Semiconductor Device Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Semiconductor Device Market Report 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 Application (Automotive, Communication (Wired and Wireless), Consumer, Industrial, Computing/Data Storage, Government (Aerospace & Defense)), and Geography (United States, Europe, Japan, China, Korea, Taiwan, Rest of the World). The Report Offers Market Forecasts and Size in Volume (Units) and Value (USD) for all the Above Segments.

Semiconductor Device Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Semiconductor Device Market Size

Semiconductor Device Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 0.67 Trillion
Market Size (2030) USD 1.01 Trillion
CAGR (2025 - 2030) 8.39 %
Market Concentration Medium

Major Players

Semiconductor Device Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Semiconductor Device Market Analysis

The Global Semiconductor Device Market size is estimated at USD 0.67 trillion in 2025, and is expected to reach USD 1.01 trillion by 2030, at a CAGR of 8.39% during the forecast period (2025-2030). In terms of shipment volume, the market is expected to grow from 0.88 trillion units in 2025 to 1.23 trillion units by 2030, at a CAGR of 7.02% during the forecast period (2025-2030).

The semiconductor device industry is experiencing significant transformation through enhanced manufacturing capabilities and supply chain restructuring. Major economies are implementing strategic initiatives to strengthen domestic semiconductor production, exemplified by the U.S. Department of Commerce's announcement in May 2024 to allocate USD 420 million for radio equipment development and open networks adoption. This push for domestic manufacturing is further evidenced by TSMC's agreement with the U.S. government for USD 6.6 billion in direct funding under the CHIPS and Science Act, supporting plans to invest over USD 65 billion in constructing three advanced semiconductor factories in Phoenix, Arizona.


The integration of semiconductor components in sustainable energy solutions is driving substantial market growth across various sectors. China's remarkable addition of 216.9 GW of solar capacity in 2023, marking a 148% year-over-year increase, demonstrates the escalating demand for electronic components in renewable energy systems. The trend extends to Japan, where approximately 4,340 solar power plants were operational as of September 2023, highlighting the growing importance of power electronics and energy management systems.


Global defense modernization initiatives are creating new opportunities for semiconductor applications in military and aerospace systems. According to SIPRI, global military expenditure reached USD 2.44 trillion in 2023, driving demand for advanced semiconductor solutions in radar systems, communication devices, and sophisticated weaponry. The semiconductor industry is responding with radiation-hardened components and high-reliability solutions specifically designed for aerospace and defense applications, supporting critical functions in satellite technology and military communications.


The data center sector continues to drive semiconductor demand through rapid infrastructure expansion. According to NASSCOM, India's data center market investment is anticipated to reach USD 4.6 billion by 2025, reflecting the growing need for high-performance computing capabilities. This expansion is complemented by significant investments from major industry players, as evidenced by CoreWeave's announcement in June 2024 to invest USD 2.2 billion in establishing three new data centers across continental Europe by 2025, demonstrating the sustained growth in data processing and storage infrastructure requirements.

Segment Analysis: By Device Type

Integrated Circuits Segment in Semiconductor Device Market

The integrated circuits segment dominates the global semiconductor device market, commanding approximately 85% market share in 2024, with a market value of USD 525.74 billion. This segment's prominence is driven by the increasing complexity of electronic devices and the growing demand for high-performance computing solutions. Integrated circuits serve as the foundation for various applications, from smartphones and computers to automotive electronics and industrial automation systems. The segment's leadership position is further strengthened by continuous technological advancements in areas such as artificial intelligence, 5G connectivity, and Internet of Things (IoT) applications. The segment is also experiencing the highest growth trajectory in the market, with manufacturers focusing on developing more sophisticated and efficient integrated circuit solutions to meet the evolving demands of emerging technologies and applications.

