North America Semiconductors Market Outlook, 2029

The North America Semiconductors Market is segmented into By Device type (Memory Device, Logic Semiconductors, Microprocessor Unit, Analog IC, Op to Semiconductor, Discrete Semiconductor, Power Semiconductor, Micro Controller Unit, Digital Signal Processors, Semiconductor Sensors), By Application (Networking & Communications, Data Centre/ Data Processing, Consumer Electronics, Industrial, Automotive, Government, Healthcare, Aerospace and Defence, Others).

The North America Semiconductor market is anticipated to add to more than USD 90 Billion by 2024–2029 due to dominance in tech innovation

Semiconductors Market Market Analysis

The constant demand for innovative consumer electronic devices, including smartphones, tablets, laptops, and smart appliances, fuels the need for advanced semiconductors. North America is a significant consumer of electronic products, contributing to a steady demand for semiconductor components. The automotive sector in North America is a major consumer of semiconductors, with increasing demand for advanced driver-assistance systems (ADAS), infotainment systems, electric vehicles (EVs), and connectivity solutions. The integration of semiconductor technologies enhances vehicle performance, safety, and efficiency. The rollout of 5G networks and the adoption of 5G-enabled devices drive the demand for semiconductors in North America. The transition to 5G technology requires advanced semiconductor components for telecommunications infrastructure and devices. The growth of AI and ML applications in North America, ranging from data centres to edge devices, fuels the demand for specialised semiconductor solutions. Graphics processing units (GPUs) and accelerators are essential for handling complex computations in AI and ML tasks. The expansion of cloud computing services and data centres in North America increases the demand for semiconductors. Data centre infrastructure relies on semiconductor technologies for processing, storage, and networking capabilities. The increasing adoption of IoT devices in homes, industries, and smart cities contributes to the demand for semiconductors. Sensors, microcontrollers, and connectivity solutions are integral to IoT applications. The healthcare sector in North America relies on semiconductor technologies for medical imaging devices, diagnostic equipment, and wearable health devices. The growing emphasis on healthcare technology and digital health drives semiconductor demand.

According to the research report, “North America Semiconductor Market Outlook, 2028,” published by Bonafide Research, the North America Semiconductor market is anticipated to add to more than USD 90 Billion by 2024–2029. North America, particularly the United States, is a major hub for semiconductor manufacturing and innovation. The region is home to several leading semiconductor companies and research institutions. Silicon Valley, located in the southern part of the San Francisco Bay Area in California, is renowned as a global centre for technology and innovation. Many semiconductor startups and established companies have emerged from Silicon Valley, contributing to advancements in semiconductor technologies. Semiconductors from North America find applications in diverse sectors, including consumer electronics, telecommunications, automotive, healthcare, aerospace, and industrial automation. The versatility of semiconductor technologies contributes to their widespread use across various industries. The region is actively involved in quantum computing research. Several companies and research institutions are exploring the potential of quantum processors, which have the potential to revolutionise computing capabilities. Semiconductor companies in North America often collaborate with major technology giants such as Apple, Google, Microsoft, and Amazon. These collaborations drive advancements in semiconductor technologies and their integration into consumer devices and cloud computing infrastructure. North America is home to numerous fabless semiconductor companies. These companies focus on designing semiconductor components without engaging in the actual manufacturing process. They often collaborate with foundries in other regions for production. The region continues to invest heavily in semiconductor research and development. Research institutions and industry players collaborate to push the boundaries of semiconductor capabilities and explore novel technologies.

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Market Dynamic

Market Drivers

• Consumer Electronics Demand: The constant demand for smartphones, laptops, smartwatches, and other consumer electronics drives the need for advanced semiconductor technologies. Consumer preferences for more powerful, energy-efficient, and feature-rich devices contribute to semiconductor market growth.

• Automotive Innovation: The automotive industry is undergoing a significant transformation with the integration of advanced technologies such as electric vehicles (EVs), autonomous driving features, and connected vehicles. Semiconductors play a crucial role in powering these innovations, leading to increased demand.

Market Challenges

• Complex Manufacturing Processes: Semiconductor manufacturing involves complex processes with high precision requirements. Challenges in scaling production and maintaining high yields can impact the industry's ability to meet growing demand.

• Technological Complexity: The rapid pace of technological advancements in semiconductors introduces challenges related to complexity. Designing and manufacturing advanced semiconductor technologies requires significant investments in research and development.

