The India Semiconductor Market Report is Segmented by Semiconductor Device Type (Discrete Semiconductor, Optoelectronics, Sensors and Actuators, Integrated Circuits (Analog, Micro, Logic, and Memory)), by End-User Industry (Computer, Communication (Wireline and Wireless), Automotive, Consumer, and Other End-User Industries). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

India Semiconductor Market size was valued at around USD 38 billion in 2024 and is projected to reach USD 105 billion by 2030. with a CAGR of 18%.

In 2023, processing components were the biggest market for semiconductors in India at 14 billion U.S. dollars. It was estimated that by 2030, it would increase to 33 billion dollars. Among the components, the sensors would see the highest growth, from three billion dollars to eight billion dollars during the same period.

Between 2022 and 2026, it was estimated that automotive industry would contribute the most to the growth of semiconductor industry in India at 33 percent. It was followed by telecom equipment sector at 24 percent. During the same period, smartphones and wearables were the largest market for semiconductor applications in India.

The India Semiconductor Market Size Was Worth USD 6.80 Billion in 2023 and Is Expected To Reach USD 17.54 Billion by 2032, CAGR of 11.10%.

The Indian semiconductor device market reduced to $437M in 2024, declining by -4.6% against the previous year. In general, consumption, however, continues to indicate a prominent expansion. As a result, consumption reached the peak level of $497M. From 2022 to 2024, the growth of the market remained at a somewhat lower figure.

In 2023, handsets were the biggest market for semiconductor applications in India at 22 billion U.S. dollars. It was estimated that by 2030, it would increase to 62 billion dollars. Among the sectors, the automotive industry would see the highest growth from two billion dollars to nine billion dollars during the same period.

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Semiconductor Market Size 2025-2029

The semiconductor market size is forecast to increase by USD 157.1 billion at a CAGR of 4.5% between 2024 and 2029.

The market is experiencing significant growth driven by the increasing adoption of Internet of Things (IoT) devices and the shift towards sustainability in manufacturing processes. IoT devices, which rely heavily on semiconductors for their functionality, are becoming increasingly prevalent in various industries, from consumer electronics to industrial automation. This trend is expected to continue, fueling the demand for semiconductors. Additionally, the semiconductor industry is undergoing a transformation towards more sustainable manufacturing practices, which is gaining traction among stakeholders. This trend is driven by the need to reduce the environmental impact of semiconductor production and meet evolving regulatory requirements. However, the market is facing a supply-demand gap, as the demand for semiconductors continues to outpace the industry's ability to meet it. This gap is creating opportunities for companies to invest in capacity expansion and innovation to meet the growing demand. Companies seeking to capitalize on these opportunities must stay abreast of the latest trends and challenges in the market and develop strategies to navigate them effectively.

What will be the Size of the Semiconductor Market during the forecast period?

Request Free SampleThe market is a dynamic and ever-evolving industry that encompasses the design, manufacturing, and integration of semiconductor devices using integrated circuits and semiconducting materials. This market is driven by the increasing demand for contemporary technology and subsequent technologies, such as artificial intelligence, machine learning, and the Internet of Things, in various sectors including B2B enterprises, B2G enterprises, and B2C businesses. Semiconductor devices are integral to various applications, including memory chips for PC sales and computer chips for data centers. The semiconductor industry association reports continued growth in semiconductor fabrication utilization, driven by the increasing adoption of semiconductor technology in diverse sectors. Memory chips, computer chips, data center chips, and other electronic components are essential building blocks for modern technology, fueling innovation and driving progress in the digital age.

How is this Semiconductor Industry segmented?