Market Analysis of Global Semiconductor Device Market: Chart for By Device Type

Remaining Segments in Device Type Market Segmentation

The semiconductor device market encompasses several other significant segments, including optoelectronic devices, discrete semiconductors, and sensors, each serving distinct technological needs. The optoelectronic device segment plays a crucial role in applications involving light emission and detection, supporting developments in display technology, optical communication, and imaging systems. Discrete semiconductors continue to be fundamental components in power management and signal processing applications, particularly in automotive and industrial sectors. The sensor semiconductor segment, while smaller in market share, is increasingly important in enabling various smart applications, from autonomous vehicles to industrial IoT devices, contributing to the overall digital transformation across industries.

Segment Analysis: By End-User Vertical

Communication Segment in Semiconductor Device Market

The communication (wired and wireless) segment has emerged as the dominant force in the global semiconductor device market, commanding approximately 30% market share in 2024, equivalent to USD 186.30 billion. This substantial market position is primarily driven by the rapid advancement of 5G technology, increasing demand for high-speed data transmission, and the growing adoption of wireless communication technologies. The segment's strength is further reinforced by the continuous evolution of network infrastructure, with major telecommunications companies investing heavily in upgrading their networks to support enhanced connectivity solutions. The rising demand for electronic components in mobile devices, base stations, and network equipment has significantly contributed to this segment's market leadership. Additionally, the increasing integration of advanced communication features in various electronic devices and the growing need for improved connectivity solutions across industries have further solidified this segment's dominant position.

Government (Aerospace & Defense) Segment in Semiconductor Device Market

The government (aerospace & defense) segment is projected to exhibit the highest growth rate in the semiconductor device market, with an expected CAGR of approximately 10% during the forecast period 2024-2029. This remarkable growth trajectory is primarily attributed to increasing global defense modernization initiatives, rising military expenditure across various nations, and the growing adoption of advanced electronic warfare systems. The segment's growth is further fueled by the increasing integration of sophisticated semiconductor devices in modern military equipment, surveillance systems, and aerospace applications. The rising focus on developing autonomous defense systems, advanced radar technologies, and satellite communication systems is creating substantial opportunities for semiconductor manufacturers. Additionally, the increasing emphasis on enhancing military capabilities through electronic systems and the growing adoption of AI-powered defense solutions are expected to drive the segment's growth significantly over the forecast period.

Remaining Segments in End-User Vertical

The semiconductor device market's remaining segments, including computing/data storage, automotive, consumer, and industrial, each play crucial roles in driving market growth. The computing/data storage segment maintains significant market presence through data center expansions and cloud computing growth. The automotive segment is driven by increasing electronic content in vehicles and the rise of electric vehicles. The consumer segment's growth is supported by the proliferation of smart devices and home automation systems. The industrial segment continues to expand through Industry 4.0 initiatives and industrial automation. Each of these segments contributes uniquely to the market's dynamics, with varying demands for different types of semiconductor devices ranging from microprocessors to power semiconductors.

Global Semiconductor Device Market Geography Segment Analysis

Semiconductor Device Market in China

China dominates the global semiconductor device landscape, commanding approximately 32% of the global market share in 2024. The country's semiconductor industry has experienced remarkable expansion, driven by substantial government support and initiatives like the China Integrated Circuit Industry Investment Fund. The establishment of new semiconductor manufacturing facilities and research centers has strengthened China's position in the global supply chain. The country's robust telecommunications infrastructure, particularly in 5G technology, has created sustained demand for semiconductor devices. With over 3.38 million 5G base stations by the end of 2023, China's digital transformation continues to fuel semiconductor consumption. The country's thriving consumer electronics sector, coupled with its expanding automotive industry, particularly in electric vehicles, has created a diverse demand portfolio for semiconductor devices. Furthermore, China's strategic focus on developing domestic semiconductor capabilities through initiatives like the "Made in China 2025" program demonstrates its commitment to reducing reliance on imports while fostering indigenous innovation.

