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.
Europe Semiconductor Industry Trends and Drivers:
Driven mostly by advances in vital technologies like 5G, the Internet of Things (IoT), and artificial intelligence (AI), the European semiconductor industry is now expanding fast. Demand for semiconductor components is always increasing as companies in different industries more depend on these technologies. Further fueling the growth of the market are the rise of linked gadgets and the requirement for high-performance computing. For instance, the rising reliance on smart gadgets, autonomous vehicles, and sophisticated industrial automation is considerably increasing the demand for vital components including sensors, microprocessors, and memory devices. Industries like healthcare, data centers, and telecommunications are simultaneously integrating these semiconductors to improve operational efficiency and function. The growing use of sensors is especially helping smart and more effective solutions across these industries, from manufacturing to medical diagnostics.
Another major catalyst for the European semiconductor market is the increasing need from the automotive industry, which is moving toward electric vehicles (EVs) and autonomous driving systems. These developments demand the combination of several semiconductor devices including microcontrollers, sensors, and power devices. The performance and efficiency of semiconductors are becoming very important as the automotive sector adjusts to a fast changing environment of electric and autonomous cars. Furthermore, semiconductors are critical for enhancing powertrain function, battery control, and energy management systems in light of the growth of electric mobility and the increasing focus on fuel efficiency. Further driving the rising semiconductor demand is the automotive industry’s growing emphasis on connectivity and smart technologies, hence confirming the industry as a major growth engine in the European semiconductor market.
In Europe, research and development (R\andD) spending is also helping to propel the growth of the semiconductor industry. The performance and reliability of semiconductors are being improved by the great attention given to creating novel materials like silicon carbide and gallium manganese arsenide. Furthermore allowing the creation of more cost-effective and effective parts is the growing investment in the evolution of sophisticated production methods. These developments are not only meeting the particular needs of emerging industries like 5G and artificial intelligence but are also allowing conventional businesses including industrial automation, consumer electronics, and aerospace to flourish. As research and development initiatives advance, Europe is positioned to keep its top position in semiconductor innovation, guaranteeing continuous market growth and technical advancement across several sectors.
For instance, the rising reliance on smart gadgets, autonomous vehicles, and sophisticated industrial automation is considerably increasing the demand for vital components including sensors, microprocessors, and memory devices. Industries like healthcare, data centers, and telecommunications are simultaneously integrating these semiconductors to improve operational efficiency and function. The growing use of sensors is especially helping smart and more effective solutions across these industries, from manufacturing to medical diagnostics.
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Europe Semiconductor Industry 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 competitive landscape of the industry has also been examined along with the profiles of the key players.
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).
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.
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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.
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