Czech Republic Semiconductor Market Outlook Report 2023-2028: 5G Adoption to Boost Semiconductor Demand, Market Thrives on IoT and AI Advancements
Czech Republic semiconductor market revenue size is projected to grow at a CAGR of 7.4% during 2022-2028.
DUBLIN, Dec. 8, 2023 /PRNewswire/ -- The "Czech Republic Semiconductor Market Outlook | Growth, Companies, Share, Forecast, Value, Industry, Analysis, Trends, Revenue, Size & COVID-19 IMPACT: Market ForecastBy Components,?By Applications?and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.
Czech Republic semiconductor market revenue size is projected to grow at a CAGR of 7.4% during 2022-2028.
The demand for semiconductor increased on account of emergence of automation technologies such as internet of things and artificial intelligence supported by Czech Republic initiatives such as industry 4.0 and digitization.
Furthermore, With technologically advancement in automotive sector nowadays semiconductor devices are widely used for critical functions such as sensing, safety features, power management, displays and control of the vehicle. Additionally, as adoption of 5G technology in Czech Republic would increase the demand for semiconductor would also increase, with deployment of 5G technology the usage of smart devices would also surge in the forecast period in Czech Republic.
Czech Republic semiconductor market report thoroughly covers market by components and applications. The market report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Czech Republic Semiconductor Market Synopsis
Czech Republic semiconductor market witnessed significant growth during the 2017-2019 period owing to growth in investment of information and communication technology along with rise of key application sectors such as data processing and consumer electronics. Further, the period witnessed increased adoption of new technologies such internet of things and artificial intelligence.
In year 2020, due to COVID-19 pandemic led measures, lockdowns and restriction on international trade resulted in a slight slowdown in the semiconductor market due to supply chain disruption as Czech Republic is highly dependent on import for raw materials such as silicon and germanium. However, with upliftment of lockdown restrictions and regulatory measures to revive economic activity, demand for semiconductors returned to its growth trajectory in final quarter of 2020.
Market by Applications Analysis
In terms of applications, networking and communications segment has captured 33.1% of the market revenue in 2021. networking & communications accounted for maximum revenue share in 2020 owing to lockdown measures adopted by Czech Republic government to curb the spread of virus due to which need for work from home setup increased that drove the semiconductor market in Czech Republic.
Market by Components Analysis
In terms of Components, memory devices have captured 27.8% of the market revenue in 2021. Memory devices acquired highest share in the Czech Republic Semiconductor market in 2021 in terms of revenue owing to proceeding technological advancement such as virtual reality and cloud computing. Additionally, the rise of machine learning would further drive the market in the coming years.
Furthermore, high average selling price of the NAND flash chips and DRAM would contribute significantly to revenue generation. Memory devices holds a key to artificial intelligence and gradual upliftment of AI technology the demand for memory devices would propel in the forecast period.
Key Highlights of the Report
- Czech Republic Semiconductor Market Overview
- Czech Republic Semiconductor Market Outlook
- Czech Republic Semiconductor Market Forecast
- Czech Republic Semiconductor Market Growth
- Historical Data and Forecast of Czech Republic Semiconductor Market Revenues for the Period 2018-2028F
- Historical Data and Forecast of Czech Republic Semiconductor Market Revenues, By Components for the Period 2018-2028F
- Historical Data and Forecast of Czech Republic Semiconductor Market Revenues, By Applications for the Period 2018-2028F
- Market Drivers and Restraints
- Czech Republic Semiconductor Market Trends
- Industry Life Cycle
- Czech Republic Semiconductor Market - Porter's Five Forces
- Market Opportunity Assessment
- Czech Republic Semiconductor Market Import-Export Trade Statistics
- Czech Republic Semiconductor Market Shares, by Companies
- Market Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Company Profiles
- NXP Semiconductors N.V.
- ON Semiconductor
- Siemens AG
- Honeywell International Inc.
- ABB Limited
- Robert Bosch GmbH
- Broadcom Inc.
- Samsung Electronics Co. Ltd.
- STMicroelectronics International NV
Market Scope and Segmentation
By Components
- Memory Devices
- Logic Devices
- Analog IC
- MPU
- Discrete Power Devices
- MCU
- Others (DSP, Lighting Devices, Sensors among others)
By Applications
- Networking & Communications
- Data Processing
- Industrial
- Consumer Electronics
- Automotive
- Government
For more information about this report visit https://www.researchandmarkets.com/r/fi3q2p
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