Market Analysis of Global Semiconductor Device Market: Forecasted Growth Rate by Region

Semiconductor Device Market in the United States

The United States maintains its position as a global semiconductor powerhouse, with its market projected to grow at approximately 9% CAGR from 2024 to 2029. The country's semiconductor ecosystem benefits from substantial private sector investments and government support through initiatives like the CHIPS Act. The presence of leading research institutions and technology companies creates a robust environment for semiconductor innovation and development. The increasing adoption of artificial intelligence, cloud computing, and data center technologies drives significant demand for advanced semiconductor devices. The automotive sector's transformation towards electric and autonomous vehicles has created new opportunities for semiconductor manufacturers. The United States' strong focus on emerging technologies like quantum computing and advanced packaging solutions positions it at the forefront of semiconductor innovation. Additionally, the country's emphasis on reshoring semiconductor manufacturing capabilities has led to significant investments in new fabrication facilities, strengthening its domestic semiconductor supply chain.

Semiconductor Device Market in Japan

Japan's semiconductor device market continues to demonstrate resilience and innovation, particularly in specialized semiconductor applications. The country's strength lies in its advanced manufacturing capabilities and expertise in materials science, making it a crucial player in the global semiconductor supply chain. Japanese companies maintain leadership positions in several critical semiconductor materials and equipment segments. The country's robust automotive industry, coupled with its strong consumer electronics sector, drives consistent demand for semiconductor devices. Japan's focus on quality and precision manufacturing has established it as a preferred supplier for high-reliability semiconductor components. The country's strategic partnerships with global semiconductor manufacturers and ongoing investments in research and development reinforce its position in the market. Furthermore, Japan's emphasis on developing next-generation semiconductor technologies, particularly in power electronics and sensors, demonstrates its commitment to maintaining technological leadership.

Semiconductor Device Market in Other Countries

The semiconductor device market extends beyond the major players to include several dynamic regions and countries. South Korea stands out with its strong presence in memory semiconductors and display technologies, while Taiwan has established itself as a global leader in semiconductor manufacturing services. Countries in Southeast Asia, including Singapore and Malaysia, play crucial roles in semiconductor assembly and testing operations. The European semiconductor landscape, particularly in countries like Germany and France, focuses on automotive and industrial applications. Emerging markets in India and Brazil are developing their semiconductor capabilities through government initiatives and foreign investments. The Middle Eastern countries are increasingly investing in semiconductor research and development facilities. This diverse geographic spread of semiconductor activities creates a complex and interconnected global ecosystem, with each region contributing unique strengths and capabilities to the global semiconductor supply chain.

Semiconductor Device Industry Overview

Top Companies in Global Semiconductor Device Market

The semiconductor device market features prominent players like Intel, NVIDIA, Qualcomm, STMicroelectronics, AMD, Samsung, and SK Hynix leading innovation and market development. These companies demonstrate a strong commitment to research and development, with substantial investments in advancing semiconductor component technologies across computing, automotive, communications, and IoT applications. Product innovation focuses on developing more efficient, smaller, and powerful semiconductor solutions, particularly in areas like AI acceleration, 5G connectivity, and autonomous systems. Companies are increasingly adopting vertical integration strategies, expanding their manufacturing capabilities through new facility investments while simultaneously strengthening their design and development expertise. Strategic partnerships with automotive manufacturers, cloud service providers, and telecommunications companies have become crucial for market expansion, while geographical diversification of manufacturing facilities helps mitigate supply chain risks and meet regional demand variations.

Market Consolidation Drives Industry Evolution Pattern

The semiconductor device market exhibits a complex competitive structure characterized by both large Integrated Device Manufacturers (IDMs) and specialized fabless companies. Global conglomerates dominate the high-end processor and memory segments, leveraging their extensive manufacturing capabilities and research resources, while specialized players focus on niche applications like power semiconductors, sensors, and specific automotive solutions. The industry demonstrates a high degree of vertical integration, with major players controlling multiple stages of the value chain from design to manufacturing and distribution.


The market has witnessed significant consolidation through strategic mergers and acquisitions, particularly in specialized segments like automotive semiconductors and AI processors. Companies are increasingly pursuing acquisitions to gain technological capabilities, expand their product portfolios, and strengthen their market position in emerging application areas. This consolidation trend is particularly evident in the foundry segment, where companies are combining resources to meet the escalating costs of advanced manufacturing processes and research development, while also securing their supply chains through strategic partnerships and joint ventures.

