The worldwide semiconductor market carried out higher than anticipated in 2020, the Worldwide Knowledge Company (IDC) mentioned in its Semiconductor Purposes Forecaster report. IDC mentioned that the worldwide semiconductor market grew by 5.Four p.c year-on-year to a complete of $442 billion in 2020. The report additionally mentioned that the market is anticipated to develop even additional to attain $476 billion in 2021 – a 7.7 p.c year-on-year progress because the world is anticipated to recuperate from the results of the COVID-19 pandemic.
The IDC report mentioned that the Dynamic random entry reminiscence (DRAM) and NAND semiconductor markets additionally noticed restoration after a poor 2019, rising Four p.c and 32.9 p.c respectively. In its report, IDC mentioned that the emergence of COVID-19 and subsequent measures taken to handle an infection charges, together with stay-at-home mandates, distant work, distant schooling, journey restrictions, and manufacturing shutdowns, created important enterprise volatility that impacted industries inconsistently.
The marketplace for semiconductors in computing methods, equivalent to PCs and servers, outpaced the general semiconductor market, rising 10.9 oercent 12 months over 12 months to $152 billion in 2020. IDC forecasts computing methods revenues will develop 6.three p.c to $161 billion in 2021.
Additional, smartphones have been the second largest driver for the 2020 progress, in accordance to the IDC report. This was pushed by the expansion in 5G smartphones. IDC forecasts cell phone semiconductor revenues will develop by 11.Four p.c in 2021 to $128 billion.
The IDC report additionally mentioned that due to the decline in automotive gross sales in 2020, the automotive semiconductor income fell 8.Four p.c in 2020 to $37 billion. “An automotive restoration in 2021 depends upon the speed of vaccination and the way effectively the vaccinations defend in opposition to the brand new variants of COVID-19 which are rising around the globe,” mentioned Nina Turner, analysis supervisor for Automotive Semiconductors at IDC.