Global Electronics and Semiconductor Materials Market to Reach USD 119.8 Billion by 2034

­According to recent market research, the global electronics and semiconductor materials market (전자 및 반도체 소재 시장) is projected to grow at a compound annual growth rate (CAGR) of over 6.1% from 2024 to 2034, reaching a valuation of US$ 119.8 Billion by the end of 2034.

The global electronics and semiconductor materials market is undergoing a transformative phase, driven by rapid technological advancements, increasing demand for consumer electronics, and the proliferation of emerging technologies such as artificial intelligence (AI), the Internet of Things (IoT), and 5G networks. 

As the backbone of modern electronics, semiconductor materials play a critical role in enabling innovation across industries. This press release provides an in-depth overview of the market, highlighting key demand drivers, recent developments, and compelling reasons to invest in this sector.

This report provides key insights to help manufacturers, investors, and decision-makers identify opportunities, stay competitive, and drive growth.

Market Overview

The electronics and semiconductor materials market encompasses a wide range of materials, including silicon wafers, photoresists, wet chemicals, gases, and specialty metals, which are essential for the fabrication of semiconductors and electronic components. These materials are used in the production of integrated circuits (ICs), memory chips, sensors, and other electronic devices.

Competitive Landscape – Key Players in the Electronics and Semiconductor Materials Market

Recent Developments

The electronics and semiconductor materials market has witnessed several notable developments in recent years, reflecting the industry's dynamic nature and commitment to innovation.

1. Intel's Expansion in Advanced Packaging (2023): Intel announced a USD 20 billion investment to build two new semiconductor fabrication plants in Ohio, focusing on advanced packaging technologies. 
2. TSMC's 3nm Chip Production (2022): Taiwan Semiconductor Manufacturing Company (TSMC) began mass production of 3nm chips, marking a significant milestone in semiconductor technology. 
3. Samsung's Investment in R&D (2023): Samsung Electronics announced a USD 17 billion investment in research and development for next-generation semiconductor materials, including gallium nitride (GaN) and silicon carbide (SiC). 
4. Applied Materials' Breakthrough in EUV Lithography (2022): Applied Materials introduced a new extreme ultraviolet (EUV) lithography system, enabling the production of smaller and more efficient chips. 

Key Demand Drivers

• Rising Demand for Consumer Electronics: The proliferation of smartphones, tablets, laptops, and wearable devices has significantly increased the demand for semiconductors. Consumers are increasingly seeking devices with higher performance, faster processing speeds, and enhanced energy efficiency, driving the need for advanced semiconductor materials.
• Growth of IoT and AI Technologies: The rapid adoption of IoT and AI technologies across industries is fueling demand for semiconductors. These technologies require high-performance chips capable of processing vast amounts of data in real-time, creating opportunities for innovative semiconductor materials.
• Expansion of 5G Networks: The rollout of 5G networks worldwide is a major growth driver for the semiconductor industry. 5G technology requires advanced semiconductors to support higher data speeds, lower latency, and increased connectivity, boosting demand for materials used in their production.
• Automotive Industry Transformation: The automotive sector is undergoing a paradigm shift with the rise of electric vehicles (EVs), autonomous driving, and connected car technologies. These advancements rely heavily on semiconductors for power management, sensors, and communication systems, driving demand for specialized materials.
• Government Initiatives and Investments: Governments worldwide are investing heavily in semiconductor manufacturing to reduce dependency on imports and strengthen domestic supply chains. For instance, the U.S. CHIPS and Science Act and the European Chips Act are expected to inject billions of dollars into the semiconductor industry, creating significant growth opportunities.