Semiconductors - Finland

Finland

Revenue in the Semiconductors market is projected to reach US$549.50m in 2024.
Integrated Circuits dominates the market with a projected market volume of US$488.60m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.85%, resulting in a market volume of US$878.80m by 2029.
In global comparison, most revenue will be generated in China (US$177.80bn in 2024).

Definition:

Semiconductors are the crucial building blocks of all the electronics we see daily. The semiconductor industry comprises companies that design, fabricate, assemble, test, and supply semiconductors that are suitable for various applications. The semiconductor market represents the market size of the semiconductors used in various electronics applications.

Structure:

The semiconductor market is structured into four different markets based on the functionality of the semiconductors as follows:

The Discrete Semiconductors market represents the semiconductors that have a basic function and are mostly built using a single semiconductor device. These are further used in an application in conjunction with other semiconductors.
The Integrated Circuits market is the largest market and represents the semiconductors that have specific functionality. They generally consist of several basic semiconductor devices. This market is further divided into Analog Integrated Circuits, Logic Integrated Circuits, Memory Integrated Circuits, and Micro Integrated Circuits.
The Optoelectronics market represents the semiconductors that have functionality related to light.
The last market Sensors & Actuators represents the semiconductors that sense real-world factors and those that actuate other devices.

Additional Information:

The semiconductor market comprises revenue, revenue change, and key player market shares as the key performance indicators. Only the revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included and the revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B), and governments (B2G). Further definitions of the markets can be found on respective pages.

Key players in this market include Samsung, Intel, SK Hynix, Qualcomm, Micron, etc.,

For more information on the displayed data, use the info button right next to the boxes.

Market

Region

Region comparison

Currency

Analyst Opinion

The Semiconductors market in Finland is experiencing steady growth and development. Customer preferences in the market are shifting towards more advanced and efficient semiconductor products. This trend is driven by the increasing demand for high-performance electronic devices and the need for improved connectivity and processing power.

Customer preferences: In Finland, customers are increasingly looking for semiconductors that offer higher processing speeds, lower power consumption, and improved connectivity. This is driven by the growing demand for advanced electronic devices such as smartphones, tablets, and wearable technology. Customers also prioritize semiconductors that are compatible with emerging technologies such as 5G networks, artificial intelligence, and Internet of Things (IoT) devices.

Trends in the market: One of the key trends in the Semiconductors market in Finland is the increasing adoption of miniaturized and more efficient semiconductor components. As electronic devices become smaller and more portable, there is a growing demand for semiconductors that can provide high performance in a compact form factor. This trend is driving innovation in semiconductor design and manufacturing, with companies focusing on developing smaller and more efficient chips. Another trend in the market is the growing importance of semiconductor materials with enhanced properties. For example, there is a rising demand for semiconductors made from materials such as gallium nitride (GaN) and silicon carbide (SiC), which offer improved power efficiency and higher operating temperatures. These materials are particularly sought after in applications such as power electronics, automotive electronics, and renewable energy systems.

Local special circumstances: Finland has a strong reputation for innovation and technology development. The country is home to several leading semiconductor companies and research institutions, which contribute to the growth of the market. The local ecosystem supports collaboration and knowledge sharing, leading to the development of cutting-edge semiconductor technologies. Furthermore, Finland's focus on sustainability and energy efficiency is driving the demand for semiconductors that can enable greener technologies. This includes semiconductors used in renewable energy systems, electric vehicles, and energy-efficient buildings. The Finnish market is particularly receptive to semiconductors that can help reduce energy consumption and contribute to a more sustainable future.

Underlying macroeconomic factors: The growth of the Semiconductors market in Finland is also influenced by macroeconomic factors. The country has a strong and stable economy, which provides a favorable environment for businesses to invest in research and development. Additionally, Finland has a highly skilled workforce and a strong education system, which supports the development of the semiconductor industry. Furthermore, Finland's close proximity to other Nordic countries and its participation in the European Union provide access to a large market and facilitate trade. This allows Finnish semiconductor companies to expand their customer base and reach a wider audience. In conclusion, the Semiconductors market in Finland is experiencing growth and development driven by customer preferences for more advanced and efficient semiconductor products. The market is characterized by trends such as the adoption of miniaturized components and the use of advanced semiconductor materials. Finland's strong innovation ecosystem, focus on sustainability, and favorable macroeconomic factors contribute to the growth of the market.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the money spent at the manufacturer price level (excluding VAT).

Modeling approach / Market size:

Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market. As a basis for evaluating markets, we use the annual financial reports of the market-leading companies and reports from our primary research. In addition, we use relevant key market indicators and data from country-specific associations. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.