Posted May 6th, 2021 for IDC
SAN MATEO, Calif., May 6, 2021 – Despite the impact of COVID-19 on the global economy, the semiconductor market performed strongly in 2020. Demand by industry was uneven throughout the year due to global lockdowns, remote work and education, and shifts in consumer buying behavior. Worldwide semiconductor revenue grew to $464 billion in 2020, an increase of 10.8% compared to 2019, according to the Semiconductor Applications Forecaster (SAF) from International Data Corporation ( IDC ). IDC forecasts the semiconductor market will reach $522 billion in 2021, a 12.5% year-over-year growth rate. IDC anticipates continued robust growth in consumer, computing, 5G, and automotive semiconductors. Supply constraints will continue through 2021. While shortages initially occurred in automotive semiconductors, the impact is being felt across the board in semiconductors manufactured at older technology nodes. Much like a traffic jam and the ripple effe
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Despite the impact of Covid-19 on the global economy, the semiconductor market performed better than expected in 2020, fueled by the growth in cloud computing and demand for devices to support remote work and learning.
Worldwide semiconductor revenue grew to $442-billion in 2020, an increase of 5,4% compared to 2019, according to the Semiconductor Applications Forecaster (SAF) from International Data Corporation (IDC).
The DRAM and NAND markets also recovered after a poor 2019, growing 4% and 32,9%, respectively. IDC forecasts the semiconductor market will reach $476-billion in 2021, a 7,7% year-over-year growth rate as the various Covid-19 vaccines are disseminated and economies begin to open and gradually recover.