The global Semiconductor Market was valued at USD 665.84 billion in 2024 and is projected to reach USD 1880.79 billion by 2032, with a CAGR of 13.86% from 2025-2032. The demand for semiconductors is driven by various sectors like consumer electronics, data centers, IoT, electric vehicles, and 5G technology.

The semiconductor market is propelled by the high demand for chips in smartphones, tablets, wearable technology, data centers, cloud computing, IoT devices, electric vehicles, and 5G technology. Major players in the market include Intel, Samsung Electronics, TSMC, Qualcomm, NVIDIA, Broadcom, and more.

In 2024, networking & communications accounted for 28.8% of the semiconductor market, while memory devices held a 33.4% share. The automotive sector is expected to grow rapidly due to the increased adoption of electric vehicles, ADAS, and autonomous driving technology, driving the demand for semiconductors.

Asia Pacific led the semiconductor market in 2024 with a 38.2% market share, fueled by major manufacturing hubs and consumer electronics consumption. North America is expected to experience the highest CAGR growth rate from 2025-2032, driven by AI, cloud computing, and self-driving cars.

In January 2025, Intel Foundry Services secured new defense clients for its advanced 18A process under the U.S. DoD’s RAMP-C program. The Semiconductor Market Report includes exclusive sections on performance benchmarks, adoption trends, technology penetration, connectivity, and competitive landscape analysis.

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