© ESIA Analysis | June 10, 2020
Worldwide semiconductor market growth is expected to accelerate in 2021
The worldwide semiconductor market is expected to increase 3.3% in 2020, accelerating to 6.2 % in 2021, says the European Semiconductor Industry Association.
The worldwide semiconductor market is forecast to be USD 426 billion in 2020 – an increase of 3.3% from 2019. The WSTS has released its new semiconductor market forecast generated in May 2020. WSTS expects the world semiconductor market to be up by 3.3% to USD 426 billion in 2020. This reflects expected increase in integrated circuits, except analog, with an increase from memory at 15.0%, followed by logic with 2.9%. In 2020, the Americas and Asia Pacific are expected to grow. Worldwide semiconductor market growth is expected to accelerate in 2021 For 2021, the global semiconductor market is projected to grow by 6.2%, driven by double-digit growth of memory. All regions are expected to show a positive growth rate.