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Chip sales to exceed $ 500 billion this year

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Experts of the analytical company IC Insights have prepared a forecast related to the global market of integrated circuits and covering the period from 2021 to 2025. They note that it is rare that 32 of the 33 major market categories identified by the industry statistics organization World Semiconductor Trade Statistics (WSTS) are expected to grow.

This year, 29 product categories will see double-digit growth. Strong demand is projected to lead to an overall increase in chip sales of 24%. For the first time in history, the $ 500 billion mark will be exceeded.

The current situation with a shortage of microcircuits used in smartphones, computers, TVs, cars and other products, according to IC Insights, may last until 2022.

The market will continue to grow in the coming year and beyond, bringing the total to more than $ 640 billion in 2023. Average annual growth from 2021 to 2025 will be 10.7%.

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