Innovation and Adaptability Define Future Success

Success in the semiconductor device market increasingly depends on companies' ability to anticipate and adapt to rapidly evolving technological requirements and customer needs. Market leaders are strengthening their positions through continuous investment in advanced manufacturing processes, particularly in areas like 5G, artificial intelligence, and autonomous vehicles. Companies must maintain strong relationships with end-users across multiple industries while simultaneously developing specialized solutions for emerging applications, requiring a balanced approach between standardization and customization.


For new entrants and smaller players, success lies in identifying and exploiting niche market segments while building strategic partnerships to overcome manufacturing and distribution challenges. The industry's high entry barriers, including substantial capital requirements and intellectual property considerations, necessitate innovative business models and strategic collaborations. Regulatory compliance, particularly regarding export controls and environmental standards, continues to shape competitive strategies, while the increasing focus on sustainable manufacturing practices and energy efficiency creates new opportunities for differentiation. Companies must also maintain flexibility in their supply chains and manufacturing processes to address potential disruptions and changing market demands, including the integration of integrated circuit technologies and electronic components.

Semiconductor Device Market Leaders

  1. Intel Corporation

  2. Nvidia Corporation

  3. Kyocera Corporation

  4. Qualcomm Incorporated

  5. STMicroelectronics NV

  6. *Disclaimer: Major Players sorted in no particular order
Semiconductor Device Market Concentration
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Semiconductor Device Market News

  • January 2024 - Intel introduced its latest offering, the Intel® Core 14th Gen mobile processor family. Spearheading this release is the flagship Intel® Core i9-14900HX, boasting an impressive 24 cores and promising the pinnacle of mobile experiences for enthusiasts. Additionally, Intel rolls out its full range of Intel Core 14th Gen desktop processors, available in both 65-watt and 35-watt configurations. These processors cater to a broad spectrum of devices, from mainstream desktops to all-in-one and edge devices.
  • January 2024 - Nvidia announced the GeForce RTX 40 SUPER Series family of GPUs, including the GeForce RTX 4080 SUPER, GeForce RTX 4070 Ti SUPER, and GeForce RTX 4070 SUPER. These supercharge the latest games and form the core of AI-powered PCs. This newest iteration of NVIDIA Ada Lovelace architecture-based GPUs delivers up to 52 shader TFLOPS, 121 RT TFLOPS, and 836 AI TOPS to supercharge gaming and provide the power to develop new entertainment worlds and experiences.

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 Technological Trends
  • 4.3 Industry Value Chain/Supply Chain Analysis
  • 4.4 Impact of COVID-19 Aftereffects and Other Macroeconomic Factors on the Market
  • 4.5 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.5.1 Bargaining Power of Suppliers
    • 4.5.2 Bargaining Power of Buyers
    • 4.5.3 Threat of New Entrants
    • 4.5.4 Threat of Substitutes
    • 4.5.5 Intensity of Competitive Rivalry

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Growing Adoption of Technologies like IoT and AI
    • 5.1.2 Increased Deployment of 5G and 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
    • 6.2.6 Government (Aerospace and Defense)
  • 6.3 By Geography
    • 6.3.1 United States
    • 6.3.2 Europe
    • 6.3.3 Japan
    • 6.3.4 China
    • 6.3.5 Korea
    • 6.3.6 Taiwan
    • 6.3.7 Rest of the World

7. SEMICONDUCTOR FOUNDRY LANDSCAPE

  • 7.1 Foundry Business Revenue and Market Shares by Foundries
  • 7.2 Semiconductor Sales - IDM vs Fabless
  • 7.3 Wafer Capacity By End of December 2021 Based on Fab Location
  • 7.4 Wafer Capacity By Top 5 Semiconductor Companies and an Indication of Wafer Capacity by Node Technology

