Semiconductor Chip Market Size, Trends and Insights By Component (Memory Devices, Logic Devices, Analog IC, MPU, MCU, Sensors, Discrete Power Devices, Others), By Node Size (65nm, 45/40nm, 32/28nm, 22/20nm, 16/14nm, 10/7nm, 7/5nm, 180nm, 130nm, 90nm, 5nm), By Application (Telecommunication, Defense and Military, Industrial, Consumer Electronics, Automotive, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Intel Corporation
- Samsung Electronics Co. Ltd.
- Taiwan Semiconductor Manufacturing Company Limited (TSMC)
- SK Hynix Inc.
- Others
Reports Description
As per the current market research conducted by the CMI Team, the global Semiconductor Chip Market is expected to record a CAGR of 8.1% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 601 Billion. By 2033, the valuation is anticipated to reach USD 1277 Billion.
Semiconductor Chip Market: Overview
Semiconductor chips or integrated circuits (ICs) are an essential component in present digital world. These chips are employed in diverse range of applications from several sector which includes electronics, appliances, automobiles, gaming, healthcare, transportation, power, clean energy, defense systems and artificial intelligence (AI).
Imaging a world without semiconductors is equivalent to imaging one without cellphones, computers, televisions, video games, sophisticated automobiles, advanced wireless networks, and so on. A semiconductor chip is a small piece of silicon with electronic circuitry that performs a variety of activities.
These chips are composed of a number of tiny electronic components such as transistors, diodes, and resistors. The semiconductor material used in these chips is silicon, germanium and gallium arsenide. The semiconductor chip market is being driven by several factor such as growing consumer electronics industry, increasing automation in automotive sector, growing application in defense industry and others. However, the supply chain issue is a major concern for the market growth.
- The Semiconductor Industry Association (SIA) announced global semiconductor sales were $166.0 billion for the third quarter of 2024, an increase of 23.2% compared to the third quarter of 2023 and 10.7% more than the second quarter of 2024.
- Total global military expenditure reached $2443 billion in 2023, an increase of 6.8 per cent in real terms from 2022. This was the steepest year-on-year increase since 2009. The 10 largest spenders in 2023—led by the United States, China and Russia—all increased their military spending, according to new data on global military spending published by the Stockholm International Peace Research Institute (SIPRI).
- According to a recent report by OBERLO, the global consumer electronics market is set to bring in $949.7 billion in revenue in 2024, falling slightly by 0.6% from the previous year’s revenues. In 2023, the industry expanded by 4.1% as it recovered from 2022’s 4.3% dip.
Semiconductor Chip Market: Growth Factors
Increasing adoption of IoT devices
The market is being driven primarily by the growing usage of IoT devices. The semiconductor industry is expanding rapidly as AI and the Internet of Things (IoT) become more widely used in a variety of industries. According to the Semiconductor Industry Association, the industry is estimated to be worth USD 1.1 trillion by 2025, driven by demand from B2B, B2G, and B2C firms.
Similarly, IDC valued IoT industry around USD 1.1 trillion in 2023. In IoT devices magnetic sensor playing an important role which includes Hall effect sensors, TMR sensors and reed switch sensors, raising demand for semiconductor chip.
Rising funding for microelectronics
The growing funding from the public entities for the advance microelectronics are expected to offer a potential opportunity to the semiconductor chip industry revenue growth. In September 2023, Nokia announced that it has joined the Northeast Microelectronics Coalition (NEMC) Hub, a regional innovation hub coordinated by the Massachusetts Technology Collaborative.
The “Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act” recently provided funding to the NEMC Hub to advance the microelectronics needs of the United States Department of Defense (DoD).
The funding award will establish eight Microelectronics Commons regional innovation hubs and Core Facilities across the United States, including NEMC, each focused on multiple technology areas and supported by a network of commercial innovators working together to expand the United States’ global leadership in microelectronics.
