BAC · News · 20261022N

Semiconductor Market Outlook

BANK OF AMERICA CORP /DE/ · 2026-10-22 · Importance 39 · Surprise 64

Bank of America projects the global semiconductor total addressable market will nearly double to $3.2 trillion by 2030 from $1.7 trillion in 2026. South Korea’s finance minister said semiconductor demand is expected to exceed available supply through at least 2027, despite planned production expansion. Gartner projects worldwide semiconductor revenue of $1.6 trillion in 2026, up 92% year over year, and nearly $1.9 trillion in 2027.

Key facts

• Bank of America projects that the global semiconductor total addressable market (TAM) will nearly double to $3.2 trillion by 2030, up from $1.7 trillion in 2026. source