Americas Semiconductor Device Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 156.28 Billion |
| Market Size (2029) | USD 240.46 Billion |
| CAGR (2024 - 2029) | 9.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Americas Semiconductor Device Market Analysis
The Americas Semiconductor Device Market size is estimated at USD 156.28 billion in 2024, and is expected to reach USD 240.46 billion by 2029, growing at a CAGR of 9% during the forecast period (2024-2029).
America's semiconductor industry is noticing rapid growth, with semiconductors emerging as the basic building blocks of all modern technology. Improvements and innovations in this field are resulting in a direct impact on all downstream technologies. In addition, the United States is innovating in semiconductor manufacturing, creation, and research. The country is also the frontrunner in semiconductor packaging innovation, boasting 80 wafer fabrication plants across 19 states.
- With the growing adoption of 5G technology, the semiconductor industry is expected to experience a considerable impact. As the 5G standard can transmit over ten times the data rates achievable using advanced forms of 4G, semiconductors are expected to meet the new requirement to manage the data generated in a 5G ecosystem. In addition, 5G is also opening up new frontiers of semiconductor demand in the U.S. For instance, as per GSMA, 5G will become the lead network technology in the U.S. by 2025. The increasing implementation of 5G networks coincides with the increasing demand for faster high-performance computing devices, for which semiconductors form a critical element.
- Furthermore, vendors investing in semiconductors devices may further propel the studied market growth. For instance, in February 2022, Texas Instruments detailed its plan to invest billions in United States semiconductor chip production through 2030. Texas Instruments revealed plans to invest USD 3.5 billion annually in its U.S. semiconductor chip manufacturing through 2025 as manufacturers face a global shortage of the tech necessary for increasing goods.
- In addition, Micron Technology Inc. (an American company) had planned to invest about USD 3 Billion by 2030, intending to increase memory production at its plant in Virginia. These investments are expected to support the company's leadership in the rapidly growing market for high-quality and high-reliability memory products.
- Further, in April 2022, Wolfspeed officially opened its state-of-the-art, 200mm Silicon Carbide fabrication facility in Marcy, New York, United States, further driving the studied market growth.
- Furthermore, many regulations have been implemented in recent years to promote the use of electric vehicles in the country. For instance, New York state lawmakers recently passed a bill that essentially mandates that all new passenger cars sold in the state run on electric power by 2035. Moreover, the United States has set a target to ensure half of the vehicles sold in the country are electric by 2030.
- Moreover, with wafer starts being the primary constraint within the chip supply chain, impacts from this heightened demand are primarily experienced at wafer foundries. Manufacturers like Texas Instruments, Intel, and TSMC are investing considerably in constructing new fabs to ramp up chip production. Additionally, governments across the nation have also joined forces to increase chip capacity. For instance, in July 2022, the United States Senate and House of Representatives passed the CHIPS Act, which includes about USD 52 billion in government subsidies for the research and production of semiconductors in the country.
Americas Semiconductor Device Market Trends
Discrete Semiconductor Hold Significant Market Share
- Discrete semiconductor in the united states is driven by the growing need to manage power across electronics and miniaturization. STMicroelectronics recently introduced its third generation STPOWER silicon-carbide MOSFETs, advancing the power devices for electric-vehicle (EV) powertrains and other applications where energy efficiency, power density, and reliability are essential to target criteria.
- Moreover, characteristics like safety, infotainment, navigation, fuel efficiency in the automotive components, and security, automation, solid-state lighting, transportation, and energy management in industrial parts are expected to fuel the market studied. For instance, in July 2022, STMicroelectronics launched 40V MOSFETs, STL320N4LF8 and STL325N4LF8AG, featuring energy efficiency and low noise in circuits for power conversion, motor control and power distribution.
- The increasing capability of renewable energy generation is expected to indirectly lead to increased application of discrete semiconductors devices to maintain power efficiency. According to IEA, in 2022, electricity generation from wind amounted to nearly 435 terawatt hours. By comparison, electricity generation from solar photovoltaics raised at 146 terawatt hours.
- A significant trend in discrete semiconductors is efficient energy management. New system architectures are improving AC-DC power adapters' efficiency while reducing the size and component count. New standards for Power-over-Ethernet (PoE) allow higher power transfer, enabling the development of new devices, like connected lighting.
- Furthermore, the zero-emission shift trend is enabling automotive manufacturers to invest in EVs and Hybrid EVs. The factor mentioned above accounts for a significant opportunity for discrete power semiconductors, as vehicle electrification drives automotive demand.
