The Semiconductor Industry Association (SIA) released data today (February 14) showing that global chip sales will reach a record $555.9 billion in 2021, a year-on-year increase of 26.2%, and forecast an 8.8% increase in 2022.
"The trend in demand growth is still very strong," said John Neuffer, chief executive of the association, of the expected slowdown in 2022. "We just won't get that stimulative effect as we did during the pandemic."
The association sees 2020 sales rising 6.8% from the previous year, while 2021 is the first year since 2018 that chip sales surpassed one trillion.
Neuffer pointed out that 1.15 trillion semiconductor devices will be sold globally in 2021, with the largest increase in automotive-grade chips. Sales in this segment increased 34% from the previous year to $26.4 billion, with shipments up 33% year-over-year.
SIA also said that mainland China remains the world's largest semiconductor market, with sales totaling US$192.5 billion in 2021, up 27.1%, followed by Europe (27.3%), the Asia Pacific/all other regions (25.9%) and Japan (19.8%). Annual sales also increased. Regionally, the Americas market will see the largest sales growth (27.4%) in 2021.
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