APAC Semiconductor Device Market For Industrial Applications Market Size (2024 - 2029)

APAC Semiconductor Device Market Analysis

The APAC Semiconductor Device Market For Industrial Applications Industry is expected to grow from USD 57.52 billion in 2024 to USD 90.55 billion by 2029, at a CAGR of 9.5% during the forecast period (2024-2029).

• Asia-Pacific Semiconductor Device Market For Industrial Applications is estimated to continue its robust growth during the forecast period to accommodate the increasing demand for semiconductor materials in emerging technologies, such as artificial intelligence (AI), autonomous driving, the Internet of Things, and 5G, coupled with competition among key players and consistent spending on R&D.
• Industry 4.0 is transforming the way companies manufacture their products. The term Industry 4.0 refers to the smart and connected production systems designed to sense, predict, or interact with the physical world, making real-time decisions that support production. In manufacturing, it has the potential to increase productivity, energy efficiency, and sustainability.
• One of the most important components of Industry 4.0 is the Industrial Internet of Things (IIoT), which refers to the extension and use of the IoT in industrial sectors and applications. The underlying core capabilities provided by semiconductors for IIoT include sensing, connectivity, and computing. For instance, in the context of IIoT, sensors are widely used in different industries to monitor equipment, assets, systems, and overall performance.
• For their functioning, industrial robots require sophisticated sensors that obtain important information. Sensors can use semiconductor processing units to gather external information like images, infrared light, and sound, along with internal data on temperature, moisture, movement, and position. Today, many industrial robots are equipped with 3D vision systems, which are usually comprised of multiple cameras or one or more laser displacement sensors. 
• For instance, in May 2023, Agile Analog developed digitally wrapped analog IP subsystems, including power management, PVT sensing, and sleep management, to decrease the design and integration effort of SoCs. Digital design flow and IP blocks make it easier to reuse and customize designs for different applications.

APAC Semiconductor Device Industry Segmentation

The study analyzes the market of semiconductor devices for industries in terms of the revenue accrued. For the scope of the study, the report includes devices such as Discrete Semiconductors, Sensors, and Integrated Circuits for the market sizing calculation, and all the other devices, such as passive components, are excluded from the study. The study also covers the activities of major players in the market along with their current strategies, recent developments, and product offerings.

Asia-Pacific semiconductor device market for industrial applications is segmented by device type (discrete semiconductors, optoelectronics, sensors, integrated circuits (analog, logic, memory, micro (microprocessors, microcontrollers, digital signal processors)) and by country (China, India, Japan, and Rest of Asia Pacific). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.