Semiconductors - Worldwide

  • Worldwide
  • Revenue in the Semiconductors market is projected to reach US$607.40bn in 2024.
  • Integrated Circuits dominates the market with a projected market volume of US$515.00bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 10.06%, resulting in a market volume of US$980.80bn by 2029.
  • In global comparison, most revenue will be generated in China (US$177.80bn in 2024).
Region comparison

Analyst Opinion

The semiconductor market is greatly influenced by several end markets, such as automotive, consumer electronics, telecommunication, and industrial equipment markets. Historically, the semiconductor market has a cycle of high and low revenue growth, mainly due to swings in demand. As observed in the year 2021, the market growth will likely be higher when there is a high demand for semiconductors whereas several economic factors and market-specific factors, such as production and supply issues, would lead to lower growth.

Over the past two decades, the semiconductor market share has significantly shifted from American and European countries to Asian countries due to an increase in electronic equipment production in these countries. Currently, China remains the largest consumer of semiconductors among other countries. The Integrated Circuits market accounts for more than 80 % of the semiconductor market revenue and logic integrated circuits account for the major share of the revenue in this market.

The market will continue to be cyclical for the next few years due to major swings in the demand and supply capabilities caused by the ongoing war, energy crisis, and inflation. The market is expected to experience a downturn in 2023 and significant growth in the following years.


Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the money spent at the manufacturer price level (excluding VAT).

Modeling approach / Market size:

Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market. As a basis for evaluating markets, we use the annual financial reports of the market-leading companies and reports from our primary research. In addition, we use relevant key market indicators and data from country-specific associations. This data helps us estimate the market size for each country individually.


In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.


  • Revenue
  • Volume
  • Price
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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