Global Semiconductor Market Size | 2019-2032

Global Semiconductor Market Size and Forecast by Product Type, Node Type, Application, Industry, Distribution Channel, and Region: Statistics | 2019-2032

Report Format:     | Pages: 250+
Type: Niche Industry Monitor | ID: ECAS348  | Publication: Sep 2024  |  US$1,790  |  

Global Semiconductor Market Growth and Performance


  • In 2023, the global semiconductor market size reached US$ 584.43 Billion, witnessing a YoY growth of x0.1%.
  • The market is projected to experience a significant upsurge in market revenue, reaching US$ 1.31 Trillion by the end of 2032.
  • In terms of growth, the global semiconductor market is anticipated to expand at a CAGR of 9.1% between 2024 and 2032.
  • The microprocessors segment is projected to experience a significant upsurge in market revenue, reaching US$ 378.81 Billion by the end of 2032.
  • The semiconductor market is expected to witness an absolute dollar opportunity of US$ 724.55 Billion between 2024 and 2032.
  • Among the diverse regions within this market, North America semiconductor market took the lead, reaching a market value of US$ 200.79 Billion in 2023.
  • The fastest growing market among regions is Western Europe, experiencing a CAGR of 10.1% between 2024 and 2032.
  • While all the leading countries are still important, US ruled as the leading market in the global semiconductor industry in 2023.
  • Among the diverse end users, cloud computing/data centers was the largest end-user vertical in terms of spending in the market in 2023.
  • The global semiconductor market is mainly driven by rising demand for consumer electronics, expansion of IoT devices, and growth in AI and machine learning.

Global Semiconductor Market Scope

Analysis Period

2019-2032

 

Actual Data

2019-2023

 

Base Year

2023

 

Estimated Year

2024

 

CAGR Period

2024-2032

 
 

Research Scope

 

Product Type

Microprocessors

 

Memory

 

Analog Semiconductors

 

Logic Semiconductors

 

Discrete Semiconductors

 

Optoelectronics

 

Embedded Processors

 

Sensors

 

Node Type

Advanced Node

 

Mid-range Node

 

Legacy Node

 

Application

Automotive

 

Artificial Intelligence

 

Internet of Things

 

Cloud computing/Data Centers

 

Wireless Communications

 

Consumer Electronics

 

Industrial Equipment

 

Personal Computing

 

Wireline Communications

 

Metaverse

 

Industry

IT and Telecom

 

Media and Entertainment

 

Energy and Power

 

Transportation and Logistics

 

Healthcare

 

BFSI

 

Retail

 

Manufacturing

 

Public Sector

 

Other

 

Distribution Channel

Direct Sales

 

Distributors and Resellers

 

Online Marketplaces

 

Companies

Intel Corporation, Qualcomm Incorporated, Broadcom Inc., Samsung Electronics, Micron Technology, Texas Instruments, SK Hynix, NVIDIA Corporation, and Applied Materials.

 
 
 
 
 

 

Global Semiconductor Industry: Regional Coverage

 

Regional Scope

North America

US

Canada

Mexico

Western Europe

UK

Germany

France

Italy

Spain

Benelux

Nordics

Rest of Western Europe

Eastern Europe

Russia

Poland

Rest of Eastern Europe

Asia Pacific

Japan

Australia

China

South Korea

India

Malaysia

Hong Kong

Indonesia

New Zealand

Singapore

Thailand

Vietnam

Philippines

Taiwan

Rest of Asia Pacific

Latin America

Brazil

Peru

Colombia

Chile

Rest of Latin America

MEA

Israel

South Africa

Saudi Arabia

UAE

Qatar

Kuwait

Oman

Bahrain

Nigeria

Kenya

Turkey

Rest of MEA

 

Sub-Regions

ASEAN

Indonesia

Malaysia

Philippines

Thailand

 

 

 

 

 

Vietnam

 

 

 

 

 

Rest of Asia Pacific

 

 

 

 

BRICS

Brazil

Russia

India

China

South Africa

GCC

Saudi Arabia

UAE

Qatar

Kuwait

Oman

Bahrain

 

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