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The United States semiconductor market size reached USD 79.50 billion in 2023. The market is expected to grow at a CAGR of 8.7% between 2024 and 2032, reaching almost USD 167.92 billion by 2032.
A semiconductor is a substance that exhibits a conductivity level between that of conductors and insulators, essential in the development of modern electronic devices. Intrinsic and extrinsic semiconductors are commonly used types with varying capacities to conduct electrical charges.
As per the United States semiconductor market report, these semiconductors are utilized in various industries such as computing, telecommunications, aerospace, medical technology, automotive, defence, and robotics, acting as vital elements in a wide array of electronic devices like microprocessors, transistors, diodes, and integrated circuits (ICs).
As per the 2022 State of the U.S. Semiconductor Industry Association report, semiconductor exports from the U.S. reached $62 billion in 2021, ranking as the fourth highest among U.S. exports, following aeroplanes, refined oil, and crude oil. The semiconductor industry in the U.S. also contributed to supporting 1.84 million jobs in the country in 2021, thereby contributing significantly to the United States semiconductor market growth.
The United States semiconductor market growth is driven by factors such as environmental considerations, the needs of defence and aerospace industries, advancements in technology, and the increasing demand for consumer electronics.
February 2024
The US government intends to establish a $5 billion semiconductor research group to enhance chip design, and hardware innovation, and compete with China's industry advancements.
December 2023
The U.S. Department of Commerce launched a survey to analyse the nation's semiconductor supply chain and industrial base, mitigating risks from Chinese-sourced chips.
September 2023
The United States and Vietnam had signed an agreement on semiconductor supply chains, aiming to enhance the capacity of Hanoi's semiconductor ecosystem in support of the US industry.
March 2023
India and the United States finalized a Memorandum of Understanding (MoU) to establish a Semiconductor Sub-Committee under their Commercial Dialogue.
Technological advancements
The United States semiconductor market is experiencing growth due to the increasing adoption of fifth generation (5G) communication, artificial intelligence (AI), and machine learning (ML). Semiconductors are crucial for manufacturing advanced equipment in these technologies, facilitating faster data processing and low-latency communication.
Growing consumer electronics demand
Semiconductors are integral components in numerous digital consumer products like smartphones, digital cameras, televisions, washing machines, refrigerators, and LED bulbs. Additionally, they're employed in personal computers to manage overheating and vibration, enhancing the longevity and performance of these devices.
Environmental concerns
The rising preference for hybrid and electric vehicles (EVs), propelled by increasing environmental consciousness, is driving the need for semiconductor-based products. These encompass motor controls, power electronics, battery management systems (BMS), communication devices, and infotainment systems, all contributing to the market growth.
Defence and aerospace
The United States semiconductor market developments are attributed to the growing emphasis on the manufacturing of semiconductors for navigation, communication, and radar systems. Additionally, the expanded application of these products in railway systems for signal processing, control systems, and communication devices is driving market expansion.
The market is witnessing enhanced growth driven by the widespread use of products in Internet of Things (IoT) technology, facilitating connectivity and rapid data processing. Moreover, the rising demand for products in the manufacturing of various medical devices such as magnetic resonance imaging (MRI), ultrasound machines, and computed tomography (CT) scanners is bolstering market expansion.
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United States Semiconductor Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Products
Market Breakup by Application
Market Breakup by Region
Sensors/MEMS are driving demand in the United States semiconductor market growth, as they find application in a wide range of products such as microvalves, micromirrors, pressure sensors for microphones, and labs-on-a-chip
MEMS sensors offer the benefit of compact size, allowing quick response to slight pressure changes and opening doors to new applications like implantable medical devices.
Optoelectronics primarily function as energy converters, transforming light into electricity or emitting light. As the demand for energy conversion devices increases, the quest for renewable and environmentally friendly energy sources rises as well.
In terms of applications, the United States semiconductor market share is driven by consumer electronics
Consumer electronics play a vital role in contemporary society, serving as the main channels for communication, entertainment, and a multitude of functions that enrich daily life, all reliant on semiconductors.
Semiconductors in automotive applications analyse engine temperature and pressure sensor data, regulate fuel injection for optimal combustion, optimize ignition timing, and manage emissions.
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The key market players are boosting the United States semiconductor market by manufacturing semiconductor chips and microprocessors that are extensively utilised globally.
Intel Corporation, established in 1968 and headquartered in California, is an American semiconductor and technology firm renowned for producing semiconductor chips and microprocessors widely used in personal computers worldwide.
Samsung Corporation, established in 1969 and headquartered in Suwon-si, South Korea, is a prominent electronics company from South Korea, specializing in manufacturing various products such as consumer electronics, home appliances, semiconductors, and medical equipment.