- For instance, Alpha and Omega Semiconductor Limited, a designer, innovator, and supplier of power semiconductors, power ICs, and digital power products, recently released AEC-Q101 qualified 1200V silicon carbide (SiC) αSiC MOSFETs in an optimized TO-247-4L package. It is intended for the high efficiency and reliability requirements of electric vehicles (EV) onboard chargers, motor drive inverters, and off-board charging stations. The 1200V SiC MOSFETs provide low on-resistance for an automotive-qualified TO-247-4L with a standard gate drive of 15V.
- Moreover, a smartphone is a significant consumer of discrete semiconductors. Smartphone transmission speeds are increasing dramatically, and the country is witnessing a transition from 4G to 5G. The expanded transmission speeds may lead to a boost in the volume of data being transmitted. This is anticipated to propel the need for more data centers. Hence, there would be a higher need for discrete components, saving energy and space.
- According to the GSM Association, by 2025, the United States is expected to have the most increased smartphone adoption globally (49% of connections). As per the IoT Association, the United States has the highest smart home device ratio per household and the most significant consumer propensity to own instruments across two or three use cases (energy, security, and appliances).
Automotive Sector to Experience Significant Market Growth
- Semiconductor chips have evolved into an integral part of modern-day cars, owing to their general use in various functions of vehicles. Chips used in cars can take many forms ranging from single components containing a single transistor to complex combined circuits controlling a complex system. For instance, chips are discovered in the LED light elements of vehicles. Every single diode inside an LED light unit is a chip that emits light. LED headlights alone account for a massive number of chips in modern-day cars. The headlights also require control units to make them function.
- The growing need for better security and advanced driver assistance systems (ADAS) in cars has accelerated the demand for semiconductors across the country. Intelligent functions, like backup cameras, blind-spot detection, adaptive cruise control, lane change assist, airbag deployment, and emergency braking systems, are made possible through semiconductor technologies. Further, ADAS covers a broad array of sensors, including image and camera sensors for vision-based features, ultrasonic sensors for short-range features like parking assist, and radar and lidar sensors for object detection under dark or foggy conditions.
- The increasing demand for electric vehicles is expected to open new growth opportunities for the studied market. An increased number of electronic devices and sensors are used in electric cars, driving the demand for semiconductor chips. For instance, according to KBB, in the Q2nd of 2022, just under 196,788 battery EVs were sold in the United States. This was a year-over-year increase of around 66.4% compared to the sales recorded in the Q2nd of the previous year. The Q2nd of 2022 also recorded a hike in sales compared to the Q1st of 2022, making it a significant quarter for Battery Electric Vehicles sales in the country across the past two years.
- Further, in March 2023, 93,318 HEVs (20,064 cars and 73,254 LTs) were sold in the United States, up 21.7% from the sales in March 2022. In addition, there were 208 Toyota Mirai, and 21 Hyundai Nexo sold in the United States in March 2023.
- In addition, Renesas Electronics Corporation, a supplier of advanced semiconductor solutions, announced the expansion of its collaboration with Honda in the field of ADAS in March 2022. Previously, Honda adopted Renesas' R-Car automotive system on a chip (SoC) and RH850 automotive MCU for its Honda SENSING Elite system featured in the Legend. With the expansion of the partnership, Honda will use R-Car and RH850 in the Honda SENSING 360 omnidirectional safety and driver assistance system.
- Moreover, the automotive industry has been hit by the current semiconductor shortage. Companies like Hyundai Motor are looking to develop their semiconductor chips to cut reliance on others. Furthermore, carmaker Ford recently signed a deal with chipmaker GlobalFoundries to help solve the auto industry's semiconductor supply shortfalls holding up production lines by collaboratively manufacturing automotive semiconductors in the United States.
Americas Semiconductor Device Industry Overview
The Americas Semiconductor Device Market is significantly fragmented, with numerous semiconductor manufacturers providing the product. The companies continuously invest in products and technology to promote sustainable environmental growth and prevent environmental hazards. The companies are also acquiring other companies that specifically deal with these products to boost the market's share. Some of the recent developments in the market are:
In April 2022, Magnachip developed a new 40V MOSFET featuring low RDS(on) to reduce the conduction loss of automotive BLDC motors. The new 40V MOSFET is fully AEC-Q101 certified. This MOSFET is also suitable for various BLDC applications, such as engine cooling fans, electric oil pumps, power steering, and battery cooling fans.
In January 2022, Vishay Intertechnology Inc. introduced two unique n-channel TrenchFET MOSFETs: 60 V SiJH600E and 80 V SiJH800E. These improve power density, efficiency, and board-level reliability in telecom and industrial applications by integrating ultra-low on-resistance with a high-temperature operation to +175°C and constant high drain current handling.
