According to a report by TechSci Research titled “Saudi Arabia Semiconductor Market – By Region, Competition Forecast & Opportunities, 2018–2028F,” the Saudi Arabia semiconductor market is projected to experience significant growth during the forecast period of 2024-2028. This growth can be attributed to the increasing adoption of consumer electronics devices across the country. Furthermore, the development of artificial intelligence (AI), the internet of things (IoT), and machine learning (ML) technologies presents new opportunities for market expansion. These advancements enable memory chips to process large volumes of data more efficiently.
The demand for semiconductors is also being driven by the growing applications in various industry verticals such as industrial automation, consumer electronics, and automotive sectors. The focus on consumer electronics, including the rising use of smartphones and other consumer goods, contributes to increased spending on process equipment, thus providing a competitive edge.
Semiconductors play a crucial role in national security and economic competitiveness, driving advancements in communication, computing, healthcare, military systems, transportation, clean energy, and other sectors. Innovation in semiconductors is essential for Saudi Arabia’s economy to thrive in the era of digital transformation, artificial intelligence, and 5G communications.
However, the Saudi Arabia semiconductor market faces challenges related to its complex supply chain. The COVID-19 pandemic has disrupted semiconductor fabrication and manufacturing processes, causing supply chain disruptions and reduced demand for electronics due to lockdowns and economic downturns. This has resulted in a slowdown in industry growth. Nevertheless, the pandemic has also increased the demand for certain electronics, such as laptops and smartphones, due to remote work and learning, partially offsetting the negative impact.
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The Saudi Arabia semiconductor market is segmented based on components, applications, types, material types, and regions. The component segment includes memory devices, microprocessors, analog ICs, sensors, discrete power devices, and others. The application segment comprises IT & telecom, automotive, consumer electronics, and other industries. Types are categorized as extrinsic and intrinsic semiconductors, while material types include silicon, germanium, and gallium arsenide.
Consumer electronics is expected to dominate the Saudi Arabia semiconductor market in terms of application, driven by the country’s growing consumer electronics industry. The increasing production of computers and related devices fuels the demand for semiconductor memory, particularly random access memory (RAM) and read-only memory (ROM). Logic devices also account for a significant portion of the market.
Extrinsic semiconductors are expected to dominate the market in terms of type due to their advantages over intrinsic semiconductors, such as improved conductivity and low electrical conductivity at normal temperatures. The usage of extrinsic semiconductors in transistors, bipolar transistors, and field-effect transistors has contributed to their increased demand nationwide.
Major market players operating in the Saudi Arabia Semiconductor Market are:
- Atlas Copco Saudi Arabia
- SAMI Advanced Electronics
- WIKA Saudi Arabia LLC
- Hitachi Energy Ltd.
- Hon Hai Precision Industry Co., Ltd.
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Silicon is expected to be the dominant material type in the Saudi Arabia semiconductor market due to its widespread use in semiconductors. It offers high resistance properties suitable for electrical usage, and its low extraction cost, ease of processing, and high purity make it a preferred material.
In conclusion, Saudi Arabia is actively pursuing government initiatives like the Saudi Semiconductor Program and the Saudi Vision 2030 to transition to a digital economy. Semiconductors play a crucial role in supporting the development of electronics and new technologies such as IoT, AI, 5G, smart factories, data centers, and robotics. The report by TechSci Research provides comprehensive market intelligence, analyzing emerging trends, drivers, challenges, and opportunities in the Saudi Arabia Semiconductor Market to assist decision-makers in making informed investment decisions.
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