Momentum goes on despite elevated risks
The wider electronic component industry has proved to be one of the clear winners of the Covid-19 pandemic, thanks largely to unprecedented demand from across the world and price increases. Among the industry, semiconductor is by far the largest segment and the bellwether of the wider component market. Semiconductor global sales is expected to reach an all-time high in 2021 at US$553bn, representing an exceptional year-on-year increase of 26%.
However, final demand growth is expected to normalize from 2022 while new production capacities are coming online in an accelerating manner. Moreover, the semiconductor sector is set to enter a cyclical recession after 4-5 years of growth. Download our report today to find out which three factors are setting the tone for 2022 and beyond.
Some of the key findings include: