Global Semiconductor Devices Market Outlook, 2024-2025
Moving AI Hardware Beyond Data Centers to Edge Devices is Driving Transformative Growth as Sustainability and CASE Trends Curb Declines in Industrial and Automotive Markets
19-Dec-2024
Global
Market Research
The global semiconductor devices industry registered a 6.9% decline in 2023 after a 3.5% slowdown in growth in 2022. Growth in 2023 was attributed to the industrial and automotive markets capitalizing on the EV, CASE, and digital transformation efforts. Growth in 2024 (and beyond) will be driven by the technology convergence of connectivity and AI/ML, which will be the core of product development activities across all verticals. Increased 5G deployment, the rising adoption of AI smartphones and AI PCs, greater electronics content in automotive, the migration to EVs and AVs, factory automation, and the proliferation of IoT devices in smart homes are key trends that will drive future market growth. Smartphones and PCs, traditionally viewed as key indicators of semiconductor market performance, will not remain the sole indicators going forward. Market participants are expected to witness significant customer base expansion across several verticals (primarily consumer and automotive). While the semiconductor devices market records a surge in demand and manufacturing investments, the risk of high costs, low margins, and over-capacity are a few aspects the industry needs to consider. Beyond the demand-supply gap, the market faces several challenges, including geopolitical chaos and skills shortages. In such a scenario, it is essential to understand the demand for semiconductor devices in the short term and key growth opportunities from 2024 to 2030. As a result, stakeholders can develop strategies and action plans to accelerate growth. This Frost & Sullivan study aims to provide an outlook on the semiconductor devices market for 2025. It identifies emerging trends and growth opportunities across key end users and regions. From a device standpoint, important aspects include evolving design, technology nodes, and materials across emerging applications such as AI, 5G/6G, IoT, EVs, connected cars, and AVs.
Author: Sujan Sami
Analysis Highlights
The 2023 Semiconductor Devices Market: Forecast vs Actual
Historical Analytics
Top Predictions for 2025
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Semiconductor Devices Industry
Growth Opportunities Fuel the Growth Pipeline EngineTM
Segmentation
Growth Environment
Global Semiconductor Market Sizing by Revenue
Growth Environment—Macroeconomic Conditions
Revenue Forecast by Segment
Revenue Forecast by Segment (continued)
Revenue Forecast by Segment (continued)
Revenue Forecast by Product Type
Revenue Forecast by Region
Semiconductor Devices Market: Key Semiconductor Industry Trends, Global, 2024 vs 2023
Trends Influencing the Semiconductor Industry in 2024
Semiconductor Industry Trends—2025 vs 2024
Trends Influencing the Semiconductor Industry in 2025
2025 Market Snapshot
Revenue Forecast
Implications of the Trends Influencing Market Performance in 2025
Key Companies
2025 Market Snapshot
Revenue Forecast
Trends Influencing Market Performance in 2025
Key Companies
2025 Market Snapshot
Revenue Forecast
Trends Influencing Market Performance in 2025 and Beyond
Key Companies
2025 Market Snapshot
Revenue Forecast
Trends Influencing Market Performance in 2025 and Beyond
Key Companies
2025 Market Snapshot
Revenue Forecast
Trends Influencing Market Performance in 2025 and Beyond
Key Companies
2025 Market Snapshot
Revenue Forecast
Trends Influencing Market Performance in 2025 and Beyond
Key Companies
2025 Market Snapshot
Revenue Forecast
Trends Influencing Market Performance in 2025 and Beyond
Key Companies
Growth Opportunity 1: Reducing Data Centers’ Environmental Impact
Growth Opportunity 1: Reducing Data Centers’ Environmental Impact (continued)
Growth Opportunity 2: Cognitive Intelligence at the Core and Edge
