Market Size of Americas Semiconductor Device Industry
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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 |
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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 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 Size Summary
The Americas Semiconductor Device Market is experiencing robust growth, driven by the increasing integration of semiconductors into modern technology. This sector is pivotal as semiconductors serve as the foundational components for various technological advancements. The United States is at the forefront of this expansion, with significant innovations in semiconductor manufacturing, research, and packaging. The adoption of 5G technology is a major catalyst for this growth, as it necessitates advanced semiconductors to handle the higher data rates and performance requirements. This demand is further fueled by investments from major companies like Texas Instruments and Micron Technology, who are expanding their production capabilities to meet the rising need for high-performance computing devices and memory products.
The market is also witnessing a surge in demand due to the increasing adoption of electric vehicles (EVs) and the need for efficient energy management solutions. Discrete semiconductors are becoming essential in managing power across various applications, including automotive and industrial sectors. The shift towards renewable energy sources and the development of new standards for Power-over-Ethernet (PoE) are contributing to the market's expansion. Additionally, the automotive industry's push for advanced driver assistance systems (ADAS) and enhanced vehicle electrification is driving the demand for semiconductors. The market's growth is supported by regulatory measures promoting EVs and significant investments in semiconductor production facilities, ensuring a steady supply to meet the evolving technological landscape.
Americas Semiconductor Device Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Buyers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitutes
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1.2.5 Intensity of Competitive Rivalry
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1.3 Industry Value Chain Analysis
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1.4 Assessment of Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Device Type
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2.1.1 Discrete Semiconductors
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2.1.2 Optoelectronics
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2.1.3 Sensors
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2.1.4 Integrated Circuits
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2.1.4.1 Analog
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2.1.4.2 Logic
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2.1.4.3 Memory
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2.1.4.4 Micro
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2.1.4.4.1 Microprocessors (MPU)
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2.1.4.4.2 Microcontrollers (MCU)
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2.1.4.4.3 Digital Signal Processors
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2.2 By End User Vertical
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2.2.1 Automotive
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2.2.2 Communication (Wired and Wireless)
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2.2.3 Consumer
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2.2.4 Industrial
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2.2.5 Computing/Data Storage
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2.3 By Region
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2.3.1 North America
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2.3.2 Latin America
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Americas Semiconductor Device Market Size 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.