Source: The content of this article comes from China Business Times, thank you.
Market research firm IDC estimates that the global economy is on the road to recovery in the post-epidemic era. Semiconductor technology is critical to the recovery of every industry and will drive the global semiconductor market to grow by another 7.7% in 2021 to US$476 billion.
Image source: Commercial Times
According to IDC's Global Semiconductor Application Forecast Report, global semiconductor revenue will reach US$442 billion in 2020, a 5.4% increase from 2019. DRAM and NAND Flash, which performed poorly in 2019, also recovered in 2020, growing by 4% and 32.9% respectively.
IDC predicts that as vaccines become more widely available and the economy begins to open up and gradually recover, the semiconductor market will reach US$476 billion in 2021, with an annual growth rate of 7.7%.
Mario Morales, vice president of IDC's global semiconductor research, said that in the first half of this year, the enterprise, cloud computing, and telecommunications equipment markets are still digesting inventory, but this will not affect the growth momentum this year. Semiconductor technology is still very critical in the recovery process of each industry.
Semiconductors for computing systems such as PCs and servers grew by approximately 10.9% in 2020 to reach US$152 billion.
Working and studying from home have increased PC purchasing power in the enterprise and consumer markets. In addition, the dispersion of employees and students from centralized locations has forced cloud service providers, telecom operators, and enterprise IT departments to invest more actively in computing infrastructure. IDC predicts that by 2021, computing system semiconductor revenue will grow 6.3% to $161 billion.
As the growth of 5G mobile phones has significantly accelerated, smartphones have become the second largest demand driver for semiconductor development in 2020.
Although mobile phone shipments fell by more than 5% in 2020, mobile phone semiconductor revenue grew by about 3% due to the market's shift to higher-priced 5G semiconductors, more memory, sensors, and RF support for more frequency bands. 2021 will be a particularly important year for semiconductor manufacturers, as 5G phones will account for 30% of all mobile phone shipments, and semiconductors for 5G phones will account for nearly 54% of revenue. IDC predicts that mobile phone semiconductor revenue will grow 11.4% to $128 billion in 2021.
In the automotive and industrial semiconductor market, automotive OEMs are experiencing manufacturing disruptions due to the allocation of production by some semiconductor foundries and semiconductor shortages. In 2020, auto sales fell 14.5% to 71 million units, resulting in an 8.4% drop in automotive semiconductor revenue to $37 billion. IDC predicts that non-memory automotive semiconductor revenue will grow by 12.6% by 2021, and market development is worth looking forward to.
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