Market opportunity

• 5G Technology Adoption: The ongoing deployment and expansion of 5G networks in North America provide opportunities for semiconductor companies to supply components for 5G infrastructure, devices, and equipment. The demand for high-performance semiconductors in the telecommunications sector is expected to grow.

• Medical Electronics Advancements: The healthcare industry's increasing reliance on advanced medical devices and diagnostic equipment opens opportunities for semiconductor companies. Innovations in medical imaging technologies, wearable devices, and health monitoring systems present growth prospects.

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Manmayi Raval

Manmayi Raval

Research Consultant

Semiconductors Market Segmentation

By Device type Memory Device
Logic Semiconductors
Microprocessor Unit
Analog IC
Op to Semiconductor
Discrete Semiconductor
Power Semiconductor
Micro Controller Unit
Digital Signal Processors
Semiconductor Sensors
By Application Networking & Communications
Data Centre/ Data Processing
Consumer Electronics
Aerospace and Defence
North AmericaUnited States

Based on the device types, they are segmented into memory devices, logic semiconductors, microprocessor units, analogue ICs, optoelectronic semiconductors, discrete semiconductors, power semiconductors, microcontroller units, digital signal processors, and semiconductor sensors.

In North America, the microprocessor unit significantly contributes to the market. North America is a hub for technology and computing infrastructure, with a high concentration of data centres, cloud computing facilities, and enterprises. Microprocessors serve as the computing brains in servers, data centres, and various computing systems that form the backbone of the digital economy. North America, particularly Silicon Valley in California, is home to numerous semiconductor design and innovation centers. Leading semiconductor companies and startups in the region focus on designing advanced microprocessors that power a wide range of devices, from servers to edge computing devices. Many semiconductor companies in North America follow a fabless business model, specialising in the design of semiconductor components while outsourcing manufacturing to foundries. These fabless companies often focus on designing microprocessors, capitalising on their expertise in CPU architecture and innovation. North America is at the forefront of advancing computing technologies, including high-performance computing (HPC), artificial intelligence (AI), and machine learning (ML). Microprocessors play a crucial role in these applications, driving demand for powerful and efficient CPU designs. The automotive industry in North America is increasingly incorporating advanced computing technologies for in-vehicle infotainment, driver assistance systems, and autonomous driving features. Microprocessors are crucial for the processing power required in modern vehicles.

In terms of the applications, they are segmented into Networking & Communications, Data Centre/Data Processing, Consumer Electronics, Industrial, Automotive, Government, Healthcare, Aerospace, and Defence.

Among all the networking and communications markets, when it comes to networking technology adoption and advancement, North America leads the way. When it comes to the rollout of 4G and 5G networks, as well as high-speed broadband, the area has led the way. The need for specialised semiconductor components has been pushed by the need for communication devices and networking infrastructure. The development of advanced telecommunications infrastructure, including fibre-optic networks and high-capacity data transmission systems, relies on specialised semiconductor components. North America's commitment to expanding and enhancing communication networks contributes to the demand for advanced semiconductor solutions. The growth of data centres and cloud computing services in North America is a significant driver for network and communication-related semiconductors. These components include processors for networking equipment, switches, routers, and other devices that enable efficient data transmission and connectivity. The increasing adoption of IoT devices and the expansion of smart city initiatives contribute to the demand for semiconductor solutions that enable connectivity. Network and communication components are essential for creating a robust and interconnected IoT ecosystem. The development of wireless communication technologies, including Wi-Fi standards, Bluetooth, and other wireless protocols, involves semiconductor solutions. North American companies are actively involved in advancing wireless communication technologies, leading to increased demand for related semiconductor products.

Semiconductors Market Market Regional Insights

Based on the report, the major countries covered in the report include the United States, Canada, Mexico, and the rest of North America.

