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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
United Kingdom Semiconductor Market Size
The United Kingdom semiconductor market reached around USD 13.116 billion in 2023. The market is estimated to grow at a CAGR of 6.7% in the forecast period of 2024-2032, reaching a value of USD 18.188 billion by 2032.
Key Takeaways
- The UK has well-established material science R&D, design and manufacturing base with several applications in areas including 5G and electric vehicles, clean energy, and defence.
- There are 23 semiconductor fabrication plants spread across the country, with some of the leading providers of semiconductor design and IP solutions.
- The design and IP developed by UK manufacturers are leading to improvements in computing power and power management, enabling consumers to get access to powerful and energy-efficient technology.
Semiconductors are crucial components of modern electronic systems and are widely utilised in power electronic components such as switches and transistors and are the primary components of computer chips.
The rising adoption of electric vehicles (EVs) in the UK, driven by the need for sustainability, is surging the demand for semiconductors. Semiconductors are used in the automotive market as airbag sensors, in ABS break, automatic cars, and navigation work. The demand and popularity of automatic cars is expected to drive the semiconductor market. A large number of chips are available and used in these vehicles.
United Kingdom Semiconductor Market Report Snapshots
United Kingdom Semiconductor Market Size
United Kingdom Semiconductor Market Trends
United Kingdom Semiconductor Companies
*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.*
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Key Questions Answered in the Report
The market reached a value of USD 13.116 billion in 2023.
The market is expected to grow at a CAGR of 6.7% in the forecast period of 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 18.188 billion by 2032.
The key factors aiding the market growth include increasing demand for EVs, increasing adoption of 5G technology and smartphones, and growing sales of electronic devices.
The end uses include automotive, industrial, data centre, telecommunication, consumer electronics, aerospace and defence, healthcare, and others.
The different forms include ICs, optoelectronics, discrete semiconductors, and sensors.
The key players in the market include On Semiconductor Corporation, Horiba Ltd., Texas Instruments Incorporated, NXP Semiconductors N.V., Renesas Electronics Corporation, Intel Corporation, Samsung Electronics Co., Ltd, SK hynix Inc., Micron Technology, Inc., Qualcomm Incorporated, and Taiwan Semiconductor Manufacturing Company, Ltd., among others.
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