Korea Semiconductor Device Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Korea Semiconductor Device Market is Segmented by Device Type (Discrete Semiconductors, Optoelectronics, Sensors, and Integrated Circuits (Analog, Logic, Memory, Micro (Microprocessors, Microcontrollers, and Digital Signal Processors))), End-User Vertical (Automotive, Communication (Wired and Wireless)), Consumer, Industrial, and Computing/Data Storage). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Korea Semiconductor Device Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Korea Semiconductor Device Market Size

Korea Semiconductor Device Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 122.85 Billion
Market Size (2030) USD 180.93 Billion
CAGR (2025 - 2030) 8.05 %
Market Concentration Low

Major Players

Korea Semiconductor Device Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Korea Semiconductor Device Market Analysis

The Korea Semiconductor Device Market size is estimated at USD 122.85 billion in 2025, and is expected to reach USD 180.93 billion by 2030, at a CAGR of 8.05% during the forecast period (2025-2030).

  • The increasing demand for semiconductor devices from the electronics and automotive industries is expected to contribute significantly to revenue generation in the coming years; however, a shortage of skilled labor-intensive tasks may impede industry expansion in the coming years.
  • The South Korean Government is taking several steps to strengthen its semiconductor landscape. For instance, in 2022, the Ministry of Trade, Industry, and Energy announced that chip exports are anticipated to double to USD 200 billion by 2030.
  • Further, the Korean Government seeks to build a "K-Semiconductor belt" that stretches several kilometers south of Seoul and brings together chip designers, manufacturers, and suppliers. These plants are aimed to sharpen South Korea's competitive edge in the global semiconductor industry as well as localize primary semiconductor materials and equipment supplies with key semiconductor companies and their suppliers working in clusters in the midst of a global chip shortage.
  • In Sep 2022, the South Korean Government announced several strategies to boost its automotive industry, including South Korea to invest KRW 95 trillion in the automobile industry over the next five years. The Government plans to produce 3.3 million electric vehicles by 2030.
  • In March 2023, South Korea unveiled plans to utilize USD 234 billion in private investment to create the world's largest semiconductor cluster in the Seoul metropolitan area. The cluster would be located in the Gyeonggi province and completed by 2042. The cluster would be located in the Gyeonggi province and completed by 2042. South Korea's Trade and Industry Ministry also revealed its plans to build five high-tech semiconductor factories and attract up to 150 sub-manufacturers and fabless companies.
  • Moreover, in August 2022, Hyundai Motor Group of South Korea announced that it had opted to develop its own automotive semiconductors. Hyundai Mobis, the automaker's car components business, is now ramping up its efforts to manufacture its own semiconductors. The move is considered part of a strategy to deal with the concerns of semiconductor supply shortages, which have made internal semiconductor production more critical than ever before, especially with the shift to electric vehicles. Such developments would offer lucrative opportunities for the market players.
  • On the flip side, the semiconductor industry is considered to be one of the most complex industries, not only due to over 500 processing steps involved in the manufacturing and several products but also the harsh environment it faces, for instance, the volatile electronic market and the unpredictable demand.
  • Depending on the complexity of the manufacturing process, there can be around 1,400 process steps in the overall manufacturing of semiconductor wafers alone. Transistors are formed on the lowest layer, but the process is repeated as numerous layers of circuits are formed to create the final product. The complexity of manufacturing semiconductor devices is likely to restrain the growth of the studied market.
  • Further, according to the Korea Automotive Technology Institute or Katech, the global shortage of automotive semiconductors that started around the end of the year 2020 continued to affect the global car industry for the first half of the year 2022. Even after 2023, some companies may still feel its effects.

Korea Semiconductor Device Industry Overview

The Korean semiconductor device market is fragmented with the presence of several companies like Intel Corporation, NXP Semiconductors NV, SK Hynix Inc., etc. Companies in the market are continuously investing in strategic partnerships, product developments, mergers, and acquisitions to gain more market share. Some of the recent developments in the market are:

In September 2022, in preparation for future expansion, SK Hynix announced the construction of the M15X(eXtension), a new fabrication plant in Cheongju, Chungcheongbuk-do. The new plant is projected to be finished in early 2025. Over the following five years, KRW 15 trillion would be invested to develop the fab and set up production facilities. The fab is expected to be a two-story structure the size of an M11 and M12 combined.

In May 2022, Samsung Electronics Co. Ltd announced its development of the industry's first 512-gigabyte Compute Express Link DRAM, taking an important step toward the commercialization of CXL, which would enable extremely high memory capacity with low latency in IT systems.

Korea Semiconductor Device Market Leaders

  1. Intel Corporation

  2. Toshiba Corporation

  3. Samsung Electronics Co. Ltd

  4. NXP Semiconductors NV

  5. SK Hynix Inc.

  6. *Disclaimer: Major Players sorted in no particular order
Korea Semiconductor Device Market Concentration
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Korea Semiconductor Device Market News

  • January 2024: South Korea is set to establish a semiconductor mega-cluster in Gyeonggi province, backed by a substantial investment of USD 470 billion from leading semiconductor companies. The project aims to be fully operational by 2047.
  • December 2023: ASML and Samsung Electronics announced a joint investment of 1 trillion won to establish a cutting-edge semiconductor processing plant in South Korea. This initiative aims to advance technology for high-tech chips. Additionally, ASML is partnering with SK Hynix, a DRAM chipmaker, to enhance the efficiency of Extreme Ultraviolet Lithography (EUV) by leveraging hydrogen gas recycling technology.