Semiconductor Chip Market: Recent Development
The semiconductor chip industry adopted several strategies which include product launches, acquisitions, collaboration, expansion and others. Some of the company strategies include:
- In November 2023, Valens Semiconductor, a premier provider of high-performance connectivity solutions for the audio-video and automotive markets, announced the launch of the VS6320 chipset, a USB3.2 Gen1 extension solution. Valens Semiconductor’s VS6320 provides a high-performance and efficient long-distance single-chip extension solution that addresses a critical need in the global videoconferencing, information technology (IT), industrial and medical markets. As planned, Valens will start shipping engineering samples to select customers in the fourth quarter of 2023, advancing the company’s long-term vision to transform digital experiences worldwide with its extensive product portfolio.
- In September 2024, Mitsubishi Electric Corporation announced that its Power Device Works’ Fukuyama Factory has begun large-scale supply of power semiconductor chips made from 12-inch silicon (Si) wafers for the assembly of semiconductor modules, effective immediately. The advanced Si power-semiconductor modules will initially be used in consumer products. Going forward, Mitsubishi Electric expects to contribute to green transformation (GX) by providing a stable and timely supply of semiconductor chips to meet the growing demand for energy-saving power-electronics devices in various applications.
This product launch, expansion and collaboration strategies have expanded the market presence of the company in the semiconductor chip industry and gained its competitive edge.
Semiconductor Chip Market: Challenge
Technical complexity
The worldwide semiconductor business runs at the cutting- edge of technology, with improved design processes and manufacturing posing significant technological challenges for industry operators. Developing smaller and more powerful chips necessitates significant investments in research and development, and process nodes are approaching physical limits, offering a market challenge by complicating downsizing procedures.
Semiconductor Chip Market: Category-Wise Insights
By Component:
The memory devices segment is expected to dominate the market. This can be attributed to the increasing prevalence of digitalization and the growing number of digital enterprises. Moreover, the growing demand for cloud computing and the increasing usage of virtual reality are projected to drive the growth of this category over the forecast period.
Besides, the MCU segment growing at a rapid rate. The Internet of Things (IoT) has considerably increased demand for MCUs to power smart devices in homes, industries, and cities. Furthermore, the automobile industry’s shift toward electrification, Advanced Driver Assistance Systems (ADAS), and autonomous driving technologies has boosted MCU demand.
By Application:
The telecommunication segment is expected to dominate the market. The segment expansion is attributed to the rapid development in 5G infrastructure across the globe. Moreover, increased data traffic from telecommunication networks drives investments in data centers, requiring high-performance chips such as CPUs, GPUs, and FPGAs.
Besides, the automotive segment growing at a rapid rate. The increasing incorporation advanced electronics drives the industry growth. Moreover, the emergence of autonomous driving also propelling the market growth.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 601 Billion |
| Projected Market Size in 2033 | USD 1277 Billion |
| Market Size in 2023 | USD 586 Billion |
| CAGR Growth Rate | 8.1% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Component, Node Size, Application and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Semiconductor Chip Market: Regional Analysis
The Asia Pacific is projected to dominate the semiconductor chip market. The market growth of semiconductor chip in the region is attributed to the rising demand from automotive sector. Furthermore, the increasing investment in 5G infrastructure is a major factor influencing the industry expansion.
According Ericsson Mobility Report, 5G subscribers are expected to exceed 270 million by the end of 2024, accounting for 23% of total mobile subscriptions in the region.
However, North America is growing at a significant pace in the global semiconductor chip industry. The expansion of the semiconductor chip industry is attributed to the rising investment from defense sector.
List of the prominent players in the Semiconductor Chip Market:
- Intel Corporation
- Samsung Electronics Co. Ltd.
- Taiwan Semiconductor Manufacturing Company Limited (TSMC)
- SK Hynix Inc.
- Micron Technology Inc.
- Qualcomm Incorporated
- NVIDIA Corporation
- Texas Instruments Incorporated
- Advanced Micro Devices Inc. (AMD)
- Broadcom Inc.
