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).
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.
Figure 2.
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.
Further reading:
From the editor's desk: AI – a double-edged sword
Technews Publishing
News
As with any powerful tool, AI presents challenges, some of which, if not carefully managed, threaten to undo the potential that it can offer.
Read more...
Global semiconductor sales increase
News
The Semiconductor Industry Association (SIA) has announced global semiconductor sales were $57,0 billion during the month of April 2025, an increase of 2,5% compared to the March 2025.
Read more...
Avnet Abacus announced new president
Avnet Abacus
News
Avnet Abacus has announced that Mario Merino will succeed Rudy Van Parijs as president of Avnet Abacus, effective 1 July 2025.
Read more...
Avnet Abacus wins multiple prestigious awards
Avnet Abacus
News
The awards from Molex recognise outstanding performance, collaboration, and significant growth in the challenging market conditions of 2024.
Read more...
Components distribution slowdown Q1 2025
News
European components distribution (DMASS) experienced a continued slowdown in the first quarter 2025.
Read more...
Semiconductor sales increase 17% YoY
News
The Semiconductor Industry Association (SIA) recently announced global semiconductor sales were $54,9 billion during the month of February 2025, an increase of 17,1% compared to the February 2024 total.
Read more...
Silicon Labs – Q1 results
News
Silicon Labs, a leading innovator in low-power wireless, recently reported financial results for the first quarter, which ended April 5, 2025.
Read more...
Strengthening industry through strategic partnerships at KITE 2025
Specialised Exhibitions
News
The KwaZulu-Natal Industrial Technology Exhibition is not just an exhibition, it is a powerhouse of industry collaboration where visitors and exhibitors gain access to authoritative insights, technical expertise, and high-impact networking opportunities.
Read more...
Solar Youth Project calls on industry to step up
News
With the second cohort completed training and the first cohort returning for their final module, host companies are urgently needed to turn the training into a long-term opportunity.
Read more...
Conlog powers SA’s future with national smart meter rollout
News
Conlog recently secured the RT29-2024 contract from National Treasury, which is seen to be a major milestone towards modernising SA’s utility infrastructure.
Read more...
printer friendly version
