United States Semiconductor Devices Market Insights Forecasts to 2033

• The United States Semiconductor Devices Market Size was valued at USD 8.50 Billion in 2023.
• The Market Sizeis growing at a CAGR of 7.89% from 2023 to 2033
• The United States Semiconductor Devices Market Size is Expected to Reach USD 18.17 Billion by 2033

The United States Semiconductor Devices Market Size is Anticipated to Exceed USD 18.17 Billion by 2033, growing at a CAGR of 7.89% from 2023 to 2033.

Market Overview

The United States semiconductor devices market refers to the industry involved in the design, manufacturing, and distribution of semiconductor components used in various electronic applications. Semiconductor devices serve as the foundation for modern electronics, powering industries such as telecommunications, automotive, healthcare, consumer electronics, and industrial automation. The increasing demand for high-performance computing, artificial intelligence (AI), and the Internet of Things (IoT) has driven significant growth in this sector. Several factors contribute to market expansion, including advancements in semiconductor fabrication technology, the proliferation of 5G networks, and the growing adoption of electric vehicles (EVs). The increasing integration of AI and machine learning in various applications has further accelerated the demand for advanced semiconductor devices. Additionally, the shift toward digitalization and smart infrastructure has strengthened the need for efficient and high-capacity semiconductor solutions. Government initiatives play a crucial role in shaping the market. The CHIPS and Science Act, signed into law, aims to boost domestic semiconductor manufacturing by providing substantial funding and incentives for research and production. Strategic investments in semiconductor supply chain resilience and partnerships with private sector stakeholders have been prioritized to reduce dependence on foreign suppliers. These efforts are expected to support sustained market growth.

Report Coverage

This research report categorizes the market for the United States semiconductor devices market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United States semiconductor devices market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each United States semiconductor devices market sub-segment.

Driving Factors

The United States semiconductor devices market is driven by increasing demand for advanced electronic components across industries such as telecommunications, automotive, healthcare, and consumer electronics. The rapid expansion of 5G networks, artificial intelligence (AI), and Internet of Things (IoT) applications has significantly accelerated semiconductor adoption. Additionally, the rising production of electric vehicles (EVs) and advancements in autonomous driving technology have fueled demand for high-performance semiconductor chips. Government support through the CHIPS and Science Act, aimed at strengthening domestic semiconductor manufacturing and supply chain resilience, has further propelled market growth. Increasing investments in R&D and fabrication facilities continue to enhance innovation and production capabilities.

Restraining Factors

The United States semiconductor devices market faces challenges such as high manufacturing costs, supply chain disruptions, and a shortage of skilled workforce. Dependence on raw material imports and geopolitical tensions further impact market stability. Additionally, the complexity of semiconductor fabrication and rising research and development costs pose barriers to industry expansion.

Market Segment

The U.S. semiconductor devices market share is classified into compound and product.

• The SiC segment is expected to hold the largest market share through the forecast period.

The US semiconductor devices market is segmented by compound into GaN, GaAs, GaP, GaSb, and SiC. Among these, the SiC segment is expected to hold the largest market share through the forecast period. SiC semiconductors offer superior properties such as higher thermal conductivity, greater energy efficiency, and enhanced performance in high-power and high-temperature applications. These advantages make SiC a preferred choice for electric vehicles (EVs), renewable energy systems, and power electronics.

• The optoelectronics segment is expected to hold the largest market share through the forecast period.

The US semiconductor devices market is segmented by product into LED, optoelectronics, RF devices, power electronics, and others. Among these, the optoelectronics segment is expected to hold the largest market share through the forecast period. his dominance is driven by the increasing demand for high-performance optical communication systems, advanced display technologies, and energy-efficient lighting solutions. The rapid expansion of 5G networks, fiber-optic communication, and automotive LiDAR systems has further propelled the adoption of optoelectronic semiconductor devices.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United States semiconductor devices market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Samsung Semiconductor, Inc.
• Qorvo, Inc.
• Skyworks Solutions, Inc.
• Intel Corporation
• Texas Instruments Incorporated
• Broadcom Inc.
• WOLFSPEED, INC.
• Analog Devices, Inc.
• Microchip Technology Inc.
• MACOM Technology Solutions Holdings, Inc.
• GlobalFoundries Inc.
• GPD Optoelectronics Corp.
• NTE Electronics, Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In April 2024, Qorvo, Inc. introduced four 1200V SiC modules - two full-bridge and two half-bridges-in a compact E1B package with RDS (on) starting at 9.4m. These SiC modules are ideal for energy storage, electric vehicle charging stations, industrial power supplies, and solar power applications.

Market Segment

This study forecasts regional and country revenue from 2022 to 2033. Spherical Insights has segmented the United States semiconductor devices market based on the below-mentioned segments:

United States Semiconductor Devices Market, By Compound

• GaN
• GaAs
• GaP
• GaSb
• SiC

United States Semiconductor Devices Market, By Product

• LED
• Optoelectronics
• RF Devices
• Power Electronics
• Others