Growth Opportunity 2: Cognitive Intelligence at the Core and Edge (continued)
Growth Opportunity 3: Leverage Government Funding and Policies
Growth Opportunity 3: Leverage Government Funding and Policies (continued)
Key Conclusions and Future Outlook
Benefits and Impacts of Growth Opportunities
Next Steps
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
Legal Disclaimer

- Semiconductor Devices Market: Revenue Breakdown by End Users, Global, 2020–2023
- Semiconductor Devices Market: Growth Metrics, Global, 2024
- Semiconductor Devices Market: Revenue Forecast, Global, 2020–2030
- Real GDP Growth, Global, 2021–2025
- Inflation Rate, Average Consumer Prices—Annual Percent Change, Global, 2021–2025
- Semiconductor Devices Market: Revenue Forecast by Segment, Global, 2024 and 2025
- Semiconductor Devices Market: Revenue Forecast—Smartphones, Global, 2020–2025
- Semiconductor Devices Market: Revenue Forecast—PCs, Global, 2020–2025
- Semiconductor Devices Market: Revenue Forecast—Data Centers, Global, 2020–2025
- Semiconductor Devices Market: Revenue Forecast—Communication, Global, 2020–2025
- Semiconductor Devices Market: Revenue Forecast—Industrial, Global, 2020–2025
- Semiconductor Devices Market: Revenue Forecast—Consumer Electronics, Global, 2020–2025
- Semiconductor Devices Market: Revenue Forecast—Automotive, Global, 2020–2025
- Semiconductor Devices Market: Revenue Forecast by Product Type, Global, 2020‒2025
- Semiconductor Devices Market: Revenue Forecast by Product Region, Global, 2020‒2025
- Semiconductor Devices Market: Top Trends, Global, 2024
- Semiconductor Devices Market: Key Industry Trends, Global, 2025 vs 2024
- Semiconductor Devices Market: Top Trends, Global, 2025
- Smartphone Semiconductor Market: Revenue Share by Product, Global, 2023
- Smartphone Semiconductor Market: Revenue Forecast, Global, 2020–2030
- Smartphone Semiconductor Market: Cumulative Revenue Opportunity Forecast, Global, 2024–2030
- Smartphone Semiconductor Market: Revenue Share Forecast, Global, 2020–2030
- PC Semiconductor Market: Revenue Share by Product, Global, 2023
- PC Semiconductor Market: Revenue Forecast, Global, 2020–2030
- PC Semiconductor Market: Cumulative Revenue Opportunity Forecast, Global, 2024–2030
- PC Semiconductor Market: Revenue Share Forecast, Global, 2020–2030
- Data Center Semiconductor Market: Revenue Share by Product, Global, 2023
- Data Center Semiconductor Market: Revenue Share Forecast, Global, 2020–2030
- Data Center Semiconductor Market: Cumulative Revenue Opportunity Forecast, Global, 2024–2030
- Data Center Market: CAPEX, Global, 2023, 2028, and 2033
- Communications Semiconductor Market Share by Product, Global, 2023
- Communications Semiconductor Market: Revenue Forecast, Global, 2020–2030
- Communications Semiconductor Market: Revenue Share Forecast, Global, 2020–2030
- Communications Semiconductor Market: Cumulative Revenue Opportunity Forecast, Global, 2024–2030
- Consumer Electronics Semiconductor Market: Revenue Share by Product, Global, 2023
- Consumer Electronics Semiconductor Market: Revenue Forecast, Global, 2020–2030
- Consumer Electronics Semiconductor Market: Cumulative Revenue Opportunity Forecast, Global, 2024–2030
- Consumer Electronics Semiconductor Market: Revenue Share Forecast, Global, 2020–2030
- Industrial Semiconductor Market: Revenue Share by Product, Global, 2023
- Industrial Semiconductor Market: Revenue Forecast, Global, 2020–2030
- Industrial Semiconductor Market: Revenue Share Forecast, Global, 2020–2030
- Industrial Semiconductor Market: Cumulative Revenue Opportunity Forecast, Global, 2024–2030
- Automotive Semiconductors Market Share by Product, Global, 2023
- Automotive Semiconductor Market: Revenue Forecast, Global, 2020–2030
- Automotive Semiconductor Market: Revenue Share Forecast, Global, 2020–2030
- Automotive Semiconductor Market: Cumulative Revenue Opportunity Forecast, Global, 2024–2030
