Semiconductor and Related Devices Market Report 2025

The semiconductor and related devices market size has grown rapidly in recent years. It will grow from $576.25 billion in 2024 to $637.51 billion in 2025 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to consumer electronics demand, automotive industry growth, industrial automation needs, networking and connectivity requirements, renewable energy technologies.

The semiconductor and related devices market size is expected to see strong growth in the next few years. It will grow to $924.2 billion in 2029 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to 5G network deployment, IoT and edge computing expansion, electric and autonomous vehicles, ai and machine learning applications, medical electronics and healthcare technologies. Major trends in the forecast period include automotive semiconductor demand, IoT and wearable device integration, customized and specialized chips, global collaboration and partnerships, resilience against geopolitical challenges.

The semiconductors and related devices market is experiencing growth due to the increasing penetration of mobiles, tablets, and other electronics, along with the rising consumption of data. Sales of electronic devices such as smartphones and tablets contribute to the generation and consumption of digital content, necessitating memory chips for data storage. As of February 2023, a report from Uswitch Limited indicated that 71.8 million mobile connections were active in 2022, marking a 3.8% increase from 2021. With a projected 68.3 million people in the UK by 2025, 95% of them are expected to own smartphones, driving the growth of the semiconductor and related devices market.

The semiconductor and related devices market is expected to see further growth due to the increasing threat of cyberattacks. Cyber threats, encompassing potential dangers and malicious activities in the digital realm, target computer systems, networks, and data. This escalating risk prompts the need for robust data protection solutions, often reliant on encryption and secure key management, both requiring specialized semiconductor components. In September 2023, AAG reported that 39% of UK companies experienced a cyberattack in 2022. Moreover, cybercrime impacted 53.35 million individuals in the US in the first half of 2022. Hence, the rising cyber threat is a driving force behind the growth of the semiconductor and related devices market.

Major companies in the semiconductor and related devices market are focusing on developing new technologies, such as commercial MCU (microcontroller unit) chips, to enhance performance and efficiency across various applications. A commercial MCU chip is specifically designed for commercial use and is typically employed in a range of electronic devices and systems. For example, in May 2024, Mindgrove Technologies, a semiconductor design company based in India, launched Secure IoT, which is India's first commercial high-performance MCU chip built on the RISC-V architecture and operating at 700 MHz. This innovative chip targets various applications, including wearables, smart city infrastructure, and connected home devices, and is priced 30% lower than comparable products on the market. With features such as programmability, flexibility, and improved security, the Secure IoT chip aims to replace millions of imported chips in India, thereby promoting self-sufficiency in semiconductor manufacturing.

Major players in the semiconductor and related devices market are actively pursuing the development of new technologies, such as semiconductor technology platforms, to expand their customer bases, drive more sales, and increase revenue. A semiconductor technology platform involves a standardized set of processes, materials, and design methodologies used for creating integrated circuits (ICs) or semiconductor devices. iDEAL Semiconductor, a US-based semiconductor company, introduced the SuperQ technology in February 2023. This product stands out with its ability to provide record-setting resistance per unit area (RSP). The SuperQ technology enhances power semiconductor devices, including diodes, metal-oxide-semiconductor field-effect transistors (MOSFETs), insulated-gate bipolar transistors (IGBTs), and integrated circuits (ICs) for system developers. It initially targets voltages up to 850 volts (V) and is silicon-based, compatible with upcoming power semiconductor materials.

In August 2024, Polymatech Electronics, a technology company based in India, acquired Nisene Technology Group Inc. for $100 million. This acquisition aims to bolster Polymatech's capabilities in semiconductor manufacturing, specifically in silicon, silicon carbide, and sapphire technologies. Nisene Technology Group Inc., located in the U.S., specializes in automated decapsulation systems used in semiconductor manufacturing.

Major companies operating in the semiconductor and related devices market include Samsung Electronics Co. Ltd., Sony Corporation, Taiwan Semiconductor Manufacturing Company Ltd., Intel Corporation, Qualcomm Incorporated, SK Hynix Inc., Broadcom Inc., Micron Technology Inc., Fujitsu Microelectronics Asia Pacific Limited, NVIDIA Corporation, Advanced Micro Devices Inc., Toshiba Corporation, Texas Instruments Incorporated, Western Digital Corporation, MediaTek Inc., STMicroelectronics N.V., Infineon Technologies AG, Transcend Information Inc., NXP Semiconductors N.V., Analog Devices Inc., Renesas Electronics Corporation, KLA Corporation, AU Optronics Corp., Semiconductor Manufacturing International Corporation, Marvell Technology Group Ltd., SolarEdge Technologies Inc., Tower Semiconductor Ltd., Mellanox Technologies Ltd., ON Semiconductor Corporation, Maxim Integrated Products Inc., Cypress Semiconductor Corporation.

Asia-Pacific was the largest region in the semiconductor and related devices market in 2024. North America was the second-largest region in the global semiconductor and related devices market share. The regions covered in the semiconductor and related devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the semiconductor and related devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Semiconductors are materials exhibiting electrical conductivity levels falling between conductors and insulators. Semiconductor devices are constructed from materials that do not qualify as good conductors or insulators. Their utility lies in the ease with which their behavior can be manipulated through a process called doping, involving the addition of impurities. The conductivity of these devices is adjustable, achieved through exposure to heat, the introduction of an electric or magnetic field, or mechanical deformation. Due to their reliability and compact nature, these devices find broad applications in power devices, light emitters, lasers, and optical sensors.

Semiconductors and related devices can be categorized into intrinsic semiconductors and extrinsic semiconductors. Intrinsic semiconductors are chemically pure, lacking impurities that would alter the number of holes and electrons. Instead, the material's properties determine these characteristics. The range of products includes integrated circuits, memory chips, microprocessors, and others, catering to various industries such as information technology, aerospace & defense, consumer electronics, automotive, healthcare, and more.

The semiconductor and related devices market research report is one of a series of new reports that provides semiconductor and related devices market statistics, including semiconductor and related devices industry global market size, regional shares, competitors with semiconductor and related devices market share, detailed semiconductor and related devices market segments, market trends and opportunities, and any further data you may need to thrive in the semiconductor and related devices industry. This semiconductor and related devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The semiconductor and related devices market consists of sales of analog integrated circuits, digital integrated circuits, mixed-signal integrated circuits, volatile memory chips, non-volatile memory chips, desktop microprocessors, mobile microprocessors, performance microprocessors, fuel cells, infrared sensors, diodes, silicon waveguides, thyristors, transistors, wafers, and other semiconductor and related devices. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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