South Korea Semiconductor Market Value - By Component (Logic Devices, Memory Devices, Analog IC, MPU, Discrete Power Devices, MCU, Sensors, and Others), By Node Size (180nm, 130nm, 90nm, 65nm, 45/40nm, 32/28nm, 22/20nm, 16/14nm, 10/7nm, 7/5nm, 5nm), By Application (Telecommunication, Defense and Military, Industrial, Consumer Electronics, Automotive), and By Industry Analysis, Market Size, Share & Forecast, 2023 – 2032

  • ID: 462 |  
  • Published date: June, 2023  |  
  • Report Format: PDF

Recent update: Our research team is keeping a close eye on the potential impact of COVID-19 and other global crises on various industries worldwide, allowing us to stay ahead of the competition.

MVI Statistics and Viewpoints: 

  • South Korea Semiconductor Market size exceeded USD 82.0 Billion in 2022. 
  • The market is expected to showcase a CAGR of over 12.5% from 2023 to 2032. 
  • By the end of the forecast period, the market is anticipated to reach a valuation of around USD 262.6 Billion.

To remain competitive in the global market, South Korean semiconductor manufacturers are heavily investing in the advancement of semiconductor technologies. This includes the development of cutting-edge manufacturing processes, such as smaller node sizes and novel packaging techniques, to improve semiconductor chip performance, power efficiency, and cost-effectiveness. South Korean semiconductor companies actively collaborate with international partners to broaden their global reach and gain access to new markets. They seek collaborations for joint research, development, and distribution, with the goal of increasing their technological expertise and market presence.

South Korea Semiconductor Market

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Market Overview:

The South Korean semiconductor market refers to the country's production, design, and distribution of semiconductor components and devices. Semiconductors are essential components of modern technology, powering a wide range of electronic devices such as smartphones, computers, automotive systems, and consumer electronics. The market includes memory and logic semiconductors, as well as specialized chips for industries such as telecommunications, automotive, and healthcare.
The South Korean market is a key player in the development and manufacturing of semiconductor components and devices, and it occupies a prominent position in the global semiconductor industry. South Korea has emerged as a major semiconductor manufacturing hub, with companies supplying electronic components to various industries worldwide. The country's strong infrastructure, skilled workforce, and significant investments in research and development have all contributed significantly to the growth of its semiconductor industry.

Memory chips have become a major focus for South Korean manufacturers. Companies such as Samsung Electronics and SK Hynix are major memory market players, producing dynamic random-access memory (DRAM) and NAND flash memory, which is widely, used in smartphones, computers, and data centres.

South Korea Semiconductor Market Value Insights

Report Coverage


Base Year


Market Size in 2022

USD 82 Billion

Forecast Period

2023 to 2032

CAGR (2023 to 2032)


Forecast Year Value, 2032

USD 262.6 Billion

Historical Data for

2019 to 2022

Segment Covered

Component, Node Size, Application

Companies Covered

  • Samsung Electronics Co., Ltd.
  • SK Hynix Inc.
  • LG Electronics Inc.
  • MagnaChip Semiconductor Ltd.
  • Silicon Works Co., Ltd.
  • Others


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  • Strong Domestic Demand: South Korea is a significant purchaser of electronic devices and components. The high demand for semiconductor components has been driven by the high demand for smartphones, computers, televisions, and other electronic devices. As a result, South Korean semiconductor firms have a sizable domestic market, which provides a solid foundation for their growth and operations.
  • Government Support and Investments: The South Korean government has been critical in assisting the semiconductor industry. The government promotes semiconductor innovation and development through various policies, incentives, and research grants. Furthermore, initiatives to develop talent and improve workforce skills have aided the industry's growth and competitiveness.
  • Global Export Opportunities: South Korean semiconductor companies are major exporters, supplying semiconductor components to industries all over the world. Global demand for electronic devices has increased the demand for semiconductors, and South Korea's export-oriented approach has assisted its semiconductor industry in expanding its reach and influence.


  • Cyclical Nature of the Industry: The semiconductor industry is highly cyclical, with boom and bust periods. Changes in global economic conditions, consumer spending, and business investments can all have an impact on demand for semiconductor components. During downturns, semiconductor companies may face reduced demand and lower revenues, which may necessitate cost-cutting measures and possible layoffs.

By Component Synopsys:    

South Korea Semiconductor Market Size

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The South Korea market is classified by component into logic devices, memory devices, analog IC, MPU, discrete power devices, MCU, sensors, and others. Among these segments, the memory devices segment accounted for the largest market share in 2022. Memory devices are in high demand for a wide range of electronic devices and data centers, making this segment an important contributor to South Korea's semiconductor industry. Memory devices in electronic systems are in charge of storing and retrieving data. Memory behemoths like Samsung Electronics and SK Hynix dominate South Korea's semiconductor market, producing dynamic random-access memory (DRAM) and NAND flash memory. This type of memory is widely used in smartphones, computers, servers, and data centers.

By Node Size Synopsys:   

The South Korea market is classified by node size into 180nm, 130nm, 90nm, 65nm, 45/40nm, 32/28nm, 22/20nm, 16/14nm, 10/7nm, 7/5nm, and 5nm. Among these segments, the 10/7nm segment is expected to grow at a significant pace in the South Korea market during the forecast period. These nodes are essential for producing high-performance chips used in smartphones, data centers, artificial intelligence applications, and other advanced electronic devices. The 10nm and 7nm nodes represent the most advanced semiconductor technology commercially available. These nodes are used in advanced processors, artificial intelligence chips, and high-performance computing applications.

By Application Analysis:   

By application, the South Korea market is divided into defense and military, telecommunication, industrial, automotive, consumer electronics, and others. Among these segments, the consumer electronics segment dominated the largest share of the South Korea market in 2022. The presence of South Korean electronics giants such as Samsung Electronics and LG Electronics, as well as global demand for smartphones, TVs, and other consumer devices, contributed to this segment's dominance. 

Top Companies Includes In The South Korea Semiconductor Landscape:

  • Samsung Electronics Co., Ltd.
  • SK Hynix Inc.
  • LG Electronics Inc.
  • MagnaChip Semiconductor Ltd.
  • Silicon Works Co., Ltd.
  • STATS ChipPAC Ltd.
  • Dongbu HiTek Co., Ltd.
  • DB HiTek Co., Ltd.
  • Neo Semicon Co., Ltd.
  • Others

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In-depth analysis of South Korea Semiconductor Market along with industry coverage and forecasting for the following segments:

Market Size, By Component

  • Logic Devices
  • Memory Devices
  • Analog IC
  • MPU
  • Discrete Power Devices
  • MCU
  • Sensors 
  • Others

Market Size, By Node Size

  • 180nm
  • 130nm 
  • 90nm
  • 65nm
  • 45/40nm
  • 32/28nm
  • 22/20nm
  • 16/14nm
  • 10/7nm
  • 7/5nm 
  • 5nm

Market Size, By Application

  • Consumer Electronics
  • Telecommunication
  • Defense and Military
  • Industrial
  • Automotive
  • Others

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Publisher: Market Value Insights


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