Wednesday, December 2, 2020

The global semiconductor market is projected to grow by 8.4 percent in 2021 according to WSTS Forecast

WSTS has released it latest forecast for the global semiconductor industry. The Worldwide Semiconductor Market is forecasted to be US$ 433 billion in 2020 - an increase of 5.1 percent from 2019- 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 grow.

2021, the global semiconductor market is projected to grow by 8.4 percent, driven by double-digit growth of Memory and Optoelectronics.


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