11 May
Worldwide semiconductor revenue will grow 12.5 percent year-over-year to 522 billion dollars this year, according to International Data Corporation (IDC). “The semiconductor industry remains on track to deliver another strong year of growth as the supercycle that began at the end of 2019 strengthens this year,” comments Mario Morales, program vice president Semiconductors at IDC. Last year, the semiconductor market reached 464 billion dollars, an increase of 10.8 percent compared to 2019.
IDC anticipates continued robust growth in consumer (8.9 percent), computing (7.7 percent), mobile (23.3 percent) and automotive (13.6 percent) semiconductors this year. At the same time, supply constraints across the board will continue throughout 2021 while the industry struggles to rebalance across different industry segments. Real relief will come in a few years, when additional capacity comes online.
Despite shortage, global semiconductor market to hit $522B in 2021
By IANS |
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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.
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Sputnik International
May 7, 2021
Despite the impact of Covid-19 on the global economy, the semiconductor market performed strongly in 2020.
Demand by industry was uneven throughout the year due to global lockdowns, remote work and education, and shifts in consumer buying behaviour.
Worldwide semiconductor revenue grew to $464-billion in 2020, an increase of 10,8% compared to 2019, according to the Semiconductor Applications Forecaster (SAF) from International Data Corporation (IDC).
IDC forecasts the semiconductor market will reach $522-billion in 2021, a 12,5% year-over-year growth rate. IDC anticipates continued robust growth 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.