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Semiconductor and Circuit Manufacturing Market to be Worth $1,056.7 Billion by 2031 – Exclusive Report by Meticulous Research®

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REDDING, Calif., May 28, 2024 /PRNewswire/ — According to a new market research report titled, ‘Semiconductor and Circuit Manufacturing Market by Component (Memory, Logic, Analog, Micro), Semiconductor (Intrinsic, Extrinsic), Material (Silicon, Germanium), Application (Consumer, Automotive, Industrial), & Geography—Forecast to 2031,’ the global semiconductor and circuit manufacturing market is projected to reach $1,056.7 billion by 2031, at a CAGR of 8.7% during the forecast period of 2024 to 2031.

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A semiconductor can be defined as a substance, generally a pure element, such as silicon or germanium, or compounds, such as gallium arsenide or silicon carbide, that can conduct electricity under specific conditions, making it an ideal medium for the controlled flow of electrical current. Semiconductor materials are an essential part of daily life and are extensively used in electronic circuits owing to their role in the fabrication of electronic devices. These are used in diversified electronic devices, including computers, laptops, telecommunications equipment, storage devices, mobile phones, medical equipment, and many common consumer electronics goods. The semiconductor and circuits manufacturing industry has long been considered as one of the largest contributors in the global technological developments and it is expected to continue its steady growth over the coming years.

The increasing adoption of connected devices, the growing need to reduce the complexity of integrated circuits, increasing government investment in the electronics & semiconductors industry, and growing demand for cloud-based technologies in the electronics & semiconductors industries are factors supporting the growth of semiconductor and circuit manufacturing market during the forecast period.

In this market study, a comprehensive analysis of recent dynamics related to semiconductor and circuit manufacturing was conducted to accurately forecast the future of the global semiconductor and circuit manufacturing market. The study also includes an in-depth profile of key stakeholders in the global semiconductor and circuit manufacturing market, categorized based on their market positions.

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Based on component, the semiconductor and circuit manufacturing market is segmented into memory, logic, analog, micro, optoelectronics, discrete, sensors, and DSP. In 2024, the logic segment is expected to account for the largest share of the global semiconductor and circuit manufacturing market. The large market share of this segment is attributed to the higher adoption of logic semiconductors in consumer electronics, data processing devices, communications systems, and the automotive sector and rising technological developments in special-purpose application-specific integrated circuit (ASIC) and application-specific signal processor (ASSP) logic chips.

Based on type, the semiconductor and circuit manufacturing market is segmented into intrinsic semiconductors and extrinsic semiconductors. In 2024, the extrinsic semiconductor segment is expected to account for the largest share of the global semiconductor and circuit manufacturing market. The large market share of this segment is attributed to the constantly growing demand from the energy sector coupled with the rising usage of extrinsic semiconductors in power electronics devices and the high demand and criticality of these semiconductors in the fabrication process of advanced electronics components such as transistors, diodes, and integrated circuits, among others.

Based on material type, the semiconductor and circuit manufacturing market is segmented into silicon, germanium, gallium arsenide, silicon carbide, and other material types. In 2024, the silicon segment is expected to account for the largest share of the global semiconductor and circuit manufacturing market. The large market share of this segment is attributed to a wide range of applications across several industries such as telecommunication, aerospace, and electronics, rising demand for silicon-based sensors for IoT devices, growing demand for nanodevices, increasing adoption of 5G technology, and easy availability of silicon-based semiconductors owing to the presence of a large number of players.

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Based on application, the semiconductor and circuit manufacturing market is segmented into data processing electronics, communication electronics, consumer electronics, automotive electronics, industrial electronics, and military and civil aerospace. In 2024, the data processing electronics segment is expected to account for the largest share of the global semiconductor and circuit manufacturing market. The large market share of this segment is attributed to the high demand for semiconductors in data processing electronics devices, including computers, ultra-mobiles, tablets, servers, and storage devices. In addition, the proliferation of mobile phones and other connected devices is expected to accelerate the demand for memory and storage devices, in turn encouraging the growth of the semiconductor devices market for data processing electronics applications.

Based on geography, the semiconductor and circuit manufacturing market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of the global semiconductor and circuit manufacturing market. The presence of multiple local as well as international market players in the region, high consumption of semiconductors and circuits by major electronic components and telecommunication hardware manufacturers, increasing adoption of solar panels and electric vehicles, and large scale of the electronics manufacturing industry in the region are the major factors driving the growth of the semiconductor and circuit manufacturing market in the Asia Pacific region.

