Worldwide sale of semiconductors is to forecast to achieve 5.1 percent increase to $433.1 billion in 2020 and 8.4 percent increase in 2021, according to the Semiconductor Industry Association (SIA).
WSTS projects year-to-year increases in 2020 for the Americas (18.7 percent) and Asia Pacific (3.8 percent), with decreases projected in Japan (-0.6 percent) and Europe (-8.4 percent).
The last WSTS forecast, released in July 2020, projected smaller market growth of 3.3 percent in 2020 and 6.2 percent in 2021.
Sales of semiconductors reached $39 billion in October 2020, registering an increase of 6 percent against the October 2019 total of $36.8 billion and 3.1 percent more than the September 2020 total of $37.9 billion.
“Annual semiconductor sales are projected to increase moderately in 2020, with somewhat larger growth forecasted for 2021,” John Neuffer, SIA president and CEO, said.
Sales rose on a year-to-year basis in the Americas (14.2 percent), China (6.3 percent), and Asia Pacific/All Other (5.3 percent), but decreased in Japan (-1.0 percent) and Europe (-4.8 percent). On a month-to-month basis, sales increased across all regions: Europe (6.0 percent), the Americas (3.2 percent), China (2.9 percent), Asia Pacific/All Other (2.8 percent), and Japan (1.6 percent).