The semiconductor industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ApplicationN and CData processingIndustrialConsumer electronicsOthersProductICsOptoelectronicsDiscrete semiconductorsSensorsSemiconductor MaterialsFabricationPacakgingFabricationPacakgingGeographyAPACChinaIndiaJapanSouth KoreaTaiwanNorth AmericaUSCanadaEuropeFranceGermanyUKSouth AmericaMiddle East and Africa

By Application Insights

The n and c segment is estimated to witness significant growth during the forecast period.The Networking and Communication (N&C) segment represents a substantial portion of the market, incorporating various semiconductor devices and components essential for diverse communication technologies and networking infrastructures. With the increasing interconnectedness and dependence on efficient communication, the demand for semiconductor solutions in this sector continues to escalate. The ubiquity of smartphones, tablets, laptops, Internet of Things (IoT) devices, and other connected devices has resulted in escalating data requirements. Both consumers and businesses are driven by the need for faster and more dependable communication, necessitating sophisticated semiconductor solutions that facilitate high-speed data transmission. The deployment of 5G technology is poised to deliver substantially higher data speeds and reduced latency, unlocking a myriad of new applications and services, including advanced mobile connectivity. The semiconductor industry is witnessing intense competition, with companies focusing on innovation, production capacity expansion, and supply chain optimization to cater to the rising need for semiconductor solutions in the N&C segment. Key applications include power-efficient devices for portable electronic products, efficient power management systems, system architectures, AC-DC power adapters, Power-over-Ethernet (PoE), power transfer, connected lighting, telecom sector, switching power supply, power MOSFETs, mobile networks, and 5G subscriptions. Power semiconductors, low-power converters, semiconductor switches, and consumer electronics, IT and communications, aerospace and defense, consumer goods, air conditioners, washing machines, personal computers, welding equipment, induction heating devices, electric cookers, induction stove

In 2022, there were 55 thousand employees working in semiconductor industry in India, all of whom were in the research and development sector. It was estimated that by the year 2026, manufacturing and ecosystem sector would have the largest number of employees in the semiconductor industry in the country at 150 thousand. During the same period, it was estimated that automotive industry would contribute the most to the growth of semiconductor industry in India.

The Semiconductor Industry Report is Segmented by Semiconductor Devices (Discrete Semiconductors, Optoelectronics, Sensors, and Integrated Circuits), Semiconductor Equipment (Front-End Equipment and Back-End Equipment), Semiconductors Materials (Fabrication and Packaging), Semiconductor Foundry Market, Outsourced Semiconductor Assembly Test Services (OSAT) Market, and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

In 2022, smartphones and wearables were the biggest market for semiconductor applications in India at 51 percent. It was estimated that by 2026, it would decrease to 29 percent. Among the sectors, automotive industry would see the highest growth from five percent to 18 percent during the same period.

