semiconductor sales reach unprecedented heights with $600 billion milestone

2025-02-10 general

Global, Monday, 10 February 2025.
In an extraordinary leap for the semiconductor industry, global sales in 2024 have surged past $600 billion, reaching $627.6 billion. This represents a remarkable 19.1% growth from 2023, highlighting the industry’s robust recovery and dominance in the global economy. The American market showed exceptional growth with a 44.8% increase, fueled by significant US investment in manufacturing and innovation. Meanwhile, China’s market boasted an 18.3% rise, driven by domestic demand and technological advancement. However, Japan and Europe experienced declines, struggling with innovation pace and geopolitical uncertainties. Sales of logic and memory products soared, with memory sales achieving a staggering 78.9% increase. Industry experts predict continuous growth in the coming years, influenced by the rising demand for AI and advanced technologies. This monumental achievement not only emphasizes the critical role of semiconductors in modern technology but also shapes the future economic landscape.

Record-breaking market performance

The semiconductor industry has achieved an unprecedented milestone as global sales reached $627.6 billion in 2024, marking a significant 19.1 percent increase from the previous year [1][2]. This historic achievement stems from robust demand across multiple sectors, with logic products leading at $212.6 billion in sales [1][3]. The market demonstrated particular strength in the fourth quarter, generating $170.9 billion in revenue, showing a 17.1 percent year-over-year growth [1].

Regional market dynamics

Regional performance varied significantly across global markets. The Americas emerged as the strongest performer with a remarkable 44.8 percent growth [1][2]. China, the world’s largest semiconductor consumer market, recorded an 18.3 percent increase [1]. However, some regions faced challenges, with Japan experiencing a 0.4 percent decline and Europe seeing a more substantial 8.1 percent drop [1][3].

Memory sector surge

The memory segment demonstrated exceptional growth in 2024, with total sales reaching $165.1 billion, representing a 78.9 percent increase [1][2]. DRAM products led this surge with an impressive 82.6 percent growth, marking the highest percentage increase across all product categories [1]. High-bandwidth memory (HBM) emerged as a crucial driver, accounting for 13.6% of DRAM revenue [6].

AI driving future growth

Industry experts project continued expansion, with Gartner forecasting semiconductor revenue to reach $705 billion in 2025 [6]. SIA’s market research director Greg LaRocca highlights artificial intelligence as a key growth driver, with AI-related logic chip sales increasing by 81 percent in 2024 [1]. The rapid adoption of AI technologies in data centers has established them as the second-largest semiconductor market after smartphones [6].

Bronnen

Semiconductor Sales