Semiconductor Market
Semiconductor Market Forecasts to 2030 - Global Analysis by Component (Integrated Circuits (ICs), Discrete Semiconductors, Optoelectronics and Sensors), Material, Technology, Application, End User and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $714.6 BN |
|
Projected Year Value (2030) |
US $1823 BN |
|
CAGR (2024 - 2030) |
16.9% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Semiconductor Market is accounted for $714.6 billion in 2024 and is expected to reach $1823.7 billion by 2030 growing at a CAGR of 16.9% during the forecast period. A semiconductor is a material with electrical conductivity between that of a conductor and an insulator, typically silicon or gallium arsenide. Its conductivity can be controlled by doping or external electrical fields, making it essential in modern electronics. Uses include microchips, transistors, diodes, and solar cells, powering devices like computers, smartphones, and medical equipment. Semiconductors are crucial in automotive, telecommunications, and renewable energy industries, enabling advanced computing, signal processing, and energy conversion.
According to the Semiconductor Industry Association, the United States exported $61.1 billion in semiconductors in 2022.
Market Dynamics:
Driver:
Growing Demand for Consumer Electronics
The rising demand for consumer electronics, such as smartphones, laptops, wearables, and smart home devices, is a major driver of the semiconductor market. Manufacturers of semiconductors are experimenting with smaller nodes, AI integration, and better chip layouts as consumers want more sophisticated features, processing power, and energy efficiency. The need for high-performance CPUs is further fueled by the growth of 5G, IoT, and AR/VR. Furthermore, the popularity of semiconductors is accelerating due to global trends toward digitization, making them an essential part of contemporary electronics, thus it propels market growth.
Restraint:
High Manufacturing Costs
High manufacturing costs in the semiconductor market hinder innovation, limit production scalability, and raise product prices. These costs, driven by expensive raw materials, advanced fabrication processes, and R&D investments, create barriers for new entrants, reducing competition. Smaller companies struggle to compete, leading to market consolidation. Additionally, higher costs slowly down technological advancements, delaying new product releases and affecting overall industry growth.
Opportunity:
Advancements in AI, IoT, and 5G
By raising demand for high-performance chips, improved connectivity, and edge computing, developments in AI, IoT, and 5G are substantially propelling the semiconductor business. While IoT growth drives demand for low-power, high-efficiency processors, AI accelerates the need for sophisticated GPUs and AI-specific semiconductors. In the meantime, 5G needs sophisticated network processors and RF components to enable lower latency and faster data rates. Together, these technologies drive innovation in semiconductor manufacturing, design, and materials, which promotes industry expansion and competition.
Threat:
Supply Chain Disruptions
Supply chain disruptions in the semiconductor industry cause significant production delays, increased costs, and decreased supply, impeding industry growth. The consumer electronics, automotive, and industrial industries are all impacted by manufacturing setbacks caused by raw material shortages, geopolitical unrest, and logistics bottlenecks. These disturbances also create pricing volatility, require companies to redesign products, and undermine technological developments, ultimately impacting global competitiveness and economic stability in the semiconductor industry.
Covid-19 Impact
The COVID-19 pandemic disrupted the semiconductor market through supply chain bottlenecks, factory shutdowns, and component shortages, leading to increased lead times and price hikes. However, rising demand for remote work devices, cloud computing, and healthcare technology offset losses. Governments and companies invested in localized production to reduce dependency on global supply chains, accelerating long-term industry resilience and reshaping market dynamics.
The integrated circuits (ICs) segment is expected to be the largest during the forecast period
The integrated circuits (ICs) segment is expected to account for the largest market share during the forecast period, as the need for AI, IoT, and 5G applications grows, integrated circuits (ICs) are developing to provide increased performance, efficiency, and shrinking. System-on-chip (SoC) and application-specific integrated circuit (ASIC) innovation is further fueled by the expansion of the consumer electronics, automotive, and industrial sectors. The growth of this sector shapes the industry's future by accelerating semiconductor research, manufacturing, and technological advancements.
