U.S. Semiconductor Market Insights Forecasts to 2032

• The U.S. Semiconductor Market Size was valued at USD 75.3 Billion in 2022.
• The Market Size is Growing at a CAGR of 6.1% from 2022 to 2032.
• The U.S. Semiconductor Market Size is expected To Reach USD 136.9 Billion by 2032.

The U.S. Semiconductor Market Size is expected to reach USD 136.9 Billion by 2032, at a CAGR of 6.1% during the forecast period 2022 to 2032.

Market Overview

Semiconductors power a wide range of devices, from smartphones to data centers, and are at the forefront of 21st-century revolutionary technologies such as artificial intelligence, 5G, and the Internet of Things. The semiconductor market in the United States is critical in the ever-expanding digital age, fueling economic growth and fostering technological advancements. Semiconductors, the small but powerful components that power our modern world, power everything from smartphones to autonomous vehicles and everything in between. This critical industry includes research, design, manufacture, and distribution, and it is responsible for the continuing evolution of electronics. The semiconductor market in the US remains a global leader, marked by tough competition, relentless R&D, and a commitment to defining the future of technology. As the digital age continues, the US semiconductor industry, which serves as the backbone of the tech-driven world, is on track for growth and transition.

Report Coverage

This research report categorizes the market for U.S. Semiconductor Market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the U.S. Semiconductor Market. Recent market developments and competitive strategies such as expansion, product launch, and 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 sub-segments of the U.S. Semiconductor Market.

Driving Factors

The semiconductor market in the United States is a dynamic and essential area in the technological landscape. It is a global leader in semiconductor innovation, which is the foundation of the digital age. This industry includes a full supply chain, from research and development to manufacture and distribution. Semiconductors power a wide range of gadgets, including smartphones and computers, as well as complex equipment and automotive systems. The semiconductor market in the United States lives on constant research and development, competition, and adaptation. It is a driving force behind technology breakthroughs ranging from artificial intelligence to the Internet of Things, which underpins our current digital environment. With its ongoing significance, the semiconductor market in the United States continues to lead the way in creating the future of technology.

Market Segment

• In 2022, the MPU segment accounted for the largest revenue share of more than 37.8% over the forecast period.

On the basis of Component, the U.S. Semiconductor Market is segmented into MPU, MCU, Sensors, Analog IC, Logic Devices, Memory Devices, Discrete Power Devices, Other. Among these, the MPU segment is dominating the market with the largest revenue share of 37.8% over the forecast period. With the increasing demand for powerful processors in applications such as artificial intelligence, cloud computing, and edge devices, the MPU segment continues to hold a significant share of the market. MPU, or Microprocessing Units, are at the heart of computing devices, serving as the brain of computers, smartphones, and other electronic devices. They are responsible for executing instructions and managing various functions within a device.

• In 2022, the Silicon Carbide segment is highest the largest CAGR over the forecast period.

On the basis of Application, the U.S. Semiconductor Market is segmented into Copper Indium Gallium Selenide, Gallium Manganese Arsenide, Molybdenum Disulfide, Silicon Carbide, Others. Among these segments, the Silicon Carbide segment dominates the largest market share over the forecast period, due to its versatility and widespread use. SiC is used in power electronics, high-frequency applications, and electric vehicles. It is particularly valuable in applications that require high efficiency and reduced energy losses, making it a critical material for emerging technologies.

• In 2022, the Consumer Electronics segment accounted for the largest revenue share of more than 34.2% over the forecast period.

On the basis of End-User, the U.S. Semiconductor Market is segmented into Automotive, Industrial, Data Centre, Telecommunication, Consumer Electronics, Aerospace and Defense, Healthcare, Others. Among these, the Consumer Electronics segment is dominating the market with the largest revenue share of 34.2% over the forecast period, due to the widespread use of semiconductors in smartphones, computers, and data center infrastructure. Consumer electronics encompass a wide range of devices, such as smartphones, laptops, tablets, and smart home appliances. Semiconductors power these devices, enabling functionalities like video processing, AI, and connectivity. The consumer electronics segment is characterized by rapid innovation and short product lifecycles.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the U.S. Semiconductor 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

• Broadcom, Inc.
• Intel Corporation
• Maxim Integrated Products, Inc.
• Micron Technology
• NVIDIA Corporation
• AMD
• IBM
• Qualcomm
• Analog Devices, Inc.
• Applied Materials, Inc.
• Texas Instruments
• Teradyne, Inc.

Key Target Audience

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

Recent Development

• On May 2023, Micron Technology, Inc. announced that it would introduce Extreme ultraviolet (EUV) technology, a complex patterning technique to produce its 1-gamma node DRAM. Due to the importance of its Hiroshima fab in the company's development of the 1-gamma node, Micron will be the first semiconductor manufacturer to introduce EUV technology to Japan for manufacturing. In the following years, Micron anticipates investing up to JPY 500 billion in 1-gamma process technology, with solid backing from the Japanese government, to support the next wave of end-to-end technological innovation, including the quickly developing generative artificial intelligence (AI) applications.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2021 to 2032. Spherical Insights has segmented the U.S. Semiconductor Market based on the below-mentioned segments:

U.S. Semiconductor Market, By Component

• MPU
• MCU
• Sensors
• Analog IC
• Logic Devices
• Memory Devices
• Discrete Power Devices
• Others

U.S. Semiconductor Market, By Material

• Copper Indium Gallium Selenide
• Gallium Manganese Arsenide
• Molybdenum Disulfide
• Silicon Carbide
• Others

U.S. Semiconductor Market, By Component

• Automotive
• Industrial
• Data Centre
• Telecommunication
• Consumer Electronics
• Aerospace and Defense
• Healthcare
• Others