Microelectronics market seen reaching $629.02 billion by 2030

The Business Research Company says the microelectronics market will rise from $439.78 billion in 2025 to $471.58 billion in 2026, then climb to $629.02 billion by 2030. The forecast points to stronger demand from 5G, edge computing, telecom upgrades and consumer electronics, with North America leading in 2025 and Asia-Pacific expected to grow fastest.

Why it matters: - Microelectronics sits at the center of smartphones, telecom networks, computing hardware and other digital devices. - The projected growth signals continued demand for smaller, faster and more power-efficient components across consumer and industrial electronics. - The market outlook also points to where suppliers, chip designers and telecom vendors may focus investment over the next several years.

What happened: - The Business Research Company published a microelectronics market report on July 20, 2026. - The report estimates the market will grow from $439.78 billion in 2025 to $471.58 billion in 2026. - The report forecasts the market will reach $629.02 billion by 2030. - The company made a free sample available here. - The full report is available here.

The details: - The report says the market will grow at a 7.2% CAGR from 2025 to 2026. - It projects a 7.5% CAGR through 2030. - Recent growth has been driven by broadband penetration, mobile network expansion, fiber optic deployment, telecom infrastructure spending and urban digital connectivity initiatives. - Future demand is expected to come from 5G and beyond-5G rollout, rural connectivity programs, edge computing, distributed networks, software-defined networking and low-latency, high-bandwidth services. - The report highlights several technology trends, including EUV lithography for sub-5nm nodes, heterogeneous integration and chiplet architectures, silicon photonics, wide bandgap semiconductors such as GaN and SiC, and ultra-low-power nanoelectronics. - Microelectronics refers to the design and manufacturing of very small electronic components and circuits at micrometer and nanometer scales. - The field underpins integrated circuits, semiconductor devices and miniaturized systems that improve processing power, energy efficiency and device size. - Consumer electronics demand remains a major growth driver for the market. - Consumer electronics include smartphones, TVs, computers and audio systems. - The Consumer Technology Association forecast in January 2024 that U.S. consumer technology retail revenues would rise 2.8% to $512 billion in 2024, up $14 billion from 2023.

Between the lines: - The forecast suggests the next growth wave will be shaped less by a single device cycle and more by infrastructure buildout, network upgrades and advanced chip architectures. - The emphasis on chiplets, silicon photonics and wide bandgap materials signals a market moving toward higher performance and better power management. - The report also frames microelectronics as a foundational layer for broader digital transformation, not just a standalone semiconductor category.

What's next: - North America held the largest market share in 2025. - Asia-Pacific is expected to grow the fastest in the coming years. - The report covers Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa. - The Business Research Company says its 2026 reports also include market attractiveness scoring, TAM analysis, company scoring matrix graphics and tables, Excel-based forecasting dashboards, market hotspots infographics and updated technology and trend analysis. - The company says its Global Market Model offers updated forecasts for decision-making. - More information is available on The Business Research Company website.

The bottom line: - Microelectronics demand is set to keep rising as telecom networks, consumer devices and next-generation chip technologies all scale at once.