Europe Semiconductor Market Overview
Market Size in 2024: USD 126.3 Billion
Market Forecast in 2033: USD 217.1 Billion
Market Growth Rate: 5.7% (2025-2033)
According to the latest report by IMARC Group, the Europe semiconductor market size was valued at USD 126.3 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 217.1 Billion by 2033, exhibiting a CAGR of 5.7% from 2025-2033.
Download sample copy of the Report: https://www.imarcgroup.com/europe-semiconductor-market/requestsample
Europe Semiconductor Industry Trends and Drivers:
The European semiconductor market has witnessed a timely spurt in growth, albeit propelled by a number of key technological developments accompanied by high demand for advanced electronic devices across multiple industries. Most significantly, this change is led by the convergence of 5G, IoT, and AI technologies since these trigger demand for semiconductors as functional building blocks of contemporary electronic devices. The trend toward smart cities, driverless vehicles, and connected infrastructure will further increase semiconductor adoption in diverse applications. As industries in Europe continue to innovate, demand for memory devices, logic devices, ICs, and sensors is on the rise; thus, presenting semiconductor manufacturers with huge growth opportunities.
The automotive and consumer electronics segments are among the biggest end users in the European semiconductor market. The demand for semiconductors for these industries has grown tremendously due to the adoption of electric vehicles (EVs) and advanced driver-assistance systems (ADAS) in the automotive sector. In electric and hybrid vehicles, where power management is key, specialized semiconductor components are required, such as power devices and microcontroller units (MCUs). Besides, semiconductor components' demand is being augmented by the ever-evolving consumer electronics sector due to the rise in popularity of smart devices. Be it a smartphone, laptop, wearable, or smart home device, the demand for high-functioning semiconductor devices keeps increasing, further strengthening the already strong growth route for the European market.
The semiconductor industry is also getting advanced due to innovations in materials like silicon carbide, gallium manganese arsenide, and copper indium gallium selenide for manufacture of these components. Such materials allow for greater efficiency and high-performance devices, which are essential for any next-generation technology. In parallel, Europe is also heavily investing in research and development (R&D) with a view to become an innovator in line with the booming demand for semiconductors. The constant exploration of novel materials by companies along with technological advancements in semiconductors will boost growth in several sectors like telecommunications, aerospace, and healthcare, thereby laying down a continuous and fast-expanding ecosystem of semiconductors within Europe.
Europe Semiconductor Market Forecast & Segmentation:
The report has segmented the market into the following categories:
Breakup by Components:
- Memory Devices
- Logic Devices
- Analog IC
- MPU
- Discrete Power Devices
- MCU
- Sensors
- Others
Breakup by Material Used:
- Silicon Carbide
- Gallium Manganese Arsenide
- Copper Indium Gallium Selenide
- Molybdenum Disulfide
- Others
Breakup by End User:
- Automotive
- Industrial
- Data Center
- Telecommunication
- Consumer Electronics
- Aerospace and Defense
- Healthcare
- Others
Breakup by Country:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
Competitive Landscape:
- The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided.
- Leading companies are heavily investing in research and development (R&D) to innovate and develop advanced semiconductor technologies. This includes exploring new materials, improving manufacturing processes, and enhancing the performance and efficiency of semiconductor components. Furthermore, major players are collaborating with other technology firms, research institutions, and industry partners to share expertise and strengthen their market position. Additionally, leading players are expanding their manufacturing capabilities to meet the increasing demand for semiconductors. Moreover, the companies are diversifying their product portfolios to cater to a broad range of applications.
Europe Semiconductor Market News:
- In December 2023: Intel Corporation and Siemens AG signed a memorandum of understanding (MoU) to advance semiconductor manufacturing production efficiency and sustainability.
- In February 2024: Micron started the mass production of its high-bandwidth memory (HBM) semiconductor for application in Nvidia’s latest chip for artificial intelligence (AI).
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Ask analyst for your customized sample: https://www.imarcgroup.com/request?type=report&id=9425&flag=C
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
