Semiconductor Market Size to Worth USD 1880.79 Billion by 2032, expanding at 13.86% CAGR | Research by SNS Insider

By GlobeNewswire On Oct 28, 2025

The global Semiconductor Market growth is driven by surging demand for AI/ML compute, 5G/IoT rollout, EV/autonomous vehicles, digitalization across industries, and strong government incentives for local chip manufacturing.

Austin, Oct. 28, 2025 (GLOBE NEWSWIRE) — Semiconductor Market Size & Growth Insights:

According to the SNS Insider,“The global Semiconductor Market was valued at USD 665.84 billion in 2024 and is expected to reach USD 1880.79 billion by 2032, growing at a CAGR of 13.86% over 2025-2032.”

High Demand of Semiconductors from Various Sectors Propel Market Expansion Globally

Since smartphones, tablets, and wearable technology require sophisticated chips for improved performance and efficiency, the consumer electronics market’s explosive expansion has also been propelling the semiconductor industry. The expansion of data centers and cloud computing is another factor driving the need for memory and logic devices. Additionally, the demand for sensors and microcontrollers is rising due to the Internet of Things (IoT) and the growing number of linked devices, which includes everything from smart homes to industrial automation. This trend is also showing strong double-digit growth. Battery management systems and advanced driver assistance systems (ADAS) are the main focuses of the expanding electric vehicle (EV) sector, which in turn increases the demand for power electronics and semiconductor components. Additionally, as 5G is promoted, there is still a need for communication chips and high-speed CPUs.

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Leading Market Players with their Product Listed in this Report are:

Intel (Processors, FPGA)
Samsung Electronics (DRAM, NAND Flash)
TSMC (Custom Chips, SoCs)
Qualcomm (Snapdragon Processors, Modem Chips)
NVIDIA (GPUs, AI Chips)
Broadcom (Networking Chips, Bluetooth Solutions)
SK Hynix (DRAM, NAND Flash)
Micron Technology (Memory Modules, SSDs)
Texas Instruments (Analog ICs, Embedded Processors)
AMD (CPUs, GPUs)
MediaTek (Mobile SoCs, Wi-Fi Chips)
Applied Materials (Semiconductor Equipment, Display Technology)
ASE Technology Holding (IC Packaging, Testing Solutions)
Infineon Technologies (Power Semiconductors, Automotive ICs)
Sony (Image Sensors, Audio Chips)
ON Semiconductor (Power and Signal Management ICs)
NXP Semiconductors (Automotive, IoT Chips)
STMicroelectronics (Microcontrollers, MEMS Sensors)
Renesas Electronics (Microcontrollers, Automotive ICs)
Marvell Technology (Storage, Networking, and Connectivity Chips)

Semiconductor Market Report Scope:

Report Attributes	Details
Market Size in 2024	USD 665.84 Billion
Market Size by 2032	USD 1880.79 Billion
CAGR	CAGR of 13.86% From 2025 to 2032
Report Scope & Coverage	Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segmentation	• By Component (Memory Devices, Logic Devices, Analog IC, MPU, Discrete Power Devices, MCU, Sensors, Others (DSP)) • By Application (Data Processing, Industrial, Networking & Communications, Consumer Electronics, Automotive, Government)

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Key Industry Segmentation

By Application

Networking & Communications was the largest semiconductor end-use market in 2024, accounting for 28.8% of the semiconductor market, as the deployment of 5G technology accelerates, internet penetration continues to expand, and demand for data centers grows. The automotive sector is slated to grow at a rapid CAGR during 2025 – 2032, driven by the increasing adoption of electric vehicles (EVs), advanced driver assistance systems (ADAS), and autonomous driving technology.

By Component

Memory Devices dominated the semiconductor market with a 33.4% share in 2024 and are expected to grow at the fastest CAGR from 2025 to 2032 due to the growing need for HPC, data storage solutions, and increased adoption in consumer electronics, data centers, and artificial intelligence. Cloud computing and 5G technology further increase the demand for high-performance memory solutions.

Regional Insights:

The semiconductor market was led by Asia Pacific and accounted for 38.2% of the total market share in 2024 owing to the major manufacturing hubs and increased consumption of consumer electronics.

North America is expected to experience the highest CAGR growth rate from 2025-2032, fueled by the progress of artificial intelligence, cloud computing, and self-driving cars. Flagship corporations, such as Intel, NVIDIA, and Qualcomm are spearheading the progress for high-performance computing, graphical processing, and 5G.

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Recent News:

In January 2025, Intel Foundry Services secured new defense clients, Trusted Semiconductor Solutions and Reliable MicroSystems, for its advanced 18A process under the U.S. DoD’s RAMP-C program.

Exclusive Sections of the Semiconductor Market Report (The USPs):

PERFORMANCE & TECHNICAL BENCHMARKS – helps you analyze advancements in touch response, resolution, and display accuracy across LCD, LED, and OLED technologies, providing clarity on how hardware innovations are enhancing real-time performance and user interaction quality.
APPLICATION-WISE ADOPTION TRENDS – helps you understand deployment dynamics across education, corporate, retail, healthcare, and hospitality sectors, highlighting where semiconductor-based display and touch technologies are witnessing the strongest uptake.
TECHNOLOGY PENETRATION & INSTALLATION INSIGHTS – helps you distinguish between new installations and retrofitted systems, offering visibility into market maturity levels and regional deployment expansion patterns.
CONNECTIVITY & SOFTWARE INTEGRATION INDEX – helps you evaluate the extent of integration with learning management systems, collaboration tools, and POS software, alongside growing adoption of wireless and cloud-based management solutions.
DIGITAL INTERACTIVITY & MULTI-TOUCH EVOLUTION – helps you track progress in multi-touch support, stylus precision, and latency reduction, critical indicators shaping the future of human–machine interface design.
COMPETITIVE TECHNOLOGY LANDSCAPE – helps you identify key innovators leading in display performance, connectivity advancements, and cross-platform integration, offering a clear view of emerging technology clusters and investment opportunities.

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