Global Electronics and Semiconductor Materials Market to Reach $119.8 Billion by 2034

The electronics and semiconductor materials market is growing with AI, 5G, and automotive advancements. Key players like TSMC and Intel invest in SiC and GaN for high-performance chips.

According to recent market research, the global electronics and semiconductor materials market (전자 및 반도체 소재 시장) is projected to grow at a compound annual growth rate (CAGR) of over 6.1% from 2024 to 2034, reaching a valuation of US$ 119.8 Billion by the end of 2034.

The global electronics and semiconductor materials market is undergoing a transformative phase, driven by rapid technological advancements, increasing demand for consumer electronics, and the proliferation of emerging technologies such as artificial intelligence (AI), the Internet of Things (IoT), and 5G networks.

As the backbone of modern electronics, semiconductor materials play a critical role in enabling innovation across industries. This press release provides an in-depth overview of the market, highlighting key demand drivers, recent developments, and compelling reasons to invest in this sector.

This report provides key insights to help manufacturers, investors, and decision-makers identify opportunities, stay competitive, and drive growth.

Market Overview

The electronics and semiconductor materials market encompasses a wide range of materials, including silicon wafers, photoresists, wet chemicals, gases, and specialty metals, which are essential for the fabrication of semiconductors and electronic components. These materials are used in the production of integrated circuits (ICs), memory chips, sensors, and other electronic devices.

Competitive Landscape – Key Players in the Electronics and Semiconductor Materials Market

Company Key Materials Application Focus
TSMC Advanced silicon wafers AI chips, high-speed processors
Intel Corporation High-performance semiconductor materials Data centers, AI computing
Samsung Electronics Memory chips, advanced Si wafers Consumer electronics, 5G devices
STMicroelectronics SiC and GaN power semiconductors Automotive, IoT, industrial automation
Wolfspeed (Cree Inc.) Silicon carbide (SiC) power devices EVs, power electronics
ON Semiconductor GaN-based power semiconductors 5G, energy-efficient devices
ROHM Semiconductor Advanced SiC materials Automotive, high-performance computing
GlobalFoundries Custom semiconductor manufacturing Aerospace, AI, IoT applications

Recent Developments

The electronics and semiconductor materials market has witnessed several notable developments in recent years, reflecting the industry’s dynamic nature and commitment to innovation.

  1. Intel’s Expansion in Advanced Packaging (2023): Intel announced a USD 20 billion investment to build two new semiconductor fabrication plants in Ohio, focusing on advanced packaging technologies.
  2. TSMC’s 3nm Chip Production (2022): Taiwan Semiconductor Manufacturing Company (TSMC) began mass production of 3nm chips, marking a significant milestone in semiconductor technology.
  3. Samsung’s Investment in R&D (2023): Samsung Electronics announced a USD 17 billion investment in research and development for next-generation semiconductor materials, including gallium nitride (GaN) and silicon carbide (SiC).
  4. Applied Materials’ Breakthrough in EUV Lithography (2022): Applied Materials introduced a new extreme ultraviolet (EUV) lithography system, enabling the production of smaller and more efficient chips.

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Key Demand Drivers

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