The global semiconductor market is on track to reach US$1 trillion this year, fuelled by advances in artificial intelligence, expansion of cloud infrastructure, and the proliferation of advanced consumer electronics. The World Semiconductor Trade Statistics (WSTS) organisation projects the market to expand by 11.2% in 2025, reaching a total value of US$700.9 billion, equivalent to A$1.06 trillion. This follows a robust rebound in 2024, confirming a sustained period of growth for the industry.
The expansion is primarily attributed to the strength in the logic and memory segments, which are expected to post double-digit increases. Segments such as sensors and analogue components are also anticipated to contribute positively, albeit with more moderate growth. Regionally, the Americas and Asia Pacific are expected to lead the growth, with anticipated growth rates of 18% and 9.8%, respectively, while Europe and Japan are projected to show more moderate growth.
Looking ahead, WSTS projects the global semiconductor market to continue its upward trajectory, growing by 8.5% in 2026 to reach US$760.7 billion. This growth is expected to be broad-based across regions and product categories, with memory forecasted to lead, supported by contributions from logic and analogue components. Fortune Business Insights estimates that the Asia Pacific region held a 50.94% market share in 2024, and the US market is expected to increase significantly, reaching an estimated value of US$258.30 billion in 2032.
Taiwan Semiconductor Manufacturing Company (TSMC) is a leading manufacturer of semiconductors, pioneering the Dedicated IC Foundry business model. With a significant share of the global chips market, TSMC serves a diverse range of clients, including tech giants like Apple, Nvidia and Qualcomm. TSMC’s ongoing expansion includes a US$65 billion site in Phoenix, Arizona, and a factory in Dresden, Germany, demonstrating its commitment to meeting the growing demand for semiconductors worldwide.
