Worldwide silicon demand on track to increase 2% 2020, an improvement from the previous forecast of flat growth

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    ForecastPro Module:

    - Silicon Demand V20.09

    The Semiconductor market has been very resilient in 2020 despite the worldwide pandemic, which has taken a toll on the economic activity and disrupted many parts of the electronics supply chain. Silicon demand is on track to increase 2% in 2020, an improvement from our previous forecast of flat growth. Although the low-base of 2019 makes for an easy year-over-year comparison, the 2% growth is still impressive given the state of the world economy. The uptick has been driven by the emergence of the work-at-home-economy, the 5G ramp, and the rise of e-commerce. The demand in these markets has offset the weakness seen in other sectors like Automotive and Industrial.


    Worldwide silicon demand on track to increase 2% 2020, an improvement from the previous forecast of flat growth

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