From 2013 to 2023, the semiconductor and related device sales in the US have shown a steady decline, with values dropping from $43.411 billion in 2013 to $35.806 billion in 2023. The year-on-year variation shows a consistent decrease in sales, averaging around -3.36% in 2023. The compound annual growth rate (CAGR) over the past five years (2019-2023) stands at -3.27%, reflecting a clear downward trend in the market.

Looking at the forecast data from 2024 onwards, the decline continues, with a projected five-year CAGR of -3.18%, leading to an estimated market value of $29.304 billion by 2028. This indicates a further reduction of 14.91% over the next five years.

Future trends to watch for include:

The impact of emerging technologies such as AI and IoT on semiconductor demand.
The influence of geopolitical factors on the semiconductor supply chain.
The potential for new manufacturing processes to improve efficiency and reduce costs.
Consumer electronics and automotive industries driving changes in semiconductor requirements.