Analysis and Studies - Products analysis
Semiconductors - Industry Analysis
January 28th 2022
Intro to the Industry
Semiconductors are physical substances that allow to control the flow of current in electronic devices and equipment. They sit between conductors and insulators and they are at the basis of production of electronic chips, computing components, and devices. Millions of products like cars, smartphones and more rely on electronic chips, which are quite entirely made of semiconductors: people can often find interchangeable information and statistics for these two goods.
In 2020, with the outbreak of the Covid-19 pandemic, sales of devices soared at a point that semiconductors makers where struggling to keep up with demand. The global chip shortage that is affecting today lot of industries globally stands from there.
Semiconductors Industry Data 2021-2022
The semiconductors sales in 2021 accounted for a total of $553.0 billion in 2021, with an increase of +25.6% with respect to the previous year. For October 2021, the sector registered $48.8 billion in sales, increasing totally for more than 20% YTY. On average, the key geographical players viewed an increase of sales for more than 20%.
For 2022, the WSTS predicts a total of more than $600B sales, with an increase of approx. 9% with respect to 2021.
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