Global semiconductor market is expected to grow with a steady CAGR for the forecast period, 2023-2027. The rise in the disposable income of consumers is increasing the affordability of consumers to buy quality products. Ongoing technological advancements around the globe and the rise in consumer awareness are contributing to the global semiconductor market growth. The surge in the consumption of consumer electronic devices such as notebooks, laptops, smartphones, gaming, wearables around the globe is fueling the market growth for the next five years. The rise in the implementation of the internet of things in prominent industry verticals is fostering the demand for connected devices and sensors to ensure effective communication and response between devices. The development of the telecommunication industry and the expected roll-out of 5G technology to improve connectivity and provide fast internet connection across the globe is expected to propel the global semiconductor market growth in the predicted period. The emergence of advanced technologies like the internet of things, artificial intelligence, cloud computing, big data analytics is expected to create lucrative opportunities for the global semiconductor market growth. The rise in the demand for faster and advanced memory chips for industrial applications and the use of technologies to process large amounts of data in minimal time significantly contribute to the market growth. The major players operating in the global semiconductor market are Qualcomm Inc., Samsung Electronics Co. Ltd., Infineon Technologies AG, Intel Corporation, NXP Semiconductors NV, Texas Instruments Incorporated, SK hynix Inc., Micron Technology, Inc., Taiwan Semiconductor Manufacturing Company Limited, NVIDIA Corp., Broadcom, Inc., ST Microelectronics, Advanced Semiconductor Engineering, Inc., ON Semiconductor Corporation, Advanced Micro Devices, Inc., among others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments. Download Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=7879 (Use your Corporate E-mail Id for Faster Response) For More Information Visit: https://www.techsciresearch.com/report/semiconductor-market/7879.html