The APAC semiconductor device market within the consumer industry is experiencing robust growth, projected to reach $57.46 billion in 2025 and maintain a compound annual growth rate (CAGR) of 8.50% from 2025 to 2033. This expansion is fueled by several key drivers. The increasing penetration of smartphones, smart home devices, and wearables across the region is significantly boosting demand for various semiconductor components, including integrated circuits (microprocessors, microcontrollers, and memory chips), discrete semiconductors, optoelectronics, and sensors. Furthermore, the burgeoning automotive electronics sector in countries like China, Japan, and South Korea is contributing to market growth, with advanced driver-assistance systems (ADAS) and electric vehicles (EVs) requiring sophisticated semiconductor solutions. Government initiatives promoting technological advancements and digital infrastructure development in the region also contribute positively. However, challenges such as global supply chain disruptions and geopolitical uncertainties pose potential restraints to market growth. The market is segmented by device type (discrete semiconductors, optoelectronics, sensors, and various integrated circuits) and geography (Japan, China, India, and South Korea), with China and India expected to exhibit particularly strong growth due to their large and expanding consumer bases. Major players like Infineon, NXP, Toshiba, Samsung, and others are competing intensely to capture market share through technological innovation and strategic partnerships. The forecast period suggests sustained growth driven by continued consumer electronics adoption and increasing technological sophistication within the automotive sector. The market's future will be shaped by advancements in 5G technology, the Internet of Things (IoT), and artificial intelligence (AI), further increasing demand for advanced semiconductor devices. The competitive landscape is dominated by established international players alongside prominent regional companies. Strategic alliances, mergers, and acquisitions are expected to intensify as companies seek to enhance their technological capabilities and market reach. The focus on miniaturization, power efficiency, and enhanced performance will continue to drive innovation. The growth trajectory will likely be influenced by factors such as fluctuating raw material prices, evolving consumer preferences, and the pace of technological innovation within the consumer electronics industry. The continuous evolution of semiconductor technology is crucial for maintaining a competitive edge in this dynamic and rapidly expanding market. The APAC region's unique blend of established technological hubs and emerging markets provides fertile ground for considerable future growth in the consumer semiconductor sector. This comprehensive report provides an in-depth analysis of the Asia-Pacific (APAC) semiconductor device market within the consumer industry, covering the period from 2019 to 2033. The report leverages extensive data analysis, examining market trends, growth drivers, challenges, and key players to offer valuable insights for stakeholders. With a base year of 2025 and an estimated year of 2025, the forecast period extends to 2033, offering a long-term perspective on this dynamic market. The report encompasses key segments including device types (discrete semiconductors, optoelectronics, sensors, integrated circuits – analog, logic, memory, microprocessors (MPU), microcontrollers (MCU), digital signal processors), and geographic regions (Japan, China, India, South Korea). The market size is expressed in million units. Recent developments include: May 2024: Toshiba finished 300-millimeter wafer fabrication facility for power semiconductors and an office building at KagaToshiba Electronics Corporation in Ishikawa Prefecture, Japan, one of Toshiba’s key group companies. Toshiba will now proceed with equipment installation, aiming to start mass production in the second half of fiscal year 2024., Feb 2024: TSMC has unveiled plans to expand its operations in Japan, specifically in Kumamoto on the island of Kyushu. By the close of 2024, the company, in collaboration with local giants like Sony Group Corp. and Toyota Motor Corp., aims to commence the shipment of logic chips. These chips are destined for use in CMOS camera sensors and automotive applications. Notably, the Japanese government has earmarked a JPY 476 billion for this venture. These strategic moves are poised to significantly propel the segment's growth in the coming years.. Key drivers for this market are: Emergence of new technologies like AI, and IoT, Increased Deployment of 5G and Rising Demand for 5G Smartphones; Increasing demand for smartphones and the introduction of budget friendly smartphones. Potential restraints include: Low Demand Due to Impact of COVID-, Competitive Prices Led to Stiff Profit Margins. Notable trends are: The Integrated Circuits Segment is Expected to Drive the Market's Growth.

The India Semiconductor Materials Market is predicted to evolve in the years to come. There are numerous factors that are stimulating the market growth.

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Semiconductor Materials Market Size 2024-2028

The semiconductor materials market size is forecast to increase by USD 18.1 billion, at a CAGR of 4.4% between 2023 and 2028.

The market is experiencing significant growth due to several key drivers. One major factor is the increasing demand for advanced packaging materials in the consumer electronics industry, particularly for applications such as light-emitting diodes (LEDs) and solar cells. Additionally, the emergence of the Internet of Things (IoT) and Machine-to-Machine (M2M) connections is driving the need for semiconductor materials in the production of transistors and other components. Furthermore, the rollout of 5G technology is expected to fuel the growth of the market, as this next-generation technology requires advanced semiconductor materials for its implementation. Another trend is the adoption of flexible substrates for semiconductor manufacturing, which offers benefits such as improved device flexibility and reduced manufacturing costs.

What will be the Size of the Market During the Forecast Period?

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The market plays a pivotal role in the electronics industry, enabling the creation of small-sized gadgets and powering advanced technologies in various sectors. The market is witnessing significant advancements, driven by the increasing demand for energy generation, data storage, communication, and space applications. Silicon (Si) semiconductors continue to dominate the market due to their versatility and cost-effectiveness. However, alternative semiconductor materials such as germanium (Ge), gallium arsenide (GaAs), silicon germanium, gallium nitride, and pyrite are gaining traction due to their unique properties. Advancements in semiconductor materials have led to the development of advanced node Integrated Circuits (ICs), heterogeneous integration, and 3D memory architectures. These technologies are essential for creating high-performance, power-efficient, and compact electronic devices. Wafer fabrication and packaging materials are crucial components of the market. The demand for flexible substrates and packaging materials is increasing due to the growing popularity of wireless technologies and consumer electronics. In the field of energy generation, semiconductor materials are used extensively in solar cells to convert sunlight into electricity.
The continuous research and development in this area aim to improve the efficiency and durability of solar cells, making them a viable and cost-effective solution for energy generation. Semiconductor materials also play a significant role in data storage devices, where they are used to store and process data. The increasing demand for data storage and the need for faster data processing have led to the development of advanced semiconductor materials and technologies. In the communication sector, semiconductor materials are used in various applications, including light-emitting diodes (LEDs) for fiber optic communication and wireless technologies. The development of advanced semiconductor materials and technologies is essential for improving the speed, efficiency, and reliability of communication networks. The market is expected to grow significantly due to the increasing urbanization and the resulting demand for advanced technologies in various sectors, including transportation, healthcare, and energy. The market is also driven by the growing popularity of small-sized gadgets and the increasing use of semiconductor materials in space applications.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product

