The global semiconductor market revenue was around US$ 590.4 billion in 2022 and is estimated to reach US$ 1,033.5 billion by 2031, growing at a compound annual growth rate (CAGR) of 6.21% during the forecast period from 2023 to 2031.

A substance that has specific electrical properties that allow it to function as a foundation for computers and other electronic devices is known as a semiconductor. It is commonly a solid chemical compound or element that conducts electricity under specific situations but not others. This creates an excellent medium to manage electrical current and everyday electrical appliances.

Factors Influencing Market Growth

- The significant factors that affect the growth of the semiconductor industry include the increase in the utilization of consumer electronics.

- The surge in the adoption of Internet of Things (IoT) technology is anticipated to propel the growth of the semiconductor market.

- The complexity of manufacturing serves as a prime obstacle to early adoption, which hinders the growth of the semiconductor market.

- The rise in investments in semiconductor wafer fabrication materials and equipment offers potential growth possibilities for the semiconductor market.

Impact of COVID-19

The semiconductor market has been severely affected by the outbreak of the COVID-19 pandemic. With governments of many nations setting and expanding lockdowns, manufacturing and production facilities around the world have been shut down because of the unavailability and crises of the workforce.

Regional Analysis

North America, specifically the U.S., maintains its dominance in the global semiconductor market. This is attributed to major government institutions and organizations putting resources into the technology in the country.

Leading Companies

The leading prominent companies profiled in the global semiconductor market are: -

- Broadcom Inc
- Intel Corporation
- Qualcomm Incorporated
- Samsung Electronics Co Ltd
- SK Hynix Inc.
- Taiwan Semiconductors
- Texas Instruments Inc.
- Toshiba Corporation
- Maxim Integrated Products Inc.
- Micron Technology Inc.
- Other prominent key players

Segmentation Outline

The global semiconductor market segmentation focuses on Component, Node Size, Application, and Region.

Segmentation based on Component

- Memory Devices
- Logic Devices
- Analog IC
- MPU
- MCU
- Sensors
- Discrete Power Devices
- Others

Segmentation based on Node Size

- 65nm
- 45/40nm
- 32/28nm
- 22/20nm
- 16/14nm
- 10/7nm
- 7/5nm
- 180nm
- 130nm
- 90nm
- 5nm

Segmentation based on Application

- Telecommunication
- Defense and Military
- Industrial
- Consumer Electronics
- Automotive
- Others

Segmentation based on Region

- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa