The global semiconductor market, valued at USD 699.06 billion in 2024, is projected to grow from USD 800.98 billion in 2025 to USD 2,769.59 billion by 2034, exhibiting a CAGR of 14.8% during 2025–2034. This robust growth trajectory underscores the increasing strategic importance of semiconductors across various industries, including consumer electronics, automotive, telecommunications, and industrial applications. North America and Asia Pacific are at the forefront of this expansion, each influenced by unique geopolitical, technological, and policy factors that shape demand and market dynamics.
In North America, particular
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