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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
United States Semiconductor Market Size
The United States semiconductor market reached USD 79.50 billion in 2023. The market is expected to grow at a CAGR of 8.7% between 2024 and 2032, reaching almost USD 167.92 billion by 2032.
Key Takeaways:
- In 2023, Texas ranks second in the U.S. for semiconductor manufacturing firms, according to the Office of the Texas Governor, supporting the nation's semiconductor market growth.
- In 2021, California led U.S. semiconductor exports with $11.2 billion, as noted by the U.S. Semiconductor Industry Association.
- According to the 2022 report from the U.S. Semiconductor Industry Association, U.S. semiconductor exports hit $62 billion in 2021, thus boosting the United States semiconductor market.
A semiconductor is a substance that exhibits a conductivity level between that of conductors and insulators, essential in the development of modern electronic devices. Intrinsic and extrinsic semiconductors are commonly used types with varying capacities to conduct electrical charges.
As per the United States semiconductor market report, these semiconductors are utilized in various industries such as computing, telecommunications, aerospace, medical technology, automotive, defence, and robotics, acting as vital elements in a wide array of electronic devices like microprocessors, transistors, diodes, and integrated circuits (ICs).
As per the 2022 State of the U.S. Semiconductor Industry Association report, semiconductor exports from the U.S. reached $62 billion in 2021, ranking as the fourth highest among U.S. exports, following aeroplanes, refined oil, and crude oil. The semiconductor industry in the U.S. also contributed to supporting 1.84 million jobs in the country in 2021, thereby contributing significantly to the United States semiconductor market growth.
United States Semiconductor Market Report Snapshots
United States Semiconductor Market Size
United States Semiconductor Market Trends
United States Semiconductor Manufacturers
United States Semiconductor Market Regional Analysis
*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 was valued at USD 79.50 billion in 2023.
The market is projected to grow at a CAGR of 8.7% between 2024 and 2032.
The revenue generated from the market is expected to reach USD 167.92 billion in 2032.
The United States semiconductor market growth is driven by factors such as environmental considerations, the needs of defence and aerospace industries, advancements in technology, and the increasing demand for consumer electronics.
The market is categorised according to its products, which include sensors/MEMS, microprocessors, optoelectronics, memory, analog/RF/mixed-signal, discrete and others.
The market key players are Intel Corporation, Samsung Corporation, NVIDIA Corporation, Texas Instruments Incorporated, Broadcom Inc., Micron Technology, Inc., Qualcomm Technologies, Inc., NXP Semiconductors, Infineon Technologies AG, and Advanced Micro Devices, Inc. among others.
Based on the application, the market is divided into automotive, telecommunication, consumer electronics, aerospace, and defence, industrial, and healthcare.
The major market areas include New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
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30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124