The healthcare segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the healthcare segment is predicted to witness the highest growth rate, because of the need for AI-powered diagnostics, and sophisticated medical equipment. High-performance, low-power chips are necessary for semiconductor technologies, which enable advancements in smart implants, and remote patient monitoring. The need for safe, energy-efficient semiconductors is further increased by the growth of telemedicine and connected healthcare. Healthcare is a major source of income for the semiconductor industry, since developments in biosensors technologies are also growing semiconductor uses in medical diagnostics.
Region with largest share:
During the forecast period, the North America region is expected to hold the largest market share because of significant investments in R&D and manufacturing, as well as developments in AI, 5G, and IoT. Innovation is fueled by the region's thriving ecosystem of chipmakers, design firms, and tech giants. To lessen dependency on imports, government programs like the CHIPS Act are increasing domestic production. North America is becoming a major player in the creation of semiconductors worldwide due to the market's rapid expansion and rising demand from sectors including consumer electronics, healthcare, and the automotive industry.
Region with highest CAGR:
Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR, owing to rapid technological advancements, strong government initiatives, and increasing demand for consumer electronics, automotive applications, and industrial automation. Countries like China, Taiwan, and Japan dominate global semiconductor manufacturing, benefiting from robust supply chains and heavy investments in R&D. The rise of AI, 5G, and IoT further accelerates market expansion. Additionally, supporting domestic chip production and geopolitical shifts are reshaping supply dynamics, boosting growth and competitiveness in the sector.
Key players in the market
Some of the key players profiled in the Semiconductor Market include Advanced Micro Devices (AMD), Analog Devices, Inc. (ADI), Applied Materials, Broadcom Inc., GlobalFoundries, Infineon Technologies, Intel Corporation, Marvell Technology Group, MediaTek Inc., Micron Technology, NVIDIA Corporation, NXP Semiconductors, ON Semiconductor (onsemi), Qualcomm Incorporated, Renesas Electronics, Samsung Electronics, SK Hynix, STMicroelectronics, Taiwan Semiconductor Manufacturing Company and Texas Instruments.
Key Developments:
In January 2025, Samsung Electronics unveiled Samsung Vision AI at the CES 2025 First Look, delivering personal AI-powered screens to enrich everyday life. Samsung also unveiled the latest flagship Neo QLED 8K QN990F and exciting updates to its Lifestyle TVs and future display technologies, reflecting Samsung’s vision to transform screens into adaptive, intelligent companions to simplify and enrich everyday living.
In October 2024, Samsung Electronics teamed up with NTT DOCOMO to jointly research the application of AI in next-generation mobile communications technology.
In September 2024, Samsung Electronics announced the signing of a strategic technology partnership agreement with Hyundai Motor and Kia. To elevate users’ connectivity experiences by fully integrating the SmartThings IoT platform with Hyundai and Kia’s software-defined vehicles (SDVs).
Components Covered:
• Integrated Circuits (ICs)
• Discrete Semiconductors
• Optoelectronics
• Sensors
Materials Covered:
• Silicon
• Silicon Carbide (SiC)
• Gallium Nitride (GaN)
• Other Materials
Technologies Covered:
• FinFET
• MOSFET
• Super Junction
• Silicon on Insulator (SOI)
Applications Covered:
• Consumer Electronics
• Automotive
• Industrial
• Telecommunications
• Healthcare
• Aerospace & Defense
• Other Applications
End Users Covered:
• Original Equipment Manufacturers (OEMs)
• Foundries
• Fabless Semiconductor Companies
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Semiconductor Market, By Component
