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Taiwan Semiconductors Market

Taiwan Semiconductors Market Size, Share & Trends Analysis Report by Component (Memory Devices, Logic Devices, Analog IC, MPU, Discrete Power Devices, MCU, Sensors, and Others), By Application (Networking & Communications, Data Processing, Industrial, Consumer Electronics, Automotive, and Government), And Segment Forecasts, 2023-2031

Report ID : 1895 | Published : 2023-07-12 | Pages: 180 | Format: PDF/EXCEL

Taiwan Semiconductors Market Size is valued at 40.5 billion in 2022 and is predicted to reach 66.06 billion by the year 2031 at a 5.8% CAGR during the forecast period for 2023-2031.

Taiwan Semiconductors Market

The "silicon shield" of Taiwan's semiconductor industry provides a compelling case for Taiwan's continued protection across the world. Taiwan has spent many years cultivating the semiconductor industry, and its chip-related industry chain has become the nation's most vital economic sustenance.

Taiwan Semiconductor Manufacturing Co (TSMC) hosted a ceremony in December to commemorate the opening of a chip facility (also known as a "fab") in Arizona. Along with Apple's Tim Cook and tsmc's founder, Morris Chang, Joe Biden also attended. One of the essential components of the contemporary economy is semiconductors.

It is evident from the chip deficit that a scarcity of semiconductors has an influence on production in virtually every industry. The chip industry is modest, yet unlike other significant commodities like grain or oil, it only consists of a small number of locations and businesses.

Taiwan is the most recognised and important member of the group. However, the region faces challenges on the international arena as well as to its domestic economy due to the coronavirus pandemic, rivalry among the superpowers, and armed warfare. Numerous cutting-edge digital devices are powered by semiconductors, which are crucial technological enablers.

The development of new technologies like autonomous driving, artificial intelligence (AI), 5G, and the Internet of Things (IoT), along with consistent spending on R&D and competition among the major players, are expected to propel the Taiwan semiconductor industry's strong growth well into the following decade. 

Recent Developments:

  • In June 2023, Taiwan Semiconductor Manufacturing Co. and Purdue University's Center for Secure Microelectronics Ecosystem renewed their strong relationship, which helped Purdue University improve the semiconductor workforce. The fact that TSMC's membership in CSME has been renewed shows that both groups want to work together on more worker development and study projects until 2031. Starting in 2021, CSME was the first global partnership of its kind between the university, industry, TSMC, and the government. Its goal was to improve research and training for creating safe microelectronics. 

Competitive Landscape:

Some of the Taiwan Semiconductors market players are:

  • Taiwan Semiconductor Manufacturing Company Limited
  • ASE Technology
  • AU Optronics
  • MediaTek
  • LITE-ON Technology
  • United Microelectronics
  • Nanya Technology
  • Siliconware Precision Industries Co., Ltd. (SPIL)
  • EDOM Technology
  • Sino-American Silicon Products
  • MediaTek Inc.
  • Realtek Semiconductor Corp
  • Episil Technologies Inc.
  • WIN Semiconductors Corp.
  • Nuvoton Technology Corporation
  • Macronix International Co., Ltd.
  • Powerchip Semiconductor Manufacturing Corporation
  • Winbond
  • Sitronix Technology Corp.
  • Fitipower Integrated Tech
  • Elite Semiconductor Microelectronics Technology Inc.
  • Raydium Corp.
  • Silicon Motion Technology Corporation
  • Himax Technologies, Inc.
  • Phison Electronics Corporation
  • United Microelectronics Corporation
  • Chipbond Technology Corp

Market Segmentation:

The Taiwan Semiconductors market is segmented on the basis of component and application. Based on component, the market is segmented as Mobile Devices, logic Devices, Analog IC, MPU, Discrete power devices, MCU, Sensors, and Others. By application, the market is segmented into Networking & Communications, Data Processing, Industrial, Consumer Electronics, Automotive, and Government.

Based On Component, The Memory Device Segment Is Accounted As A Major Contributor In The Taiwan Semiconductors Market

Due to continuous technical developments like virtual reality and cloud computing and their incorporation in end-user devices, memory devices are predicted to boost market growth overall. The high average selling price of DRAM and NAND flash memory would bring in money.