The key players operating in the global semiconductor and circuit manufacturing market are Samsung Electronics Co., Ltd. (South Korea), Intel Corporation (U.S.), Taiwan Semiconductor Manufacturing Company (Taiwan), SK Hynix, Inc. (South Korea), Micron Technology, Inc. (U.S.), Broadcom, Inc. (U.S.), Qualcomm Technologies, Inc. (U.S.), Texas Instruments, Inc. (U.S.), Toshiba Corporation (Japan), NVIDIA Corporation (U.S.), Semiconductor Components Industries, LLC (U.S.), Advanced Micro Devices, Inc. (U.S.), Analog Devices, Inc. (U.S.), Renesas Electronics Corporation (Japan), and NXP Semiconductors N.V. (Netherlands).

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Scope of the Report:

Semiconductor and Circuit Manufacturing Market Assessment—by Component

MemoryDRAMFlashNANDNOROther MemoryLogicAnalogMicroMicroprocessor (MPU)Microcontroller Unit (MCU)OptoelectronicsDiscreteSensorDSP

Semiconductor and Circuit Manufacturing Market Assessment—by Type

Extrinsic SemiconductorP-Type SemiconductorN-Type SemiconductorIntrinsic Semiconductor

Semiconductor and Circuit Manufacturing Market Assessment—by Material Type

SiliconGermaniumGallium ArsenideSilicon CarbideOther Material Types

Semiconductor and Circuit Manufacturing Market Assessment—by Application

Data Processing ElectronicsCommunication ElectronicsWired CommunicationWireless CommunicationIndustrial ElectronicsAutomotive ElectronicsConsumer ElectronicsMilitary and Civil Aerospace

Semiconductor and Circuit Manufacturing Market Assessment—by Geography

North AmericaU.S.CanadaEuropeGermanyU.K.FranceItalySpainRest of EuropeAsia-PacificJapanChinaIndiaSouth KoreaTaiwanRest of Asia-PacificLatin AmericaMiddle East & Africa

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Related Reports:

Semiconductor Manufacturing Equipment Market by Front-end Equipment (Silicon Wafer Manufacturing, Wafer Fabrication), Back-end Equipment (Testing, Assembling & Packaging), Dimension, Component, End User, and Geography – Global Forecast to 2030

Electronic Design Automation Market by Offering (Solutions, Services), Deployment Mode (Cloud-based deployment, On-premise deployment), Tool Type (Design tools, Verification Tools, Simulation Tools), and Geography – Global Forecast to 2030

Optoelectronics Market by Device (LEDs, Sensors), Device Material (Gallium Nitride, Indium Phosphide), Application (Measurement, Communication, Lighting), End User (Consumer Electronics, Healthcare), and Geography – Forecast to 2027

Related Blogs:

Top 10 Companies in Semiconductor and Circuit Manufacturing Market

About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

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ObjectWin India Rebrands as FornaxTech; Focuses on AI-Led Transformation and GCC-Driven Global Delivery

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BANGALORE, India, April 29, 2026 /PRNewswire/ — ObjectWin India has rebranded as FornaxTech, reflecting its evolution into a capability-led organization aligned with the Fornax Group and focused on supporting AI-native enterprises, Global Capability Centers (GCCs), and global delivery models.

The move comes as enterprises accelerate investments in AI and expand GCCs as hubs for innovation, product development, and digital transformation.

FornaxTech will continue to build on ObjectWin India’s established strengths in technology talent and solutions, while expanding its role in enabling capability development, execution alignment, and transformation outcomes.

“This transition reflects where we already are and where we are heading,” said Saurav Lenka, CEO of FornaxTech. “We are building on a strong foundation while expanding how we create value through deeper capability, global delivery alignment, and more integrated engagement in an AI-driven world.”

As part of Fornax Group, the company will leverage broader capabilities, geographic reach, and enterprise relationships to support multi-market engagements and more complex transformation needs.

“This is an important step in strengthening a unified direction across the group,” said Subrata Nag, Founder & Group CEO, Fornax Corporate Services. “It allows us to bring together talent, technology, and execution in a more cohesive way to support evolving enterprise needs in an AI-led, globally distributed landscape.”

FornaxTech said it will focus on:

Capability-led engagement across global teams and GCCsIntegration of talent, platforms, and processesAI-native approaches to delivery and execution

The company’s delivery framework is supported by ObjectWin India’s CMMI Level 3 certification for Services, reflecting established process maturity, execution consistency, and scalability for enterprise engagements.

