How big is the Semiconductor Market?
The global semiconductor market size was USD 527.88 billion in 2021 . The market is projected to grow from USD 573.44 billion in 2022 to USD 1,380.79 billion in 2029 , exhibiting a CAGR of 12.2% during the forecast period. Increasing Consumption of Consumer Electronics & Rising Demand for ICs to Augment Growth Factors such as rising consumption of consumer electronics, increasing disposable income, and rapidly growing population will boost the semiconductor market growth during the forecast period. Additionally, rising urbanization & rising products by industry leaders will increase the footprint of the market. Also, rising demand for Integrated Circuits (ICs) and rising technological advancements will fuel the growth of the market. However, shifting global trade practices are expected to hamper the growth of the market during the forecast period. Also, tariff disruptions will limit the growth of the market. Request a Sample Copy of the Research Report: https://www