In 2023, revenue from the sale of semiconductors in Europe reached 57.05 billion U.S. dollars, with forecasts projecting it will rise to over 59 billion U.S. dollars in 2024.
Semiconductor market expected to decline before recovering
As the world becomes more reliant on electronics, the potential market for semiconductor manufacturers and retailers will continue to grow. Due to their ability to conduct electricity under some circumstances but not others, they are vital for controlling electrical currents. By adding impurities to a semiconductor, manufacturers are able to customize its conductivity, such as by making it light- or heat-sensitive. 2023 saw the market decline by around nine percent compared to the previous year as a result of global economic challenges. However, the market is expected to grow by 13.1 percent in 2024.
Semiconductor market revenue in Europe from 2006 to 2024
(in billion U.S. dollars)
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WSTS, & SIA. (November 28, 2023). Semiconductor market revenue in Europe from 2006 to 2024 (in billion U.S. dollars) [Graph]. In Statista. Retrieved October 08, 2024, from https://www.statista.com/statistics/267007/forecast-of-semiconductor-revenue-in-europe-since-2006/
WSTS, und SIA. "Semiconductor market revenue in Europe from 2006 to 2024 (in billion U.S. dollars)." Chart. November 28, 2023. Statista. Accessed October 08, 2024. https://www.statista.com/statistics/267007/forecast-of-semiconductor-revenue-in-europe-since-2006/
WSTS, SIA. (2023). Semiconductor market revenue in Europe from 2006 to 2024 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: October 08, 2024. https://www.statista.com/statistics/267007/forecast-of-semiconductor-revenue-in-europe-since-2006/
WSTS, and SIA. "Semiconductor Market Revenue in Europe from 2006 to 2024 (in Billion U.S. Dollars)." Statista, Statista Inc., 28 Nov 2023, https://www.statista.com/statistics/267007/forecast-of-semiconductor-revenue-in-europe-since-2006/
WSTS & SIA, Semiconductor market revenue in Europe from 2006 to 2024 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/267007/forecast-of-semiconductor-revenue-in-europe-since-2006/ (last visited October 08, 2024)
Semiconductor market revenue in Europe from 2006 to 2024 (in billion U.S. dollars) [Graph], WSTS, & SIA, November 28, 2023. [Online]. Available: https://www.statista.com/statistics/267007/forecast-of-semiconductor-revenue-in-europe-since-2006/