In North America, the United States leads the market. The United States is home to some of the world's leading semiconductor companies, research institutions, and innovation centers. Silicon Valley in California, in particular, is a renowned global hub for technology and innovation, hosting numerous semiconductor firms and startups that drive advancements in the industry. The fabless semiconductor model, where companies focus on designing semiconductor chips rather than manufacturing them, is widely adopted in the United States. This model allows companies to leverage specialised expertise in design while outsourcing manufacturing to foundries, contributing to innovation and cost-effectiveness. The United States has advanced semiconductor manufacturing facilities that produce cutting-edge chips. While Asia-Pacific countries, such as Taiwan and South Korea, also have significant manufacturing capabilities, the USA's facilities contribute to the production of high-performance and specialised semiconductor products. The USA leads in research and development (R&D) investments, fostering technological innovation in semiconductor design and manufacturing. Ongoing R&D efforts contribute to the development of advanced semiconductor technologies, including process nodes, materials, and design architectures. The USA is at the forefront of artificial intelligence (AI), machine learning (ML), and other emerging technologies. Semiconductors play a crucial role in powering AI applications, and their expertise in these domains contributes to the USA's leadership in the semiconductor market.

Key Development

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Companies Mentioned

  • Samsung Corporation Limited
  • Intel Corporation
  • Micron Technology, Inc.
  • NVIDIA Corporation
  • NXP Semiconductors N.V.
  • STMicroelectronics N.V.
  • Qualcomm Incorporated
  • SK hynix Inc
  • Mediatek Inc.
  • Broadcom Inc.
  • Taiwan Semiconductor
  • Marvell Technology, Inc.
  • Applied Materials, Inc.
Company mentioned

Table of Contents

  • Table of Contents
  • 1. Executive Summary
  • 2. Research Methodology
  • 2.1. Secondary Research
  • 2.2. Primary Data Collection
  • 2.3. Market Formation & Validation
  • 2.4. Report Writing, Quality Check & Delivery
  • 3. Market Structure
  • 3.1. Market Considerate
  • 3.2. Assumptions
  • 3.3. Limitations
  • 3.4. Abbreviations
  • 3.5. Sources
  • 3.6. Definitions
  • 4. Economic /Demographic Snapshot
  • 5. Global Semi-conductors Market Outlook
  • 5.1. Market Size By Value
  • 5.2. Market Share By Region
  • 5.3. Market Size and Forecast, By Geography
  • 5.4. Market Size and Forecast, By Device Type
  • 5.5. Market Size and Forecast, By Application
  • 6. North America Semi-conductors Market Outlook
  • 6.1. Market Size By Value
  • 6.2. Market Share By Country
  • 6.3. Market Size and Forecast, By Device Type
  • 6.4. Market Size and Forecast, By Application
  • 7. Market Dynamics
  • 7.1. Market Drivers & Opportunities
  • 7.2. Market Restraints & Challenges
  • 7.3. Market Trends
  • 7.4. Covid-19 Effect
  • 7.5. Supply chain Analysis
  • 7.6. Policy & Regulatory Framework
  • 7.7. Industry Experts Views
  • 7.8. United States Semi-conductors Market Outlook
  • 7.8.1. Market Size By Value
  • 7.8.2. Market Size and Forecast By Application
  • 8. Competitive Landscape
  • 8.1. Competitive Dashboard
  • 8.2. Business Strategies Adopted by Key Players
  • 8.3. Key Players Market Share Insights and Analysis, 2022
  • 8.4. Key Players Market Positioning Matrix
  • 8.5. Porter's Five Forces
  • 8.6. Company Profile
  • 8.6.1. Intel Corporation
  • Company Snapshot
  • Company Overview
  • Financial Highlights
  • Geographic Insights
  • Business Segment & Performance
  • Product Portfolio
  • Key Executives
  • Strategic Moves & Developments
  • 8.6.2. Micron Technology, Inc.
  • 8.6.3. Nvidia Corporation
  • 8.6.4. Qualcomm Incorporated
  • 8.6.5. SK hynix Inc
  • 8.6.6. Samsung Electronics Co. Ltd
  • 8.6.7. Mediatek Inc.
  • 8.6.8. Broadcom Inc.
  • 8.6.9. NXP Semiconductors N.V.
  • 8.6.10. STMicroelectronics N.V
  • 8.6.11. Marvell Technology, Inc.
  • 8.6.12. Applied Materials, Inc.
  • 9. Strategic Recommendations
  • 10. Annexure
  • 10.1. FAQ`s
  • 10.2. Notes
  • 10.3. Related Reports
  • 11. Disclaimer

