WSTS: Global semiconductor market is expected to show a growth rate of 25.1% in 2021

According to the latest report released by WSTS, following an increase of 6.8% in 2020, the global Semiconductor market is expected to grow to US$551 billion in 2021, a growth rate of 25.1%.

The data provided by WSTS shows the growth of all major product categories, of which the largest growth contributors are Memory with 37.1 percent, followed by Analog with 29.1 percent and Logic with 26.2 percent.

WSTS: Global semiconductor market is expected to show a growth rate of 25.1% in 2021

The report shows that all geographic regions are expected to show double-digit growth in 2021. The Asia Pacific region is expected to grow 27.2 percent. Europe is expected to recover in 2021 and is expected to show a market increase of 26.4 percent. The Americas are expected to show a growth of 21.5 percent and Japan 17.7 percent.

For 2022, the global semiconductor market is projected to grow by 10.1 percent to US$ 606 billion, driven by a double-digit growth of the Memory category. All regions are expected to show positive growth rates again.

More information on the report, visit https://www.wsts.org/76/Recent-News-Release.

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