  Fab materials
  Packaging materials


Application

  Consumer electronics
  Manufacturing
  Automotive
  Telecommunications
  Others


Geography

  North America

    US


  Europe

    UK
    France


  APAC

    China
    India


  Middle East and Africa



  South America

By Product Insights

The fab materials segment is estimated to witness significant growth during the forecast period.

Semiconductor materials are essential components in the production of integrated circuits (ICs) and other electronic components. These materials are vital for constructing the intricate structures and functions found in modern electronic devices. Advancements in semiconductor manufacturing technologies, including smaller process nodes, FinFET transistor architectures, and advanced packaging techniques, necessitate more precise and specialized semiconductor materials. Enhancing semiconductor manufacturing process efficiency and increasing yield rates are crucial for minimizing costs and expanding output. The increasing global demand for electroni

The Semiconductor Manufacturing Equipment (SME) market is experiencing robust growth, projected to reach $103.34 billion in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 7.74% from 2025 to 2033. This expansion is driven primarily by the increasing demand for advanced semiconductor devices fueled by the proliferation of smartphones, IoT devices, AI applications, and high-performance computing. The market is segmented by application (semiconductor fabrication plants, testing & inspection, semiconductor electronics manufacturing) and type (front-end and back-end equipment). Front-end equipment, encompassing lithography, etching, and deposition systems, currently holds a larger market share due to the complexity and high capital expenditure involved in advanced node fabrication. However, back-end equipment, encompassing packaging and testing solutions, is witnessing significant growth driven by increasing demand for miniaturization and improved device performance. Key players like Applied Materials, ASML, Lam Research, and Tokyo Electron are strategically investing in R&D and acquisitions to consolidate their market positions and cater to the evolving technological demands. Geographic distribution showcases a strong presence across North America, particularly the US, due to established manufacturing hubs and a strong technology ecosystem. The Asia-Pacific region, specifically China and increasingly India, is rapidly emerging as a key growth driver, fueled by substantial investments in domestic semiconductor manufacturing capabilities. Europe, led by Germany, also maintains a significant market presence, contributing to overall market growth. While the market faces challenges like cyclical demand fluctuations and geopolitical uncertainties, the long-term outlook remains positive, driven by continuous advancements in semiconductor technology and the expanding applications of semiconductors across diverse industries. The increasing adoption of automation and AI in manufacturing processes will further fuel the growth of this market in the coming years, leading to higher efficiency and productivity.

In 2024, the Indian semiconductor thyristor market decreased by -36.4% to $328M, falling for the second consecutive year after seven years of growth. Over the period under review, consumption, however, posted a significant expansion. As a result, consumption attained the peak level of $647M. From 2023 to 2024, the growth of the market failed to regain momentum.

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Analog Semiconductor Market Size 2025-2029

The analog semiconductor market size is forecast to increase by USD 35.1 billion at a CAGR of 6.9% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing demand for automotive electronics and advancements in wide-bandgap semiconductors. The automotive industry's shift towards electric and autonomous vehicles is fueling the need for more sophisticated electronics systems, leading to increased demand for high-performance analog semiconductors. Additionally, the ongoing research and development in wide-bandgap semiconductors, such as Gallium Nitride (GaN) and Silicon Carbide (SiC), offer improved power efficiency and miniaturization, making them attractive solutions for various applications. However, challenges remain, including the need to address concerns associated with miniaturization and power efficiency in analog semiconductors. Companies seeking to capitalize on market opportunities must focus on developing innovative solutions that address these challenges while meeting the evolving demands of industries such as automotive, industrial, and consumer electronics. Strategic partnerships, mergers and acquisitions, and investments in R&D are essential for companies to stay competitive and navigate the dynamic market landscape effectively.

