Semiconductor Industry Thrives: 2024 Outlook

The semiconductor industry is set for a strong rebound in 2024, with growth projections of 13.1% and $632.8 billion in revenue, driven by advancements in AI integration and memory sector growth. India's semiconductor market aims to reach $189.56 billion by 2029, fueled by AI, electric vehicles, and 5G adoption. Globally, the semiconductor and electronic component market is on track to double to $2.2 trillion by 2032 at a CAGR of 7.46%, with Asia-Pacific leading the industry.