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Global semiconductor sales forecast to hit US$527.2b in 2021, says SIA

Global semiconductor sales forecast to hit US$527.2b in 2021, says SIA

10 Jun 2021

Global sales of semiconductors jumped 21.7% year-on-year (y-o-y) in April 2021 to US$41.8 billion from US$34.4 billion a year earlier, according to the US-based Semiconductor Industry Association (SIA).

In a statement on its website June 9, SIA said the figure was 1.9% higher month-on-month (m-o-m) from the March 2021 total of US$41.0 billion.

Monthly sales are compiled by the World Semiconductor Trade Statistics (WSTS) organisation and represent a three-month moving average.

Meanwhile, the WSTS Spring 2021 global semiconductor sales forecast projects the industry’s worldwide sales will be US$527.2 billion in 2021, a 19.7% increase from the 2020 sales total of $440.4 billion.

WSTS projects y-o-y increases in Asia Pacific (23.5%), Europe (21.1%), Japan (12.7%), and the Americas (11.1%).

In 2022, the global market is projected to post slower – but still substantial – growth of 8.8%.

WSTS tabulates its semi-annual industry forecast by gathering input from an extensive group of global semiconductor companies that provide accurate and timely indicators of semiconductor trends.

SIA president and CEO John Neuffer said global demand for semiconductors remained high in April, as reflected by rising sales across a range of chip products and throughout each of the world’s major regional markets.

“The global chip market is projected to grow substantially in 2021 and 2022 as semiconductors become increasingly integral to the game-changing technologies of today and the future,” he said.

SIA said that regionally, m-o-m sales increased across all major regional markets: the Americas (3.3%), Japan (2.6%), China (2.3%), Europe (1.6%), and Asia Pacific/All Other (0.5%).

On a y-o-y basis, sales increased in China (25.7%), Asia Pacific/All Other (24.3%), Europe (20.1%), Japan (17.6%), and the Americas (14.3%).

Source: The Edge Markets

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