| Product Code: ETC5226008 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The semiconductor import shipments to Grenada in 2024 continued to be dominated by key exporting countries including Trinidad and Tobago, UK, USA, Areas, nes, and Belgium. Despite a high concentration of import sources, Grenada experienced a significant decline in the Compound Annual Growth Rate (CAGR) from 2020 to 2024 at -4.23%. The growth rate in 2024 also saw a sharp decrease of -92.37%, signaling potential challenges or shifts in the semiconductor import market dynamics for the country.
The Semiconductor market in Grenada is projected to grow at a stable growth rate of 3.05% by 2027, within the North America region led by United States of America, along with other countries like Canada, Trinidad and Tobago, Jamaica and Bahamas, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.
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1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Grenada Semiconductor Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Semiconductor Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Semiconductor Market - Industry Life Cycle |
3.4 Grenada Semiconductor Market - Porter's Five Forces |
3.5 Grenada Semiconductor Market Revenues & Volume Share, By Components, 2021 & 2031F |
3.6 Grenada Semiconductor Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Semiconductor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for smart devices and IoT technologies driving the need for semiconductors in Grenada. |
4.2.2 Growing investments in research and development for semiconductor technologies in the region. |
4.2.3 Favorable government policies and incentives promoting the semiconductor industry in Grenada. |
4.3 Market Restraints |
4.3.1 Limited local manufacturing capabilities leading to dependency on imports for semiconductor components. |
4.3.2 Fluctuating raw material prices impacting the profitability of semiconductor manufacturers in Grenada. |
4.3.3 Lack of skilled workforce specialized in semiconductor technology hindering industry growth. |
5 Grenada Semiconductor Market Trends |
6 Grenada Semiconductor Market Segmentations |
6.1 Grenada Semiconductor Market, By Components |
6.1.1 Overview and Analysis |
6.1.2 Grenada Semiconductor Market Revenues & Volume, By Memory Devices, 2021-2031F |
6.1.3 Grenada Semiconductor Market Revenues & Volume, By Logic Devices, 2021-2031F |
6.1.4 Grenada Semiconductor Market Revenues & Volume, By Analog IC, 2021-2031F |
6.1.5 Grenada Semiconductor Market Revenues & Volume, By MPU, 2021-2031F |
6.1.6 Grenada Semiconductor Market Revenues & Volume, By Discrete Power Devices, 2021-2031F |
6.1.7 Grenada Semiconductor Market Revenues & Volume, By MCU, 2021-2031F |
6.1.9 Grenada Semiconductor Market Revenues & Volume, By Others, 2021-2031F |
6.1.10 Grenada Semiconductor Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Semiconductor Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Semiconductor Market Revenues & Volume, By Networking & Communications, 2021-2031F |
6.2.3 Grenada Semiconductor Market Revenues & Volume, By Data Processing, 2021-2031F |
6.2.4 Grenada Semiconductor Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.5 Grenada Semiconductor Market Revenues & Volume, By Consumer Electronics, 2021-2031F |
6.2.6 Grenada Semiconductor Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.7 Grenada Semiconductor Market Revenues & Volume, By Government, 2021-2031F |
7 Grenada Semiconductor Market Import-Export Trade Statistics |
7.1 Grenada Semiconductor Market Export to Major Countries |
7.2 Grenada Semiconductor Market Imports from Major Countries |
8 Grenada Semiconductor Market Key Performance Indicators |
8.1 Research and development expenditure in the semiconductor sector in Grenada. |
8.2 Number of patents filed for semiconductor technologies by companies in Grenada. |
8.3 Percentage of skilled workforce trained in semiconductor technology in Grenada. |
8.4 Adoption rate of semiconductor technologies in key industries in Grenada. |
8.5 Number of partnerships and collaborations between local semiconductor companies and international players. |
9 Grenada Semiconductor Market - Opportunity Assessment |
9.1 Grenada Semiconductor Market Opportunity Assessment, By Components, 2021 & 2031F |
9.2 Grenada Semiconductor Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Semiconductor Market - Competitive Landscape |
10.1 Grenada Semiconductor Market Revenue Share, By Companies, 2024 |
10.2 Grenada Semiconductor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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