Semiconductors - Americas

Americas

Revenue in the Semiconductors market is projected to reach US$163.00bn in 2024.
Integrated Circuits dominates the market with a projected market volume of US$148.10bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.86%, resulting in a market volume of US$260.90bn by 2029.
In global comparison, most revenue will be generated in China (US$177.80bn in 2024).

Definition:

Semiconductors are the crucial building blocks of all the electronics we see daily. The semiconductor industry comprises companies that design, fabricate, assemble, test, and supply semiconductors that are suitable for various applications. The semiconductor market represents the market size of the semiconductors used in various electronics applications.

Structure:

The semiconductor market is structured into four different markets based on the functionality of the semiconductors as follows:

The Discrete Semiconductors market represents the semiconductors that have a basic function and are mostly built using a single semiconductor device. These are further used in an application in conjunction with other semiconductors.
The Integrated Circuits market is the largest market and represents the semiconductors that have specific functionality. They generally consist of several basic semiconductor devices. This market is further divided into Analog Integrated Circuits, Logic Integrated Circuits, Memory Integrated Circuits, and Micro Integrated Circuits.
The Optoelectronics market represents the semiconductors that have functionality related to light.
The last market Sensors & Actuators represents the semiconductors that sense real-world factors and those that actuate other devices.

Additional Information:

The semiconductor market comprises revenue, revenue change, and key player market shares as the key performance indicators. Only the revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included and the revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B), and governments (B2G). Further definitions of the markets can be found on respective pages.

Key players in this market include Samsung, Intel, SK Hynix, Qualcomm, Micron, etc.,

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Market

Region

Region comparison

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Analyst Opinion

The Semiconductors market in Americas is experiencing steady growth and development, driven by various factors such as customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Semiconductors market in Americas are influenced by the increasing demand for advanced electronic devices and technologies. Consumers are seeking high-performance semiconductors that can support the growing need for faster processing speeds, increased memory capacity, and enhanced connectivity. This has led to a rise in demand for semiconductors with advanced features such as artificial intelligence (AI), Internet of Things (IoT) capabilities, and 5G connectivity. Trends in the market indicate a shift towards the development of smaller, more efficient, and power-saving semiconductors. With the miniaturization of electronic devices and the increasing popularity of wearable technology, there is a growing demand for smaller and more energy-efficient semiconductors. This trend is driving innovation in the industry, with manufacturers focusing on developing semiconductors with higher levels of integration, lower power consumption, and improved performance. Local special circumstances in the Americas region also contribute to the development of the Semiconductors market. The presence of major technology companies, research institutions, and a skilled workforce in countries such as the United States and Canada has created a favorable environment for the growth of the semiconductor industry. These countries have a strong ecosystem that supports research, development, and manufacturing of semiconductors, attracting investments and fostering innovation. Underlying macroeconomic factors further contribute to the growth of the Semiconductors market in Americas. The region has a strong consumer base with high disposable incomes, which drives demand for electronic devices and technologies. Additionally, favorable government policies, tax incentives, and investment in infrastructure and research and development (R&D) initiatives support the growth of the semiconductor industry. The Americas region also benefits from strong trade relationships with other regions, allowing for the export of semiconductors to global markets. In conclusion, the Semiconductors market in Americas is experiencing growth and development driven by customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. The demand for advanced electronic devices, the trend towards smaller and more efficient semiconductors, the presence of a favorable ecosystem, and strong consumer demand contribute to the growth of the market in the region. With continued innovation and investment, the Semiconductors market in Americas is expected to expand further in the coming years.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the money spent at the manufacturer price level (excluding VAT).

Modeling approach / Market size:

Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market. As a basis for evaluating markets, we use the annual financial reports of the market-leading companies and reports from our primary research. In addition, we use relevant key market indicators and data from country-specific associations. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.