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South Korea Semiconductor Market Share, Size, Analysis: By Component: Memory Devices, Logic Devices, Analogue IC, OSD, Micro-Component; By Application: Automotive, Industrial, Data Centre, Telecommunication, Consumer Electronics, Aerospace and Defence, Healthcare, Others; Market Dynamics; Competitive Landscape; 2024-2032
South Korea Semiconductor Market Size
The South Korea semiconductor market reached around USD 115.69 billion in 2023. The market is projected to grow at a CAGR of 7.9% between 2024 and 2032, reaching almost USD 230.40 billion by 2032.
South Korea Semiconductor Market Outlook
- In February 2024, South Korea witnessed a 65.3% surge in semiconductor production, the highest since late 2009.
- South Korea accounts for 60% of the global production of NAND and DRAM memory chips.
- Major market players seek to boost wafer production capabilities to overtake TSMC and strengthen domestic supply chains.
South Korea Semiconductor Market Growth
South Korea exported $129 billion of semiconductor goods in 2022, which constituted nearly 19% of its overall exports. As the United States and China bolster their investment plans and revise their legal frameworks for semiconductor production, South Korea is expected to introduce various initiatives to increase the competitiveness of the market. This includes an investment worth $470 billion for establishing the world’s largest mega cluster for semiconductors, in partnership with SK Hynix and Samsung Electronics. Spread across an area of 52,000 acres, this facility is expected to consist of several R&D and production facilities for semiconductors.
Increasing production of AI chips is expected to emerge as one of the key market trends. Emerging technologies such as generative AI are likely to propel the demand for system semiconductors in South Korea. To boost its global competitiveness, South Korea is making investments worth $6.8 billion by 2027 to expand its production capabilities and overcome its technological inefficiencies when compared with American and Chinese semiconductor chips. South Korean chips’ technology level lags behind American chips, accounting for only 86.0% of the 100% efficiency provided by the latter. Hence, technological advancements are likely to bolster the market in the coming years.
South Korea Semiconductor Industry Segmentation
South Korea Semiconductor Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Component
- Memory Devices
- Logic Devices
- Analogue IC
- OSD
- Micro-Component
Market Breakup by Application
- Automotive
- Industrial
- Data Centre
- Telecommunication
- Consumer Electronics
- Aerospace and Defence
- Healthcare
- Others
South Korea Semiconductor Market Share
Based on application, the market is categorised into automotive, industrial, data centre, telecommunication, consumer electronics, aerospace and defence, and healthcare, among others. Industrial application of semiconductors is expected to dominate the market in the forecast period as South Korea strives to become a leading country for advanced technology and tries to bridge the gap existing between its technology level with those of countries like the USA and China.
Leading Companies in the South Korea Semiconductor Market
The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and capacity expansion.
- Samsung Electronics Co., Ltd.
- SK HYNIX INC.
- DB HITEK
- Magnachip Semiconductor Corporation
- LS ELECTRONIS
- Others
Major players in the market are engaging in research and development activities to drive advancements and innovations in semiconductor technology.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Component |
|
| Breakup by Application |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 South Korea Semiconductor Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Semiconductor Historical Market (2018-2023)
8.3 Asia Pacific Semiconductor Market Forecast (2024-2032)
8.4 Asia Pacific Semiconductor Market Share by Country
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 ASEAN
8.4.5 Australia
8.4.6 South Korea
8.4.7 Others
9 South Korea Semiconductor Market Overview
9.1 Key Industry Highlights
9.2 South Korea Semiconductor Historical Market (2018-2023)
9.3 South Korea Semiconductor Market Forecast (2024-2032)
10 South Korea Semiconductor Market by Component
10.1 Memory Devices
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Logic Devices
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Analogue IC
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 OSD
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Micro-Component
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
11 South Korea Semiconductor Market by Application
11.1 Automotive
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Industrial
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Data Centre
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Telecommunication
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Consumer Electronics
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Aerospace and Defence
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
11.7 Healthcare
11.7.1 Historical Trend (2018-2023)
11.7.2 Forecast Trend (2024-2032)
11.8 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators of Demand
12.4 Key Indicators of Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Samsung Electronics Co., Ltd.
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 SK HYNIX INC.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 DB HITEK
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Magnachip Semiconductor Corporation
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 LS ELECTRONIS
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Semiconductor Market: Key Industry Highlights, 2018 and 2032
2. South Korea Semiconductor Market: Key Industry Highlights, 2018 and 2032
3. South Korea Semiconductor Historical Market: Breakup by Component (USD Billion), 2018-2023
4. South Korea Semiconductor Market Forecast: Breakup by Component (USD Billion), 2024-2032
5. South Korea Semiconductor Historical Market: Breakup by Application (USD Billion), 2018-2023
6. South Korea Semiconductor Market Forecast: Breakup by Application (USD Billion), 2024-2032
7. South Korea Semiconductor Market Structure
Key Questions Answered in the Report
The market was valued at nearly USD 115.69 billion in 2023.
The market is projected to grow at a CAGR of 7.9% between 2024 and 2032.
The market is assessed to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 230.40 billion in 2032.
The different components of semiconductors include the memory devices, logic devices, analogue IC, OSD, and micro-component.
The different applications of semiconductors are automotive, industrial, data centre, telecommunication, consumer electronics, aerospace and defence, and healthcare, among others.
The key market players are Samsung Electronics Co., Ltd., SK HYNIX INC., DB HITEK, Magnachip Semiconductor Corporation, and LS ELECTRONIS, among others.
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