Semiconductors: worldwide market is expected to increase by 19.7% in 2021

Image by Willfried Wende from Pixabay

WSTS expects the worldwide semiconductor market growth to rise from 6.8% in 2020 to 19.7% in the year 2021, which corresponds to a market size of US$ 527 billion. The largest growth contributors are Memory with 31.7%, followed by Sensors with 22.4% and Analog with 21.7%. All other major product categories are also expected to show double-digit growth-rates, with the exceptions of Optoelectronics with 9.8% and MOS Micro with 8.1%. In 2021, Asia Pacific (including China) is forecasted to show the strongest growth rate with 23.5%, followed by Europe with 21.1%, Japan 12.7% and Americas with 11.1%. For 2022, the global semiconductor market is projected to grow to by 8.8% to US$ 573 billion, driven by a double-digit growth of the Memory category. All regions are expected again to show positive growth rates.