- Others
The Semiconductor Chip Market is segmented as follows:
By Component
- Memory Devices
- Logic Devices
- Analog IC
- MPU
- MCU
- Sensors
- Discrete Power Devices
- Others
By Node Size
- 65nm
- 45/40nm
- 32/28nm
- 22/20nm
- 16/14nm
- 10/7nm
- 7/5nm
- 180nm
- 130nm
- 90nm
- 5nm
By Application
- Telecommunication
- Defense and Military
- Industrial
- Consumer Electronics
- Automotive
- Others
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Semiconductor Chip Market, (2024 – 2033) (USD Billion)
- 2.2 Global Semiconductor Chip Market : snapshot
- Chapter 3. Global Semiconductor Chip Market – Industry Analysis
- 3.1 Semiconductor Chip Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Increasing adoption of IoT devices
- 3.2.2 Rising funding for microelectronics
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Component
- 3.7.2 Market attractiveness analysis By Node Size
- 3.7.3 Market attractiveness analysis By Application
- Chapter 4. Global Semiconductor Chip Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Semiconductor Chip Market: company market share, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Semiconductor Chip Market – Component Analysis
- 5.1 Global Semiconductor Chip Market overview: By Component
- 5.1.1 Global Semiconductor Chip Market share, By Component, 2023 and 2033
- 5.2 Memory Devices
- 5.2.1 Global Semiconductor Chip Market by Memory Devices, 2024 – 2033 (USD Billion)
- 5.3 Logic Devices
- 5.3.1 Global Semiconductor Chip Market by Logic Devices, 2024 – 2033 (USD Billion)
- 5.4 Analog IC
- 5.4.1 Global Semiconductor Chip Market by Analog IC, 2024 – 2033 (USD Billion)
- 5.5 MPU
- 5.5.1 Global Semiconductor Chip Market by MPU, 2024 – 2033 (USD Billion)
- 5.6 MCU
- 5.6.1 Global Semiconductor Chip Market by MCU, 2024 – 2033 (USD Billion)
- 5.7 Sensors
- 5.7.1 Global Semiconductor Chip Market by Sensors, 2024 – 2033 (USD Billion)
- 5.8 Discrete Power Devices
- 5.8.1 Global Semiconductor Chip Market by Discrete Power Devices, 2024 – 2033 (USD Billion)
- 5.9 Others
- 5.9.1 Global Semiconductor Chip Market by Others, 2024 – 2033 (USD Billion)
- 5.1 Global Semiconductor Chip Market overview: By Component
- Chapter 6. Global Semiconductor Chip Market – Node Size Analysis
- 6.1 Global Semiconductor Chip Market overview: By Node Size
- 6.1.1 Global Semiconductor Chip Market share, By Node Size, 2023 and 2033
- 6.2 65nm
- 6.2.1 Global Semiconductor Chip Market by 65nm, 2024 – 2033 (USD Billion)
- 6.3 45/40nm
- 6.3.1 Global Semiconductor Chip Market by 45/40nm, 2024 – 2033 (USD Billion)
- 6.4 32/28nm
- 6.4.1 Global Semiconductor Chip Market by 32/28nm, 2024 – 2033 (USD Billion)
- 6.5 22/20nm
- 6.5.1 Global Semiconductor Chip Market by 22/20nm, 2024 – 2033 (USD Billion)
- 6.6 16/14nm
- 6.6.1 Global Semiconductor Chip Market by 16/14nm, 2024 – 2033 (USD Billion)
- 6.7 10/7nm
- 6.7.1 Global Semiconductor Chip Market by 10/7nm, 2024 – 2033 (USD Billion)
- 6.8 7/5nm
- 6.8.1 Global Semiconductor Chip Market by 7/5nm, 2024 – 2033 (USD Billion)
- 6.9 180nm
- 6.9.1 Global Semiconductor Chip Market by 180nm, 2024 – 2033 (USD Billion)
- 6.10 130nm
- 6.10.1 Global Semiconductor Chip Market by 130nm, 2024 – 2033 (USD Billion)
- 6.11 90nm
- 6.11.1 Global Semiconductor Chip Market by 90nm, 2024 – 2033 (USD Billion)
- 6.12 5nm
- 6.12.1 Global Semiconductor Chip Market by 5nm, 2024 – 2033 (USD Billion)
- 6.1 Global Semiconductor Chip Market overview: By Node Size
- Chapter 7. Global Semiconductor Chip Market – Application Analysis
