A newly released WSTS industry forecast projects annual global sales of semiconductors will increase by 19.7% in 2021 and by 8.8% in 2022.
Worldwide sales of semiconductors reached $41.8 billion in April 2021, an increase of 1.9% from the March 2021 total of $41 billion and 21.7% more than the April 2020 total of $34.4 billion, according to the Semiconductor Industry Association (SIA). Monthly sales are compiled by the World Semiconductor Trade Statistics (WSTS) organization and represent a three-month moving average. Additionally, a newly released WSTS industry forecast projects annual global sales will increase 19.7% in 2021 and 8.8% in 2022. SIA represents 98% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms.
“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,” said John Neuffer, SIA president and CEO. “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.”
Regionally, month-to-month 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 year-to-year basis, sales increased in China (25.7%), Asia Pacific/All Other (24.3%), Europe (20.1%), Japan (17.6%), and the Americas (14.3%).
Additionally, SIA today endorsed the WSTS Spring 2021 global semiconductor sales forecast, which projects the industry’s worldwide sales will be $527.2 billion in 2021, a 19.7% increase from the 2020 sales total of $440.4 billion. WSTS projects year-to-year 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.