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Deliverable Type | Market Research |
---|---|
Author | Prabhu Karunakaran |
Industries | Electronics and Sensors |
No Index | No |
Is Prebook | No |
Keyword 1 | semiconductor devices market |
Keyword 2 | global semiconductor outlook |
Keyword 3 | 2024 semiconductor growth |
List of Charts and Figures | Semiconductor Devices Market: Revenue Breakdown by End Users, Global, 2020–2023~ Semiconductor Devices Market: Growth Metrics, Global, 2024~ Semiconductor Devices Market: Revenue Forecast, Global, 2020–2030~ Real GDP Growth, Global, 2021–2025~ Inflation Rate, Average Consumer Prices—Annual Percent Change, Global, 2021–2025~ Semiconductor Devices Market: Revenue Forecast by Segment, Global, 2024 and 2025~ Semiconductor Devices Market: Revenue Forecast—Smartphones, Global, 2020–2025~ Semiconductor Devices Market: Revenue Forecast—PCs, Global, 2020–2025~ Semiconductor Devices Market: Revenue Forecast—Data Centers, Global, 2020–2025~ Semiconductor Devices Market: Revenue Forecast—Communication, Global, 2020–2025~ Semiconductor Devices Market: Revenue Forecast—Industrial, Global, 2020–2025~ Semiconductor Devices Market: Revenue Forecast—Consumer Electronics, Global, 2020–2025~ Semiconductor Devices Market: Revenue Forecast—Automotive, Global, 2020–2025~ Semiconductor Devices Market: Revenue Forecast by Product Type, Global, 2020‒2025~ Semiconductor Devices Market: Revenue Forecast by Product Region, Global, 2020‒2025~ Semiconductor Devices Market: Top Trends, Global, 2024~ Semiconductor Devices Market: Key Industry Trends, Global, 2025 vs 2024~ Semiconductor Devices Market: Top Trends, Global, 2025~ Smartphone Semiconductor Market: Revenue Share by Product, Global, 2023~ Smartphone Semiconductor Market: Revenue Forecast, Global, 2020–2030~ Smartphone Semiconductor Market: Cumulative Revenue Opportunity Forecast, Global, 2024–2030~ Smartphone Semiconductor Market: Revenue Share Forecast, Global, 2020–2030~ PC Semiconductor Market: Revenue Share by Product, Global, 2023~ PC Semiconductor Market: Revenue Forecast, Global, 2020–2030~ PC Semiconductor Market: Cumulative Revenue Opportunity Forecast, Global, 2024–2030~ PC Semiconductor Market: Revenue Share Forecast, Global, 2020–2030~ Data Center Semiconductor Market: Revenue Share by Product, Global, 2023~ Data Center Semiconductor Market: Revenue Share Forecast, Global, 2020–2030~ Data Center Semiconductor Market: Cumulative Revenue Opportunity Forecast, Global, 2024–2030~ Data Center Market: CAPEX, Global, 2023, 2028, and 2033~ Communications Semiconductor Market Share by Product, Global, 2023~ Communications Semiconductor Market: Revenue Forecast, Global, 2020–2030~ Communications Semiconductor Market: Revenue Share Forecast, Global, 2020–2030~ Communications Semiconductor Market: Cumulative Revenue Opportunity Forecast, Global, 2024–2030~ Consumer Electronics Semiconductor Market: Revenue Share by Product, Global, 2023~ Consumer Electronics Semiconductor Market: Revenue Forecast, Global, 2020–2030~ Consumer Electronics Semiconductor Market: Cumulative Revenue Opportunity Forecast, Global, 2024–2030~ Consumer Electronics Semiconductor Market: Revenue Share Forecast, Global, 2020–2030~ Industrial Semiconductor Market: Revenue Share by Product, Global, 2023~ Industrial Semiconductor Market: Revenue Forecast, Global, 2020–2030~ Industrial Semiconductor Market: Revenue Share Forecast, Global, 2020–2030~ Industrial Semiconductor Market: Cumulative Revenue Opportunity Forecast, Global, 2024–2030~ Automotive Semiconductors Market Share by Product, Global, 2023~ Automotive Semiconductor Market: Revenue Forecast, Global, 2020–2030~ Automotive Semiconductor Market: Revenue Share Forecast, Global, 2020–2030~ Automotive Semiconductor Market: Cumulative Revenue Opportunity Forecast, Global, 2024–2030~ |
Podcast | No |
Predecessor | K6B2-01-00-00-00 |
WIP Number | KA43-01-00-00-00 |