What is the global market size of Semiconductors Market?

Global Semiconductors Market size was valued at USD 429 billion in 2021 and is poised to grow from USD 466.32 billion in 2022 to USD 908.92 billion by 2030, growing at a CAGR of 8.7% in the forecast period (2023-2030).

Semiconductors Market Size, Share, Growth Analysis, By Components(Memory Devices, Logic Devices, Analog IC, MPU), By Application(Networking & Communications, Data Processing, Industrial, Consumer), By Region(North America, Europe, Asia-Pacific, South America), By Region - Industry Forecast 2024-2031

Report ID: SQSG45I2010 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 101 | Figures: 75

Semiconductors Market Insights

Global Semiconductors Market size was valued at USD 429 billion in 2019 and is poised to grow from USD 466.32 billion in 2023 to USD 908.92 billion by 2031, growing at a CAGR of 8.7% in the forecast period (2024-2031).

Semiconductors are substances that act as an intermediate for electric connectivity between a conductor and an insulator. With the world growing more and more technology-driven and technology getting deeply integrated with our lives, the demand for semiconductors has shot up over the last decade and is expected to only grow over time as the applications of technology continue to grow. Therefore, driving the demand for global semiconductors market.

US Semiconductors Market is poised to grow at a sustainable CAGR for the next forecast year.

Semiconductors Market Report Snapshots

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The global semiconductors market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the semiconductor industry. Companies are working on new product launches, making thing products more effective and appealing and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses in order to increase market share and profitability in the global semiconductors market. 'Intel Corporation', 'Samsung Electronics Co., Ltd.', 'Taiwan Semiconductor Manufacturing Company Limited (TSMC)', 'Qualcomm Incorporated', 'Broadcom, Inc.', 'Micron Technology, Inc.', 'SK Hynix Inc.', 'NXP Semiconductors N.V.', 'Texas Instruments', 'STMicroelectronics N.V.', 'Infineon Technologies AG', 'Advanced Micro Devices, Inc.', 'MediaTek Inc.', 'NVIDIA Corporation', 'Analog Devices, Inc.', 'ON Semiconductor Corporation', 'Renesas Electronics Corporation', 'Xilinx, Inc.', 'Sony Corporation'

Factors such as rising consumption of consumer electronics, growth in disposable incomes, and an ever-increasing population will facilitate the global semiconductors market growth during the forecast period

Advancements in technological fields such as Artificial intelligence, the Internet of Things, and wirelessly connected devices are boosting demand for semiconductor throughout the world. These chips are also getting more powerful and efficient, uplifting the value of global semiconductors market.

The Asia Pacific holds the largest share in the global semiconductors market and is expected to show a level of growth throughout the globe during the forecast period. With the developing countries in the region adopting high-end technology-based consumer goods the demand for semiconductors has shot up recently. Technological advancements such as IoT and LTE are only expected to contribute to global semiconductors market growth in this region. China holds the largest market share in the global semiconductors market and is projected to experience moderate growth over the forecast period.

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