AS Dominate the Global Semiconductor Market in 2024

According to the Semiconductor Industry Association (SIA), six countries held the highest semiconductor market share in the world in 2024.

The United States (US) ranked first with a 50.4% share that year. The SIA stated that the US has maintained this share since 1997.

"In 1997, the industry regained its leadership position with a 50% global market share, a position it still holds today," wrote the SIA in its 2025 SIA Factbook report, cited on Friday (8/8/2025).

However, the US semiconductor industry experienced significant fluctuations and a considerable decline in global market share during the 1980s.

This was due to fierce competition from Japanese-based companies, the impact of illegal dumping practices, and a severe industry recession from 1985 to 1986. As a result, the US industry lost a total of 19 points of global market share and ceded industry leadership to the Japanese semiconductor industry.

The US semiconductor market thrived by maintaining its advantage in microprocessors and other advanced devices, and continued to lead in various other product areas.

"Furthermore, US semiconductor companies maintain a leading position in R&D [research and development], design, and process technology," wrote the SIA.

Meanwhile, the market share of other countries was significantly lower, ranging from 4% to 21%. These include South Korea, the European Union, Japan, Taiwan, and China, as shown in the graph.

The SIA reported that global semiconductor sales increased from US$139 billion in 2001 to US$630.5 billion in 2024. The compound annual growth rate (CAGR) was 6.8% per year.

Quoting the World Semiconductor Trade Statistics (WSTS) report, the SIA stated that global semiconductor industry sales are projected to increase to US$697.2 billion in 2025 and to US$738.6 billion in 2026.

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