The semiconductor industry is the aggregate of companies engaged in the design and fabrication of semiconductors and semiconductor devices, such as transistors and integrated circuits. It formed around 1960, once the fabrication of semiconductor devices became a viable business. The industry's annual semiconductor sales revenue has since grown to over $481 billion, as of 2018.[1]
The semiconductor industry is in turn the driving force behind the wider electronics industry,[2] with annual power electronics sales of £135billion ($216 billion) as of 2011,[3] annual consumer electronics sales expected to reach $2.9 trillion by 2020,[4] tech industry sales expected to reach $5 trillion in 2019,[5] and e-commerce with over $29 trillion in 2017.[6] In 2019, 32.4% of the semiconductor market segment was for networks and communications devices.[7]
In 2021, the sales of semiconductors reached a record $555.9 billion, up 26.2 percent, with sales in China reaching $192.5 billion, according to the Semiconductor Industry Association. A record 1.15 trillion semiconductor units were shipped in the calendar year.[8] The semiconductor industry is projected to reach $726.73 billion by 2027.[9]
^Cite error: The named reference deloitte was invoked but never defined (see the help page).
^"Annual Semiconductor Sales Increase 21.6 Percent, Top $400 Billion for First Time". Semiconductor Industry Association. 5 February 2018. Retrieved 11 October 2019.
^"Power Electronics: A Strategy for Success" (PDF). Government of the United Kingdom. Department for Business, Innovation and Skills. October 2011. Retrieved 11 October 2019.
^"Global Consumer Electronics Market to Reach US$ 2.9 Trillion by 2020 - Persistence Market Research". PR Newswire. Persistence Market Research. 3 January 2017. Retrieved 11 October 2019.
^"IT Industry Outlook 2019". CompTIA. January 2019. Retrieved 11 October 2019.
^"Global e-Commerce sales surged to $29 trillion". United Nations Conference on Trade and Development. 29 March 2019. Retrieved 13 October 2019.
^Kamal, Kamal Y. (2022). "The Silicon Age: Trends in Semiconductor Devices Industry" (PDF). Journal of Engineering Science and Technology Review. 15 (1): 110–115. doi:10.25103/jestr.151.14. ISSN 1791-2377. S2CID 249074588. Retrieved 2022-05-26.
^Kharpal, Arjun (2022-02-15). "Global semiconductor sales top half a trillion dollars for first time as chip production gets boost". CNBC. Retrieved 2022-02-15.
^Kamal, Kamal Y. (2022). "The Silicon Age: Trends in Semiconductor Devices Industry" (PDF). Journal of Engineering Science and Technology Review. 15 (1): 110–115. doi:10.25103/jestr.151.14. ISSN 1791-2377. S2CID 249074588. Retrieved 2022-05-26.
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