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Report Overview
The United Kingdom semiconductor market size reached around USD 13.12 Billion in 2024. The market is estimated to grow at a CAGR of 6.70% in the forecast period of 2025-2034, reaching a value of USD 25.09 Billion by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
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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.
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There are 23 semiconductor fabrication plants spread across the country, with some of the leading providers of semiconductor design and IP solutions.
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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.
United Kingdom Semiconductor Market Trends
Compound semiconductor technology is based on materials such as gallium nitride and outperforms silicon devices in terms of energy efficiency, size, and speed and is used to power transformational applications. According to the United Kingdom semiconductor market analysis, major autonomous and electric vehicle manufacturers, technology companies, and communication providers are adopting compound semiconductor technology to enhance the performance of their products and solutions.
Further, transition towards greener modes of transportation in the United Kingdom is boosting EV adoption in the country, which, in turn, is surging the usage of semiconductors. Investments to expand EV charging infrastructure in the country are expected to increase the ownership of electric vehicles. By 2030, the UK has planned on reaching 300,000 public electric vehicle charge points.
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 13.12 Billion in 2024.
The market is expected to grow at a CAGR of 6.70% in the forecast period of 2025-2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach a value of USD 25.09 Billion by 2034.
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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