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The semiconductor market reached a value of approximately USD 625.05 billion in 2023. The market is projected to grow at a CAGR of 7.7% between 2024 and 2032, reaching a value of around USD 1281.58 billion by 2032.
Semiconductor Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Semiconductor Market Analysis
8.1 Key Industry Highlights
8.2 Global Semiconductor Historical Market (2018-2023)
8.3 Global Semiconductor Market Forecast (2024-2032)
8.4 Global Semiconductor Market by Component
8.4.1 Memory Devices
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Logic Devices
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Analogue IC
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 OSD
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Microcomponent
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.5 Global Semiconductor Market by Application
8.5.1 Automotive
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Industrial
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Data Centre
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Telecommunication
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Consumer Electronics
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Aerospace and Defence
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Healthcare
8.5.7.1 Historical Trend (2018-2023)
8.5.7.2 Forecast Trend (2024-2032)
8.5.8 Others
8.6 Global Semiconductor Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe, Middle East and Africa (EMEA)
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
9 North America Semiconductor Market Analysis
9.1 Market by Component
9.2 Market by Application
9.3 Market by Country
9.3.1 United States of America
9.3.1.1 Historical Trend (2018-2023)
9.3.1.2 Forecast Trend (2024-2032)
9.3.2 Canada
9.3.2.1 Historical Trend (2018-2023)
9.3.2.2 Forecast Trend (2024-2032)
10 Europe, Middle East and Africa (EMEA) Semiconductor Market Analysis
10.1 Market by Component
10.2 Market by Application
10.3 Market by Country
10.3.1 United Kingdom
10.3.1.1 Historical Trend (2018-2023)
10.3.1.2 Forecast Trend (2024-2032)
10.3.2 Germany
10.3.2.1 Historical Trend (2018-2023)
10.3.2.2 Forecast Trend (2024-2032)
10.3.3 France
10.3.3.1 Historical Trend (2018-2023)
10.3.3.2 Forecast Trend (2024-2032)
10.3.4 Italy
10.3.4.1 Historical Trend (2018-2023)
10.3.4.2 Forecast Trend (2024-2032)
10.3.5 Others
11 Asia Pacific Semiconductor Market Analysis
11.1 Market by Component
11.2 Market by Application
11.3 Market by Country
11.3.1 China
11.3.1.1 Historical Trend (2018-2023)
11.3.1.2 Forecast Trend (2024-2032)
11.3.2 Japan
11.3.2.1 Historical Trend (2018-2023)
11.3.2.2 Forecast Trend (2024-2032)
11.3.3 India
11.3.3.1 Historical Trend (2018-2023)
11.3.3.2 Forecast Trend (2024-2032)
11.3.4 ASEAN
11.3.4.1 Historical Trend (2018-2023)
11.3.4.2 Forecast Trend (2024-2032)
11.3.5 South Korea
11.3.5.1 Historical Trend (2018-2023)
11.3.5.2 Forecast Trend (2024-2032)
11.3.6 Australia
11.3.6.1 Historical Trend (2018-2023)
11.3.6.2 Forecast Trend (2024-2032)
11.3.7 Others
12 Latin America Semiconductor Market Analysis
12.1 Market by Component
12.2 Market by Application
12.3 Market by Country
12.3.1 Brazil
12.3.1.1 Historical Trend (2018-2023)
12.3.1.2 Forecast Trend (2024-2032)
12.3.2 Argentina
12.3.2.1 Historical Trend (2018-2023)
12.3.2.2 Forecast Trend (2024-2032)
12.3.3 Mexico
12.3.3.1 Historical Trend (2018-2023)
12.3.3.2 Forecast Trend (2024-2032)
12.3.4 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Global Investments in Semiconductor Industry
14.1 By Country (USA, South Korea, Japan, Taiwan, China, Germany, India, Thailand, Malaysia, France)
14.2 By Technology
15 Benchmarking of the Semiconductor Industry
15.1 Labor Cost
15.2 Utility Rate
15.3 Energy Cost (Natural Gas, Electricity Tariff)
16 Infrastructure, Geo-Political and Economic Indicators for Semiconductor Industry
16.1 National Security
16.2 Electrification
16.3 Land Availability
16.4 Water Supply
16.5 Software and Designs
16.6 Growth in Automotive and Telecommunication Sector
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Intel Corporation (NASDAQ: INTC)
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Micron Technology, Inc. (NASDAQ: MU)
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Qualcomm Technologies, Inc. (NASDAQ: QCOM)
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Samsung Electronics Co., Ltd. (KRX: 005930)
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 SK Hynix Inc. (KRX: 000660)
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Taiwan Semiconductor Manufacturing Company Limited
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Broadcom Inc.
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 MediaTek Inc.
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Texas Instruments
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 NXP Semiconductors N.V.
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 Nvidia Corporation
17.2.11.1 Company Overview
17.2.11.2 Product Portfolio
17.2.11.3 Demographic Reach and Achievements
17.2.11.4 Certifications
17.2.12 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Semiconductor Market: Key Industry Highlights, 2018 and 2032
2. Global Semiconductor Historical Market: Breakup by Component (USD Billion), 2018-2023
3. Global Semiconductor Market Forecast: Breakup by Component (USD Billion), 2024-2032
4. Global Semiconductor Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Semiconductor Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Semiconductor Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Semiconductor Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Semiconductor Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Semiconductor Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Semiconductor Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Semiconductor Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Semiconductor Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Semiconductor Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Semiconductor Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Semiconductor Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Semiconductor Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Semiconductor Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Semiconductor Market Structure
The market was valued at USD 625.05 billion in 2023.
The market is projected to grow at a CAGR of 7.7% between 2024 and 2032.
The revenue generated from the semiconductor market is expected to reach USD 1281.58 billion in 2032.
Technological advancements, growing consumer electronics demand, environmental concerns and defence and aerospace are the major trends impacting the semiconductor market trends.
The semiconductor market is categorised according to the components, which include memory devices, logic devices, analogue IC, OSD and microcomponents.
The key players are Intel Corporation (NASDAQ: INTC), Samsung Electronics Co., Ltd., Texas Instruments, Nvidia Corporation, Micron Technology, Inc. (NASDAQ: MU), Qualcomm Technologies, Inc. (NASDAQ: QCOM), SK Hynix Inc. (KRX: 000660), Taiwan Semiconductor Manufacturing Company Limited, Broadcom Inc., MediaTek Inc., and NXP Semiconductors N.V. among others.
Based on the application, the market is divided into automotive, industrial, data centre, telecommunication, consumer electronics, aerospace and defence, healthcare, and others.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The Asia-Pacific region is the fastest-growing region in the global semiconductor market, driven by technological advancements, and the surging demand for consumer electronics.
The top five companies in the semiconductor market are Intel Corporation (NASDAQ: INTC), Samsung Electronics Co., Ltd., Texas Instruments, Nvidia Corporation, and Micron Technology, Inc. (NASDAQ: MU).
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