Semiconductors

Global Semiconductors Market to Reach US$990.4 Billion by 2030

The global market for Semiconductors estimated at US$649.8 Billion in the year 2024, is expected to reach US$990.4 Billion by 2030, growing at a CAGR of 7.3% over the analysis period 2024-2030. Memory, one of the segments analyzed in the report, is expected to record a 7.8% CAGR and reach US$295.6 Billion by the end of the analysis period. Growth in the Microcomponent segment is estimated at 6.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$168.1 Billion While China is Forecast to Grow at 11.1% CAGR

The Semiconductors market in the U.S. is estimated at US$168.1 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$245.7 Billion by the year 2030 trailing a CAGR of 11.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.3% and 6.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.

Semiconductors  - Key Trends and Drivers

The semiconductor industry is experiencing significant growth driven primarily by the rapid expansion of emerging technologies such as 5G, artificial intelligence (AI), and the Internet of Things (IoT). As global demand for high-speed connectivity rises, 5G network rollouts are accelerating the need for advanced semiconductor chips, particularly in telecommunications infrastructure and consumer devices. The ongoing evolution in chip design remains a fundamental driver of the semiconductor industry, reflecting its commitment to innovation and improved functionality. Going forwards, the push towards achieving smaller, yet more powerful and energy-efficient semiconductor chips is expected to gain further momentum. The industry is likely to continue shifting towards more advanced manufacturing processes, such as the 5nm technology, which allows for the packing of transistors more densely. These tightly packed transistors are key to enhancing chip performance while also reducing power consumption—a critical factor for devices ranging from handheld mobile devices to expansive data centers.

Quantum computing remains on the frontier of technology, poised to revolutionize how complex computational problems are addressed. Significant advancements are expected in the development of quantum processors, which promise to vastly exceed the capabilities of traditional computing frameworks. The development of these processors is likely to enhance the industry`s ability to handle calculations that are currently considered too complex for conventional computers, opening up new possibilities for scientific discovery and data security. Nanotechnology is set to play a pivotal role in the semiconductor industry by enabling the production of smaller, more efficient components. The development of nanoelectronics not only supports the trend of miniaturization but also boosts the overall performance and capabilities of semiconductor devices, ensuring they can meet the increasing demands of high-tech applications.

 

Meanwhile, AI applications in data centers, autonomous vehicles, and smart manufacturing demand specialized chips optimized for machine learning and deep learning processes, stimulating innovation in semiconductor design and fabrication. The proliferation of IoT devices in smart homes, cities, and industries is also bolstering demand for smaller, power-efficient chips that can handle data processing and connectivity seamlessly. With the increasing need for real-time data processing and low-latency operations, edge computing is expected to become more integrated into semiconductor technology. This integration aims to facilitate quicker decision-making processes and enhance the efficiency of networked systems. Concurrently, the synergy between semiconductors and artificial intelligence is anticipated to grow stronger. More semiconductor devices will likely incorporate dedicated AI and machine learning hardware accelerators, enhancing both performance and energy efficiency across various sectors. Another key trend is the increasing investment in advanced manufacturing technologies and fabrication plants, often called "fabs," to produce cutting-edge semiconductors. The drive towards smaller and more efficient chip architectures, such as the 3nm and 2nm processes, is pushing major semiconductor companies to invest billions in research and development. Simultaneously, governments worldwide are providing substantial incentives to secure local supply chains, leading to the reshoring of chip production in regions like the United States and Europe. This geographic diversification of manufacturing is critical in mitigating supply chain disruptions and reducing dependence on any single region. Sustainability is gaining prominence as a significant trend, with the industry prioritizing eco-friendly manufacturing practices and energy-efficient chip designs. As companies and regulators set stricter environmental targets, semiconductor manufacturers are investing in renewable energy, reducing waste in chip production, and developing low-power chip architectures. These efforts align with broader global initiatives to combat climate change, making sustainable semiconductor production a competitive differentiator and a growth driver for the industry.

SCOPE OF STUDY:

The report analyzes the Semiconductors market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Component (Memory, Microcomponent, OSD, Logic, Analog); Application (Networking & Communications, Data processing, Consumer Electronics, Automotive, Industrial, Government)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 342 Featured) -

• Advanced Micro Devices, Inc.
• Amkor Technology, Inc.
• Analog Devices, Inc.
• Applied Materials, Inc.
• Bharat Electronics Ltd.
• Bourns, Inc.
• Bright Led Electronics Corporation
• Broadcom Inc.
• Carlo Gavazzi Holding AG
• CML Technologies GmbH & Co. KG
• Cree, Inc.
• Cypress Semiconductor Corporation
• Digi International, Inc.
• Diodes, Inc.
• ELAN Microelectronics Corporation
• eMagin Corporation
• Fujitsu Ltd.
• GCT Semiconductor, Inc.
• Hitachi Ltd.
• Honeywell International, Inc.
• Infineon Technologies AG
• IPG Photonics Corporation
• Kingston Technology Co., Inc.
• Lattice Semiconductor Corporation
• Linear Technology Corporation
• Lite-on Semiconductor Corporation
• Melexis NV
• Microchip Technology, Inc.
• Microsemi Corporation
• MOSPEC Semiconductor Corporation
• NVIDIA Corporation
• Oki Electric Industry Co., Ltd.
• OmniVision Technologies, Inc. (OVT)
• ON Semiconductor Corporation
• Robert Bosch GmbH
• ROHM Co., Ltd.
• Samsung Semiconductor, Inc. (SSI)
• Seiko Epson Corporation
• Semtech Corporation
• TOREX Semiconductor Ltd.
• Vishay Intertechnology, Inc.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

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