Overview of the Market for Semiconductor And Related Device in the USA

In 2018, the U.S. semiconductor and related device market decreased by -% to $, falling for the second consecutive year after two years of growth. In general, consumption saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of % against the previous year. Semiconductor and related device consumption peaked at $ in 2013; however, from 2014 to 2018, consumption failed to regain the momentum.

In value terms, semiconductor and related device production reduced to $ in 2018. Over the period under review, production recorded a abrupt decrease. The growth pace was the most rapid in 2015 with an increase of % year-to-year. Over the period under review, production reached the peak level at $ in 2013; however, from 2014 to 2018, production stood at a somewhat lower figure.

In 2018, approx. tonnes of semiconductor and related devices were consumed in the U.S.; shrinking by -% compared with 2017. In general, consumption recorded a slight descent. The growth pace was the most rapid in 2015 when the consumption volume increased by % year-to-year. Semiconductor and related device consumption peaked at tonnes in 2013; however, from 2014 to 2018, consumption failed to regain the momentum.

The value of the semiconductor and related device market in the U.S. reduced to $ in 2018, shrinking by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2015 with an increase of % y-o-y. Over the period under review, the market hit record highs at $ in 2013; however, from 2014 to 2018, consumption remained at a lower figure.

Driven by rising demand for semiconductor and related device in the U.S., the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +% for the period from 2018 to , which is projected to bring the market volume to tonnes by the end of .

Driven by a growing demand, the share of imports in total supply in the U.S. increased significantly over the last five years (from % to %).

The U.S. remains a net importer of semiconductor and related device; in physical and value terms, imports consistently exceeded exports from 2013 to 2018. In 2018, there was a significant trade deficit of tonnes, which was equal to $-. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.