United States Semiconductor Market By Component (Memory Devices, Logic Devices, Analog IC, MPU, MCU, Sensors, Discrete Power Devices, Others), By Node Size (28nm, 40nm, 65nm, 90nm, 120nm, 130nm), By Application (IT & Telecommunication, Defense and Military, Industrial, Consumer Electronics, Automotive, Others), By Type (Intrinsic Semiconductor and Extrinsic Semiconductor), By Material Type (Silico
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationUnited States Semiconductor Market By Component (Memory Devices, Logic Devices, Analog IC, MPU, MCU, Sensors, Discrete Power Devices, Others), By Node Size (28nm, 40nm, 65nm, 90nm, 120nm, 130nm), By Application (IT & Telecommunication, Defense and Military, Industrial, Consumer Electronics, Automotive, Others), By Type (Intrinsic Semiconductor and Extrinsic Semiconductor), By Material Type (Silico
United States semiconductor market is expected to grow with a steady CAGR for the forecast period, 2024-2028
Moreover, the
Semiconductors refer to substances that possess electrical conductivity properties, falling between conductors and insulators. In business and technology, semiconductors play a pivotal role in the development and production of electronic devices.
Semiconductors have revolutionized various industries, including telecommunications, computing, consumer electronics, and renewable energy. They pave the way for advancements in miniaturization, efficiency, and performance of electronic devices, driving innovation and enhancing functionality across a wide range of applications.
The emergence of advanced technologies like the Internet of Things, artificial intelligence, cloud computing, and big data analytics is expected to create lucrative opportunities for the growth of the United States semiconductor market. The rise in demand for faster and advanced memory chips for industrial applications and the use of technologies to process large amounts of data in minimal time significantly contributes to market growth.
Drivers for the Semiconductor Market
Technological Advancements
The semiconductor industry has been significantly impacted by technological development and the integration of technology in the new digital environment. The need for systems on a chip (SOCs) with the greatest possible functional integration has led to an increase in the number of semiconductor intellectual property (IP) cores. Moreover, semiconductor memory IP has been directly impacted by the demand for high-performance memory systems. The development of increasingly complicated semiconductors that can support intensive memory operations is being driven by the desire for quicker and more effective memory solutions. Advancements in technology lead to an increase in demand and the development of more powerful, lighter, and smaller semiconductors. The integration of technology in the new digital ecosystem has opened up new opportunities for semiconductor manufacturers and suppliers. Technologies such as AI, 5G, cloud computing, IoT, and machine learning are driving the long-term requirement for semiconductors. The integration of technology in the new digital ecosystem has had a major impact on the semiconductor industry.
Growing Consumption
The consumption of electronic goods across the United States is constantly increasing due to the rising demands from consumers for goods and services. The semiconductor market in the United States has experienced an unmatched surge in demand for electronics across various industries, driving exponential growth in the sector. The consumer electronics industry stands as a major catalyst, with the ubiquitous presence of smartphones, tablets, laptops, and smartwatches becoming essential components of daily life. Advancements in display technologies, processing power, and connectivity have fueled the need for cutting-edge semiconductors that can meet the ever-evolving consumer demands.
Furthermore, the rapid expansion of the Internet of Things (IoT) has led to an explosion of connected devices, permeating everything from smart homes and wearables to industrial automation and healthcare monitoring. As IoT applications continue to flourish, the reliance on semiconductors for data processing, wireless communication, and efficient performance has grown exponentially, further boosting demand. The automotive industry has also undergone a technological revolution, with the rise of electric vehicles (EVs) and advanced driver-assistance systems (ADAS). Modern vehicles are equipped with a plethora of electronic components, and semiconductor chips play a pivotal role in managing battery systems, powering infotainment systems, processing sensor data, and enabling autonomous driving capabilities.
Rapid Stepping up Toward Industry 4.0 and Access of Industry 5.0
Industry 4.0 has the potential to increase efficiency, decrease waste, improve product quality, enhance manufacturing flexibility, reduce operating expenses, and unlock numerous efficiencies. Vision equipment, which utilizes data analytics technologies to access large datasets for identifying and evaluating issues in defective products, is one of the most significant developments in Industry 4.0. Industry 5.0 signals the end of the traditional one-size-fits-all manufacturing model by enabling even more customization to meet customer requirements. By enabling manufacturers to overcome design complexities and better incorporate customer expectations into the design process, automation advances manufacturing capabilities. Industry 5.0 represents the next phase of human-machine cooperation, combining human knowledge and high-level mental processing to ensure the highest levels of efficiency, safety, and environmental security in manufacturing. These elements will ignite the development of machine vision systems in the semiconductor industry.
