How big is the Semiconductor Industry?

The Semiconductor Industry size is expected to reach USD 580.35 billion in 2024 and grow at a CAGR of 8.73% to reach USD 882.09 billion by 2029. Read More

What is the current Semiconductor Industry size?

In 2024, the Semiconductor Industry size is expected to reach USD 580.35 billion. Read More

Who are the key players in Semiconductor Industry?

Intel Corporation, Samsung Electronics Co. Ltd, Qualcomm Incorporated, Micron Technology Inc. and SK Hynix Inc. are the major companies operating in the Semiconductor Industry. Read More

Which is the fastest growing region in Semiconductor Industry?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Semiconductor Industry?

In 2024, the Asia Pacific accounts for the largest market share in Semiconductor Industry. Read More

What years does this Semiconductor Industry cover, and what was the market size in 2023?

In 2023, the Semiconductor Industry size was estimated at USD 529.69 billion. The report covers the Semiconductor Industry historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Semiconductor Industry size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the fastest-growing segments in the Semiconductor Industry?

The fastest-growing segments in the Semiconductor Industry are discrete semiconductors, fabrication materials and emerging technologies like AI and 5G. Read More

What are the key challenges in the Semiconductor Market?

The key challenges in the Semiconductor Market are: a) High capital investments b) Manufacturing capacity constraints, and c) Changes in demand, leading to supply chain shortages Read More

Semiconductor Industry Market Share

Statistics for the 2023 & 2024 Semiconductor Industry market share, created by Mordor Intelligence™ Industry Reports. Semiconductor Industry share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Semiconductor Industry

The semiconductor industry is fragmented, with the presence of major players like Intel Corporation, Samsung Electronics Co. Ltd, Qualcomm Incorporated, Micron Technology Inc., and SK Hynix Inc. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
The growing Industrial 4.0 and the Industrial Internet of Things (IIoT) are at the heart of new technological approaches for the development, production, and management of the entire logistics chain, also known as smart factory automation. These are dominant trends in the industrial sector, with machinery and devices connected via the internet, which are expected to drive the market's growth in the coming years.
For instance, in October 2023, SK Hynix conducted compatibility validation for the LPDDR5T after completing its development in January, with assistance from Qualcomm Technologies. The successful completion of this process confirms its compatibility with Snapdragon 8 Gen 3. The company intends to offer a 16 GB-capacity product comprising multiple individual LPDDR5T chips. These chips boast a remarkable data processing speed of 77 GB per second, enabling the processing of 15 full-HD movies in just one second.
Growing industries, such as defense and aerospace, consumer electronics, healthcare, automotive, information and communication technology, and telecommunications, are driving the market's growth. Furthermore, in July 2022, The Karnataka Industries Department announced the new Aerospace and Defence Policy (2022–27), aiming for the State to be the preferred investment destination for aerospace and defense manufacturing. Under the new A&D policy, the State will develop five aerospace and defense hubs: Bengaluru, Belagavi, Mysuru, Tumakuru, and Chamarajanagara. The policy aims to attract investments worth INR 60,000 crore in the defense sector in the next five years, create over 70,000 employment opportunities, and develop the state as a manufacturing hub.
According to India Business Unit Capgemini, in June 2022, India's manufacturing technology investments of about USD 5.5 billion-USD 6.5 billion were spent on IoT platforms, cloud, cybersecurity, data analytics, AI/ML, and AR/VR IoT platforms. Due to government policies and private sector investments, Indian manufacturing is witnessing a push to adopt digital technologies, aiming for a 25% contribution to the GDP by FY2026.