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Global Semiconductor Market Share, Size, Trends, Forecast: By Component: Memory Devices, Logic Devices, Analogue IC, OSD, Microcomponent; By Application: Automotive, Industrial, Data Centre, Telecommunication, Consumer Electronics, Aerospace and Defence, Healthcare, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Semiconductor Market Size

The global semiconductor market reached 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 1,218.58 billion by 2032.

 

Key Takeaways

  • As per the Semiconductor Industry Association (SIA), global semiconductor sales increased by 5.3% from 2022 to 2023.
  • Approximately 92% of the world’s most advanced semiconductors are produced in Taiwan.
  • Research organisations, governments, and key industry stakeholders are joining hands to improve semiconductor manufacturing and design.

 

Semiconductors refer to solid chemical compounds or elements that conduct electricity under certain conditions. They are power efficient, compact, and reliable, due to which they find wide usage in the manufacturing of electronic devices and components, including mobile phones, integrated circuits, communication devices, transistors, and ATMs, among others. They also play an essential role in signal processing, computing, and control applications in the industrial and consumer sectors.

 

The growing consumer demand for the latest smartphones, tablets, laptops, and other electronic devices is one of the major factors driving the semiconductor market growth. These devices require advanced chips to deliver superior performance, better graphics, and improved efficiency. The global surge in data generation and consumption drives the need for more robust data centres, and semiconductors are key components in servers, storage devices, and networking equipment that power these data centres. Another crucial factor is the advancements in electric vehicles (EVs), autonomous driving, and infotainment systems, which necessitate a higher number of semiconductors per vehicle.

 

Semiconductor Market Report Snapshots

Semiconductor Market Size

Semiconductor Market Share

Semiconductor Companies

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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

Key Questions Answered in the Report

In 2023, the market reached an approximate value of USD 625.05 billion.

The market is estimated to grow at a CAGR of 7.7% between 2024 and 2032.

The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 1,218.58 billion by 2032.

The major market drivers include surging demand for consumer electronics, the robust growth of the automotive sector, and the expansion of semiconductor production bases by key players.

The key trends aiding the market include advanced process technologies, the growing prominence of 5G technology, the emergence of AI and IoT, and expanding production capabilities and semiconductor’s role in clean energy technologies.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Companies could benefit by investing in long-term R&D, promoting collaboration within the semiconductor ecosystem, and expanding capacity to meet the ever-increasing semiconductor demand.

The major semiconductor components in the market are memory devices, long devices, analogue IC, OSD, and microcomponent.

The significant applications of semiconductor are automotive, industrial, data centre, telecommunication, consumer electronics, aerospace and defence, and healthcare, among others.

The major players in the market are Intel Corporation, Micron Technology, Inc., Qualcomm Technologies, Inc., Samsung Electronics Co., Ltd., SK Hynix Inc., Taiwan Semiconductor Manufacturing Company Limited, Broadcom Inc., MediaTek Inc., Texas Instruments, NXP Semiconductors N.V., and Nvidia Corporation, among others.

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