Despite shortage, global semiconductor market to hit $522B in 2021
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US dollar. (File Photo: IANS). Image Source: IANS News
New Delhi, May 8 : Despite supply constraints amid the pandemic, the global semiconductor market will reach $522 billion in 2021, a 12.5 per cent year-over-year growth, according to the International Data Corporation (IDC).
The robust growth will continue in consumer, computing, 5G, and automotive semiconductors.
"Supply constraints will continue through 2021. While shortages initially occurred in automotive semiconductors, the impact is being felt across the board in semiconductors manufactured at older technology nodes," the IDC said in a report this week.
The industry will continue to struggle to rebalance across different industry segments, while investment in capacity now will improve the industry's resiliency in a few years.