AI Powers Record 2024 Revenue, but Automotive and Industrial Struggles Linger Says Omdia
The semiconductor market achieved record-breaking revenue in 2024, growing approximately 25% to reach $683 billion, primarily driven by strong AI-related chip demand. The memory segment saw a remarkable 74% year-over-year growth, particularly in high bandwidth memory (HBM) used in AI GPUs.
However, the success was uneven across sectors. While data processing thrived, automotive, consumer, and industrial segments experienced revenue declines. The industrial semiconductor segment faced a second consecutive year of decline with double-digit drops, deviating from its historical 6% annual growth rate.
NVIDIA emerged as the market leader, overtaking Samsung's 2023 top position, thanks to its AI GPU dominance. Memory companies Samsung, SK Hynix, and Micron all ranked among the top seven semiconductor companies, improving their positions from 2023. The automotive sector, despite nearly doubling from 2020 to 2023, experienced an unexpected contraction in 2024, breaking its previous growth trajectory.
Il mercato dei semiconduttori ha raggiunto un fatturato record nel 2024, crescendo di circa il 25% per raggiungere 683 miliardi di dollari, principalmente spinto dalla forte domanda di chip legati all'IA. Il segmento della memoria ha registrato una notevole crescita del 74% anno su anno, in particolare nella memoria ad alta larghezza di banda (HBM) utilizzata nelle GPU per l'IA.
Tuttavia, il successo è stato diseguale tra i settori. Mentre l'elaborazione dei dati ha prosperato, i segmenti automobilistico, consumer e industriale hanno subito un calo dei ricavi. Il segmento dei semiconduttori industriali ha affrontato un secondo anno consecutivo di declino con cali a due cifre, allontanandosi dal suo tasso di crescita annuale storico del 6%.
NVIDIA è emersa come leader di mercato, superando la posizione di vertice di Samsung nel 2023, grazie alla sua dominanza nelle GPU per l'IA. Le aziende di memoria Samsung, SK Hynix e Micron si sono tutte classificate tra le prime sette aziende di semiconduttori, migliorando le loro posizioni rispetto al 2023. Il settore automobilistico, nonostante quasi raddoppiato dal 2020 al 2023, ha subito una contrazione inaspettata nel 2024, interrompendo la sua precedente traiettoria di crescita.
El mercado de semiconductores alcanzó un ingreso récord en 2024, creciendo aproximadamente un 25% para alcanzar 683 mil millones de dólares, impulsado principalmente por la fuerte demanda de chips relacionados con la IA. El segmento de memoria experimentó un notable crecimiento del 74% interanual, especialmente en memoria de alto ancho de banda (HBM) utilizada en GPUs de IA.
No obstante, el éxito fue desigual entre los sectores. Mientras que el procesamiento de datos prosperó, los segmentos automotriz, de consumo e industrial experimentaron caídas en los ingresos. El segmento de semiconductores industriales enfrentó un segundo año consecutivo de declive con caídas de dos dígitos, desviándose de su tasa de crecimiento anual histórica del 6%.
NVIDIA emergió como líder del mercado, superando la posición de Samsung en 2023, gracias a su dominio en GPUs de IA. Las empresas de memoria Samsung, SK Hynix y Micron se clasificaron entre las siete principales compañías de semiconductores, mejorando sus posiciones desde 2023. El sector automotriz, a pesar de casi duplicarse de 2020 a 2023, experimentó una contracción inesperada en 2024, rompiendo su trayectoria de crecimiento anterior.
반도체 시장은 2024년에 기록적인 수익을 달성하며 약 25% 성장하여 6,830억 달러에 도달했습니다. 이는 주로 AI 관련 칩 수요의 강세에 의해 주도되었습니다. 메모리 부문은 AI GPU에 사용되는 고대역폭 메모리(HBM)에서 특히 전년 대비 74% 성장을 기록했습니다.
하지만 성공은 부문마다 고르지 않았습니다. 데이터 처리 부문은 번창했지만 자동차, 소비자 및 산업 부문은 수익 감소를 경험했습니다. 산업 반도체 부문은 두 번째 해 연속으로 두 자릿수 감소를 겪으며 역사적인 연간 성장률인 6%에서 벗어났습니다.
NVIDIA는 AI GPU의 지배력 덕분에 2023년 삼성의 최고 자리를 넘어 시장 선두주자로 떠올랐습니다. 메모리 기업인 삼성, SK 하이닉스, 마이크론은 모두 2023년보다 순위를 높이며 상위 7개 반도체 기업에 포함되었습니다. 자동차 부문은 2020년부터 2023년까지 거의 두 배로 증가했지만, 2024년에는 예상치 못한 수축을 경험하며 이전 성장 궤적을 깨뜨렸습니다.
Le marché des semi-conducteurs a atteint un chiffre d'affaires record en 2024, enregistrant une croissance d'environ 25% pour atteindre 683 milliards de dollars, principalement grâce à une forte demande de puces liées à l'IA. Le segment de la mémoire a connu une croissance remarquable de 74% d'une année sur l'autre, en particulier dans la mémoire à large bande passante (HBM) utilisée dans les GPU pour l'IA.
