In 2021, semiconductor sales reached 555.89 billion U.S. dollars worldwide. Semiconductors are crucial components of electronics devices and the industry is highly competitive. The year-on-year growth rate in 2021 is expected to reach 26.2 percent.
A semiconductor is a substance that conducts electricity under some but not all circumstances. Manufacturers are able to customize the conductivity of a semiconductor, such as introducing a sensitivity to heat or light, or altering conductivity based on the direction of the current. Semiconductors are an important component of many commonly used electronic devices including smartphones, tablets, and PCs. Notable semiconductor chip makers include Intel and Samsung Electronics, with Intel generating 73.1 billion U.S. dollars and Samsung generating 575.95 billion U.S. dollars in semiconductor revenue in 2021, placing them among the largest companies in terms of semiconductor industry revenues.
Smartphones are expected to command an important part of the semiconductor market going forward, especially as these devices become more advanced and able to support technologies such as augmented reality (AR), virtual reality (VR), 5G, and artificial intelligence (AI). Semiconductors for use in servers and data centers are set to become an even more important opportunity, with semiconductor innovation required to support cloud data centers and the rise in edge computing.
Semiconductor market size worldwide from 1987 to 2022
(in billion U.S. dollars)
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WSTS, & SIA. (March 18, 2022). Semiconductor market size worldwide from 1987 to 2022 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 26, 2022, from https://www.statista.com/statistics/266973/global-semiconductor-sales-since-1988/
WSTS, und SIA. "Semiconductor market size worldwide from 1987 to 2022 (in billion U.S. dollars)." Chart. March 18, 2022. Statista. Accessed November 26, 2022. https://www.statista.com/statistics/266973/global-semiconductor-sales-since-1988/
WSTS, SIA. (2022). Semiconductor market size worldwide from 1987 to 2022 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 26, 2022. https://www.statista.com/statistics/266973/global-semiconductor-sales-since-1988/
WSTS, and SIA. "Semiconductor Market Size Worldwide from 1987 to 2022 (in Billion U.S. Dollars)." Statista, Statista Inc., 18 Mar 2022, https://www.statista.com/statistics/266973/global-semiconductor-sales-since-1988/
WSTS & SIA, Semiconductor market size worldwide from 1987 to 2022 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/266973/global-semiconductor-sales-since-1988/ (last visited November 26, 2022)