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The semiconductor market's secular growth will be a long-term tailwind for TSMC According to McKinsey, the global semiconductor market could cross annual revenue of $1 trillion by 2030, as ...
Forecasts estimate phenomenal growth for the nascent market, going from $184 billion in global sales in 2024 to nearly $827 billion by 2030. Nvidia (NASDAQ: NVDA) has been a big beneficiary of the ...
According to ABI Research, the AI software market could clock annual growth of 30% through 2030, generating an annual revenue of $391 billion at the end of the forecast period.
The global market for Electronics Manufacturing Services (EMS) reached an estimated value of US$504.2 billion in 2023 and is projected to grow at a CAGR of 4.94% during the forecast period 2024-2030, reaching a revised size of US$707.5 billion by 2030. [5] The EMS industry is commonly divided into Tiers by their revenue: [6] Tier 1: >$5 Billion
Those benefits underpin a forecast from McKinsey that the silicon carbide market will expand from about $2 billion in 2023 to more than $11 billion by 2030, primarily due to growth in EV adoption.
Unique features of the industry include continuous growth but in a cyclical pattern with high volatility. While the current 20-year annual average growth of the semiconductor industry is on the order of 13%, this has been accompanied by equally above-average market volatility, which can lead to significant if not dramatic cyclical swings.
Moreover, investors should remember that Grand View Research forecasts the global AI chip market will grow at a compound annual growth rate of 29% through 2030.
South Korea held a 17.7 percent share in the global semiconductor market in 2022, and continued to be the second largest in the world for the 10th consecutive year since 2013. [1] The country accounted for 60.5% of the global memory semiconductor market, with a DRAM market share of 70.5% and a NAND market share of 52.6%.