8. COMPETITIVE LANDSCAPE

  • 8.1 Company Profiles*
    • 8.1.1 Intel Corporation
    • 8.1.2 Nvidia Corporation
    • 8.1.3 Kyocera Corporation
    • 8.1.4 Qualcomm Incorporated
    • 8.1.5 STMicroelectronics NV
    • 8.1.6 Micron Technology Inc.
    • 8.1.7 Advanced Micro Devices Inc.
    • 8.1.8 NXP Semiconductors NV
    • 8.1.9 Toshiba Corporation
    • 8.1.10 Texas Instruments Inc
    • 8.1.11 Analog Devices Inc.
    • 8.1.12 SK Hynix Inc.
    • 8.1.13 Samsung Electronics Co. Ltd
    • 8.1.14 Fujitsu Semiconductor Ltd
    • 8.1.15 Rohm Co. Ltd
    • 8.1.16 Infineon Technologies AG
    • 8.1.17 Renesas Electronics Corporation
    • 8.1.18 Wolfspeed Inc.
    • 8.1.19 Broadcom Inc.
    • 8.1.20 ON Semiconductor Corporation

9. FUTURE OUTLOOK OF THE MARKET

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Semiconductor Device Industry Segmentation

Semiconductor devices are electronic components made from semiconductor materials that exhibit unique electrical properties. Semiconductor materials, such as silicon and germanium, have the unique characteristic of conducting electricity under certain conditions. Unlike conductors (like metals) that easily allow the flow of electrons and insulators (like rubber) that resist the flow of electrons, semiconductors have conductivity that can be controlled.

The market is defined by the revenue generated from sales of semiconductor devices like discrete semiconductors, optoelectronics, sensors, and integrated circuits comprising analog, logic, memory, and micro-integrated circuits employed in various end-user verticals like automotive, communication (wired, wireless), consumer, industrial, computing/data storage, government (aerospace & defense), etc., across various countries like United States, Europe, Japan, China, Korea, Taiwan, and Rest of the World.

The 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 application (automotive, communication (wired and wireless), consumer, industrial, computing/data storage, government (aerospace and defense)), and geography (United States, Europe, Japan, China, Korea, Taiwan, Rest of the World). The report offers market forecasts and size in volume (units) and value (USD) for all the above segments.

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 and Wireless)
Consumer
Industrial
Computing/Data Storage
Government (Aerospace and Defense)
By Geography United States
Europe
Japan
China
Korea
Taiwan
Rest of the World
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Semiconductor Device Market Research FAQs

How big is the Global Semiconductor Device Market?

The Global Semiconductor Device Market size is expected to reach USD 0.67 trillion in 2025 and grow at a CAGR of 8.39% to reach USD 1.01 trillion by 2030.

What is the current Global Semiconductor Device Market size?

In 2025, the Global Semiconductor Device Market size is expected to reach USD 0.67 trillion.

Who are the key players in Global Semiconductor Device Market?

Intel Corporation, Nvidia Corporation, Kyocera Corporation, Qualcomm Incorporated and STMicroelectronics NV are the major companies operating in the Global Semiconductor Device Market.

What years does this Global Semiconductor Device Market cover, and what was the market size in 2024?

In 2024, the Global Semiconductor Device Market size was estimated at USD 0.61 trillion. The report covers the Global Semiconductor Device Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Global Semiconductor Device Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Global Semiconductor Device Market Research

Mordor Intelligence provides a comprehensive analysis of the semiconductor device industry, drawing on decades of expertise in electronic component research. Our extensive report covers the entire ecosystem. It spans from integrated circuit manufacturing to power electronics applications. The analysis includes key segments such as transistor, diode, and microprocessor technologies. It also explores emerging developments in compound semiconductor and silicon semiconductor areas. Our research methodology examines both discrete semiconductor and analog semiconductor sectors. This approach offers detailed insights into memory semiconductor technologies and sensor semiconductor innovations.

Stakeholders can access detailed market analysis through an easy-to-download report PDF. It covers power semiconductor trends, logic semiconductor developments, and optoelectronic device advancements. The report delivers valuable insights into the dynamics of the electronic component industry. It includes detailed analysis of integrated circuit market trends and microprocessor industry developments. Our comprehensive coverage extends to power electronics market dynamics and compound semiconductor market opportunities. It also explores emerging applications in the discrete semiconductor market. This enables businesses to make informed strategic decisions based on robust market intelligence.