Saudi Arabia Semiconductor Market to be Dominated by Silicon Material Type Until 2028
Increasing demand from
electrical vehicle and rising investments are expected to increase the growth of
Saudi Arabia semiconductor market during the forecast period of 2024-2028.
According to TechSci Research
report, “Saudi Arabia Semiconductor Market – By Region, Competition Forecast &
Opportunities, 2018–2028F”, Saudi Arabia Semiconductor Market is anticipated to
register a robust growth during the forecast period 2024-2028, due to the
rising countrywide usage of consumer electronics devices. Additionally, new
potential for market expansion is being presented by the development of
artificial intelligence (AI), the internet of things (IoT), and machine
learning (ML) technologies. Memory chips can process vast volumes of data more
quickly, thanks to these innovations. Also, during the projection period, the
market will rise because of the rising need for faster and more sophisticated
memory chips in industrial applications.
Furthermore, growing
semiconductor applications and demand are being seen in virtually all industry
verticals because of industrial automation, ongoing improvements in consumer
electronics, and the usage of sensors in vehicles. The market is expanding
largely due to greater focus on consumer electronics. The increasing use of
cellphones and other consumer goods, which results in more spending on process
equipment, is another element aiding in acquiring a competitive edge.
Additionally, semiconductors
are essential for national security and economic competitiveness because semiconductors have driven advances in
communications, computing, health care, military systems, transportation, clean
energy, and countless other applications. Semiconductor innovation is crucial
for the country’s economy to develop into the era of digital transformation,
artificial intelligence, and 5G communications.
Apart from this, the Saudi
Arabia semiconductor market supply chain is extremely complex. Most of the
semiconductor fabrication and manufacturing processes affected the supply chain
of semiconductor industry due to COVID-19 pandemic. The pandemic caused
widespread supply chain disruptions and reduced demand for electronics due to
lockdowns and economic downturns. This led to a decrease in the production and
sale of semiconductors, causing a slowdown in the growth of the industry.
However, the pandemic also led to an increase in demand for certain types of
electronics, such as laptops and smartphones, due to remote work and learning.
This has partially offset the negative impact of the pandemic on the
semiconductor industry. Additionally, the Saudi Arabia’s government has taken
steps to boost the country's electronics manufacturing industry, which could
lead to a growth in the semiconductor sector in the long term. Overall, the
COVID-19 pandemic has had a mixed impact on the semiconductor industry in Saudi
Arabia, with both positive and negative effects.
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Saudi Arabia
semiconductor market is segmented into component, application, type, material
type, and region. Based on component, the market is segmented into memory
devices, microprocessors, analog IC, sensors, discrete power devices, and others.
Based on application, the market is segmented into IT & telecom,
automotive, consumer electronics, and other industries. Based on type, the
market is segmented into extrinsic semiconductor and intrinsic semiconductor.
Based on material type, the market is segmented into silicon, germanium, and gallium
arsenide. Based on region, the market is segmented into northern, central,
eastern, western, and southern.
Based
on application, consumer electronics is expected to dominate the Saudi Arabia
semiconductor market because consumer electronics industry is Saudi Arabia’s increasingly
important sector for the country’s economy. Moreover, with the growing
production of computers and associated devices, the two forms of semiconductor
memory, random access memory (RAM) and read-only memory (ROM), are in great
demand. Logic devices, on the other hand, account for a significant portion of
the market.
Based
on type, extrinsic is expected to dominate in the Saudi Arabia semiconductor
market because extrinsic semiconductors have many advantages over intrinsic
semiconductors, including improved conductivity and low electrical conductivity
at normal temperature. In addition, the usage of extrinsic semiconductors in
transistors, bipolar transistors, and field-effect transistors has increased
the demand for extrinsic semiconductors nationwide.
Based
on material type, silicon is expected to dominate in Saudi Arabia semiconductor
market because it is the most common material used for semiconductors because of
its high resistance property, making it suitable for electrical usage.
Furthermore, the low cost of extraction, easy to process element, and high
purity make it a more perfect material, comparatively.
Major
market players operating in the Saudi Arabia Semiconductor Market are:
- Atlas Copco Saudi Arabia
- SAMI Advanced
Electronics
- WIKA Saudi Arabia LLC
- Hitachi Energy Ltd.
- Hon Hai Precision
Industry Co., Ltd.
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“Saudi Arabia has established
numerous government projects, including the Saudi Semiconductor Program, the
Saudi Vision 2030 initiative, and many more, to transition to a digital
economy. Being a crucial technical enabler for developing electronics and new technologies
like the Internet of Things (IoT), artificial intelligence (AI), 5G, smart
factories, data centres, robotics, and more, semiconductors play a crucial role
in helping Saudi Arabia become a digital economy.”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
“Saudi Arabia
Semiconductor Market Segmented By Component (Memory Devices, Microprocessors,
Analog IC, Sensors, Discrete Power Devices, Others), By Application (IT &
Telecom, Automotive, Consumer Electronics, Other Industries), By Type
(Extrinsic Semiconductor, Intrinsic Semiconductor), By Material Type (Silicon,
Germanium, Gallium Arsenide), By Region, Competition Forecast &
Opportunities, 2018-2028F”, has evaluated the future growth potential of Saudi Arabia Semiconductor
Market and provides statistics & information on market size, structure, and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Saudi Arabia Semiconductor
Market.
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