European Semiconductor Market Poised for Robust Growth, Reaching USD 97.30 Billion by 2030

The European Semiconductor Market, valued at USD 53.47 billion in 2023, is set for strong expansion, projected to reach nearly USD 97.30 billion by 2030, growing at a CAGR of 8.93%. Semiconductors—primarily silicon-based materials and devices—form the backbone of modern electronics, enabling everything from consumer gadgets to advanced AI, 5G networks, automotive systems, and IoT solutions. Europe’s semiconductor sector plays a pivotal role in the global technology supply chain, spanning design, manufacturing, and distribution of components that power smartphones, computers, industrial machinery, and telecommunications infrastructure.

Recent strategic investments underscore Europe’s commitment to strengthening its semiconductor capabilities. In October 2022, STMicroelectronics announced plans to construct a USD 771.93 million silicon carbide wafer plant in Italy, a move aligned with EU initiatives to localize chip production and meet surging automotive and industrial demand. Similarly, BASF’s investment in a commercial-scale battery recycling facility in Schwarzheide, Germany, set to start in early 2024, supports growing demand for lithium-ion batteries essential for semiconductor devices.

► Get a sample of the report:https://www.maximizemarketresearch.com/request-sample/85994/

Driving Factors: EU Chips Act and Automotive Innovations

The European Union’s proactive measures, notably the EU Chips Act adopted in July 2023, are driving market growth. The “Chips for Europe” initiative seeks to mobilize up to USD 45.47 billion in funding, with USD 3.49 billion from the EU budget, to foster local semiconductor production, innovation, and technological sovereignty. The Act aims to mitigate global chip shortages, reduce reliance on foreign suppliers, and target 20% of the global semiconductor market by 2030, up from 10% in 2022. This initiative is expected to create high-quality jobs, enhance local manufacturing, shorten supply chains, and secure critical components for Europe’s technology ecosystem.

The automotive sector is another significant growth driver. Europe’s shift toward electric vehicles (EVs) and autonomous driving solutions has spiked demand for high-performance semiconductors. Specialized chips for power management, battery optimization, and advanced driver-assistance systems (ADAS) are integral to EVs, smart vehicles, and charging infrastructure. The European semiconductor industry supports this transformation, diversifying its applications beyond consumer electronics and capitalizing on green mobility initiatives.

Segment Analysis and Emerging Applications

Integrated Circuits (ICs) dominate the European semiconductor market due to their versatility across computing and telecommunications. Discrete and power semiconductors are rapidly growing, driven by energy efficiency and EV applications. Optoelectronics and sensors are gaining traction in autonomous vehicles, IoT, and healthcare technologies. Application-wise, consumer electronics and automotive segments lead market demand, while industrial automation, telecommunications, healthcare, and energy sectors are expanding the market’s scope, fueled by 5G adoption and Industry 4.0 initiatives.

► Get a sample of the report:https://www.maximizemarketresearch.com/request-sample/85994/

Germany remains a cornerstone of the European semiconductor market, leveraging its robust automotive and industrial sectors, particularly EV and Industry 4.0 technologies. Hungary is emerging as a growing hub, with forecasted revenue of USD 2.5 billion, supported by foreign investment and local manufacturing capabilities. France focuses on optoelectronics, sensor technology, and green energy solutions, aligning with the EU Chips Act objectives. Serbia, though smaller in scale with a projected USD 88.4 million revenue, is gradually establishing niche capabilities in telecommunications and industrial applications.

Competitive Landscape

The European semiconductor market is highly competitive, with Infineon Technologies and STMicroelectronics leading the charge. Infineon, headquartered in Germany, dominates power semiconductors, especially in automotive applications, while STMicroelectronics, based in Switzerland, excels in ICs and sensor technologies across industrial and healthcare segments. Both companies are investing heavily in R&D, advanced manufacturing, and strategic partnerships to secure market leadership, ensuring Europe meets its ambitious target of capturing 20% of the global semiconductor market by 2030.

► Get to Know More About This Market Study:https://www.maximizemarketresearch.com/market-report/european-semiconductor-market/85994/

Key Players in the European Semiconductor Market

• Infineon Technologies AG (Germany)

• STMicroelectronics N.V. (Switzerland/France)

• NXP Semiconductors (Netherlands)

• ASML Holding N.V. (Netherlands)

• Dialog Semiconductor (UK/Germany)

• Bosch Group (Germany)

• Soitec (France)

• GlobalFoundries (Germany)

• ams-OSRAM AG (Austria)

• ARM Holdings (UK)

• Melexis N.V. (Belgium)

• X-FAB Silicon Foundries (France)

• Tower Semiconductor (Germany)

• CEA-Leti (France)

• Nordic Semiconductor ASA (Norway)

The European semiconductor market is on a trajectory of sustained growth, driven by strategic investments, technological advancements, and supportive policy frameworks. With a focus on localization, innovation, and green technology, Europe is poised to strengthen its semiconductor ecosystem, ensuring resilience and competitiveness in the global technology arena.

Latest cutting-edge research from Maximize Market Research is now trending:

Microalgae market https://www.maximizemarketresearch.com/market-report/global-microalgae-based-products-market/63970/ 

Nail Art Printer Market https://www.maximizemarketresearch.com/market-report/nail-art-printer-market/218782/ 

E House Market https://www.maximizemarketresearch.com/market-report/global-e-house-market/28068/ 

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

Contact Maximize Market Research:

3rd Floor, Navale IT Park, Phase 2

Pune Banglore Highway, Narhe,

Pune, Maharashtra 411041, India

sales@maximizemarketresearch.com 

+91 96071 95908, +91 9607365656