Networking & Communications Segment Witness Growth At A Rapid Rate

With the rising demand for smartphones and other smart devices in Taiwan, the networking and communications segment is predicted to expand at a significant CAGR. Working from home is becoming increasingly necessary in both developed and emerging countries, which is driving up demand for this application category.

Taiwan Semiconductors Market Report Scope:

Report Attribute


Market Size Value In 2022

USD 40.5 Bn

Revenue Forecast In 2031

USD 66.06 Bn

Growth Rate CAGR

CAGR of 5.8 % from 2023 to 2031

Quantitative Units

Representation of revenue in US$ Bn and CAGR from 2023 to 2031

Historic Year

2019 to 2022

Forecast Year


Report Coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments Covered

Component, Application

Regional Scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country Scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; South East Asia

Competitive Landscape

Taiwan Semiconductor Manufacturing Company Limited, ASE Technology, AU Optronics, LITE-ON Technology, United, Microelectronics, Nanya Technology, Siliconware Precision Industries Co., Ltd. (SPIL), EDOM Technology, Sino-American Silicon Products, MediaTek Inc. , Realtek Semiconductor Corp, Episil Technologies Inc., WIN Semiconductors Corp., Nuvoton Technology Corporation, Macronix International Co., Ltd., Powerchip Semiconductor Manufacturing Corporation, Winbond, Sitronix Technology Corp.

Customization Scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing and Available Payment Methods

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Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Taiwan Semiconductors Market Snapshot

Chapter 4. Taiwan Semiconductors Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Component Estimates & Trend Analysis
5.1. by Component & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Component:

5.2.1. Memory Devices
5.2.2. Logic Devices
5.2.3. Analog IC
5.2.4. MPU
5.2.5. Discrete power devices
5.2.6. MCU
5.2.7. Sensors
5.2.8. Others

Chapter 6. Market Segmentation 2: by Application Estimates & Trend Analysis
6.1. by Application & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Application:

6.2.1. Networking & Communications
6.2.2. Data Processing
6.2.3. Industrial
6.2.4. Consumer Electronics
6.2.5. Automotive
6.2.6. Government

Chapter 7. Competitive Landscape

7.1. Major Mergers and Acquisitions/Strategic Alliances

7.2. Company Profiles

7.2.1. Taiwan Semiconductor Manufacturing Company Limited
7.2.2. ASE Technology
7.2.3. AU Optronics
7.2.4. MediaTek
7.2.5. LITE-ON Technology
7.2.6. United Microelectronics
7.2.7. Nanya Technology
7.2.8. Siliconware Precision Industries Co., Ltd. (SPIL)
7.2.9. EDOM Technology
7.2.10. Sino-American Silicon Products
7.2.11. MediaTek Inc.
7.2.12. Realtek Semiconductor Corp
7.2.13. Episil Technologies Inc.
7.2.14. WIN Semiconductors Corp.
7.2.15. Nuvoton Technology Corporation
7.2.16. Macronix International Co., Ltd.
7.2.17. Powerchip Semiconductor Manufacturing Corporation
7.2.18. Winbond
7.2.19. Sitronix Technology Corp.
7.2.20. Fitipower Integrated Tech
7.2.21. Elite Semiconductor Microelectronics Technology Inc.
7.2.22. Raydium Corp.
7.2.23. Silicon Motion Technology Corporation
7.2.24. Himax Technologies, Inc.
7.2.25. Phison Electronics Corporation
7.2.26. United Microelectronics Corporation
7.2.27. Chipbond Technology Corp
7.2.29. Other Prominent Players

Segmentation of Taiwan Semiconductors Market-

Taiwan Semiconductors Market By Component-

  • Memory Devices
  • Logic Devices
  • Analog IC
  • MPU
  • Discrete power devices
  • MCU
  • Sensors
  • Others

Taiwan Semiconductors Market

Taiwan Semiconductors Market By Application-

  • Networking & Communications
  • Data Processing
  • Industrial
  • Consumer Electronics
  • Automotive
  • Government

 InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Taiwan Semiconductors Market?

Taiwan Semiconductors Market is expected to grow at a 5.8% CAGR during the forecast period for 2023-2031

Taiwan Semiconductor Manufacturing Company Limited, ASE Technology, AU Optronics, LITE-ON Technology, United, Microelectronics, Nanya Technology, Sili

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