Rapid Growth in the EV Sector
The automotive industry's evolution towards electric vehicles (EVs) and autonomous driving capabilities has been a significant driver for the semiconductor market. The electric vehicle (EV) market has grown rapidly in recent years and is expected to continue to grow at a fast pace in the coming years. In recent years, the cost of electric vehicles has been comparatively high due to the high manufacturing cost. The growth of new startups in the electric vehicle segment has brought new innovative ideas and technologies that have helped in reducing the production cost of vehicle electrification. This has resulted in consumers shifting their focus to the electric vehicle segment, especially in cities where gas emissions, congestion, and mobility problems are raising the demand for new features in cars. The use of semiconductors has enabled the replacement of manual systems with electric systems. Electrification of vehicles offers additional benefits such as reduced carbon emissions and increased fuel mileage. Additionally, advanced driver-assistance systems (ADAS) and in-car infotainment systems rely on semiconductors for functionality and safety.
Furthermore, numerous companies are investing in promoting electric vehicles (EVs) due to increased cost competitiveness with conventional gas vehicles and improved vehicle ranges. For instance, General Motors aims to invest USD35 billion for EVs and self-driving by 2025 and build four lithium-ion battery factories, while Ford will invest USD29 billion. Similarly, vehicle manufacturers and battery makers plan to invest USD860 billion globally by 2030 in the transition to EVs, with nearly a quarter, USD210 billion, headed for the United States. They have also announced that U.S. investments in EVs have totalled more than USD150 billion, with over half of the USD210 billion of announced investment made in the U.S. allocated for specific EV-related projects in 2021.
Thus, with the growing investment in the EV industry, the U.S. semiconductor industry is likely to expand in the coming years.
United States Semiconductor MarketTrends
The United States semiconductor market is witnessing several transformative trends that are shaping the future, with the current trend of digital transformation. The rapid expansion of the Internet of Things (IoT) has led to an explosion of connected devices, permeating everything from smart homes and wearables to industrial automation and healthcare monitoring. As IoT applications continue to flourish, the reliance on semiconductors for data processing, wireless communication, and efficient performance has grown exponentially, further boosting demand. The automotive industry has also undergone a technological revolution, with the rise of electric vehicles (EVs) and advanced driver-assistance systems (ADAS). Modern vehicles are equipped with a plethora of electronic components, and semiconductor chips play a pivotal role in managing battery systems, powering infotainment systems, processing sensor data, and enabling autonomous driving capabilities. Simultaneously, the healthcare sector has experienced significant advancements in medical devices and technologies, all propelled by semiconductors. From medical imaging equipment and wearable health devices to diagnostic tools and remote patient monitoring, these innovative applications rely on semiconductor chips to deliver accurate and real-time data for critical medical decisions. Data centers and cloud computing services have witnessed explosive growth to accommodate the ever-increasing demand for digital services and storage. This boom has spurred the requirement for high-performance semiconductors to power data processing, handle massive amounts of information, and ensure seamless cloud-based services.
United States Semiconductor MarketChallenges
The US semiconductor market, despite its significant growth and global prominence, faces several challenges that impact its competitiveness and sustainability. These challenges stem from various factors. One of the primary challenges faced by the US semiconductor market is increasing competition from other countries, particularly in Asia. Nations like China, South Korea, Taiwan, and Japan have made substantial investments in their semiconductor industries, fostering innovation and production capabilities. This has led to the emergence of formidable competitors that offer competitive pricing and advanced technologies. Another challenge is the high cost associated with building and operating semiconductor fabrication facilities (fabs). Establishing advanced fabs requires massive capital investments, and the process involves complex technological expertise. Smaller semiconductor companies may find it challenging to enter this arena, limiting their ability to compete with industry giants. Additionally, the talent gap in the semiconductor industry is also a significant concern; the demand for skilled engineers, designers, and technicians far exceeds the found at talent. By tackling these challenges proactively, the US semiconductor market can maintain its position as a global leader and continue driving technological advancements that shape the future of electronics and digital innovation.
Market Segments
United States
Market Players
United States semiconductor market players include
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| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | By Component By Node Size By Application By Type By Material Type By Region |
| Regional Scope | North Region, North East Region, South East Region, South Region, Mid-West Region |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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