The Global Semiconductor Industry Outlook for 2024 is set to furnish projections on the semiconductor industry’s performance, encompassing discrete semiconductors, optoelectronics, sensors, and integrated circuits, including analog, micro, logic, and memory. To achieve this, the report will analyze the industry’s 2023 performance compared to 2022, highlighting pivotal developments in the semiconductor landscape during 2023. Furthermore, it will delve into the key trends in 2024 that are poised to influence the semiconductor industry, encompassing macro-economic shifts, global industry-agnostic trends, and industry-specific developments. These identified trends will serve as the driving forces and constraints shaping the semiconductor industry’s trajectory in 2024. Drawing insights from historical performance and the anticipated impact of these trends, the report will formulate forecasts for the semiconductor industry in 2024.
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The report offers a
wealth of information about the semiconductor industry, such as:
2023:
·
Co-packaged Optics (CPO) is the next frontier. It is a
technology that integrates optical and electronic components into a single
package. The massive internet traffic growth has led tech giants to focus on
research & development activities targeting advancements in the 6G
networks. CPO technology holds promise for 6G networks, creating significant
market opportunities for the silicon industry and optical transceiver
suppliers.
·
Enterprises such as Intel Corporation, AMD, Apple Inc., Marvell,
and IBM have brought implementations of chiplet to the market. The chiplet
introduced to the market has predominantly been of the in-house, proprietary
variety. In such solutions, all the chips are sourced from a single vendor,
utilizing either in-house intellectual property (IP) or that of a manufacturing
partner. Standards bodies are already developing open-source models which aim
to simplify the design and manufacturing of multi-chip systems by providing a
common interface for chiplet from different vendors. Thus, the developments
around chiplet technology are expected to bring the next wave of Moore’s Law.
·
Next-generation memory devices such as Magnetoresistive
Random-access Memory (MRAM), Phase Change Memory (PCM), and Resistive RAM
(ReRAM) are taking center stage. The rising demand for next-generation memory
technologies for enterprise storage applications and the surging adoption of
these emerging memory technologies across smartphones and smart wearables are
expected to drive market growth.
·
The increasing demand for AI applications in cloud computing
data centers has fueled significant growth in the AI Chip market. GPUs
currently dominate AI training workloads but are expected to face stiff
competition from specialized ASICs. In 2023, the training market was primarily
dominated by GPUs; however, we see an increasing role of ASICs in training and
inference in years to come, with GPUs likely becoming more specialized for deep
learning tasks. FPGAs will play a minor role in training, primarily for
specific data center needs like rapid prototyping.
2024:
·
Quantum computing is rapidly evolving, with tech giants racing
to build the most powerful machines. This race is driven by the potential of
quantum computing to revolutionize various fields, including medicine,
materials science, and artificial intelligence. 2024 will be the breakthrough
year for quantum computing commercialization.
·
The DRAM (Dynamic Random-Access Memory) market is currently
dominated by a few major players. This has led to concerns about price
stability and the potential for market manipulation. However, the recent entry
of Chinese state-owned DRAM players has the potential to disrupt the market and
bring about more competition.
·
The semiconductor industry is rapidly shifting, with leading
fabrication players (fabs) aggressively implementing advanced process nodes.
This is driven by the ever-increasing demand for more powerful and efficient
chips, fueled by the growth of artificial intelligence (AI), high-performance
computing (HPC), and other data-intensive applications.
The MarketsandMarkets -
Global Semiconductor Industry Outlook 2024 report can help prepare
semiconductor professionals and business leaders for the year ahead. The report
incorporates years of experience in the rapidly expanding semiconductor sector,
the opinions of industry experts, comprehensive evaluations by analysts, and
extensive interviews with stakeholder groups worldwide.
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