Americas Semiconductor Device Market Leaders
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Intel Corporation
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Nvidia Corporation
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Qualcomm Incorporated
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Micron Technology Inc.
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Xilinx Inc.
*Disclaimer: Major Players sorted in no particular order
Americas Semiconductor Device Market News
- March 2023: US-based chip-making giant Intel shared the launch details of a chip that was earlier delayed. Further, the company has confirmed that its first semiconductor for data center customers, Sierra Forest, which also focuses on power efficiency, will arrive by the first half of 2024.
- July 2022: Mitsubishi Electric Corporation announced launching a 50W silicon radio-frequency (RF) high-power metal-oxide-semiconductor field-effect transistor (MOSFET) module for use in high-frequency power amplifiers of commercial two-way radios. The model, which offers 150W power output in the 763MHz to 870MHz band and high total efficiency of 40%, is expected to help expand the radio communication range and reduce power consumption.
Americas Semiconductor Device Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Assessment of Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Automotive, IoT, and AI Sectors Are Driving The Market
5.1.2 Rising Demand for 5G Smartphones
5.2 Market Challenges
5.2.1 Supply Chain Disruptions Resulting in Semiconductor Chip Shortage
6. MARKET SEGMENTATION
6.1 By Device Type
6.1.1 Discrete Semiconductors
6.1.2 Optoelectronics
6.1.3 Sensors
6.1.4 Integrated Circuits
6.1.4.1 Analog
6.1.4.2 Logic
6.1.4.3 Memory
6.1.4.4 Micro
6.1.4.4.1 Microprocessors (MPU)
6.1.4.4.2 Microcontrollers (MCU)
6.1.4.4.3 Digital Signal Processors
6.2 By End User Vertical
6.2.1 Automotive
6.2.2 Communication (Wired and Wireless)
6.2.3 Consumer
6.2.4 Industrial
6.2.5 Computing/Data Storage
6.3 By Region
6.3.1 North America
6.3.2 Latin America
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 Intel Corporation
7.1.2 Nvidia Corporation
7.1.3 Qualcomm Incorporated
7.1.4 Micron Technology Inc.
7.1.5 Xilinx Inc.
7.1.6 ON Semiconductor Corporation
7.1.7 Kyocera Corporation
7.1.8 NXP Semiconductors NV
7.1.9 Toshiba Corporation
7.1.10 Texas Instruments Inc.
7.1.11 Samsung Electronics Co. Ltd
7.1.12 Infineon Technologies AG
7.1.13 STMicroelectronics NV
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
Americas Semiconductor Device Industry Segmentation
A semiconductor device is an electronic element that relies on the electronic properties of a semiconductor textile (primarily silicon, gallium arsenide, germanium, and organic semiconductors) for its function. Its conductivity lies between conductors and insulators.
Americas semiconductor device market is segmented by device type (discrete semiconductors, optoelectronics, sensors, integrated circuits {analog, logic, memory, micro [microprocessors (MPU), microcontrollers (MCU), digital signal processors]), by end-user vertical (automotive, communication [wired, wireless], consumer, industrial, computing/data storage), and by region (North America, Latin America). The report offers market forecasts and size in value (USD) for all the above segments.
| By Device Type | ||||||||||
| Discrete Semiconductors | ||||||||||
| Optoelectronics | ||||||||||
| Sensors | ||||||||||
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| By End User Vertical | |
| Automotive | |
| Communication (Wired and Wireless) | |
| Consumer | |
| Industrial | |
| Computing/Data Storage |
| By Region | |
| North America | |
| Latin America |
Americas Semiconductor Device Market Research Faqs
How big is the Americas Semiconductor Device Market?
The Americas Semiconductor Device Market size is expected to reach USD 156.28 billion in 2024 and grow at a CAGR of 9% to reach USD 240.46 billion by 2029.
What is the current Americas Semiconductor Device Market size?
In 2024, the Americas Semiconductor Device Market size is expected to reach USD 156.28 billion.
Who are the key players in Americas Semiconductor Device Market?
Intel Corporation, Nvidia Corporation, Qualcomm Incorporated, Micron Technology Inc. and Xilinx Inc. are the major companies operating in the Americas Semiconductor Device Market.
What years does this Americas Semiconductor Device Market cover, and what was the market size in 2023?
In 2023, the Americas Semiconductor Device Market size was estimated at USD 142.21 billion. The report covers the Americas Semiconductor Device Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Americas Semiconductor Device Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Americas Semiconductor Device Industry Report
Statistics for the 2024 Americas Semiconductor Device market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Americas Semiconductor Device analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
