Semiconductor Market Overview
Semiconductor Market was valued at US$ 730.1 Billion in 2024 and is projected to grow at a CAGR of 2.00% to reach US$ 2692.3 Billion by 2034.
A semiconductor is a substance that controls and manages electric flow in electronic equipment and has become a popular component of electronic chips. Semiconductors in electronic chips are used for computing components and various electronic equipment.
Growing consumption of electronic devices has had a positive impact on market growth. Increasing adoption of digital technologies, the use of smartphones, and the emergence of advanced technology such as AI (artificial intelligence) and IoT (Internet of Things) is anticipated to increase the demand for the Semiconductor market.
|
Attributes |
Details |
|
Semiconductor Market Value (2024) |
US$ 730.1 Bn |
|
Semiconductor Market Projected Value (2034) |
US$ 2692.3 .6Bn |
|
Semiconductor Market CAGR (2024 – 2034) |
2.00% |
Semiconductor Market Dynamics
Growing adoption of consumer electronics product to fuel market growth
The rising utilization of consumer electronic products such as smartphones, laptops, TVs, refrigerators, washing machines, and other electronic appliances is powering the semiconductor market's growth. Technological advancement in electronic products and growing economic status have further facilitated the demand for Semiconductor market growth.
For instance, in September 2022, according to (the Times of India), Amazon launched the festive season with the “Amazon Great Indian Festival Sale” of consumer electronics, smartphones, groceries, and fashion categories. In the first 36 hours, the startups, small & medium businesses, women entrepreneurs, and artisans offered the most extensive selection. They sold around ten lakhs of unique products in various categories across India.
Restrains:
However, tariff duties and shifts in global trade have hampered market growth. Tariff duties on industrial goods and services that are customary for chips cause an impact on the import and export of equipment by affecting chip manufacturing costs, which restrained the Semiconductor market growth.
Semiconductor Market Segmentation
Semiconductor Market is segmented based on Component, Application and Region.
Component Insight
On the basis of Component, Semiconductor Market is segmented into Logic Devices, Memory Devices, Discrete Power Devices, Sensors, MCU, MPU, Analog IC, and Others. Memory Devices component segment is expected to dominate the market growth due to technological innovation such as cloud computing and virtual reality and its integration in devices.
Application Insights
On the basis of Application, Semiconductor Market is segmented into Data Processing, Networking & Communications, Consumer Electronics, Industrial, Automotive, and Others. Networking & Communications application segment is expected to dominate the market growth due to growing demand for smartphones and growing trend of work from home has facilitated the demand for market growth.
Regional Insights:
On region the Semiconductor Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific market is estimated to witness a significantly high revenue share over the forecast period. Moreover, growing consumption of consumer electronics, rising adoption of advanced technology-based devices, high disposable income, and presence of local semiconductor manufacturer is anticipated to increase demand for Semiconductor in the region.
|
Attribute |
Details |
|
Base year for estimation |
2023 |
|
Forecast period |
2024 – 2034 |
|
Market representation |
Revenue in USD Billion & CAGR from 2024 to 2034 |
|
Market Segmentation |
By Component - Logic Devices, Memory Devices, Discrete Power Devices, Sensors, MCU, MPU, Analog IC, and Others By Application - Data Processing, Networking & Communications, Consumer Electronics, Industrial, Automotive, and Others |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Semiconductor Market report based on Component, Application and Region:
Semiconductor Market, By Component:
- Logic Devices
- Memory Devices
- Discrete Power Devices
- Sensors
- MCU
- MPU
- Analog IC
- Others
Semiconductor Market, By Application:
- Data Processing
- Networking & Communications
- Consumer Electronics
- Industrial
- Automotive
- Others
Semiconductor Market, By Region:
- North America
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
-
- U.S.
- Canada
- Middle East & Africa
Semiconductor Market Key Players
The key players operating the Semiconductor Market includes, Qualcomm, Intel Corporation, Broadcom Inc., Samsung Electronics, Toshiba Corporation, NVIDIA Corporation, Taiwan Semiconductors, NXP Semiconductors N.V., Texas Instruments, Micron Technology, and others.
Semiconductor Market Key Issues Addressed
Recent Development:
- In March 2023, Polymatech Electronics set to launch semiconductor components in India for 6G and 5G applications. Polymatech has aimed to become the largest chip manufacturer by 2025 in Asia with investment of $1 billion in developing semiconductor chip.
- In March 2023, India and United States signed an agreement to create Semiconductor Sub-Committee under the commercial dialogue between India’s Ministry of Electronics and Information Technology (MeitY), Ministry of Commerce and the U.S. Department of Commerce. This agreement will help to establish semiconductor supply chain with innovative partnership.
- In March 2023, Toshiba Corporation launched new 150V N-channel power MOSFET “TPH9R00CQ5” for switching power supplies of industrial equipment used in data centers & communication base stations.
- In September 2022, Nvidia launched new gaming chip “RTX 4090” featured with AI (artificial intelligence) to enhance graphics. Nvidia’s newest “Ada Lovelace” series of graphic chips regarded as early pioneer in computer science.
- In November 2022, Samsung planned to launch new in-house research unit to combat downfall of semiconductor. New organization launch under the Device Solutions Business Division and assigned to research avenues with new investment.
Semiconductor Market Company Profile
- Qualcomm*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Intel Corporation
- Broadcom Inc.
- Samsung Electronics
- Toshiba Corporation
- NVIDIA Corporation
- Taiwan Semiconductors
- NXP Semiconductors N.V.
- Texas Instruments
- Micron Technology
“*” marked represents similar segmentation in other categories in the respective section
Semiconductor Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Component
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Market Segmentation, By Component
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- Logic Devices
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Memory Devices
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Discrete Power Devices
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Sensors
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- MCU
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- MPU
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Analog IC
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Market Segmentation, By Application, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- Data Processing
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Networking & Communications
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Consumer Electronics
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Industrial
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Automotive
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Global Market, By Region, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Component, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Component, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Component, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Component, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Component, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- GCC
- Israel
- South Africa
- Rest of Middle East
- Latin America
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Qualcomm
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Intel Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Broadcom Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Samsung Electronics
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Toshiba Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- NVIDIA Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Taiwan Semiconductors
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- NXP Semiconductors N.V.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Texas Instruments
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Micron Technology
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Semiconductor Market is segmented into Component, Application and Region.
Semiconductor Market is driven by factors like growing adoption of consumer electronics product.
By region, the Semiconductor market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific market is estimated to witness a significantly high revenue share over the forecast period.
The key players operating the Semiconductor Market includes, Qualcomm, Intel Corporation, Broadcom Inc., Samsung Electronics, Toshiba Corporation, NVIDIA Corporation, Taiwan Semiconductors, NXP Semiconductors N.V., Texas Instruments, Micron Technology, and others.
Semiconductor Market accounted for US$ 573.44 billion in 2022 and is estimated to be US$ 2,114.6 billion by 2032 and is anticipated to register a CAGR of 13.1%.