July 11, 2024 /SemiMedia/ -- According to the latest report from TechInsights, global semiconductor industry sales are expected to reach $1 trillion in 2030; in addition, total integrated circuit (IC) sales are expected to reach $1 trillion by 2034.

TechInsights said that the semiconductor industry will reach a peak growth rate in 2025, and may then experience negative growth in 2027, but will generally maintain a fluctuating upward trend.

TechInsights: Global semiconductor sales are expected to exceed $1 trillion in 2030-SemiMedia

TechInsights also pointed out that among the various segments of the integrated circuit market, DRAM is expected to show the strongest growth momentum, with revenue more than doubling in the next decade. The surge in demand for integrated circuits is closely related to the widespread application of AI, which has driven up the average selling price (ASP) of semiconductors, thereby increasing overall revenue.

In addition to the AI ​​field, TechInsights believes that other factors are also influencing the development trajectory of the semiconductor industry, such as the expanding digital economy and the rise of electric vehicles.