This market research report was originally published at the Yole Group’s website. It is reprinted here with the permission of the Yole Group.
These market segments generated $296 billion in semiconductor revenue in 2023, with an expected CAGR2023-2030 of 2.1%
OUTLINE
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Semiconductor content will remain stable at ~35% for the mobile and computing subsegments while remaining at ~16% for the consumer subsegment(1).
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Battle at the top: The United States and China are battling for dominance in the mobile & consumer market.
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More Moore technology focus: Only two players, TSMC and Samsung, can provide the most advanced 4nm to 3nm logic nodes, mainly serving Apple and Samsung mobile divisions.
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More than Moore technology focus: Power and Photonic semiconductor technology trends are all about compound semiconductors, in particular GaN for high-speed charging.
Semiconductor device revenue for mobile & consumer reached $296 billion in 2023, following a -15% year-on-year-setback. A 4% year-on-year rebound is expected in 2024, announces Yole Group in its new technology & market analysis, Semiconductor Trends in Mobile and Consumer 2024. Longer-term, revenues are expected to reach $383 billion in 2030. The overall growth rate for the 2018 – 2030 period is estimated at 2.1% CAGR.
Undoubtedly, the mobile and consumer electronics markets are pivotal for the semiconductor industry, representing $620 billion in revenue in 2023. This market further bolsters the software industry, particularly driven by tech giants. Moreover, mobile and consumer electronics constitute a significant portion of global trade, with countries worldwide actively engaged in fierce competition, including the United States, Europe, China, Korea, Taiwan, and Japan.
“Market cycles for mobile & consumer semiconductor devices are primarily driven by the More Moore device types. These include DRAM, NAND, and processors. In parallel, the More than Moore device types, such as power, analog, discrete, optoelectronic devices, and sensors, are enjoying steady growth and expanding their revenue share.”
Pierre Cambou
Principal Analyst for Global Semiconductors, Yole Group
The Semiconductor Device for Mobile & Consumer report by Yole Group provides insights into the mobile and consumer end-system market, offering market forecasts, volume projections, average selling prices, wafer production data, and revenue rankings of leading market players. Analysts recommend delving deeper into application trends, particularly in the mobile, computing, and consumer electronics segments, to grasp the latest technical innovations and their market impact. Additionally, the report identifies and analyzes the drivers for application and technology advancements.
For a comprehensive grasp of the situation, it’s crucial to delve into the semiconductor content. This is a daily approach developed by Yole Group’s analysts through a dedicated product: Consumer Teardown Tracks. With over 25 years of experience and access to extensive teardown data, Yole Group’s team meticulously selects and disassembles cutting-edge systems for technology and cost evaluations. Through high-resolution photography, analysts capture detailed component identifications, cost breakdowns, and estimated manufacturer pricing. Yole Group’s Teardown Tracks are continuously updated by analysts and span from systems to semiconductor components.
Mobile & consumer semiconductor devices – Insights
- Mobile – Growth rate of 2.4%, reaching $204 billion in 2030: this semiconductor device segment within “mobile & consumer” comprising devices for feature phones and smartphones decreased temporally during covid (2020) but has now recovered to a 54% share in 2023. It is expected to remain at this level until 2030.
- Computing – Growth rate of 1.0%, reaching $121 billion in 2030, including desktops, laptops, and tablets; this application had a temporary expansion phase during covid, reaching a 37% share – but it is now back to 32%. This share is expected to remain stable until 2030.
- Consumer – Growth rate of 3.6%, reaching $57 billion in 2030: this segment (VR gaming, TV, audio, printing, camera, watch, earbuds, robots, drones) captured a 14% share, which could grow to 15% in 2030.
References
- Yole Group’s eBOM, 2024.
Yole Group has been extensively covering the global semiconductor industry for some time now. From materials to equipment, encompassing devices and modules, our company diligently investigates the markets to gain profound insights into innovations and their industry impact. Our analysts actively participate in over 100 conferences annually to exchange perspectives, discuss the latest developments, and address challenges.
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