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Semiconductor And Related Devices Industry Outlook 2025-2029: Market Set to Cross $857.99 Billion Milestone

11-10-2025 07:31 AM CET | IT, New Media & Software

Press release from: The Business Research Company

Semiconductor And Related Devices Market

Semiconductor And Related Devices Market

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How Large Will the Semiconductor And Related Devices Market Size By 2025?
The market size for semiconductor and related devices has shown a vigorous expansion in the last few years. The growth is projected to escalate from $558.74 billion in 2024 to $604.57 billion in 2025, representing an annual compounded growth rate of 8.2%. The growth during the historical period is largely due to the heightened demand for consumer electronics, the thriving automotive industry, the pressing needs of industrial automation, the demands in networking and connectivity, as well as the advent of renewable energy technologies.

How Big Is the Semiconductor And Related Devices Market Size Expected to Grow by 2029?
Forecast for the semiconductor and related devices market indicates a robust expansion on the horizon. By 2029, this market is estimated to reach a size of $857.99 billion, multiplying at a compound annual growth rate (CAGR) of 9.1%. Factors driving this unprecedented growth extend to everything from 5G network rollouts, expansion of IoT and edge computing, the rise of electric and self-driving cars, to the usage of AI and machine learning in distinct applications and advancements in medical electronics and healthcare technologies. Key trends identified for the forecast period involve increased demand for automotive semiconductors, amalgamation of IoT and wearable devices, the emergence of tailored and specialized chips, and readiness to face geopolitical challenges, fostered along by global collaboration and partnerships.

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Which Key Market Drivers Powering Semiconductor And Related Devices Market Expansion and Growth?
The growth of the semiconductor and related devices market is fueled by the escalating usage of mobile phones, tablets, and other electronic devices combined with increasing data utilization. As the sales of digital devices like smartphones and tablets are on the rise, the generation and consumption of digital data also increase, necessitating the need for memory chips to store this data. For example, a report by Us witch Limited, a United Kingdom-based online and telephone comparison and switching service, revealed in February 2023 that the active mobile connections in 2022 were 71.8 million, marking an increase of 3.8% compared to 2021. Projections for 2025 indicate that out of an estimated UK population of 68.3 million, 95% will have smartphones. Thus, the expanding smartphone usage is predicted to propel the growth of the semiconductor and related devices market.

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What Trends Will Shape the Semiconductor And Related Devices Market Through 2029 and Beyond?
Prominent businesses in the semiconductor and related devices industry are pursuing new technological advancements such as commercial MCU (microcontroller unit) chips to boost efficacy and performance in diverse applications. A commercial MCU chip is a microcontroller crafted for commercial use, generally integrated into diverse electronic systems and devices. In the context, Mindgrove Technologies, a semiconductor design company based in India, introduced Secure IoT in May 2024, marking India's first commercially high-performing microcontroller unit (MCU) chip. This chip, constructed using the RISC-V architecture and capable of operating at 700 MHz, is intended for multiple applications like wearables, smart city infrastructure, and smart home devices. Despite its extensive features like programmability, flexibility, and improved security, the Secure IoT chip's pricing is 30% less than comparable alternatives in the market. The goal of this innovative chip is to substitute millions of foreign chips in India, thereby fostering self-sufficiency in semiconductor production.

What Are the Emerging Segments in the Semiconductor And Related Devices Market?
The semiconductor and related devices market covered in this report is segmented -

1) By Product Type: Integrated Circuits, Memory Chips, Microprocessors, Other Product Types
2) By Type: Intrinsic Semiconductor, Extrinsic Semiconductor
3) By End-Use Industry: Information Technology, Aerospace & Defense, Consumer Electronics, Automotive, Healthcare, Other End-Users

Subsegments:
1) By Integrated Circuits: Analog Integrated Circuits, Digital Integrated Circuits, Mixed-Signal Integrated Circuits
2) By Memory Chips: Dynamic Random Access Memory (DRAM), Static Random Access Memory (SRAM), Flash Memory
3) By Microprocessors: General-Purpose Microprocessors, Application-Specific Integrated Circuits (ASICs), Digital Signal Processors (DSPs)
4) By Other Product Types: Discrete Semiconductors, Sensors, Power Semiconductors

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Who Are the Global Leaders in the Semiconductor And Related Devices Market?
Major companies operating in the semiconductor and related devices market include Samsung Electronics Co. Ltd., Sony Corporation, Taiwan Semiconductor Manufacturing Company Ltd., Intel Corporation, Qualcomm Incorporated, SK Hynix Inc., Broadcom Inc., Micron Technology Inc., Fujitsu Microelectronics Asia Pacific Limited, NVIDIA Corporation, Advanced Micro Devices Inc., Toshiba Corporation, Texas Instruments Incorporated, Western Digital Corporation, MediaTek Inc., STMicroelectronics N.V., Infineon Technologies AG, Transcend Information Inc., NXP Semiconductors N.V., Analog Devices Inc., Renesas Electronics Corporation, KLA Corporation, AU Optronics Corp., Semiconductor Manufacturing International Corporation, Marvell Technology Group Ltd., SolarEdge Technologies Inc., Tower Semiconductor Ltd., Mellanox Technologies Ltd., ON Semiconductor Corporation, Maxim Integrated Products Inc., Cypress Semiconductor Corporation

Which are the Top Profitable Regional Markets for the Semiconductor And Related Devices Industry?
Asia-Pacific was the largest region in the semiconductor and related devices market in 2024. North America was the second-largest region in the global semiconductor and related devices market share. The regions covered in the semiconductor and related devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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