- 7.1 Global Semiconductor Chip Market overview: By Application
- 7.1.1 Global Semiconductor Chip Market share, By Application, 2023 and 2033
- 7.2 Telecommunication
- 7.2.1 Global Semiconductor Chip Market by Telecommunication, 2024 – 2033 (USD Billion)
- 7.3 Defense and Military
- 7.3.1 Global Semiconductor Chip Market by Defense and Military, 2024 – 2033 (USD Billion)
- 7.4 Industrial
- 7.4.1 Global Semiconductor Chip Market by Industrial, 2024 – 2033 (USD Billion)
- 7.5 Consumer Electronics
- 7.5.1 Global Semiconductor Chip Market by Consumer Electronics, 2024 – 2033 (USD Billion)
- 7.6 Automotive
- 7.6.1 Global Semiconductor Chip Market by Automotive, 2024 – 2033 (USD Billion)
- 7.7 Others
- 7.7.1 Global Semiconductor Chip Market by Others, 2024 – 2033 (USD Billion)
- 7.1 Global Semiconductor Chip Market overview: By Application
- Chapter 8. Semiconductor Chips Market – Regional Analysis
- 8.1 Global Semiconductor Chips Market Regional Overview
- 8.2 Global Semiconductor Chips Market Share, by Region, 2023 & 2033 (USD Billion)
- 8.3. North America
- 8.3.1 North America Semiconductor Chips Market, 2024 – 2033 (USD Billion)
- 8.3.1.1 North America Semiconductor Chips Market, by Country, 2024 – 2033 (USD Billion)
- 8.3.1 North America Semiconductor Chips Market, 2024 – 2033 (USD Billion)
- 8.4 North America Semiconductor Chips Market, by Component, 2024 – 2033
- 8.4.1 North America Semiconductor Chips Market, by Component, 2024 – 2033 (USD Billion)
- 8.5 North America Semiconductor Chips Market, by Node Size, 2024 – 2033
- 8.5.1 North America Semiconductor Chips Market, by Node Size, 2024 – 2033 (USD Billion)
- 8.6 North America Semiconductor Chips Market, by Application, 2024 – 2033
- 8.6.1 North America Semiconductor Chips Market, by Application, 2024 – 2033 (USD Billion)
- 8.7. Europe
- 8.7.1 Europe Semiconductor Chips Market, 2024 – 2033 (USD Billion)
- 8.7.1.1 Europe Semiconductor Chips Market, by Country, 2024 – 2033 (USD Billion)
- 8.7.1 Europe Semiconductor Chips Market, 2024 – 2033 (USD Billion)
- 8.8 Europe Semiconductor Chips Market, by Component, 2024 – 2033
- 8.8.1 Europe Semiconductor Chips Market, by Component, 2024 – 2033 (USD Billion)
- 8.9 Europe Semiconductor Chips Market, by Node Size, 2024 – 2033
- 8.9.1 Europe Semiconductor Chips Market, by Node Size, 2024 – 2033 (USD Billion)
- 8.10 Europe Semiconductor Chips Market, by Application, 2024 – 2033
- 8.10.1 Europe Semiconductor Chips Market, by Application, 2024 – 2033 (USD Billion)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Semiconductor Chips Market, 2024 – 2033 (USD Billion)
- 8.11.1.1 Asia Pacific Semiconductor Chips Market, by Country, 2024 – 2033 (USD Billion)
- 8.11.1 Asia Pacific Semiconductor Chips Market, 2024 – 2033 (USD Billion)
- 8.12 Asia Pacific Semiconductor Chips Market, by Component, 2024 – 2033
- 8.12.1 Asia Pacific Semiconductor Chips Market, by Component, 2024 – 2033 (USD Billion)
- 8.13 Asia Pacific Semiconductor Chips Market, by Node Size, 2024 – 2033
- 8.13.1 Asia Pacific Semiconductor Chips Market, by Node Size, 2024 – 2033 (USD Billion)
- 8.14 Asia Pacific Semiconductor Chips Market, by Application, 2024 – 2033
- 8.14.1 Asia Pacific Semiconductor Chips Market, by Application, 2024 – 2033 (USD Billion)
- 8.15. Latin America
- 8.15.1 Latin America Semiconductor Chips Market, 2024 – 2033 (USD Billion)
- 8.15.1.1 Latin America Semiconductor Chips Market, by Country, 2024 – 2033 (USD Billion)
- 8.15.1 Latin America Semiconductor Chips Market, 2024 – 2033 (USD Billion)
