Global semiconductor market seen topping $1 trillion by 2030

The Business Research Company says the semiconductor market is on track to reach $1.04 trillion by 2030, driven by AI data centers, 5G, consumer electronics and government-backed chip manufacturing. Asia-Pacific is expected to lead the market, with China projected as the largest country market.

Why it matters: - The semiconductor market underpins AI, consumer devices, telecom networks, automotive systems and industrial automation. - The projected rise to more than $1 trillion by 2030 signals continued demand for chips, packaging, fabrication capacity and specialized memory. - The shift also shows how governments and cloud providers are reshaping where chips are made and which chip types matter most.

What happened: - The Business Research Company projected the global semiconductor market will reach $1,036.9 billion by 2030, growing at a 9.3% CAGR. - The market is forecast to account for about 62% of the broader Semiconductor and Other Electronic Components category by 2030. - Asia-Pacific is projected to become the largest regional market by 2030 at $534 billion. - China is expected to be the largest country market at $275 billion in 2030. - NVIDIA ranked first in global semiconductor sales in 2025 with a 5% market share.

The details: - Asia-Pacific’s market is projected to rise from $330 billion in 2025 to $534 billion in 2030, a 10% CAGR. - The region’s growth is tied to expanded fabrication capacity in Taiwan, South Korea, China and Japan. - China’s market is projected to grow from $175 billion in 2025 to $275 billion in 2030, also at a 10% CAGR. - The report says the “others” product category will be the largest segment by 2030, with 35% of the market, or $364 billion. - The company said logic devices, MPU, power devices, MCU, analog IC, memory devices, sensors and discrete power devices will all add value by 2030. - Memory devices are projected to add $64 billion, while the “others” segment is projected to add $111 billion between 2025 and 2030. - The report estimates the semiconductor market will make up nearly 19% of the broader Electrical and Electronics industry, which is forecast at $5,579 billion by 2030. - NVIDIA’s compute and networking division supplies GPUs, AI accelerators, high-performance computing chips and networking semiconductors. - The top 10 semiconductor companies accounted for 12% of total revenue in 2025, showing a moderately fragmented market. - The leading 2025 shares cited in the report were NVIDIA at 5%, Samsung at 3%, Taiwan Semiconductor Manufacturing Company at 2% and SK hynix at 1%. - Other major companies listed include Qualcomm, Broadcom, Micron, AMD, Intel, ASE Technology Holding, Microchip Technology, ON Semiconductor, Renesas, MediaTek, Texas Instruments, SMIC, Analog Devices, Kioxia, GlobalFoundries, Infineon, NXP, Tower Semiconductor and STMicroelectronics. - The report also names major suppliers such as Shin-Etsu Chemical, SUMCO, GlobalWafers, Siltronic, SK Siltron, Soitec, Air Liquide, Linde, BASF, Merck, Entegris, DuPont, JSR, Tokyo Ohka Kogyo, Dow, Cabot Microelectronics, Resonac, Fujifilm, Versum Materials, Kanto Chemical, Mitsubishi Chemical, Henkel, Tosoh, Umicore and Materion. - Distributors listed include Arrow Electronics, Avnet, WPG Holdings, Digi-Key, Mouser, TTI, Future Electronics, RS Group, Newark, Allied Electronics & Automation, Rutronik, Macnica, Marubeni Information Systems, Rochester Electronics, Fusion Worldwide, Smith & Associates, Richardson RFPD, Master Electronics, PEI-Genesis, Sager Electronics, Heilind Electronics, Powell Electronics, element14, Chip One Stop and CoreStaff.

Between the lines: - The report points to a market increasingly shaped by AI hardware, not just smartphones and PCs. - Demand is shifting toward specialized chips, advanced packaging and high-bandwidth memory as AI moves from training to inference. - Government incentives remain a major competitive factor as countries try to localize supply chains and reduce import dependence. - The report also says hyperscale cloud providers have installed more than 1.5 million GPUs for AI training, adding strain to advanced-node capacity and supply chains. - Substrate lead times have exceeded 40 weeks, and AI hardware replacement cycles have shortened from about five years to three.

What's next: - The report expects consumer electronics, wireless infrastructure, AI data centers and domestic chip programs to keep supporting demand through 2030. - It also expects continued investment in fabrication, packaging, materials and AI-specific accelerators. - The Business Research Company said future report editions will include market attractiveness scoring, TAM analysis, company scoring matrices, Excel forecasting dashboards and market hotspot graphics.

The bottom line: - Semiconductors are moving from a cyclical hardware market to core infrastructure for AI and connected devices, with Asia-Pacific and China set to capture much of the next wave of growth. - More information is available in the report and the sample request.