Imagine life without electronic devices. There would be no smartphones, radios, TVs, computers, video games or advanced medical diagnostic equipment.
Semiconductors are an essential component of electronic devices, enabling advances in communications, computing, healthcare, military systems, transportation, clean energy and countless other applications. Due to their role in the fabrication of electronic devices, semiconductors are an important part of our lives.
The global semiconductor market size was US$527.9 billion ($737.6 billion) in 2021. The market is projected to grow from US$573.4 billion in 2022 to US$1,380.8 billion in 2029, at a CAGR of 12.2% during the forecast period.
