Semiconductors

Revenue in the Semiconductors market is projected to reach US$83.60bn in 2024.
Integrated Circuits dominates the market with a projected market volume of US$73.81bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.40%, resulting in a market volume of US$131.00bn by 2029.
In global comparison, most revenue will be generated 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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Discrete semiconductors such as diodes, transistors, and resistors
Integrated circuits such as DRAM, microprocessors, analog to digital converters
Optoelectronics such as LEDs, laser diodes
Sensors and actuators such as image sensors, temperature sensors

Silicon wafers
Semiconductor foundry services

The Semiconductors market in United States is experiencing significant growth and development due to several key factors.

Customer preferences: Customers in the United States have a strong preference for high-quality and innovative semiconductor products. They value reliability, performance, and advanced features in their electronic devices. As a result, semiconductor manufacturers in the United States are constantly striving to meet these demands by investing in research and development to create cutting-edge technologies. Additionally, customers in the United States are increasingly focused on sustainability and energy efficiency, driving the demand for semiconductors that enable more efficient and environmentally-friendly electronic devices.

Trends in the market: One major trend in the Semiconductors market in United States is the increasing demand for semiconductors in emerging technologies such as artificial intelligence (AI), Internet of Things (IoT), and autonomous vehicles. These technologies require advanced semiconductors to process and analyze large amounts of data in real-time. As a result, semiconductor manufacturers in the United States are investing heavily in developing chips specifically designed for these applications. Another trend in the market is the growing adoption of 5G technology. The rollout of 5G networks in the United States is driving the need for semiconductors that can support faster and more reliable wireless communication. Semiconductor manufacturers are developing chips that can handle the increased data speeds and bandwidth requirements of 5G networks, fueling the demand for semiconductors in the United States.

Local special circumstances: The United States is home to several major semiconductor companies and has a strong ecosystem of research and development, manufacturing facilities, and skilled workforce. This gives the country a competitive advantage in the global semiconductor market. The presence of leading semiconductor companies in the United States attracts investment and drives innovation in the industry. Additionally, the United States has a robust intellectual property protection system, which encourages companies to develop and commercialize new semiconductor technologies.

Underlying macroeconomic factors: The strong performance of the United States economy is also contributing to the growth of the Semiconductors market. The country has a large consumer base with high purchasing power, which drives demand for electronic devices and, in turn, semiconductors. Furthermore, the United States government has implemented policies to support the semiconductor industry, such as tax incentives and funding for research and development. These factors create a favorable environment for semiconductor manufacturers in the United States to thrive. In conclusion, the Semiconductors market in the United States is experiencing growth and development due to customer preferences for high-quality and innovative products, increasing demand for semiconductors in emerging technologies, the adoption of 5G technology, the presence of leading semiconductor companies, and a strong economy. These factors are driving investment, innovation, and demand in the market, positioning the United States as a key player in the global semiconductor industry.

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.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Governments and companies across the entire semiconductor value chain have had to navigate changing demands, supply chain imbalances, and geopolitical factors in recent times. As a result, action plans and policies have had to be established to safeguard the supply of semiconductors. In 2024, global semiconductor sales surpassed 600 billion U.S. dollars, a jump from the previous year as the industry reaps the rewards from the artificial intelligence (AI) revolution sweeping across the world.