NVIDIA Takes Half of the Share, TrendForce Says Top 10 Global IC Design Firms Will See Combined Revenue Growth of 49% in 2024

IT home, March 17 news, according to TrendForce Chipotle Consulting latest research, in 2024 the world's top ten IC design industry revenue total of about 249.8 billion U.S. dollars (IT home note: the current about 1.81 trillion yuan), a year-on-year growth of 49%. AI boom drive the overall semiconductor industry upward, especially the NVIDIA (NVIDIA) 2024 revenues The AI boom has driven the overall semiconductor industry upward, especially NVIDIA's revenue in 2024, which grew as much as 125%, opening a significant gap with other manufacturers.

Looking ahead to 2025, edge AI devices will be the next wave of semiconductor growth momentum, as advanced semiconductor processes will help AI computational power grow, various large-scale language models (LLM) will continue to be introduced, and new open-source models such as DeepSeek will have the opportunity to lower the cost threshold of AI, helping AI-related applications penetrate from servers to personal devices.

According to TrendForce, the high-end chips that AI relies on require huge capital and advanced technology investment, and the threshold for manufacturers to enter the market is high, resulting in a clear oligopoly of the leaders.

Among the world's top 10 IC designers in 2024, the top five will contribute more than 90% of the total revenue. As major cloud service providers (CSPs) continue to expand the scale of AI server deployment, NVIDIA's H100 / H200 products are in strong demand, boosting its 2024 IC design-related revenue to more than $124.3 billion and remaining No. 1, accounting for as much as 50% of the top 10, and it is expected that subsequent products such as GB200 / GB300 will further drive NVIDIA's 2025 AI-related revenue. It is expected that products such as GB200 / GB300 will further drive NVIDIA's AI-related revenue in 2025.

Broadcom is also benefiting from AI, with its semiconductor revenue reaching $30.644 billion in 2024, up 8% year-on-year, and ranking third, with AI chips accounting for more than 30% of its semiconductor solutions. After a downturn in mid-2024, Broadcom's wireless communications, broadband and server storage businesses are expected to rebound more strongly in 2025.

AMD's 2024 revenue grew 14 percent year-over-year to $25.785 billion, ranking fourth, with significant growth in both AMD's Server CPU and Client CPU businesses, particularly in the Server business, which grew 94 percent. The company will continue to focus on the AI PC, Server, and HPC/AI gas pedal markets in 2025, and work with brands such as Dell, Microsoft, and Google to maintain high growth momentum.

Meanwhile, Qualcomm and MediaTek also rebounded from the smartphone market downturn. Due to the growth of handheld devices and automotive business, Qualcomm's 2024 revenue reached $34.857 billion (counting only QCT business), a 13% year-on-year growth, and ranked second. With the patent licensing lawsuit with ARM coming to an end for the time being, Qualcomm is expected to focus more on edge computing devices such as AI PCs in 2025 to expand its market share in the high-end consumer market.

Fifth place goes to MediaTek, with revenue of $16.519 billion in 2024, up 19% year-on-year, with its smartphone, power management IC, and Smart Edge (smart terminal platform) businesses all making gains. It is estimated that MediaTek's penetration rate in the 5G cell phone market will increase to more than 65% in 2025, and the growth in the proportion of high-end models will gradually boost revenue. In addition, the upcoming launch of Project DIGITS, which is a joint venture with NVIDIA, will continue the growth momentum throughout the year.

Analyzing the sixth to tenth place in the revenue ranking, Realtek and Novatek saw a change in the ranking. 2024 revenue of Realtek was about $3.53 billion, up 16% year-on-year, moving back to the seventh place. After 2023 inventory removal, its 2024 PC and automotive-related shipment growth is in line with expectations, and it is expected that in 2025, including the netcom and automotive business will be the main growth driver for Realtek, especially in the Wi-Fi 7 market penetration will be increased to double-digit.

The ninth Will Semiconductor (Will Semiconductor) 2024 revenue reached 3.048 billion U.S. dollars, a year-on-year growth of 21%. In recent years, the company has benefited from the increasing share of high-end CIS in Android cell phone shipments, as well as the continued penetration of electric vehicle autonomous driving applications globally, especially in China, and the market share of its CIS optical sensing components continues to increase, leading to higher revenues.

Tenth, MPS (MPS), will post revenue of $2.207 billion in 2024, up 21% year-on-year. Revenue from its Enterprise Data segment doubled as the company's PMICs entered the AI Server supply chain.