About FornaxTech

FornaxTech is a technology and talent solutions company focused on enabling enterprise transformation in an AI-native and globally distributed environment. As part of the Fornax Group, the company supports organizations with integrated capabilities across talent, technology, and execution.

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Certis and Ensign InfoSecurity Partner to Strengthen Cybersecurity and Governance in AI-Driven Robotics

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Collaboration strengthens governance and cyber resilience as autonomous AI
becomes increasingly embedded in physical and operational environments

SINGAPORE, April 29, 2026 /PRNewswire/ — Certis Group, Singapore’s leading provider of integrated security and operations solutions, and Ensign InfoSecurity, Asia Pacific’s largest pure-play cybersecurity services provider, have signed a Memorandum of Understanding (MOU) at the Milipol TechX (MTX) 2026, a regional platform for security and technology innovation, to strengthen cybersecurity, safety and governance in robotic systems powered by artificial intelligence.

The partnership addresses a growing challenge as AI systems evolve from assisting humans to acting autonomously. Beyond conventional cybersecurity threats which typically result in data breaches or system outages, vulnerabilities in AI robotic systems carry an additional category of risk: manipulated sensor inputs, loss of supervisory control, or autonomous systems executing unintended physical actions with real-world consequences.

This collaboration comes as Singapore increases the deployment of autonomous systems to aid in security, logistics and transport operations, highlighting the urgent need to translate governance principles into practical, operational safeguards, particularly in real-world environments where there is little room for error.

Under the MOU, both organisations will work together to strengthen cybersecurity, safety and ethical governance in AI-driven robotics. Certis will lead the development and implementation of safety and ethics fail-safes, as well as Human-in-the-Loop interfaces within the AI robotic platform. In parallel, Ensign will oversee the development of cybersecurity requirements governing the platform’s communication interfaces, as well as the AI’s core reasoning and decision-making processes, including the design of cybersecurity controls, standards and frameworks.

Together, the partnership will embed guardrails across the full system lifecycle, from design and development to testing, deployment and eventual decommissioning, while advancing cybersecurity capabilities, cross-domain knowledge-sharing, and practical frameworks to support the secure and responsible use of autonomous systems.

“As Certis accelerates the development and deployment of our robotics and AI across our operations, we are cognisant that the power of these technologies is only as strong as the security that protects them,” Mr Alex Ooi, Chief Information Security Officer of Certis, said.

“In this new era of industrialised AI, cybersecurity is no longer a peripheral function, but a critical enabler of our future. For Certis, securing our autonomous systems means more than just protecting data; it means ensuring the operational integrity and safety of the physical environments we are trusted to guard. By embedding rigorous cyber-resilience into every tech, robot and algorithm we deploy, we are building a future where innovation and absolute trust coexist seamlessly in this partnership,’ Mr Ooi added.

Key areas of focus in the MOU include

Developing ethical, safety-first approaches for AI-driven robotics, supported by shared standards across data handling, model training and real-world operationsEmbedding security and risk management by design across the system lifecycle, including threat identification, risk assessment and safeguards against unauthorised access and tamperingImplementing human-centric safety protocols and robust human-in-the-loop controls to ensure effective oversight and interventionStrengthening cyber-physical resilience through testing and operations, including adversarial testing of AI-driven robotic behaviours, continuous monitoring and specialised capabilities such as threat analysis, incident response and penetration testing

A joint Safety and Security Review Board will be established to oversee implementation and ensure alignment with evolving safety and ethical expectations.

“The rise of AI is raising the stakes for enterprise security. It goes beyond protecting systems to ensuring that autonomous decisions remain bounded, explainable and secure,” said Paul Tan, Executive Vice President of Government and Singapore Enterprises, Ensign InfoSecurity. “Having operationalised AI in security environments, we see firsthand how quickly autonomy can scale. The challenge is ensuring that control, governance and resilience scale with it, especially when these systems affect real-world operations and outcomes. This collaboration focuses on embedding cybersecurity into the way these systems are designed and deployed from the outset.”

The MOU signals a shift in how organisations deploying autonomous systems must think about risk, not as an IT concern to be managed downstream, but as a foundational design requirement woven into every layer of the system.

About Certis Group

Certis is an integrated operations service provider, built on decades of experience in security and critical frontline operations. We design and run security, facilities and workforce management as a single operating model, orchestrating people, systems and processes in complex, real-world environments to drive results.

Our approach is grounded in structured operational design, where processes, workflows and resources are engineered around defined outcomes. Further powered by our adoption of advanced technologies including AI and Robotics, Certis drives coordination, visibility and day-to-day execution across operations for its clients.

