The report below gives a good overview of the Fall 2024 M&A activity in the Semiconductors & Advanced Materials Industry Sector. The global semiconductor market is poised for significant expansion, projected to rise from $623 billion in 2024 to $1,074 billion by 2035, reflecting a robust CAGR of 5.08%. As semiconductors occur omnipresent in every modern technological progress cutting across consumers' electronics, automobiles, telecommunications, and aerospace, it will be interesting to note the importance these have come to occupy in our daily lives. The rise of Industry 4.0, powered by smart computers and connected devices, is revolutionizing manufacturing and production, further fueling demand for advanced semiconductor technologies. Through July 2024, semiconductor group sales worldwide reached $51.3 billion, an 18.7 percent increase from the same period during July 2023, marking the fourth consecutive month during which sales have increased. The Americas region led the pack, boasting a year-over-year sales increase of 40.1 percent while China and Asia-Pacific also indicated significant gains. The sales boom refers to the growth in the demand for electronic goods, data center chips, and integrated circuits. Though it was downward-trending in Europe and Japan, the market is bouncing back nicely worldwide from pandemic-related declines, as AI, IoT, and automotive technologies improve. Semiconductors are often called the backbone of modern electronics. These elements feature greatly in wide-ranging forms of devices, from smartphones and computers to advanced automotive systems. Manufacturers are being challenged by demanding further development of the technology with increasingly smaller more efficient chips and with more transistors. Both AI and communications continue to rely on the advancement of microprocessors, causing semiconductor growth to go much faster. As global demand for smarter, faster devices continues to rise, the semiconductor industry is set to play an even more critical role in shaping the future. The sector also serves as a key employment driver, with over 250,000 workers employed in the U.S. alone, supporting more than a million jobs. The semiconductor industry's upward trajectory underscores its centrality in powering the technologies of tomorrow.
Posted by Gunther Hofmann.
Read the Entire Fall 2024 Semiconductors & Advanced Materials Report Here