Semiconductors - Hungary

  • Hungary
  • Revenue in the Semiconductors market is projected to reach €2.80bn in 2024.
  • Integrated Circuits dominates the market with a projected market volume of €2.31bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 11.29%, resulting in a market volume of €4.78bn by 2029.
  • In global comparison, most revenue will be generated in China (€163.20bn in 2024).
 
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Analyst Opinion

The Semiconductors market in Hungary has been experiencing significant growth in recent years, driven by various factors such as customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Semiconductors market in Hungary have been shifting towards more advanced and innovative products. Customers are increasingly demanding semiconductors that offer higher performance, increased functionality, and improved energy efficiency. This has led to a growing demand for semiconductors used in applications such as automotive electronics, consumer electronics, and industrial automation. Trends in the market indicate a strong focus on research and development (R&D) activities and technological advancements. Hungarian semiconductor companies are investing heavily in R&D to develop cutting-edge technologies and stay competitive in the global market. This has led to the emergence of innovative semiconductor products and solutions that cater to the evolving needs of customers. Local special circumstances in Hungary have also contributed to the development of the Semiconductors market. The country has a strong manufacturing base and a skilled workforce, which has attracted multinational semiconductor companies to establish their operations in Hungary. This has created a favorable environment for collaboration and knowledge exchange, leading to the growth of the semiconductor industry in the country. Underlying macroeconomic factors have played a crucial role in the development of the Semiconductors market in Hungary. The country's stable economic growth, favorable investment climate, and government support for the semiconductor industry have attracted both domestic and foreign investments. Additionally, Hungary's strategic location in Central Europe provides easy access to key markets in Europe, further enhancing its attractiveness as a semiconductor manufacturing hub. In conclusion, the Semiconductors market in Hungary is experiencing significant growth due to customer preferences for advanced and innovative products, market trends focused on R&D and technological advancements, local special circumstances such as a strong manufacturing base and skilled workforce, and underlying macroeconomic factors including stable economic growth and government support. These factors have created a conducive environment for the development of the semiconductor industry in Hungary, positioning it as a key player in the global 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.

Visión general

  • Revenue
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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