What will be the Size of the Analog Semiconductor Market during the forecast period?

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The market is experiencing strong growth, driven by the increasing demand for advanced electronic systems in various industries. Key application areas include consumer electronics, such as smartphones and tablets, communications industry infrastructure, data centers, electric vehicles, and hybrid vehicles. The Internet of Things (IoT) and big data are also significant growth drivers, fueling the need for more sophisticated power management solutions and interface ICs. Analog semiconductors play a crucial role in enabling the functionality of digital devices by processing and transmitting analog signals related to phase, amplitude, and frequency.
Technology enablers, such as integrated circuits, resistors, capacitors, inductors, and diodes, are essential components of these solutions. Overall, the market is expected to continue expanding, driven by the increasing adoption of advanced technologies in various sectors.

How is this Analog Semiconductor Industry segmented?

The analog semiconductor industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Industry Application

  Consumer electronics
  IT and telecommunication
  Automotive
  Manufacturing
  Others


Type

  General purpose
  Application specific


Geography

  APAC

    China
    Japan


  Europe

    Germany
    UK


  North America

    US


  South America



  Middle East and Africa

By Industry Application Insights

The consumer electronics segment is estimated to witness significant growth during the forecast period. The market is experiencing significant growth due to the increasing demand for advanced functionalities in consumer electronics. Devices such as smartphones, feature phones, tablets, and consumer electronics in the communications industry rely on analog semiconductors for signal processing, amplification, and filtering. With the expansion of IoT technology, the need for analog sensors and interfaces is increasing. Analog semiconductors enable IoT devices to interact with their environments by sensing and processing real-world signals from sensors. Furthermore, the proliferation of wireless connectivity in consumer electronics necessitates analog semiconductors for RF signal processing, modulation, and demodulation. Power management is a critical aspect of consumer electronics, and analog components such as voltage regulators and power management ICs are essential for efficiently managing power consumption.

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The consumer electronics segment was valued at USD 14.60 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 49% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The APAC region is experiencing notable growth in the market, driven by the increasing demand for consumer electronics, including smartphones, tablets, and smart TVs. Leading semiconductor manufacturers have established a significant presence in this region, particularly in countries like Taiw

The size of the Industrial Semiconductors Market was valued at USD 343.4 Million in 2023 and is projected to reach USD 833.24 Million by 2032, with an expected CAGR of 13.50% during the forecast period. The industrial semiconductors market is a significant segment of the global semiconductor industry, which caters to industrial applications such as automation, robotics, energy management, transportation, and industrial IoT (IIoT). These semiconductors help in the development of advanced systems for manufacturing efficiency, predictive maintenance, and energy optimisation, which are the backbone of Industry Power management ICs, sensors, microcontrollers, analog devices, and discrete semiconductors are included in industrial semiconductors. They are designed to withstand harsh environments and provide high reliability, extended lifespans, and robust performance under varying temperature and voltage conditions. Key industries driving demand include renewable energy systems, smart factories, automotive electrification, and grid infrastructure. Drivers of growth in the market are growing acceptance of IIoT, increased energy-efficient solution demand, and advances in automation technologies. Asia-Pacific and North America are primarily led by significant investments in industrial infrastructure and semiconductor manufacturing capabilities. The incorporation of AI and ML into industrial systems is among the emerging trends accelerating innovation further. Recent developments include: August 2023: Rajasthan-based Sahasra Semiconductor announced that it will start the commercial production of first made-in-India memory chips. The company has set up its semiconductor assembly, packaging and test unit in Bhiwadi district from where it will primarily package basic memory products such as chip-on-board, and MicroSD cards, and will later move on to advanced packaging of products like internal memory chips., October 2023: Welsh startup Space Forge announced that it will prepare its semiconductor manufacturing satellite into orbit. ForgeStar-1 satellite will be launched from the US that contains an automated chemistry lab that enables the remote mixing of chemical compounds and the development of semiconducting alloys. , March 2023: India 10 signed a Memorandum of Understanding (MoU) with the U.S. that will pave the way for producing a Semiconductor Sub-Committee under the Commercial Dialogue.. Notable trends are: Industry 4.0 and Industrial Internet of Things (IIoT) is driving market growth.

