North America Semiconductor Market Size, Share, By Component (Memory Devices, Logic Devices, Analog IC, MPU, Sensors, and Others), Type (Intrinsic, and Extrinsic), Node Size (65 nm, 40/45 nm, 32/28 nm, 22/20 nm, 16/14 nm, and Others), Application (Networking & Communication, Data Centers, Industrial, Consumer Electronics, Automotive, and Others) and Country - Trends, Analysis and Forecast till 2034

Report Code: PMI576225 | Publish Date: February 2025 | No. of Pages: 177

North America Semiconductor Market Overview

  • The target market is estimated to grow at USD 324 Billion by 2034.
  • During 2024, the North America semiconductor market size was benefited at USD 267 Billion.
  • The market is burgeoning at a CAGR of 2.0%.

A “semiconductor" is a substance with characteristics intermediate between those of a "conductor" that conducts electricity, such as metal and an "insulator" through which electricity hardly flows. Target market is driven by the expansion of smartphones, rising consumer demands for electronics, increasing demand for semiconductors in many industries including automotive, electronics, and others, rising adoption of green semiconductors technologies due to consumer trend towards sustainability, and others.

Contribution of AI in Semiconductor Industry:

  • In recent years, the semiconductor industry has witnessed a significant transformation, primarily due to the integration of artificial intelligence (AI) into various semiconductor design, components, and testing aspects. The semiconductor and systems industries leverage artificial intelligence (AI) to enhance chip design processes, streamline time-to-market, and curtail expenses. Fortunately, artificial intelligence has emerged as a powerful catalyst for reshaping the semiconductor landscape.

North America Semiconductor Market Drivers & Restraints

Key Drivers of Target Market:

Compactness & Portability of Semiconductor can Support Market Expansion

One of the most evident characteristics of semiconductor is its size. Usually, semiconductors are small in size, and thus, the circuits with semiconductors are also compact and highly portable. The semiconductors being light in weight is also another advantage. Moreover, due to their compactness, semiconductors occupy only a small space and use less power. 

  • For instance, in February 2024, Murata, a global electronics innovator, announced the launch of three new power component solutions designed to help solve the challenges, constraints, and limitations of the semiconductor industry. These include the PE25208, a revolutionary ultra-high efficiency charge pump IC aimed to fuel the future of portable consumer electronics, including laptops and other USB PD high power applications; and the PE24109 and PE24110, two compact, low-profile, and ultra-high efficiency step-down DC-DC converter solutions for low output voltage applications targeting applications, such as high density and optical transceiver modules.

Restraints:

Safety Concern with Reference to Semiconductor can Restricted Diversification of Market

Semiconductors are vital for modern electronics, powering devices from smartphones to medical equipment. However, working with semiconductors can pose safety risks if proper procedures are not followed. Hazards in the industry include exposure to chemicals, toxic metals, and radiation, among others.

  • Counterbalance Statements: To maintain a safe work environment protocol including installation of proper ventilation systems, requirement of personal protective equipment (PPE), safely labelling, handling, and storing of chemicals, monitoring air quality, and others are used.

Opportunities:

Accumulation of Groundbreaking Technology can Unwrap Future Possibility for Market Enlargement

Over the last few years, the need of being technologically advanced has given all industries an extra edge to work on, and the demand for high-quality electronic devices, such as desktops, laptops, and other wireless communication equipment, and the growth of cloud-based computing, has ignited the cause of developing semiconductor business globally.

  • For instance, In February 2024, Butterfly Network, Inc., a digital health company transforming care through the power of portable, semiconductor-based ultrasound technology and intuitive software, announced the commercial launch of its third-generation handheld point-of-care ultrasound (POCUS) system, Butterfly iQ3. Butterfly iQ3 is powered by the Company’s most advanced semiconductor chip with a data transfer rate that is double that of its predecessor.

North America Semiconductor Market Segmentations & Regional Insights

The North America semiconductor market is classified into component, type, node size, application, and country.

Component

Based on component, the market is categorized into memory devices, logic devices, analog IC, MPU, sensors, and others. Logic devices have the largest North America semiconductor market share. This is due to their importance in processing and controlling data in modern digital systems.