5.1 Introduction
5.2 Integrated Circuits (ICs)
5.2.1 Microprocessors
5.2.2 Microcontrollers
5.2.3 Memory (DRAM, NAND, etc.)
5.2.4 Analog ICs
5.3 Discrete Semiconductors
5.4 Optoelectronics
5.5 Sensors
6 Global Semiconductor Market, By Material
6.1 Introduction
6.2 Silicon
6.3 Silicon Carbide (SiC)
6.4 Gallium Nitride (GaN)
6.5 Other Materials
7 Global Semiconductor Market, By Technology
7.1 Introduction
7.2 FinFET
7.3 MOSFET
7.4 Super Junction
7.5 Silicon on Insulator (SOI)
8 Global Semiconductor Market, By Application
8.1 Introduction
8.2 Consumer Electronics
8.3 Automotive
8.4 Industrial
8.5 Telecommunications
8.6 Healthcare
8.7 Aerospace & Defense
8.8 Other Applications
9 Global Semiconductor Market, By End User
9.1 Introduction
9.2 Original Equipment Manufacturers (OEMs)
9.3 Foundries
9.4 Fabless Semiconductor Companies
9.5 Other End Users
10 Global Semiconductor Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Advanced Micro Devices (AMD)
12.2 Analog Devices, Inc. (ADI)
12.3 Applied Materials
12.4 Broadcom Inc.
12.5 GlobalFoundries
12.6 Infineon Technologies
12.7 Intel Corporation
12.8 Marvell Technology Group
12.9 MediaTek Inc.
12.10 Micron Technology
12.11 NVIDIA Corporation
12.12 NXP Semiconductors
12.13 ON Semiconductor (onsemi)
12.14 Qualcomm Incorporated
12.15 Renesas Electronics
12.16 Samsung Electronics
12.17 SK Hynix
12.18 STMicroelectronics
12.19 Taiwan Semiconductor Manufacturing Company
12.20 Texas Instruments
List of Tables
1 Global Semiconductor Market Outlook, By Region (2022-2030) ($MN)
2 Global Semiconductor Market Outlook, By Component (2022-2030) ($MN)
3 Global Semiconductor Market Outlook, By Integrated Circuits (ICs) (2022-2030) ($MN)
4 Global Semiconductor Market Outlook, By Microprocessors (2022-2030) ($MN)
5 Global Semiconductor Market Outlook, By Microcontrollers (2022-2030) ($MN)
6 Global Semiconductor Market Outlook, By Memory (DRAM, NAND, etc.) (2022-2030) ($MN)
7 Global Semiconductor Market Outlook, By Analog ICs (2022-2030) ($MN)
8 Global Semiconductor Market Outlook, By Discrete Semiconductors (2022-2030) ($MN)
9 Global Semiconductor Market Outlook, By Optoelectronics (2022-2030) ($MN)
10 Global Semiconductor Market Outlook, By Sensors (2022-2030) ($MN)
11 Global Semiconductor Market Outlook, By Material (2022-2030) ($MN)
12 Global Semiconductor Market Outlook, By Silicon (2022-2030) ($MN)
13 Global Semiconductor Market Outlook, By Silicon Carbide (SiC) (2022-2030) ($MN)
14 Global Semiconductor Market Outlook, By Gallium Nitride (GaN) (2022-2030) ($MN)
15 Global Semiconductor Market Outlook, By Other Materials (2022-2030) ($MN)
16 Global Semiconductor Market Outlook, By Technology (2022-2030) ($MN)
17 Global Semiconductor Market Outlook, By FinFET (2022-2030) ($MN)
18 Global Semiconductor Market Outlook, By MOSFET (2022-2030) ($MN)
19 Global Semiconductor Market Outlook, By Super Junction (2022-2030) ($MN)
20 Global Semiconductor Market Outlook, By Silicon on Insulator (SOI) (2022-2030) ($MN)
21 Global Semiconductor Market Outlook, By Application (2022-2030) ($MN)
22 Global Semiconductor Market Outlook, By Consumer Electronics (2022-2030) ($MN)
23 Global Semiconductor Market Outlook, By Automotive (2022-2030) ($MN)
24 Global Semiconductor Market Outlook, By Industrial (2022-2030) ($MN)
25 Global Semiconductor Market Outlook, By Telecommunications (2022-2030) ($MN)
26 Global Semiconductor Market Outlook, By Healthcare (2022-2030) ($MN)
27 Global Semiconductor Market Outlook, By Aerospace & Defense (2022-2030) ($MN)
28 Global Semiconductor Market Outlook, By Other Applications (2022-2030) ($MN)
29 Global Semiconductor Market Outlook, By End User (2022-2030) ($MN)
30 Global Semiconductor Market Outlook, By Original Equipment Manufacturers (OEMs) (2022-2030) ($MN)
31 Global Semiconductor Market Outlook, By Foundries (2022-2030) ($MN)
32 Global Semiconductor Market Outlook, By Fabless Semiconductor Companies (2022-2030) ($MN)
33 Global Semiconductor Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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