Korea Semiconductor Device Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.2.1 Bargaining Power of Suppliers
    • 4.2.2 Bargaining Power of Buyers
    • 4.2.3 Threat of New Entrants
    • 4.2.4 Intensity of Competitive Rivalry
    • 4.2.5 Threat of Substitutes
  • 4.3 Technological Trends
  • 4.4 Value Chain Analysis
  • 4.5 Assessment of Impact of COVID-19 on the Market

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Emergence of new technologies like AI, and IoT
    • 5.1.2 Increasing demand for Evs and ADAS
    • 5.1.3 Increased Deployment of 5G and Rising Demand for 5G Smartphones
  • 5.2 Market Restrains
    • 5.2.1 High Raw Material and Fabrication Costs
  • 5.3 Market Opportunities
    • 5.3.1 Rising demand for data centers

6. MARKET SEGMENTATION

  • 6.1 By Device Type
    • 6.1.1 Discrete Semiconductors
    • 6.1.2 Optoelectronics
    • 6.1.3 Sensors
    • 6.1.4 Integrated Circuits
    • 6.1.4.1 Analog
    • 6.1.4.2 Logic
    • 6.1.4.3 Memory
    • 6.1.4.4 Micro
    • 6.1.4.4.1 Microprocessors (MPU)
    • 6.1.4.4.2 Microcontrollers (MCU)
    • 6.1.4.4.3 Digital Signal Processors
  • 6.2 By End-user Vertical
    • 6.2.1 Automotive
    • 6.2.2 Communication (Wired and Wireless)
    • 6.2.3 Consumer
    • 6.2.4 Industrial
    • 6.2.5 Computing/Data Storage

7. SEMICONDUCTOR FOUNDRY LANDSCAPE

  • 7.1 Foundry Business Revenue and Market Shares by Foundries
  • 7.2 Semiconductor Sales - IDM vs Fabless
  • 7.3 Wafer Capacity by end of December 2022 based on Fab Location
  • 7.4 Wafer Capacity by the Top Five Semiconductor Companies and an Indication Of Wafer Capacity By Node Technology

8. COMPETITIVE LANDSCAPE

  • 8.1 Company Profiles
    • 8.1.1 Intel Corporation
    • 8.1.2 Kyocera Corporation
    • 8.1.3 NXP Semiconductors NV
    • 8.1.4 Toshiba Corporation
    • 8.1.5 Taiwan Semiconductor Manufacturing Company (TSMC) Limited
    • 8.1.6 SK Hynix Inc.
    • 8.1.7 Samsung Electronics Co. Ltd
    • 8.1.8 Infineon Technologies AG
    • 8.1.9 Renesas Electronics Corporation
    • 8.1.10 Broadcom Inc.
  • *List Not Exhaustive

9. INVESTMENT ANALYSIS

10. FUTURE OF THE MARKET

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Korea Semiconductor Device Industry Segmentation

A semiconductor device is an electronic component that relies on the electronic properties of semiconductor material for its function.

The Korean semiconductor device market is segmented by device type (discrete semiconductors, optoelectronics, sensors, integrated circuits (analog, logic, memory, micro (microprocessors, microcontrollers, digital signal processors)), by end-user vertical (automotive, communication (wired and wireless), consumer, industrial, computing/data storage).

The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Device Type Discrete Semiconductors
Optoelectronics
Sensors
Integrated Circuits Analog
Logic
Memory
Micro Microprocessors (MPU)
Microcontrollers (MCU)
Digital Signal Processors
By End-user Vertical Automotive
Communication (Wired and Wireless)
Consumer
Industrial
Computing/Data Storage
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Korea Semiconductor Device Market Research Faqs

How big is the Korea Semiconductor Device Market?

The Korea Semiconductor Device Market size is expected to reach USD 122.85 billion in 2025 and grow at a CAGR of 8.05% to reach USD 180.93 billion by 2030.

What is the current Korea Semiconductor Device Market size?

In 2025, the Korea Semiconductor Device Market size is expected to reach USD 122.85 billion.

Who are the key players in Korea Semiconductor Device Market?

Intel Corporation, Toshiba Corporation, Samsung Electronics Co. Ltd, NXP Semiconductors NV and SK Hynix Inc. are the major companies operating in the Korea Semiconductor Device Market.

What years does this Korea Semiconductor Device Market cover, and what was the market size in 2024?

In 2024, the Korea Semiconductor Device Market size was estimated at USD 112.96 billion. The report covers the Korea Semiconductor Device Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Korea Semiconductor Device Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Korea Semiconductor Device Industry Report

Statistics for the 2025 Korea Semiconductor Device market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Korea Semiconductor Device analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.