IC market to top $500B this year, $600B in 2023

Paul van Gerven
Leestijd: 1 minuut

The semiconductor market will pass the 500-billion-dollar mark for the first time in history this year, IC Insights predicts. Furthermore, the market researcher is forecasting continued growth next year and again in 2023 when worldwide IC revenues are projected to exceed 600 billion dollars for the first time. Throughout the forecast period, momentum is expected to surge for 5G connectivity, artificial intelligence, deep learning, virtual reality and emerging applications in mobile, data center and cloud computer servers, automotive and industrial markets, resulting in a robust IC market CAGR of 10.7 percent from 2020-2025.

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