Global Semiconductor Market (Approximately $10.2 Trillion by 2026)

On June 2, 2026, the World Semiconductor Trade Statistics organization, composed of major semiconductor manufacturers, released a forecast: driven by rapidly expanding demand for artificial intelligence and data center adoption exceeding expectations, the global semiconductor market is expected to grow nearly 90% year-over-year in 2026, reaching $1.511 trillion, equivalent to approximately 10.2 trillion yuan, setting a historic record.

  • Among product segments, memory chips show the most significant growth, with an expected year-over-year increase of 249.5% in 2026, surpassing $800 billion and exceeding the total global semiconductor market size of 2025; logic chips are expected to grow by 37.3%, reaching $410 billion.
  • The market will continue to grow in 2027, with an estimated size of $1.914 trillion, approximately 12.9 trillion yuan, with the Americas and Asia-Pacific regions serving as the core engines driving growth.

China’s $10 Trillion-Level Market Forecast

In addition to the global semiconductor market, several domestic sectors are also predicted to grow into $10 trillion-level markets:

  1. AI-Related Industries (Exceeding $10 Trillion by the End of the 15th Five-Year Plan)
    China has clearly deepened the “Artificial Intelligence+” initiative. Driven by technological innovation and commercial applications, it is expected that by the end of the 15th Five-Year Plan, the scale of AI-related industries will exceed 10 trillion yuan. AI will drive growth across the entire chain of hardware, software, and services, becoming a national strategic growth engine.

  2. Urban Renewal (Reaching $10 Trillion Level by 2030)
    At the policy level, the Ministry of Finance and the Ministry of Housing and Urban-Rural Development issued a notice in 2026 supporting urban renewal actions, continuously promoting the quality improvement and renovation of existing urban stock. The China Research Institute of Industry & Strategy predicts that by 2030, national urban renewal is expected to become a 10 trillion yuan-level super market, with an estimated total investment of about 15 trillion yuan during the 15th Five-Year Plan period.

  3. Future Industries (Total Scale of 7 Major Fields Approximately $10 Trillion by 2030)
    The Development Research Center of the State Council’s “China Development Report 2024” predicts that by 2030, the total market size of China’s seven key future industries (future intelligence, quantum information, future networks, future materials, low-carbon energy, life and health, and future space) is expected to reach approximately 10 trillion yuan, with the future intelligence field alone projected to reach a scale of 5 trillion yuan.

World Semiconductor Trade Statistics organization

The World Semiconductor Trade Statistics (WSTS) organization is a cooperative, non-profit group founded in the 1980s to provide accurate, timely data on the global semiconductor market. Its history began when leading semiconductor companies recognized the need for a reliable source of industry statistics to support business planning and market analysis. Today, WSTS serves as the primary source for global semiconductor shipment and revenue data, publishing monthly and annual reports that are essential for tracking industry trends.

Ministry of Finance

The Ministry of Finance is a government department responsible for managing a country’s economic policies, public revenue, and government spending. Historically, the role and structure of finance ministries have evolved alongside the development of modern states, with early forms emerging in Europe during the 17th and 18th centuries to centralize tax collection and state budgeting. Today, it is a key institution in any government, overseeing fiscal policy and financial regulation.

Ministry of Housing and Urban-Rural Development

The Ministry of Housing and Urban-Rural Development (MOHURD) is a key executive agency of the State Council of the People’s Republic of China, responsible for formulating policies on urban planning, housing, and construction. Established in its current form in 2008 through a reorganization of the former Ministry of Construction, it oversees nationwide urban development, rural housing improvement, and real estate regulation. The ministry plays a central role in managing China’s rapid urbanization, including affordable housing programs and sustainable city planning initiatives.

China Research Institute of Industry & Strategy

The China Research Institute of Industry & Strategy is a prominent think tank based in Beijing, affiliated with the China Academy of Social Sciences. Founded in 2011, it focuses on analyzing industrial policies, economic development strategies, and global industrial trends to support China’s modernization and policy-making. The institute plays a key role in advising on issues such as industrial upgrading, technological innovation, and international economic cooperation.

Development Research Center of the State Council

The Development Research Center of the State Council (DRC) is a leading policy research and advisory institution in China, directly under the State Council. Established in 1981, it conducts in-depth studies on national economic and social development issues, providing strategic recommendations to the central government. Over the decades, the DRC has played a key role in shaping China’s reform and opening-up policies.

China Development Report 2024

The “China Development Report 2024” is not a physical place or cultural site, but rather a comprehensive annual publication that analyzes China’s economic, social, and developmental progress. It typically reviews key achievements, challenges, and policy directions for the year, offering insights into China’s modernization efforts and global role. The report builds on decades of similar assessments, reflecting the country’s evolving development strategies since its reform and opening-up period.