India Semiconductor Rectifier Market Outlook 2027 By Product Type, By Type, By Industry Vertical, By Region, Competition Forecast & Opportunities

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Semiconductor Manufacturing Equipment Market Size 2024-2028

The semiconductor manufacturing equipment market size is forecast to increase by USD 46.68 billion at a CAGR of 7.74% between 2023 and 2028.

The market is experiencing significant growth due to increasing investments in semiconductor fabrication. This trend is driven by the continuous advancements in semiconductors, leading to more complex design patterns. The semiconductor manufacturing equipment industry is responding to these developments by innovating new solutions to meet the demands of this evolving market. The market is also influenced by the proliferation of 5G technology and wireless communications, necessitating higher data rates, spectral efficiency, and 5G connections.
The complexity of semiconductor design requires advanced manufacturing equipment capable of producing smaller, more intricate components. As a result, companies are investing heavily in research and development to stay competitive. This market growth is expected to continue as the demand for semiconductors in various industries, including consumer electronics, automotive, and healthcare, continues to rise.

What will be the Size of the Semiconductor Manufacturing Equipment Market During the Forecast Period?

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The market is characterized by continuous innovation and advancements in technology, driven by the increasing demand for IC chips, semiconductor wafers, and memory chips in various industries. Photolithography tools, etching machines, and measurement machines are essential equipment in this market, enabling the production of complex circuits with ultra-fast speeds, low latency, and high reliability.



Furthermore, the market is witnessing a trend towards the production of low-cost devices, ultra-thin silicon dioxide, secure memory, encryption hardware, and 3D IC manufacturing for functional integration. These advancements are expected to shape the semiconductor manufacturing equipment landscape In the coming years.

How is this Semiconductor Manufacturing Equipment Industry segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Semiconductor fabrication plant or foundry
  Testing and inspection
  Semiconductor electronics manufacturing


Type

  Front end
  Back end


Geography

  APAC

    China
    India


  Europe

    Germany


  North America

    US


  Middle East and Africa



  South America

By Application Insights

The semiconductor fabrication plant or foundry segment is estimated to witness significant growth during the forecast period.

Semiconductor fabrication plants, or fabs, play a crucial role In the market, producing integrated circuits (ICs) and semiconductor components for various industries. In the consumer electronics sector, fabs manufacture ICs for devices such as smartphones, tablets, laptops, and digital cameras, driving demand for advanced lithography systems, deposition equipment, and inspection tools. The automotive industry requires specialized semiconductor equipment for producing ICs used in advanced driver assistance systems (ADAS), infotainment systems, and electric vehicle (EV) components. Industrial applications rely on fabs for semiconductor equipment used in factory automation, robotics, and industrial sensors. Communication infrastructure, including 5G networks and IoT devices, depends on fabs for high-performance ICs and specialized equipment.

Furthermore, semiconductor manufacturing involves complex processes, including photolithography, etching, and measurement, utilizing tools such as EUV lithography equipment, photomasks, and cleanroom facilities. Fabs produce semiconductor devices, including IC architecture, memory, low-cost devices, and ultra-thin silicon dioxide, using materials and machinery supplied by technology, materials, and machinery suppliers. The semiconductor industry faces challenges, including the complexity of wafers, lithography wavelength, and node size, necessitating continuous innovation and expansion plans. Major semiconductor hubs include the US, Japan, South Korea, Taiwan, and China. The semiconductor crisis In the automotive and consumer electronics sectors highlights the importance of these facilities, with 5G networks, connected vehicles, and smart devices driving growth.

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The semiconductor fabrication plant or foundry segment was valued at USD 37.94 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 69% to the growth of the glob