The global semiconductor industry is expanding  at an unprecedented rate. Our analysis suggests  that the industry will grow by 6 to 8 percent per year  through 2030, when it will hit the $1 trillion annual  revenue mark.

Demand from end markets—for uses such as  computing, data storage, wireless communication,  and AI—is responsible for about 60 percent of this  growth. The rest comes from industries that require  mature nodes (wafers less than 200 millimeters  [mm]), such as the automotive, industrial, and wiredcommunication segments. And while the dynamics  in end markets that require leading-edge chips  (such as in computing and AI) may create minor  fluctuations in demand, the semiconductor industry  will grow overall, at least for the next decade.