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The global semiconductor market continues to grow

The global semiconductor market continues to grow

  • 2020-11-12



Almost every industry in the world has been hit hard by coVID-19 this year, but only the semiconductor industry has been able to sustain growth. According to recent statistics, the global semiconductor market is expected to reach us $430 billion in 2020, growing about 4.7 percent from 2019.


The main opportunities to boost semiconductor growth in 2020 are 5G, artificial intelligence, autonomous driving and iot chips. In addition, looking ahead to 2021, the global semiconductor market is likely to show double-digit growth and reach $470 billion in size.



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