{"id":111625,"date":"2024-07-09T12:37:17","date_gmt":"2024-07-09T11:37:17","guid":{"rendered":"https:\/\/www.intelligentcio.com\/eu\/?p=111625"},"modified":"2024-07-09T12:37:19","modified_gmt":"2024-07-09T11:37:19","slug":"semiconductors-to-become-a-trillion-dollar-industry-by-2030","status":"publish","type":"post","link":"https:\/\/www.intelligentcio.com\/eu\/2024\/07\/09\/semiconductors-to-become-a-trillion-dollar-industry-by-2030\/","title":{"rendered":"Semiconductors to become a trillion-dollar industry by 2030"},"content":{"rendered":"\n

Surging AI chip sales, especially in the generative AI field, continue fuelling semiconductors market growth, helping it recover from a challenging 2023 and hit new record highs.<\/em><\/p>\n\n\n\n

Data presented by AltIndex.com shows the global semiconductors industry is expected to gross $607 billion in 2024 – or 20% more than last year.<\/p>\n\n\n\n

This figure is forecasted to grow by over 65% in the next six years with semiconductors becoming a trillion-dollar industry by 2030.<\/p>\n\n\n\n

The semiconductor industry has exploded over the past years, practically doubling its revenue and helping the largest players in the market – including Nvidia, Taiwan Semiconductor Manufacturing, Samsung and Intel – add trillions of dollars to their stock values.<\/p>\n\n\n\n

In 2016, the entire market grossed over $367 billion, according to a Statista survey. Despite the 15% drop in 2019, this figure jumped by almost 60% and hit $577 billion in the next five years.<\/p>\n\n\n\n

However, the Statista survey brings just as optimistic market projections for the following years, with the semiconductors market reaching a new massive milestone.<\/p>\n\n\n\n

Although the annual growth rate will significantly slowdown in the following years, slipping from 20% in 2024 to 7% in 2029, this pace of growth will still turn semiconductors into a trillion-dollar industry by 2030.<\/p>\n\n\n\n

Most of that value will come from integrated circuits, expected to hit $850 billion in revenue by the end of a decade, 65% more than this year.<\/p>\n\n\n\n

Discrete semiconductors and optoelectronics follow with around $50 billion in revenue in 2029 each, 56% and 19% more than this year, respectively.<\/p>\n\n\n\n

Although far behind in revenue, the sensors and actuators segment will see the biggest growth in this period, surging by 69% to $31 billion by 2029.  <\/p>\n\n\n\n

The semiconductor sales volume is projected to increase by 15% in this period, rising from 1.2 billion to over 1.4 billion units.<\/p>\n\n\n\n

The Statista survey also identified several factors contributing to the growth of the semiconductor industry.<\/p>\n\n\n\n

GDP growth, the impact of inflation and the growth of the automotive market are among the biggest positive contributors. These factors give the industry a positive outlook despite challenges such as falling demand for consumer electronics and memory chip oversupply.<\/p>\n\n\n\n

The optimistic market projections for the following years have also significantly impacted semiconductor stocks, with some practically doubling their market caps year-to-date.<\/p>\n\n\n\n

In January 2024, the combined market cap of Nivida, Taiwan Semiconductor Manufacturing, Broadcom, Samsung and ASML Holding – the five largest semiconductor manufacturers globally – amounted to $2.9 trillion.<\/p>\n\n\n\n

Since then, this figure has jumped by $2.7 trillion to top $5.6 trillion.<\/p>\n\n\n\n

According to the AltIndex.com data, the world’s third-largest tech company and the biggest semiconductor company by market cap, Nvidia saw the biggest gains, adding $1.8 trillion to its stock value in the past seven months.<\/p>\n\n\n\n

The market cap of Taiwan Semiconductor Manufacturing (TSM) jumped by $415 billion in this period and hit $954 billion last week.<\/p>\n\n\n\n

Statistics show the US semiconductor manufacturer Broadcom added $331 billion to its stock value year-to-date and hit a market cap of almost $800 billion.<\/p>\n\n\n\n

The Dutch-based ASML Holding follows with a $128 billion increase and $423 billion in stock value.<\/p>\n","protected":false},"excerpt":{"rendered":"

Surging AI chip sales, especially in the generative AI field, continue fuelling semiconductors market growth, helping it recover from a challenging 2023 and hit new record highs. Data presented by AltIndex.com shows the global semiconductors industry is expected to gross $607 billion in 2024 – or 20% more than last year. This figure is forecasted […]<\/p>\n","protected":false},"author":58,"featured_media":111629,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1489,649,15429,93],"tags":[20749,6817,20750],"class_list":["post-111625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insights","category-manufacturing","category-tech-trends","category-top-stories","tag-altindex-com","tag-manufacturing","tag-semiconductors"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/posts\/111625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/users\/58"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/comments?post=111625"}],"version-history":[{"count":1,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/posts\/111625\/revisions"}],"predecessor-version":[{"id":111628,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/posts\/111625\/revisions\/111628"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/media\/111629"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/media?parent=111625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/categories?post=111625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/tags?post=111625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}