Cependant, le succès a été inégal selon les secteurs. Alors que le traitement des données a prospéré, les segments automobile, grand public et industriel ont connu des baisses de revenus. Le segment des semi-conducteurs industriels a subi une deuxième année consécutive de déclin avec des baisses à deux chiffres, s'écartant de son taux de croissance annuel historique de 6%.
NVIDIA s'est imposée comme le leader du marché, surpassant la première position de Samsung en 2023, grâce à sa domination dans les GPU pour l'IA. Les entreprises de mémoire Samsung, SK Hynix et Micron se sont toutes classées parmi les sept plus grandes entreprises de semi-conducteurs, améliorant leurs positions par rapport à 2023. Le secteur automobile, bien qu'ayant presque doublé entre 2020 et 2023, a connu une contraction inattendue en 2024, rompant sa trajectoire de croissance précédente.
Der Halbleitermarkt erzielte 2024 einen rekordverdächtigen Umsatz, der um etwa 25% auf 683 Milliarden Dollar wuchs, hauptsächlich getrieben durch die starke Nachfrage nach KI-bezogenen Chips. Der Speichersegment verzeichnete ein bemerkenswertes Wachstum von 74% im Jahresvergleich, insbesondere bei Hochbandbreiten-Speicher (HBM), der in KI-GPUs verwendet wird.
Der Erfolg war jedoch in den verschiedenen Sektoren ungleich verteilt. Während die Datenverarbeitung florierte, erlebten die Automobil-, Verbraucher- und Industriesegmente Rückgänge bei den Einnahmen. Der industrielle Halbleitermarkt hatte im zweiten Jahr in Folge einen Rückgang mit zweistelligen Einbußen und wich von seiner historischen jährlichen Wachstumsrate von 6% ab.
NVIDIA trat als Marktführer auf und überholte die Spitzenposition von Samsung im Jahr 2023, dank seiner Dominanz im Bereich der KI-GPUs. Die Speicherunternehmen Samsung, SK Hynix und Micron gehörten alle zu den sieben größten Halbleiterunternehmen und verbesserten ihre Positionen gegenüber 2023. Der Automobilsektor, der von 2020 bis 2023 fast doppelt so groß geworden war, erlebte 2024 eine unerwartete Kontraktion, die seine vorherige Wachstumskurve durchbrach.
- Record semiconductor revenue of $683 billion, up 25% YoY
- Memory segment achieved 74% YoY growth
- NVIDIA secured top market position
- Improved memory companies' rankings (Samsung, SK Hynix, Micron in top 7)
- Higher average selling prices (ASPs) in memory market
- Revenue decline in automotive semiconductor segment
- Double-digit revenue decline in industrial semiconductor segment
- Consumer semiconductor segment revenue decreased
- Weakening demand in automotive sector
- Industrial segment facing second consecutive year of decline
Total semiconductor revenue Omdia CLT 4Q24
However, this record-setting year masked uneven performance across the industry. While the data processing segment experienced strong growth, other key segments - automotive, consumer, and industrial semiconductor – experienced revenue declines in 2024. These struggles highlight areas of weakness within an otherwise booming market.
AI and memory complete a strong 2024
Throughout 2024, AI’s influence on the semiconductor market has been a dominant force, driving record revenues and reshaping industry dynamics. NVIDIA emerged as the clear leader, climbing the market share rankings with strong revenue growth the last few years due to its AI GPUs. HBM, a critical component for AI applications surged alongside, significantly boosting revenues for memory companies. While HBM outpaced other DRAM segments in growth, an improved supply-demand balance contributed to higher average selling prices (ASPs) and revenue gains across the broader memory market.
Industrial segment faces a second consecutive year of decline
The downturn in the industrial semiconductor segment, which began in 2023, deepened in 2024, posing challenges for companies focused on this sector. “Historically, the industrial semiconductor market has grown approximately
Automotive market stalls
While the automotive semiconductor market performed better than the industrial sector, it also experienced a revenue decline in 2024. After nearly doubling in size from 2020 to 2023, far exceeding the historical average annual growth rate of
NVIDIA takes the top spot as market rankings shift
NVIDIA’s dominance in AI-driven GPUs pushed it to the top position in semiconductor companies by revenue, surpassing Samsung which held the number one position in 2023.
The strong memory market also reshaped the leaderboard with Samsung, SK Hynix, and Micron all ranking among the top seven largest semiconductor companies by revenue. Each of these companies climbed at least one spot from their 2023 rankings, marking a significant shift from the previous year when they were spread across the top eleven.
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Omdia, part of Informa TechTarget, Inc. (Nasdaq: TTGT), is a technology research and advisory group. Our deep knowledge of tech markets combined with our actionable insights empower organizations to make smart growth decisions.
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Fasiha Khan: fasiha.khan@omdia.com
Source: Omdia
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