U.S. Semiconductor Market Size, Share, By Component (Memory Devices, Logic Devices, Analog IC, MPU, Sensors, and Others), Type (Intrinsic, and Extrinsic), Node Size (65nm, 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 By Country - Trends, Analysis and Forecast till 2034

Report Code: PMI576325 | Publish Date: February 2025 | No. of Pages: 173

Us Semiconductor Market Overview

  • The market is analyzed to build up at USD 266 Billion by 2034. 
  • The U.S. semiconductor market size was worth USD 219 Billion in 2024.
  • The market is expected to appear at a CAGR of 1.0%.

The materials which have conductivity between conductors and insulators are known as semiconductor materials. These are pure elements such as silicon (Si) or germanium (Ga), or compounds, such as gallium arsenide (GaAs) or cadmium selenide (CdSe). Extension of smartphones, soaring purchasing demands for electronics, growing 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 are factors upon which market is dependent for expansion.

Us Semiconductor Market Drivers & Restraints

Key Drivers of Target Market:

Military Utilization of Semiconductor can Drive Market Development

All major U.S. defense systems and platforms rely on semiconductors for their performance. Moreover, the U.S. civilian economy is deeply dependent on semiconductor-based platforms for its daily operations. Ensuring U.S. leadership in semiconductor technology and securing the integrity of the value chains that design, manufacture, package, and distribute these chips are perhaps the preeminent economic and national security concerns of the modern era. 

  • For instance, in September 2024, American tech giant Intel has secured USD 3 billion in direct funding to support local manufacturing of semiconductors for the U.S. military. The investment is part of the government’s “Secure Enclave” strategy, which seeks a secure, reliable supply of microelectronic hardware for defense applications.

Restraints:

Regulatory Compliance with International Laws can Prevent Market from Growth

The semiconductor industry operates within a complex regulatory environment, with varying compliance requirements across different jurisdictions. Noncompliance with regulations, such as laws against forced labor in supply chains, can result in significant fines, legal challenges, and operational disruptions. Moreover, changes in trade policies, such as tariffs or export controls, can impact the flow of goods and materials, leading to supply chain bottlenecks.

  • Counterbalance Statements: Key strategies such as understanding global regulations, developing a compliance management system (CMS), sustainability and environmental compliance, supply chain transparency, and others are solutions to address regulatory compliance in the semiconductor industry.

Opportunities:

Advanced Packaging Will Be the Next Stage for Semiconductor Industry

Developing new advanced packaging processes has been one of the breakout stars in recent years. It allows for significant performance improvements, smaller form factors, and increased functionality by integrating multiple chips into a single package, especially crucial for meeting the demands of high-performance computing, AI, and automotive electronics.

  • For instance, In February 2024, leaders from the Departments of Commerce, Defense, and Energy; and the National Science Foundation; and the Chief Executive Officer of the National Center for the Advancement of Semiconductor Technology (Natcast) announced over USD 5 billion in expected investment in the CHIPS R&D program. The announcement included hundreds of millions of dollars of expected investment in the semiconductor workforce; along with specific funding announcements in packaging, metrology, and a CHIPS Manufacturing USA Institute.

Us Semiconductor Market Segmentations & Regional Insights

Component, type, node size, application, and country are components whereupon market is apportioned.

Component

Allude to the component, the market is classified into memory devices, logic devices, analog IC, MPU, sensors, and others. Logic devices holds the dominant U.S. semiconductor market share as a result of their importance in processing and controlling data in modern digital systems.

Type

The market derived from type is portioned out into intrinsic and extrinsic. The extrinsic segment are counted on to rule the target market as they offer better performance and are more adaptable.   

Node Size

The targeted market, disclosed by node size is segregated into 65nm, 40/45 nm, 32/28 nm, 22/20 nm, 16/14 nm, and others. The 16/14 nm segment held the massive share of the market. The growth is attributed to its importance for mainstream mobile and computing applications.

Application

According to application segment, the market is clustered into networking & communication, data centers, industrial, consumer electronics, automotive, and others. The market is being dominated by the automotive segment due to the rising demand, widespread usage, and others.

  • For instance, in January 2025, Polar Semiconductor, the only U.S. owned merchant foundry specializing in sensor, power, and high-voltage semiconductors, announced that it has signed a technology licensing agreement with Tower Semiconductor to enable domestic production of Tower’s robust TS18 Power Management process. Under the terms of the agreement, Polar will license Tower’s broad 180nm technology to become the only U.S.-based foundry capable of high-voltage power BCD semiconductor wafer production for Aerospace & Defense and commercial end markets.

U.S. Semiconductor Market Report Scope:

Attribute

Details

Market Size 2024

USD 219 Billion 

Projected Market Size 2034

USD 266 Billion

CAGR Growth Rate

1.0% (2024-2034)

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

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

Us Semiconductor Market Competitive Landscape & Key Players

ANALOG DEVICES, INC., NVIDIA CORPORATION, Qualcomm Technologies, Inc., Intel Corporation, and among others are companies for semiconductor in U.S. These companies are integrating market growth schemes including new product launch, collaboration & partnerships, integration of advance technologies, investment and funding, and others, to maintain dominance in the market.   

List of Key Players in the Market:

  • ANALOG DEVICES, INC.
  • NVIDIA CORPORATION
  • Qualcomm Technologies, Inc.
  • Intel Corporation
  • GLOBALFOUNDRIES
  • BROADCOM
  • ADVANCED MICRO DEVICES, INC.
  • MICRON TECHNOLOGY, INC.
  • TEXAS INSTRUMENTS INCORPORATED
  • Applied Materials, Inc.
  • Marvell
  • LAM RESEARCH CORPORATION

Us Semiconductor Market Recent News

  • In September 2024, in a significant move, the U.S. State Department announced a partnership with India to diversify the global semiconductor ecosystem under the International Technology Security and Innovation (ITSI) fund. The initial phase of the partnership includes a comprehensive assessment of India's existing semiconductor ecosystem and regulatory framework, as well as workforce and infrastructure needs.
  • In February 2024, President Joe Biden’s administration launched a USD 5 billion semiconductor research consortium to bolster chip design and hardware innovation in the U.S. and counter China’s efforts to capture the cutting edge of the industry. The consortium plans to invest hundreds of millions of dollars into workforce development and intends to open funding applications in early March for research grants, Commerce Undersecretary for Standards and Technology.

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Us Semiconductor Market Company Profile

Company Name

NVIDIA CORPORATION

Headquarter

California, U.S.

CEO

Jensen Huang

Employee Count (2024)

29,600 Employees

FAQs

The U.S. Semiconductor market size was valued at USD 219 Billion in 2024 and is expected to reach USD 266 Billion by 2034 growing at a CAGR of 1.0%.

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

The key players operating in the U.S. Semiconductor Market include ANALOG DEVICES, INC., NVIDIA CORPORATION, Qualcomm Technologies, Inc., Intel Corporation, GLOBALFOUNDRIES, BROADCOM, ADVANCED MICRO DEVICES, INC., MICRON TECHNOLOGY, INC., TEXAS INSTRUMENTS INCORPORATED, Applied Materials, Inc., Marvell, and LAM RESEARCH CORPORATION