News


Worldwide IC market forecast to top $500 billion

23 June 2021 News

IC Insights will soon release its mid-year update to The McClean Report that includes its most current forecast for the global IC market from 2021 through 2025. In a very rare event, 32 of the 33 major IC market categories defined by WSTS (World Semiconductor Trade Statistics) are forecast to enjoy an increase in sales this year, with 29 of the product categories expected to see significant double-digit gains. Strong demand across the entire IC market this year is projected to lift sales for the total IC market by 24% and break through the $500 billion plateau for the first time in history (Figure 1).

At the midpoint of 2021, IC production was returning to normal levels, but a surge in chip demand caused by the Covid-19 pandemic meant that ICs used in smartphones, computers, TVs, automobiles and other end-use applications remained in short supply – an industry condition that could last well into 2022.

The IC market is forecast to see continued growth next year and again in 2023 when worldwide IC revenues are projected to exceed $600 billion for the first time (Figure 2). Throughout the forecast period, momentum is expected to surge for 5G connectivity, artificial intelligence, deep learning, virtual reality and other emerging applications in mobile, data centre and cloud-computer servers, automotive and industrial markets, resulting in a robust IC market compound annual growth rate of 10,7% from 2020 to 2025.




Share this article:
Share via emailShare via LinkedInPrint this page

Further reading:

Bumper sales quarter restores Samsung’s lead over Intel
25 August 2021 , News
IC Insights has released its August update to the 2021 McClean Report, which includes a review of the top 25 semiconductor sales leaders for the second quarter of calendar year 2021 (2Q21). ICs and optoelectronics, ...

Read more...
RFiber adds high-reliability supplier to its stable
25 August 2021, RFiber Solutions , News
RFiber Solutions has expanded its portfolio by establishing a distribution channel for X-REL Semiconductor’s offering into the South African market. RFiber says it is optimistic about the solutions ...

Read more...
ON Semiconductor shortens its name to onsemi
25 August 2021 , News
ON Semiconductor, a well-known name in the IC vendor landscape over many years, has changed its trading name to onsemi and says it has refreshed its brand as a next step in the company’s evolution to ...

Read more...
Online sensor technologies and resources content
25 August 2021 , News
Mouser Electronics is helping to empower today’s design engineers with insightful content around exciting new sensor technologies enabling the latest design solutions. The global authorised distributor ...

Read more...
Semiconductor market records 29% year-on-year gains
25 August 2021 , News
The Semiconductor Industry Association (SIA) announced that global semiconductor industry sales were $45,4 billion in the month of July 2021, an increase of 29% over the July 2020 total of $35,2 billion ...

Read more...
ICASA launches inquiry into signal distribution services
25 August 2021 , News
ICASA has published notice of its intention to conduct an inquiry into competition in signal distribution services and is inviting questions from the public on clarity by 4 October 2021. The purpose of ...

Read more...
Advanced warehouse automation at the heart of Mouser’s success
25 August 2021 , News
Mouser Electronics continues to invest heavily in state-of-the-art automation in its global distribution centre to increase order processing, accuracy and speed, helping customers further reduce time-to-market. As ...

Read more...
New GlobalFoundries fab to be built in Singapore
28 July 2021 , News
GlobalFoundries (GF) is expanding its global manufacturing footprint with the construction of a new semiconductor fabrication plant (fab) on its Singapore campus.  The global demand for semiconductor ...

Read more...
Electronics News Digest
25 August 2021 , News
South Africa Defence technology company, Denel, has outlined an extensive restructuring plan to become a sustainable and profitable business within the next five years. Part of this plan includes reducing ...

Read more...
Events
25 August 2021 , News
Nepcon Vietnam 15-17 September 2021 Hanoi, Vietnam Covers SMT, testing technologies, equipment and supporting industries for electronics manufacturing. The event will bring together technologies and ...

Read more...