The global networking chips market, valued at approximately USD 23 billion in 2024, is projected to grow at a CAGR of 14% through 2032, driven by the increasing demand for 5G networking chips, data center semiconductors, IoT chipsets, and AI-optimized SoCs. Regionally, North America dominated networking chips market due to strong cloud infrastructure adoption, enterprise networking IC deployment, and semiconductor R&D investments, while Asia-Pacific is the fastest-growing region, supported by large-scale 5G base station deployments in China, India, and South Korea, as well as the rise of semiconductor foundry capacity in Taiwan. In contrast, Europe is focusing on energy-efficient and sustainable semiconductor manufacturing, supported by EU Chips Act policies that encourage localized production and green networking chip innovation.
Chips overview
Published by MMR Statistics Research Team, Updated