GCC Semiconductor Market Size and Forecast by Product Type, Node Type, Application, Distribution Channel, and Country: 2019-2032

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GCC Semiconductor Market Growth and Performance

• The semiconductor market size in GCC increased to US$ 16.49 Billion in 2023, with a year-on-year growth rate of -8.5%.
• By the end of 2032, the GCC semiconductor market is on track to achieve US$ 51.37 Billion, with a forecasted Compound Annual Growth Rate (CAGR) of 13.1% throughout the forecast period.
• The microprocessors segment is estimated to hold the largest market share of 36.5% and be valued at US$ 18.73 Billion in 2032.
• In 2032, 48.4% of the total spending in the GCC semiconductor market is forecasted to come from Saudi Arabia.

GCC Semiconductor Market Scope

GCC Semiconductor Industry: Regional Coverage