With escalating geopolitical risks, ongoing conflicts, tighter monetary policies in Europe and the U.S., and variables such as uncertainties from national elections and natural disasters, global economic performance is expected to remain flat or subdued compared to 2023. Despite the broader economic challenges, the semiconductor market is seeing a nearing completion of inventory adjustments. As demand for terminal products gradually recovers and long-term needs in automotive, high-performance computing (HPC), and Artificial Intelligence of Things (AIoT) sectors provide support, the semiconductor market is anticipated to return to a growth trajectory, with potential for double-digit growth.
Table of Contents
1. Global Semiconductor Market Performance1.1 Global Semiconductor Market Declines in 2023
1.2 Supply Chain Recovery Likely to Drive Double-Digit Growth in the Semiconductor Market in 2024
1.3 ICs Dominating the Global Semiconductor Market with Over 80% Share
1.4 Global End-Product Shipment Growth Driving Pull-in Demand in 2024
2. Capex of Global Semiconductor Companies
2.1 High Concentration of CapEx among Global Semiconductor Firms
2.2 Semiconductor Equipment Takes the Largest Share of CapEx
3. Competitive Landscape of three DRAM suppliers
3.1 Two Korea Suppliers Dominates the DRAM Market with a 72% Share
3.2 Fierce Competition Expected as DRAM Enters the 1γ Process in 2024
3.3 HPC Applications Drive HBM Development
4. 3D NAND Advances into the 200-Layer Era
4.1 Two Korean Companies Lead the NAND Flash Market with a 52% Share
4.2 The Future of 3D NAND Entering the 300-Layer Era
5. Major Wafer Foundries Have Mass-Produced 3nm Process
5.1 2022-2023: Major Foundries Kick off 3nm Process Mass Production
5.2 2024-2025: Major Foundries Compete in the 2nm Era
6. Global Semiconductor Companies' Revenue Ranking
6.1 TSMC Remains the World's Largest Semiconductor Company in 2023
6.2 Nvidia Stands Out in 2023 with Revenue Growth of 87%
7. Analyst's Perspective
Appendix
List of Companies
List of Tables
Table 1. 2023 Global Top 25 Semiconductor Companies Revenue Rankings (Including Wafer Foundries)
List of Figures
Figure 1. Worldwide Semiconductor Market Value, 2011 - 2024
Figure 2. End Product Shipment Volume and Growth Rate in 2024
Figure 3: Global Leading DRAM Manufacturers' Technology Roadmap
Figure 4. Global Major NAND Flash Manufacturers' Technology Roadmap
Figure 5. Global Major Wafer Foundries' Technology Roadmap
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AMD
- Analog Devices
- Apple
- Broadcom
- Denso
- GlobalFoundries
- Infineon
- Intel
- Kioxia
- Kioxia
- Macronix
- Marvell
- MediaTek
- Microchip
- Micron
- MUFG Bank
- Nanya Technology
- NEC
- Nexchip Semiconductor
- NTT
- Nvidia
- NXP Semiconductors
- ON Semiconductor
- Phison
- PSMC
- Qualcomm
- Rapidus
- Renesas
- Samsung
- Shanghai Huahong Hongli Semiconductor
- SK Hynix
- SMIC
- SoftBank
- Sony
- STMicroelectronics
- TI
- Tower Semiconductor
- Toyota
- TSMC
- UMC
- VSI
- Western Digital
- Winbond Electronics
- YMTC
Methodology
Primary research with a holistic, cross-domain approach
The exhaustive primary research methods are central to the value that the analyst delivers. A combination of questionnaires and on-site visits to the major manufacturers provides a first view of the latest data and trends. Information is subsequently validated by interviews with the manufacturers' suppliers and customers, covering a holistic industry value chain. This process is backed up by a cross-domain team-based approach, creating an interlaced network across numerous interrelated components and system-level devices to ensure statistical integrity and provide in-depth insight.
Complementing primary research is a running database and secondary research of industry and market information. Dedicated research into the macro-environmental trends shaping the ICT industry also allows the analyst to forecast future development trends and generate foresight perspectives. With more than 20 years of experience and endeavors in research, the methods and methodologies include:
Method
- Component supplier interviews
- System supplier interviews
- User interviews
- Channel interviews
- IPO interviews
- Focus groups
- Consumer surveys
- Production databases
- Financial data
- Custom databases
Methodology
- Technology forecasting and assessment
- Product assessment and selection
- Product life cycles
- Added value analysis
- Market trends
- Scenario analysis
- Competitor analysis
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