Headquartered in Singapore, Certis operates across key regional markets including Australia and Qatar, supported by a global team of over 25,000 employees. We are trusted by local governments and enterprises to deliver operational performance to make our world safer, smarter, and better.

For more information, please visit www.certisgroup.com.

About Ensign InfoSecurity 

Ensign InfoSecurity is Asia Pacific’s largest pure-play cybersecurity services provider and a trusted global partner, delivering end-to-end security solutions across the cyber lifecycle. Headquartered in Singapore, Ensign is recognised for deep capabilities spanning advisory and assurance, secure architecture and systems integration, threat intelligence, managed security operations, and incident response. Ensign also drives its own innovation through Ensign Labs, developing advanced proprietary solutions to address complex customer challenges. With over two decades of experience, Ensign provides resilient, intelligence-led security tailored to real business risks.

For more information, visit www.ensigninfosecurity.com 

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Agoda Unveils Top 5 Labor Day Destinations for 2026

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SINGAPORE, April 29, 2026 /PRNewswire/ — Digital travel platform Agoda has identified the top five holiday destinations for Labor Day 2026, based on accommodation search data. This year’s list features Tokyo, Pattaya, Seoul, Osaka, and Busan, offering a mix of cultural experiences, vibrant cityscapes, and relaxing getaways for travelers to explore new destinations and unwind from their daily routines.

Tokyo, Japan, offers a captivating blend of tradition and modernity. Visitors can explore the capital city’s historic sites such as the Meiji Shrine and the Imperial Palace, while also experiencing the futuristic allure of districts like Shibuya and Akihabara. The city’s culinary scene is a highlight, with everything from Michelin-starred restaurants to bustling street food markets. Tokyo’s vibrant neighborhoods, cultural festivals, and cutting-edge technology make it a dynamic destination for travelers seeking both excitement and cultural enrichment.

Pattaya, Thailand, known for its lively beaches and vibrant nightlife, provides a tropical escape on Thailand’s eastern Gulf coast. The city offers a mix of relaxation and adventure, with opportunities for water sports, island hopping, and exploring nearby attractions like the Sanctuary of Truth. Pattaya’s Walking Street is famous for its energetic nightlife, while quieter spots like Jomtien Beach provide a more laid-back atmosphere. With its diverse range of activities and stunning coastal views, Pattaya is an ideal destination for those looking to unwind and enjoy the sun.

Seoul, South Korea, is a city where history and innovation coexist harmoniously. Visitors can explore ancient palaces such as Gyeongbokgung and Changdeokgung, while also enjoying the modern attractions of districts like Gangnam and Myeongdong. Seoul’s vibrant street markets, diverse culinary offerings, and thriving arts scene provide endless opportunities for exploration. The city’s efficient public transportation system makes it easy to navigate, allowing travelers to experience everything from traditional tea houses to cutting-edge technology hubs.

Osaka, Japan, known for its street food and entertainment districts, delights the senses with its unique offerings. Visitors can indulge in local specialties like takoyaki and okonomiyaki, while exploring bustling areas such as Dotonbori and Namba. Osaka Castle offers a glimpse into the city’s historical past, while Universal Studios Japan provides family-friendly entertainment. With its friendly locals and lively atmosphere, Osaka is a welcoming destination that offers a unique blend of culture, cuisine, and fun.

Busan, South Korea, offers stunning coastal views and a rich cultural landscape. The country’s second-largest city is home to a range of beaches, such as Haeundae and Gwangalli, which are perfect for relaxation and water activities. Visitors can explore cultural landmarks like the Beomeosa Temple and the Gamcheon Culture Village, known for its colorful houses and artistic installations. Busan’s seafood markets and local cuisine provide a taste of the region’s culinary heritage. With its mix of natural beauty and cultural attractions, Busan is a serene yet engaging destination for travelers.

Jay Lee, Regional Director, North Asia at Agoda shared, “Labor Day offers a great opportunity to explore new destinations. Whether you’re drawn to the bustling energy of Tokyo or the serene landscapes of Busan, Agoda’s comprehensive selection of accommodations, flights, and activities provides the flexibility to plan a trip that suits your preferences. Our platform is designed to make travel planning straightforward and enjoyable, ensuring a memorable Labor Day experience for all travelers.”

With over 6 million holiday properties, more than 130,000 flight routes, and over 300,000 activities, Agoda offers travelers the flexibility to create their ideal Labor Day getaway. For the best deals, travelers can visit Agoda’s website or download the Agoda mobile app.

 

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