Updates to Semiconductor Market Research Services on Website & Mobile App:
- Silicon Demand – V21.06
- Electronics & Macroeconomy – V21.06
The pandemic accelerated the digital transformation of the economy and is creating sustained demand for semiconductors. That, coupled with an improving macro backdrop, has led to a significant increase in semiconductor demand in 2021. The spike in demand has resulted in shortages in many semiconductor segments. Chipmakers are adding more capacity to meet demand; however, shortages are not expected to abate until the second half of the year. Silicon demand is expected to increase 15% in 2021 with all major segments increasing by double digits.
Worldwide electronics sales are expected to surge 10% this year after growing 2% last year. The world GDP (in terms of purchasing power parity) is expected to jump nearly 8% after tumbling 2% in 2020. Given the strong correlation between worldwide GDP and electronics, this boost should come as no surprise.
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