use industry, and region. Lucintel has prepared a comprehensive research report entitled "Semiconductor Material Market: Trends, Opportunities and Competitive Analysis [2023-2028]".

For any questions related to semiconductor material market or related to semiconductor material companies, semiconductor material market size, semiconductor material market share, semiconductor material analysis, semiconductor material market growth, semiconductor material market research, write us at email: [email protected].

Related Reports:

If you wish to deep dive on some other segments of semiconductor market then look into below relevant reports from Lucintel.

Semiconductor Packaging Material Market

Thin Film Semiconductor Deposition Market

Semiconductor Bonding Material Market

SiC Power Semiconductor Market

Space Semiconductor Market

Compound Semiconductor Market

About Lucintel

Lucintel one of the premier global market research and management consulting firm, offering solutions for your growth through game changer ideas through robust market & unmet need analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years.

Contact Us

Roy Almaguer

Lucintel, Dallas, Texas, USA

Email: [email protected] 

Tel. 972.636.5056

SOURCE Lucintel

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED