- The US had 54 percent of the total worldwide IC market in 2021.
- China holds 4 percent of the global semiconductor market share.
- Experts say that the United States is likely to hold the majority till 2025.
The United States captures the global IC market share with 54 percent in 2021. While the US holds the majority of shares, the rest of the share is split into south Asian countries consisting of South Korea having the second-highest 22 percent share followed by Taiwan, Japan and China. Except for the US and South-East Asian dominance, the European countries have a 6 percent share.
In comparison to the US holding lion's share, China has only 4 percent of the global semiconductor market share, as per
IC Insights. Here’s what the list looks like-
| Country/Region | Market share in 2021 (as per, IC Insights) |
| United States | 54% |
| South Korea | 22% |
| Taiwan | 9% |
| European countries | 6% |
| Japan | 6% |
| China | 4% |
Transform talent with learning that worksCapability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More The South Korean companies have shown a weak presence and the Taiwanese and Chinese companies also had a low contribution. The US companies have shown a balanced growth in respective IDM, fabless, and total IC industry market share.
In 2021, the Japanese companies have seen a descent that first began in 1990. Japanese companies used to share almost half of the worldwide IC market share back in 1990. The European companies' market share decline is not steep as the Japanese companies.
As of 2021, we can assume that dominant players in the global semiconductor market will be Asia-Pacific and North America, as they have seen a growth of 4 percent in 1990 to 34 percent in 2021.
United States industry overviewThe U.S exports semiconductors for $49 billion in 2020. Semiconductors constituted the largest share of U.S exports when compared to all electronic products.
In 2020, the United States held 47.2 percent of the total semiconductor market share, the highest of any country’s share in the industry. Other countries’ industries have between 5 percent and 20 percent global market share.
SEE ALSO:Apple will host WWDC 2022 from June 6 to June 10 — here's what to expectGoogle Maps to roll out estimated toll prices across India, US, Japan and IndonesiaIntel suspends operations in Russia, will continue to support Russian employees
Next Story
Global stocks rally even as Sensex, Nifty fall sharply on Friday
In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
SBI Life Q4 profit rises 4% to ₹811 crore
IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study
