Semiconductor market size worldwide 2020-2030, by application

By 2025, the leading application within the global semiconductor industry is expected to be smartphones, particularly the continued development of image sensors in such devices. In 2020, the smartphone semiconductor market was valued at 116 billion U.S. dollars, with projections suggesting this is likely to rise to 162 billion U.S. dollars by 2025.

Semiconductor market size

Over the last decade, revenues generated by the global semiconductor industry have steadily increased, surpassing 550 billion U.S. dollars in 2021. In the coming years, semiconductor market revenues are expected to grow further, with predictions suggesting that the market will grow once more in 2022 to more than 600 billion U.S. dollars.

Semiconductor shipments

Just as semiconductor market revenues have increased over the last decade, so too have total unit shipments. In 2020, semiconductor shipments amounted to over one trillion units – a 13 percent jump from the figure recorded in 2020. New market drivers and applications continue to emerge and have helped contribute toward a rise in semiconductor shipments.