- 8.16 Latin America Semiconductor Chips Market, by Component, 2024 – 2033
- 8.16.1 Latin America Semiconductor Chips Market, by Component, 2024 – 2033 (USD Billion)
- 8.17 Latin America Semiconductor Chips Market, by Node Size, 2024 – 2033
- 8.17.1 Latin America Semiconductor Chips Market, by Node Size, 2024 – 2033 (USD Billion)
- 8.18 Latin America Semiconductor Chips Market, by Application, 2024 – 2033
- 8.18.1 Latin America Semiconductor Chips Market, by Application, 2024 – 2033 (USD Billion)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Semiconductor Chips Market, 2024 – 2033 (USD Billion)
- 8.19.1.1 The Middle-East and Africa Semiconductor Chips Market, by Country, 2024 – 2033 (USD Billion)
- 8.19.1 The Middle-East and Africa Semiconductor Chips Market, 2024 – 2033 (USD Billion)
- 8.20 The Middle-East and Africa Semiconductor Chips Market, by Component, 2024 – 2033
- 8.20.1 The Middle-East and Africa Semiconductor Chips Market, by Component, 2024 – 2033 (USD Billion)
- 8.21 The Middle-East and Africa Semiconductor Chips Market, by Node Size, 2024 – 2033
- 8.21.1 The Middle-East and Africa Semiconductor Chips Market, by Node Size, 2024 – 2033 (USD Billion)
- 8.22 The Middle-East and Africa Semiconductor Chips Market, by Application, 2024 – 2033
- 8.22.1 The Middle-East and Africa Semiconductor Chips Market, by Application, 2024 – 2033 (USD Billion)
- Chapter 9. Company Profiles
- 9.1 Intel Corporation
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Samsung Electronics Co. Ltd.
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 Taiwan Semiconductor Manufacturing Company Limited (TSMC)
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 SK Hynix Inc.
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 Micron Technology Inc.
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 Qualcomm Incorporated
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 NVIDIA Corporation
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 Texas Instruments Incorporated
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 Advanced Micro Devices Inc. (AMD)
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 Broadcom Inc.
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 Others.
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.1 Intel Corporation
List Of Figures
Figures No 1 to 41
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Player
- Intel Corporation
- Samsung Electronics Co. Ltd.
- Taiwan Semiconductor Manufacturing Company Limited (TSMC)
- SK Hynix Inc.
- Micron Technology Inc.
- Qualcomm Incorporated
- NVIDIA Corporation
- Texas Instruments Incorporated
- Advanced Micro Devices Inc. (AMD)
- Broadcom Inc.
- Others
FAQs
The key factors driving the Market are Increasing adoption of IoT devices, Rising funding for microelectronics.
The “Telecommunication” had the largest share in the global market for Semiconductor Chip.
The “Memory Devices” category dominated the market in 2023.
The key players in the market are Intel Corporation, Samsung Electronics Co. Ltd., Taiwan Semiconductor Manufacturing Company Limited (TSMC), SK Hynix Inc., Micron Technology Inc., Qualcomm Incorporated, NVIDIA Corporation, Texas Instruments Incorporated, Advanced Micro Devices Inc. (AMD), Broadcom Inc., Others.
“Asia Pacific” had the largest share in the Semiconductor Chip Market.
The global market is projected to grow at a CAGR of 8.1% during the forecast period, 2024-2033.
The Semiconductor Chip Market size was valued at USD 601 Billion in 2024.