PUBLISHER: The Business Research Company | PRODUCT CODE: 1889572
PUBLISHER: The Business Research Company | PRODUCT CODE: 1889572
Semiconductor microelectronics is the industry focused on designing and manufacturing extremely small electronic components used in devices such as computers, smartphones, and other electronic gadgets. It involves producing miniature parts that control electrical currents to perform specific functions, enabling modern electronics to operate faster, more efficiently, and reliably. These components support the development of compact, high-performance, and cost-effective solutions that meet the demands of everyday technology and advanced electronic applications.
The main device types of semiconductor microelectronics are integrated circuits, microcontrollers, power devices, optoelectronics, and radio-frequency devices. Integrated circuits are miniaturized electronic circuits on a single semiconductor chip that perform specific functions in electronic devices. They use materials such as silicon, germanium, gallium arsenide, silicon carbide, and others and are deployed via on-premise systems, cloud platforms, edge devices, and hybrid environments. Applications include consumer electronics, automotive electronics, telecommunications, industrial and power electronics, and medical devices.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The rapid rise in U.S. tariffs and the subsequent trade frictions in spring 2025 are having a major impact on the electrical and electronics sector, with semiconductors, display panels, and rare-earth metals (essential for batteries and motors) subject to steep duties. Consumer electronics brands face profit erosion, as competitive markets limit their ability to pass costs to buyers. Industrial electronics manufacturers, meanwhile, grapple with delayed projects due to shortages of tariff-impacted components like printed circuit boards. Companies are responding by relocating assembly to tariff-exempt countries, increasing inventory buffers, and redesigning products to reduce dependency on restricted materials.
The semiconductor microelectronics market research report is one of a series of new reports from The Business Research Company that provides semiconductor microelectronics market statistics, including semiconductor microelectronics industry global market size, regional shares, competitors with a semiconductor microelectronics market share, detailed semiconductor microelectronics market segments, market trends and opportunities, and any further data you may need to thrive in the semiconductor microelectronics industry. This semiconductor microelectronics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The semiconductor microelectronics market size has grown strongly in recent years. It will grow from $73.79 billion in 2024 to $78.65 billion in 2025 at a compound annual growth rate (CAGR) of 6.6%. The growth during the historic period is attributed to the rising demand for consumer electronics, growing adoption of automotive electronics, increasing industrial automation, expansion of semiconductor fabrication facilities, and heightened investment in research and development.
The semiconductor microelectronics market size is expected to see strong growth in the next few years. It will grow to $100.17 billion in 2029 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to increasing automotive electrification, expansion of smart home and wearable electronics, rising government incentives for semiconductor manufacturing, growing focus on low-power and high-performance chips, and greater adoption of edge computing. Key trends in the forecast period include advancements in nanometer-scale fabrication, innovations in advanced logic and memory chips, developments in system-on-chip (SOC) integration, research and development in AI and machine learning chips, and progress in quantum and photonic semiconductors.
The growing demand for electric vehicles is expected to drive the semiconductor microelectronics market. Electric vehicles run on electric motors powered by rechargeable batteries, offering an alternative to traditional fossil-fuel vehicles. Their demand is increasing as consumers and governments prioritize cleaner transportation to reduce greenhouse gas emissions. Semiconductor microelectronics enable electric vehicles by providing efficient power management, advanced control systems, and enhanced performance capabilities. For instance, in October 2025, the International Energy Agency reported that global electric car sales exceeded 17 million units in 2024, over 20 percent of total car sales, and are projected to surpass 20 million units in 2025, accounting for more than one-quarter of worldwide car sales. Therefore, the rising demand for electric vehicles is supporting the growth of the semiconductor microelectronics market.
Major companies in the semiconductor microelectronics market are developing silicon carbide power semiconductor platforms to improve energy efficiency, durability, and performance in high-power electronic systems. Silicon carbide power semiconductor platforms use silicon carbide materials to enable faster switching, higher voltage tolerance, and lower energy losses in power conversion applications. In January 2025, Wolfspeed Inc., a US-based manufacturer of silicon carbide materials and devices, launched its Gen 4 MOSFET technology platform for high-power applications in automotive, industrial, and renewable energy systems. The platform reduces on-resistance by up to 21% and switching losses by up to 15%, improving efficiency and durability. It offers enhanced reliability with short-circuit withstand times up to 2.3 microseconds, reduced electromagnetic interference, and a broad voltage range, available in 750V, 1200V, and 2300V classes.
In October 2025, GS Microelectronics US, Inc. (GSME), a US-based provider of integrated circuit design, manufacturing, packaging, and testing solutions, acquired Muse Semiconductor for an undisclosed sum. GSME aims to expand globally and strengthen its semiconductor service portfolio by integrating Muse's multi-project wafer capabilities to accelerate chip prototyping and production across North America, Europe, and Asia. Muse Semiconductor is a US-based company providing semiconductor microelectronics through multi-project wafer services.
Major companies operating in the semiconductor microelectronics market are Broadcom Inc, Samsung Electronics Co Ltd, Intel Corporation, ASML Holding NV, Micron Technology Inc, Applied Materials Inc, KLA Corporation, Qualcomm Incorporated, Tokyo Electron Limited, Texas Instruments Incorporated, Analog Devices Inc., NXP Semiconductors NV, Teradyne Inc, Lam Research Corporation, Entegris Inc., Kyocera Corporation, Shin-Etsu MicroSi Inc., SCREEN Semiconductor Solutions Co. Ltd., Advantest Corporation, JSR Corporation, DuPont de Nemours Inc., BASF SE, Honeywell Electronic Materials, Dow Corning Corporation, Brewer Science Inc., W. L. Gore & Associates Inc., PiBond Oy, and SK Hynix Inc
Asia-Pacific was the largest region in the semiconductor microelectronics market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the semiconductor microelectronics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the semiconductor microelectronics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The semiconductor microelectronics market consists of sales of memory chips, transistors, diodes, sensors, system-on-chip (SoC) devices, microcontrollers, analog and digital circuits, and other semiconductor components. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Semiconductor Microelectronics Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on semiconductor microelectronics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for semiconductor microelectronics ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The semiconductor microelectronics market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.