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- The global semiconductor market is projected to grow significantly in the coming years. In 2024, it is expected to reach $624 billion, growing by 16.8%1. The market size was valued at $527.88 billion in 2021 and is projected to grow to $1,380.79 billion by 2029, with Asia Pacific dominating the global market2. In February 2024, global semiconductor industry sales totaled $46.2 billion, showing a year-to-year growth of 16.3%3. The market is projected to continue growing at a CAGR of 7.7% between 2024 and 2032, reaching around $1,218.58 billion by 20324.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Global semiconductor revenue is projected to grow 16.8% in 2024 to total $624 billion, according to the latest forecast from Gartner, Inc. In 2023, the market is forecast to decline 10.9% and reach $534 billion.www.gartner.com/en/newsroom/press-releases/20…The semiconductor market size was valued at USD 527.88 billion in 2021 and is projected to grow from USD 573.44 billion in 2022 to USD 1,380.79 billion in 2029, exhibiting a CAGR of 12.2% during 2022-2029. Asia Pacific dominated the global market with a share of 54.92% in 2022.www.fortunebusinessinsights.com/semiconductor-…Year-to-year market growth in February is largest since May 2022; worldwide chip sales decrease 3.1% month-to-month WASHINGTON—April 3, 2024—The Semiconductor Industry Association (SIA) today announced global semiconductor industry sales totaled $46.2 billion during the month of February 2024, an increase of 16.3% compared to the February 2023 total of $39.7 billion but a decrease of ]www.semiconductors.org/news-events/latest-news/The global semiconductor market size reached approximately USD 625.05 billion in 2023. The market is projected to grow at a CAGR of 7.7% between 2024 and 2032, reaching a value of around USD 1,218.58 billion by 2032.www.expertmarketresearch.com/reports/semicond…
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