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Bank of America Significantly Raises Semiconductor Industry Forecast: Market Size Could Reach $2.7 Trillion by 2030

On June 24, Bank of America significantly raised its global semiconductor industry forecast in its latest research report, stating that AI demand is shifting from validating investment returns to addressing structural supply constraints in chips, storage, and power. The shortage of memory chips and rising prices are expected to become the core drivers of industry growth in the coming years. Bank of America predicts that the global semiconductor market size will grow from $787 billion in 2025 to $2.734 trillion by 2030, with a compound annual growth rate of 28% from 2025 to 2030, higher than the previous expectation of $2.3 trillion and 23%. Bank of America anticipates that the chip industry took about 50 years to achieve its first $1 trillion in sales, while AI is expected to generate an additional $1 trillion in the next five years.

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