Semiconductors: 5.1% growth expected for 2020

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The World Semiconductor Trade Statistics (WSTS) expects the world semiconductor market to be up by 5.1 percent to US$ 433 billion in 2020. This reflects expected growth in all major product categories, except Optoelectronics and Discrete Semiconductors. The largest growth contributors are Memory with 12.2 percent, followed by Sensors with 7.4 percent. In 2020, Americas and Asia Pacific regions are expected to increase. For 2021, the global semiconductor market is projected to increase by 8.4 percent, driven by double-digit growth of Memory and Optoelectronics. All other product categories are also expected to show positive growth rates. Besides, all regions are expected to grow in 2021. As highlighted by WSTS, the semiconductor market overall is not that negatively impacted by the Covid-19 pandemic as originally expected earlier this year.