According to the report by Expert Market Research (EMR), “The United Kingdom Semiconductor Market Size, Share, Analysis, Report and Forecast 2024-2032″,the United Kingdom semiconductor market reached a value of USD 13.116 billion in 2023. Aided by the escalating demand for sophisticated electronics and the expanding applications of semiconductors across various sectors, the market is projected to further grow at a CAGR of 6.7% between 2024 and 2032 to reach a value of USD 18.188 billion by 2032.
Semiconductors are key components in numerous electronic devices, including computers, smartphones, and televisions, and play a critical role in various industrial applications, from the automotive sector to renewable energy systems. These devices enable electronic equipment to process and store data, connect to networks, and interact with users, making them fundamental to modern life and the global economy.
The growing consumer preference for advanced electronic devices is driving the United Kingdom semiconductor market growth. With rising disposable incomes and the increasing penetration of digital technologies, there has been a significant shift towards high-end electronic products. This, in turn, has led to a surge in demand for high-performance semiconductors, which are essential to the functioning of these devices.
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Furthermore, the burgeoning trend of digitisation and the rise of the Internet of Things (IoT) have also significantly contributed to the United Kingdom semiconductor market expansion. Semiconductors are vital to the operation of IoT devices, enabling them to process information, communicate with each other and the cloud, and perform various tasks autonomously.
The broadening applications of semiconductors in various industries are also instrumental in fuelling the United Kingdom semiconductor market growth. In the automotive industry, for example, semiconductors are increasingly used in various vehicle systems, from infotainment and navigation to advanced driver-assistance systems (ADAS) and electric powertrains. Meanwhile, in the renewable energy sector, semiconductors are essential to the operation of solar panels and wind turbines.
Moreover, the growing demand for data centres and the increasing reliance on cloud-based services have led to a significant rise in the need for semiconductors. As data centres require high-performance processors and memory chips to handle large volumes of data and deliver cloud services efficiently, the demand for advanced semiconductors has soared.
Additionally, the UK government’s commitment to fostering the digital economy and enhancing the nation’s technological capabilities has resulted in favourable policies and initiatives aimed at supporting the United Kingdom semiconductor market. This includes measures to encourage research and development in the sector, attract foreign investment, and build a skilled workforce.
The market can be divided based on technology, form, and end use.
Market Breakup by Technology
- Silicon (Simple) – Larger Node size greater than 180 NM
- Silicon (Complex) – Smaller Node size less than 180 NM
- Compound Semiconductors– Made from Two or More Filaments
Market Breakup by Form
- Discrete Semiconductors
Market Breakup by End Use
- Data Centre
- Consumer Electronics
- Aerospace and Defence
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the United Kingdom semiconductor companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- ON Semiconductor Corporation
- Horiba, Ltd
- Texas Instruments Incorporated
- NXP Semiconductors N.V.
- Renesas Electronics Corporation
- Intel Corporation
- Samsung Electronics Co., Ltd.
- Qualcomm Technologies, Inc.
- SK Hynix Inc.
- Micron Technology, Inc.
- Taiwan Semiconductor Manufacturing Company, Ltd.
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