Semiconductor and Related Devices Market Report 2026

The semiconductor and related devices market size has grown strongly in recent years. It will grow from $604.57 billion in 2025 to $655.21 billion in 2026 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to increased demand for consumer electronics, early development of transistor technologies, rise of computing and telecom infrastructure, expansion of automotive electronic components, growth in industrial automation requirements.

The semiconductor and related devices market size is expected to see strong growth in the next few years. It will grow to $941.11 billion in 2030 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to surge in AI chip demand, rising need for high performance computing, rapid expansion of smart connected devices, growth of ev power semiconductor usage, increasing adoption of advanced lithography technologies. Major trends in the forecast period include increasing focus on AI optimized semiconductor architectures, growth in cybersecure chip designs, rising adoption of automated wafer fabrication, expansion of iot ready semiconductor components, advancements in robotics integrated semiconductor systems.

The growing adoption of smartphones is driving the semiconductors and related devices market. Rising sales of electronic devices such as smartphones and tablets boost the creation and consumption of digital content, increasing the demand for memory chips to store data. For example, in October 2025, Demandsage, a US-based software company, reported that there were approximately 6.8 billion smartphone users worldwide in 2023, with this number projected to reach around 7.34 billion by 2025. Consequently, the increasing use of smartphones is expected to propel the growth of the semiconductor and related devices market.

Major players in the semiconductor and related devices market are actively pursuing the development of new technologies, such as semiconductor technology platforms, to expand their customer bases, drive more sales, and increase revenue. A semiconductor technology platform involves a standardized set of processes, materials, and design methodologies used for creating integrated circuits (ICs) or semiconductor devices. iDEAL Semiconductor, a US-based semiconductor company, introduced the SuperQ technology in February 2023. This product stands out with its ability to provide record-setting resistance per unit area (RSP). The SuperQ technology enhances power semiconductor devices, including diodes, metal-oxide-semiconductor field-effect transistors (MOSFETs), insulated-gate bipolar transistors (IGBTs), and integrated circuits (ICs) for system developers. It initially targets voltages up to 850 volts (V) and is silicon-based, compatible with upcoming power semiconductor materials.

In August 2024, Polymatech Electronics, a technology company based in India, acquired Nisene Technology Group Inc. for $100 million. This acquisition aims to bolster Polymatech's capabilities in semiconductor manufacturing, specifically in silicon, silicon carbide, and sapphire technologies. Nisene Technology Group Inc., located in the U.S., specializes in automated decapsulation systems used in semiconductor manufacturing.

Major companies operating in the semiconductor and related devices market are Samsung Electronics Co. Ltd., Sony Corporation, Taiwan Semiconductor Manufacturing Company Ltd., Intel Corporation, Qualcomm Incorporated, SK Hynix Inc., Broadcom Inc., Micron Technology Inc., Fujitsu Microelectronics Asia Pacific Limited, NVIDIA Corporation, Advanced Micro Devices Inc., Toshiba Corporation, Texas Instruments Incorporated, Western Digital Corporation, MediaTek Inc., STMicroelectronics N.V., Infineon Technologies AG, Transcend Information Inc., NXP Semiconductors N.V., Analog Devices Inc., Renesas Electronics Corporation, KLA Corporation, AU Optronics Corp., Semiconductor Manufacturing International Corporation, Marvell Technology Group Ltd., SolarEdge Technologies Inc., Tower Semiconductor Ltd., Mellanox Technologies Ltd., ON Semiconductor Corporation, Maxim Integrated Products Inc., Cypress Semiconductor Corporation.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs on semiconductor raw materials, equipment, and finished components have disrupted global supply chains, raising production costs and extending lead times for chip manufacturers across Asia Pacific, North America, and Europe. These tariffs have particularly impacted memory chips, integrated circuits, and microprocessors used in consumer electronics, automotive, and IT applications. While they have pressured pricing and slowed shipment volumes, tariffs have also encouraged regional semiconductor fabrication investments, reshoring initiatives, and accelerated innovation in material efficiency to reduce reliance on imported inputs.

The semiconductor and related devices market research report is one of a series of new reports that provides semiconductor and related devices market statistics, including semiconductor and related devices industry global market size, regional shares, competitors with semiconductor and related devices market share, detailed semiconductor and related devices market segments, market trends and opportunities, and any further data you may need to thrive in the semiconductor and related devices industry. This semiconductor and related devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Semiconductors are materials exhibiting electrical conductivity levels falling between conductors and insulators. Semiconductor devices are constructed from materials that do not qualify as good conductors or insulators. Their utility lies in the ease with which their behavior can be manipulated through a process called doping, involving the addition of impurities. The conductivity of these devices is adjustable, achieved through exposure to heat, the introduction of an electric or magnetic field, or mechanical deformation. Due to their reliability and compact nature, these devices find broad applications in power devices, light emitters, lasers, and optical sensors.

Semiconductors and related devices can be categorized into intrinsic semiconductors and extrinsic semiconductors. Intrinsic semiconductors are chemically pure, lacking impurities that would alter the number of holes and electrons. Instead, the material's properties determine these characteristics. The range of products includes integrated circuits, memory chips, microprocessors, and others, catering to various industries such as information technology, aerospace & defense, consumer electronics, automotive, healthcare, and more.Asia-Pacific was the largest region in the semiconductor and related devices market in 2025. North America was the second-largest region in the global semiconductor and related devices market share. The regions covered in the semiconductor and related devices market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the semiconductor and related devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The semiconductor and related devices market consists of sales of analog integrated circuits, digital integrated circuits, mixed-signal integrated circuits, volatile memory chips, non-volatile memory chips, desktop microprocessors, mobile microprocessors, performance microprocessors, fuel cells, infrared sensors, diodes, silicon waveguides, thyristors, transistors, wafers, and other semiconductor and related devices. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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