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Global Semiconductor Sales in May Up 26 2% YoY, 4 1% MoM
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Global chip demand remains high
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Global Semiconductor Sales Increase 1 9% Month-to-Month in April
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Global semiconductor market slated to grow by 19.7% in 2021
Worldwide semiconductor market is forecasted to be USD 527 billion in 2021 – an in-crease of 19.7% from 2020 – reports the European Semiconductor Industry Association (ESIA) based on the latest WSTS forecast data.
The World Semiconductor Trade Statistics (WSTS) has released its new semiconductor market forecast generated in May 2021. WSTS expects the worldwide semiconductor market growth to rise from 6.8% in 2020 to outstanding 19.7% in the year 2021, which corresponds to a market size of USD 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%.