info@marketresearchfuture.com   📞 +1 (855) 661-4441(US)   📞 +44 1720 412 167(UK)   📞 +91 2269738890(APAC)

Global Semiconductor Industry To See a Rise In 2023

By Aarti Dhapte , 21 June, 2023

Automotive, telecommunication, and industrial equipment markets, among others, influence the semiconductor market industry. Asian countries play a significant role in the semiconductor market share compared to European and American countries. China is the largest consumer of semiconductors. 

Various factors are leading to the growth of the global semiconductor industry, geopolitical and macroeconomic factors being the major ones. According to a recent source, the semiconductors market is expected to generate a revenue of USD 599.80 billion in 2023. Since China is the largest consumer of semiconductors, most of the revenue is expected to come from China in global comparison, up to USD 217.10 billion in 2023. The semiconductor industry is supposed to see products like diodes, transistors, DRAM, analog to digital converters, and LEDs, among others, for the booming economy. Optoelectronics like LEDoptical switches, etc., the market is expected to reach USD 48.77 billion in 2023; among all other countries, China will see a revenue production of USD 18,750 million in 2023. The optoelectronics market generates revenue in both offline and online sales channels; its usage is more in day-to-day activities the market produces more income. But the largest market of the semiconductor industry is integrated circuits, with a market volume of USD 488.8 billion in 2023.

According to the data given by Deloitte, 2023 will provide ample opportunities for the semiconductor industry to grow and start a new one by overcoming the shortage of chips. Rising interest rates and high inflation are one of the primary reasons for the downfall of the semiconductor industry in 2022.

2022F Sales Growth Rates of Major Product Categories

2022F-Sales.jpg

Latest News

Overview.png
Africa Off-Grid Solar Solutions Rural Electrification Market Sees Surge in Investment and Innovation in 2025

In 2025, Africa is witnessing significant transformation in the off-grid solar drive rural electrification. With a fast-growing population, and steady expansion of commercial sectors, the demand for clean and affordable energy solutions has been…

Read More

India-MedTech-Market-in-2025.jpg
Policy Shifts and Economic Impact on India MedTech Market in 2025

The India MedTech market in 2025 is set for profound shifts owing to new regulations as well as the increased focus on domestic manufacturing. With the post-pandemic healthcare needs soaring, the government's policy spending in 2025 aims to turn…

Read More

Indian-Fermented-Drinks-Market-in-2025.jpg
Health Trends and Innovations are Set to Drive the Indian Fermented Drinks Market in 2025

The market for fermented beverages in urban areas of India is expected to grow tremendously by the end of 2025. This increase is attributed to the growing interest in health and wellness, shifting towards more functional drinks, and fermented…

Read More

New-Tax-Credit-Boosts-U.S.-Wind-Energy-Projects-in-2025.jpg
Policy Pulse New Tax Credit Boosts US Wind Energy Projects in 2025

In 2025, the United States (U.S.) Energy and Power (EnP) market is seeing renewed momentum as a new federal tax credit for wind energy projects takes effect under the Inflation Reduction Act (IRA) expansion. The revised Production Tax Credit (PTC)…

Read More

s-Impact-on-Product-Transparency.jpg
Inside 2025’s Clean Label Surge: Gen Z’s Impact on Product Transparency

The year 2025 in the clean label market is undergoing a major shift spurred by ever-increasing Gen Z clean-label product demand. This generation is known for focusing on health, sustainability, and transparency of the ingredients, and it is a…

Read More

Author Pic
Aarti Dhapte

Team Lead - Research