U.S. Semiconductor Devices Market To Witness Massive Growth By 2030

U.S. Semiconductor Devices Market Summary

The U.S. semiconductor devices market size was valued at USD 9.17 billion in 2024 and is projected to expand at a CAGR of 7.3% from 2025 to 2030. This market is witnessing robust growth as semiconductor devices continue to play a central role across multiple applications, including wired communication, consumer electronics, industrial electronics, automotive electronics, wireless communication, and computing & data storage. With the rising integration of 5G technology, the Internet of Things (IoT), Artificial Intelligence (AI), and machine learning, the demand for semiconductor devices is expected to accelerate further, solidifying their importance in the digital economy.

Technological trends in the U.S. semiconductor devices industry increasingly focus on the integration of advanced materials such as GaN (Gallium Nitride) and SiC (Silicon Carbide). These materials, owing to their wider bandgaps, deliver significant advantages including higher voltage resistance, faster switching speeds, and improved thermal efficiency. Their adoption is particularly vital in sectors requiring enhanced reliability and robust performance under challenging conditions. This shift toward GaN and SiC is fueling innovation in power electronics and high-frequency devices, strengthening the efficiency, durability, and adaptability of semiconductor components.

Key Market Trends & Insights

• The GaN (Gallium Nitride) segment accounted for a revenue share of 24.1% in 2024. The growth of this segment is primarily attributed to the superior performance capabilities of GaN-based semiconductor devices, which provide better efficiency and functionality compared to conventional silicon-based devices.
• The power electronics segment dominates the U.S. semiconductor devices market in 2024 and is expected to maintain its lead during the forecast period. The growing adoption of electric vehicles, renewable energy systems, and industrial automation solutions underscores the need for advanced power conversion and control, making power electronics indispensable across these industries.
• The electronics and consumer goods segment represents a major share of the U.S. semiconductor devices market in 2024. Strong demand for smartphones, televisions, smart home appliances, and wearable devices continues to fuel segment growth. As these consumer products become increasingly advanced with integrated connectivity and intelligence, the requirement for cutting-edge semiconductors to support their performance also expands.
• The telecommunication segment is projected to experience notable growth during the forecast period. This is largely driven by the aggressive deployment of 5G networks globally, which has heightened the demand for advanced RF chips, baseband processors, and other semiconductor devices capable of enabling high-speed data transmission and low-latency communication.

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Market Size & Forecast

• 2024 Market Size: USD 9.17 billion
• 2030 Projected Market Size: USD 14.48 billion
• CAGR (2025 - 2030): 7.3%

Key Companies & Market Share Insights

Several key companies shape the competitive landscape of the U.S. semiconductor devices industry, including Samsung Semiconductor, Inc., Qorvo, Inc., Skyworks Solutions, Inc., Intel Corporation, Texas Instruments Incorporated, Broadcom Inc., Wolfspeed, Inc., and Analog Devices, Inc. These companies are focused on growth strategies such as regional expansion, mergers, acquisitions, partnerships, and technological collaborations to expand market share and strengthen their competitive positioning.

Samsung Semiconductor, Inc., a subsidiary of Samsung Electronics, Ltd, is a leading manufacturer of semiconductor products including SSDs, DRAM, LEDs, display ICs, energy storage devices, image sensors, processors, and power ICs. The company also benefits from its integration with Samsung Electronics’ broader portfolio of consumer electronics, smartphones, TVs, tablets, and wearable devices.

Intel Corporation, one of the most established players in the market, specializes in central processing units, semiconductors, and related devices. Operating across multiple segments such as Data Center and AI, Client Computing Group, Network and Edge, Intel Foundry Services, and Mobileye, the company offers a wide range of products including processors, programmable devices, AI accelerators, FPGAs, and software solutions. This diversified structure allows Intel to serve multiple end-user markets, from consumer electronics to enterprise-level data centers.

Key Players

• Samsung Semiconductor, Inc.
• Qorvo, Inc.
• Skyworks Solutions, Inc.
• Intel Corporation
• Texas Instruments Incorporated
• Broadcom Inc.
• WOLFSPEED, INC.
• Analog Devices, Inc.
• Microchip Technology Inc.
• MACOM Technology Solutions Holdings, Inc.
• GlobalFoundries Inc.
• GPD Optoelectronics Corp.
• NTE Electronics, Inc.

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Conclusion

The U.S. semiconductor devices market is positioned for sustained expansion as technological innovation, rising digital adoption, and advanced material integration transform the industry landscape. With applications spanning consumer electronics, telecommunications, automotive, renewable energy, and industrial automation, semiconductors have become a backbone of technological progress. The integration of GaN and SiC materials is set to redefine efficiency standards in high-performance electronics. Meanwhile, major players such as Samsung, Intel, and Texas Instruments are advancing strategies through innovation and partnerships. Looking ahead, the U.S. semiconductor market will remain pivotal to global technology growth, powering next-generation devices, smarter infrastructure, and a more connected future.