List of Table
Table 1: Global Semi-conductors Market Snapshot, By Segmentation (2023 & 2029) (in USD Billion)
Table 2: Top 10 Counties Economic Snapshot 2022
Table 3: Economic Snapshot of Other Prominent Countries 2022
Table 4: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 5: Global Semi-conductors Market Size and Forecast, By Geography (2018 to 2029F) (In USD Billion)
Table 6: Global Semi-conductors Market Size and Forecast, By Device Type (2018 to 2029F) (In USD Billion)
Table 7: Global Semi-conductors Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 8: North America Semi-conductors Market Size and Forecast, By Device Type (2018 to 2029F) (In USD Billion)
Table 9: North America Semi-conductors Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 10: Influencing Factors for Semi-conductors Market, 2023
Table 11: United States Semi-conductors Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)

List of Figures
Figure 1: Global Semi-conductors Market Size (USD Billion) By Region, 2023 & 2029
Figure 2: Market attractiveness Index, By Region 2029
Figure 3: Market attractiveness Index, By Segment 2029
Figure 4: Global Semi-conductors Market Size By Value (2018 , 2023 & 2029F) (in USD Billion)
Figure 5: Global Semi-conductors Market Share By Region (2023)
Figure 6: North America Semi-conductors Market Size By Value (2018 , 2023 & 2029F) (in USD Billion)
Figure 7: North America Semi-conductors Market Share By Country (2023)
Figure 8: US Semi-conductors Market Size By Value (2018 , 2023 & 2029F) (in USD Billion)
Figure 9: Competitive Dashboard of top 5 players, 2023
Figure 10: Market Share insights of key players, 2023
Figure 11: Porter's Five Forces of Global Semi-conductors Market

Feed Phosphate Market Research FAQs

The growth of the global semiconductor market is primarily driven by factors such as increasing demand for advanced electronic devices, the proliferation of technologies like 5G and artificial intelligence (AI), rising automotive semiconductor requirements, and the expansion of the Internet of Things (IoT). Additionally, the need for enhanced processing power, improved energy efficiency, and the continuous innovation in semiconductor materials contribute to the market's growth.

The Asia-Pacific region, particularly countries like Taiwan, South Korea, and China, dominates the global semiconductor market. Taiwan is home to major semiconductor foundries like TSMC, while South Korea hosts companies like Samsung. These regions have become manufacturing powerhouses, contributing significantly to the industry's growth. However, the United States also plays a crucial role, with companies like Intel and NVIDIA being major players in semiconductor innovation and production.

Emerging technologies such as 5G and AI are pivotal drivers of semiconductor market growth. The deployment of 5G networks requires advanced semiconductor solutions to enable high-speed data transfer and low latency. In the case of AI, the demand for specialized chips for machine learning and deep learning applications has surged, propelling the semiconductor market. The integration of these technologies across various industries further fuels the need for cutting-edge semiconductor components.

Governments and industry stakeholders are actively addressing semiconductor supply chain challenges by investing in domestic manufacturing capabilities, promoting research and development, and fostering collaborations. Efforts are underway to diversify the semiconductor supply chain, reduce dependence on specific regions, and enhance the overall resilience of the industry. Strategic partnerships, incentives for semiconductor manufacturing, and initiatives to develop skilled talent are part of the broader strategies to mitigate supply chain vulnerabilities.

Key trends influencing the future growth of the semiconductor market include the continuous push for smaller semiconductor nodes, the increasing demand for memory devices, the growth of the automotive semiconductor market, geopolitical considerations shaping the industry landscape, and ongoing innovations in semiconductor materials and technologies. The industry is also witnessing advancements in areas like quantum computing and neuromorphic computing, which have the potential to shape the semiconductor market in the long term.

Silicon Valley, located in California, is a renowned hub for technology and innovation. It houses numerous semiconductor companies, startups, and research institutions, playing a pivotal role in shaping the semiconductor market through cutting-edge advancements and collaborative efforts.

The USA, through organizations like the Semiconductor Industry Association (SIA), actively participates in setting global standards for semiconductor technologies. Its contributions influence industry norms, interoperability, and technological advancements.

Many semiconductor companies in North America follow the fabless model, focusing on chip design while outsourcing manufacturing. This approach fosters innovation, agility, and cost-effectiveness, contributing to the region's leadership in semiconductor design.

The U.S. government supports semiconductor R&D through funding initiatives, research grants, and collaborative programs. Public-private partnerships aim to advance technological innovation, maintain competitiveness, and address industry challenges.

The USA's leadership in artificial intelligence (AI) drives demand for high-performance semiconductor solutions. Semiconductors play a crucial role in powering AI applications, influencing the development of advanced chips and accelerators.

North America Semiconductors Market Outlook, 2029

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