Type

The market by type is bifurcated into intrinsic and extrinsic. The extrinsic segment are expected to dominate the target market as they offer better performance and are more adaptable.   

Node Size

The targeted market, by node size, is distributed into 65nm, 40/45 nm, 32/28 nm, 22/20 nm, 16/14 nm, and others. However, the 16/14 nm segment held the largest share of focused market. This is due to its importance for mainstream mobile and computing applications.

  • For instance, in April 2024, Tata Group, in collaboration with Powerchip Semiconductor Manufacturing Corporation (PSMC), has commenced the development of 14-nanometer (nm) chip technology. This initiative supplements their existing plans to manufacture 28 nm nodes at their semiconductor fabrication unit in Gujarat, India. 

Application

On the account of application, the market is grouped into networking & communication, data centers, industrial, consumer electronics, automotive, and others. Among all these, the automotive segment grabbed highest market share due to rising demand, widespread usage, and others.

North America Semiconductor Market Report Scope:

Attribute

Details

Market Size 2024

USD 267 Billion 

Projected Market Size 2034

USD 324 Billion

CAGR Growth Rate

2.2% (2024-2034)

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Regional scope

North America - U.S. and Canada

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segmentation:

By Component:

  • Memory Devices
  • Logic Devices
  • Analog IC
  • MPU
  • Sensors
  • Others

By Type:

  • Intrinsic
  • Extrinsic

By Node Size:

  • 65nm
  • 40/45 nm
  • 32/28 nm
  • 22/20 nm
  • 16/14 nm
  • Others

By Application:

  • Networking & Communication
  • Data Centers
  • Industrial
  • Consumer Electronics
  • Automotive
  • Others

By Region:

  • North America
    • U.S.
    • Canada

North America Semiconductor Market Competitive Landscape & Key Players

The companies functioning in the market include EPIC Semiconductors, BDC, SPARK Microsystems, Teledyne Vision Solutions, and others. These companies are assimilating enlargement schemes including new product launches, collaboration & partnerships, integration of advanced technologies, and others for expanding their market presence globally. 

List of Key Players in the Market:

  • EPIC Semiconductors
  • BDC
  • SPARK Microsystems
  • Teledyne Vision Solutions
  • CELESTICA INC.
  • IBM
  • 5N Plus
  • CSC SYGNUM
  • ATLAS COPCO NORTH AMERICA LLC
  • KUKA AG
  • Veeco Instruments Inc.
  • NATIONAL INSTRUMENTS CORP.

North America Semiconductor Market Recent News

  • In December 2024, Tower Semiconductor has introduced its new 300mm 65nm 3.3V-based BCD Power Management Platform (PML), enhancing its existing 5V-based solutions that are currently in high-volume production. This innovative platform is designed to meet the low-voltage needs of mobile devices while optimizing power efficiency and density for AI and data center applications.
  • In May 2021, IBM unveiled a breakthrough in semiconductor design and process with the development of the world's first chip announced with 2 nanometer (nm) nanosheet technology. IBM's new 2 nm chip technology helps advance the state-of-the-art in the semiconductor industry, addressing growing demand. It is projected to achieve 45% higher performance, or 75% lower energy use, than today's most advanced 7 nm node chips.

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North America Semiconductor Market Company Profile

Company Name

KUKA AG

Headquarter

Augsburg, Germany

CEO

Peter Mohnen

Employee Count (2024)

14,000 Employees

FAQs

North America Semiconductor Market Size was valued at USD 267 Billion in 2024 and is expected to reach USD 324 Billion by 2034 growing at a CAGR of 2.2%.

The market is segmented into component, type, node size, application, and country.

By country, the market is studied across the U.S. and Canada. The U.S. is expected to dominate the Market.

The key players operating in the North America semiconductor market include EPIC Semiconductors, BDC, SPARK Microsystems, Teledyne Vision Solutions, CELESTICA INC., IBM, 5N Plus, CSC SYGNUM, ATLAS COPCO NORTH AMERICA LLC KUKA AG Veeco Instruments Inc., and NATIONAL INSTRUMENTS CORP.