NVIDIA Corporation, established in 1993 and located in California, is a leader in GPU-accelerated computing, focusing on developing products and platforms for expanding markets such as gaming, professional visualization, data centres, and automotive industries.
Texas Instruments Incorporated, founded in 1930 and based in the United States, designs, manufactures, tests, and sells analogue and embedded semiconductors crucial for electronic system development.
Other key players in the United States semiconductor market include Broadcom Inc., Micron Technology, Inc., Qualcomm Technologies, Inc., NXP Semiconductors, Infineon Technologies AG, and Advanced Micro Devices, Inc. among others.
The Far West region, particularly notable for its growing semiconductor production, plays a key role in meeting the escalating demand for semiconductors in the United States.
In 2021, California, in the Far West region, was noted by the U.S. Semiconductor Industry Association as having $11.2 billion in semiconductor exports, ranking as the top export by value nationwide with 643 semiconductor establishments.
Texas, in the southwest region, holds the second position in the U.S. for semiconductor manufacturing firms, as per the Office of the Texas Governor in 2023, boasting the second-largest semiconductor workforce in the country.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Products |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*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 Market 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
7 Industry Opportunities and Challenges
8 United States Semiconductor Market Overview
8.1 Key Industry Highlights
8.2 United States Semiconductor Historical Market (2018-2023)
8.3 United States Semiconductor Market Forecast (2024-2032)
9 United States Semiconductor Market by Products
9.1 Sensors/MEMS
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Microprocessors
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Optoelectronics
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Memory
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.5 Analog/RF/Mixed Signal
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.6 Discrete
9.6.1 Historical Trend (2018-2023)
9.6.2 Forecast Trend (2024-2032)
9.7 Others
10 United States Semiconductor Market by Application
10.1 Automotive
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Telecommunication
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Consumer Electronics
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Aerospace and Defence
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Industrial
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Healthcare
10.6.1 Historical Trend (2018-2023)
10.6.2 Forecast Trend (2024-2032)
11 United States Semiconductor Market by Region
11.1 New England
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Mideast
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Great Lakes
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Plains
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Southeast
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Southwest
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
11.7 Rocky Mountains
11.7.1 Historical Trend (2018-2023)
11.7.2 Forecast Trend (2024-2032)
11.8 Far West
11.8.1 Historical Trend (2018-2023)
11.8.2 Forecast Trend (2024-2032)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Intel Corporation
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Samsung Corporation
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 NVIDIA Corporation
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Texas Instruments Incorporated
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Broadcom Inc.
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Micron Technology, Inc.
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Qualcomm Technologies, Inc.
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 NXP Semiconductors
13.2.8.1 Company Overview
13.2.8.2 Product Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 Infineon Technologies AG
13.2.9.1 Company Overview
13.2.9.2 Product Portfolio
13.2.9.3 Demographic Reach and Achievements
13.2.9.4 Certifications
13.2.10 Advanced Micro Devices, Inc.
13.2.10.1 Company Overview
13.2.10.2 Product Portfolio
13.2.10.3 Demographic Reach and Achievements
13.2.10.4 Certifications
13.2.11 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. United States Semiconductor Market: Key Industry Highlights, 2018 and 2032
2. United States Semiconductor Historical Market: Breakup by Products (USD Billion), 2018-2023
3. United States Semiconductor Market Forecast: Breakup by Products (USD Billion), 2024-2032
4. United States Semiconductor Historical Market: Breakup by Application (USD Billion), 2018-2023
5. United States Semiconductor Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. United States Semiconductor Historical Market: Breakup by Region (USD Billion), 2018-2023
7. United States Semiconductor Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. United States Semiconductor Market Structure
The market was valued at USD 79.50 billion in 2023.
The market is projected to grow at a CAGR of 8.7% between 2024 and 2032.
The revenue generated from the market is expected to reach USD 167.92 billion in 2032.
The United States semiconductor market growth is driven by factors such as environmental considerations, the needs of defence and aerospace industries, advancements in technology, and the increasing demand for consumer electronics.
The market is categorised according to its products, which include sensors/MEMS, microprocessors, optoelectronics, memory, analog/RF/mixed-signal, discrete and others.
The market key players are Intel Corporation, Samsung Corporation, NVIDIA Corporation, Texas Instruments Incorporated, Broadcom Inc., Micron Technology, Inc., Qualcomm Technologies, Inc., NXP Semiconductors, Infineon Technologies AG, and Advanced Micro Devices, Inc. among others.
Based on the application, the market is divided into automotive, telecommunication, consumer electronics, aerospace, and defence, industrial, and healthcare.
The major market areas include New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
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