Semiconductor and Other Electronic Component Market Report 2026

The semiconductor and other electronic component market size has grown strongly in recent years. It will grow from $1.12 trillion in 2025 to $1.2 trillion in 2026 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to advancements in silicon-based technologies, rise in consumer electronics demand, growth of automotive electronics, increase in industrial automation, expansion of telecommunication networks.

The semiconductor and other electronic component market size is expected to see strong growth in the next few years. It will grow to $1.68 trillion in 2030 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to adoption of ai-driven devices, growth in smart factories, expansion of electric vehicles, rising demand for connected iot devices, development of next-generation memory and power semiconductors. Major trends in the forecast period include AI-enabled semiconductor design, smart manufacturing components, iot-integrated electronic devices, cloud-connected electronics, electrification-driven semiconductor applications.

The semiconductor and other components market is poised for growth, primarily driven by the increasing demand for consumer electronics. Consumer electronics encompass a wide range of electronic devices designed for daily, personal, or professional use by end-users. Semiconductors serve as the foundational components of consumer electronics, providing essential processing power, memory, connectivity, and specialized features that make these devices versatile, efficient, and capable of meeting the demands of modern consumers. For example, in May 2023, the Japan Electronics and Information Technology Industries Association, a Japan-based trade organization, reported that total consumer electronic equipment production in Japan amounted to $209.16 million (¥32,099 million), up from $164.65 million (¥25,268 million) in May 2022. Consequently, the growing demand for consumer electronics acts as a driving force for the semiconductor and other components market.

Leading companies operating in the semiconductor and other components market are introducing advanced technologies such as control meta-surface technology to drive market revenues. The Light Control Meta-surface (LCM) technology represents a patented beam-steering innovation utilized in solid-state optical semiconductors. For instance, in August 2023, Lumotive, a U.S.-based semiconductor manufacturer, launched LM10, which is the first fully realized product incorporating its Light Control Meta-surface (LCM) technology. This groundbreaking technology offers exceptional performance, a compact design, and software-defined scan modes, enabling precise object detection, shape recognition, and improved safety in industrial robotics applications. It propels the industry toward higher levels of efficiency and productivity, marking a significant advancement in the field.

In April 2024, SK hynix Inc., a South Korea-based memory chip producer, signed a memorandum of understanding with TSMC to promote high-performance memory for next-generation AI applications. The collaboration focuses on co-developing HBM4 and improving logic-HBM integration through TSMC’s advanced packaging, enhancing both performance and power efficiency for AI workloads. TSMC is a Taiwan-based company specializing in semiconductor foundry services and advanced packaging technologies.

Major companies operating in the semiconductor and other electronic component market are Samsung Electronics Co. Ltd., Taiwan Semiconductor Manufacturing Company Limited, SK Hynix Inc., Qualcomm Incorporated, Micron Technology Inc., LG Display Co. Ltd., Intel Corporation, Hon HAI Precision Industry Co. Ltd., Broadcom Inc., Advanced Semiconductor Engineering Inc., Texas Instruments Inc., Toshiba Corporation, Infineon Technologies AG, STMicroelectronics NV, NXP Semiconductors NV, Analog Devices Inc., Renesas Electronics Corporation, MediaTek Inc., ON Semiconductor Corporation, Amkor Technology Inc., Marvell Technology Inc., Advanced Micro Devices Inc., NVIDIA Corporation, Cypress Semiconductor Corporation, Silicon Laboratories Inc., Microchip Technology Inc., Integrated Device Technology Inc., Cirrus Logic Inc., Semtech Corporation, Lattice Semiconductor Corporation, Monolithic Power Systems Inc., Power Integrations Inc.

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 have influenced the semiconductor and electronic components market by increasing the cost of imported raw materials and critical devices, affecting supply chains globally. The impact is most notable on semiconductor and IC segments, especially in regions like Asia-Pacific and North America, which rely heavily on cross-border trade. While tariffs have temporarily increased production costs and slowed some adoption in automotive and manufacturing applications, they have also encouraged local sourcing, production investments, and innovation to optimize cost efficiency and reduce dependency on imports.

The semiconductors and other electronic components market research report is one of a series of new reports that provides semiconductors and other electronic components market statistics, including semiconductors and other electronic components industry global market size, regional shares, competitors with a semiconductors and other electronic components market share, detailed semiconductors and other electronic components market segments, market trends and opportunities, and any further data you may need to thrive in the semiconductors and other electronic components industry. This semiconductors and other electronic components 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 and other electronic components are vital components of modern electronic devices, facilitating the control and management of electrical signals. These components are essential for powering and enabling the functionality of a wide range of applications.

The main categories within the semiconductor and other electronics industry include semiconductors and related devices, as well as general electronic components. Semiconductors, primarily composed of silicon, possess electrical conductivity properties that are intermediate between insulators like glass and conductors like copper or aluminum. These properties can be modified through a process called doping, involving the introduction of impurities, to meet specific requirements in electronic components. These components are utilized through both online and offline channels, with various sales channels such as original equipment manufacturers (OEM) and aftermarket serving applications in industries like automotive, manufacturing, and others.Asia-Pacific was the largest region in the semiconductor and other electronic component market in 2025. North America was the second largest region in the semiconductor and other electronic component market. The regions covered in the semiconductor and other electronic component 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 other electronic component market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The semiconductors and other electronic components market consists of sales of integrated circuits, memory chips, microprocessors, and other semiconductors and electronic components. 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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