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Worldwide semiconductor revenue grew 10.8% in the year to USD 464 billion in 2020, despite the impact of COVID-19 on the global economy, 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.
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.
Worldwide semiconductor revenue grew 10.8% in 2020 to $464B
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, according to the IDC who believes that growth will accelerate this year, desipte market shortages.
Worldwide semiconductor revenue grew to USD 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 USD 522 billion in 2021, a 12.5% year-over-year growth rate. IDC anticipates continued robust growth in consumer, computing, 5G, and automotive semiconductors.
Posted May 6th, 2021 for IDC
SAN MATEO, Calif., May 6, 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 behavior. 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. Much like a traffic jam and the ripple effe
What you need to know
The semiconductor market is expected to grow to $522 billion in 2021.
Despite the global semiconductor shortage, revenues are expected to increase year-over-year by 12.5%.
In some industries, total shipments of semiconductors are down, but revenues have increased.
In news that likely won t surprise anyone, semiconductor revenue is expected to increase this year. The latest forecast from IDC states that the semiconductor market will reach $522 billion in 2021, which would mark a 12.5% year-over-year growth rate. IDC expects the consumer, computing, 5G, and automotive markets to drive the growth in the semiconductor market.
The global semiconductor shortage has made headlines for over a year, but that shortage doesn t mean that manufacturers aren t selling semiconductors. If anything, the shortage of semiconductors is an indicator of growing demand, since all manufacturers are racing to make as many semiconductors as possible.