Up to 19 percent IC market growth this year, says IC Insights

The IC industry is continuing its strong revenue growth trajectory, IC Insight predicts. After recording a year-on-year growth of 13 percent last year, the market research firm forecasts 12-19 percent growth for 2021. Most IC product lines, from analog to logic and DRAM, contribute to the raised expectations.

In 2020, the global pandemic accelerated the digital transformation of the worldwide economy, which led to an increase in sales of new electronic systems and a marked uptick in the IC market in the second half of the year. This demand has continued in full force in Q1 of 2021, says IC Insights. While the Covid-19 situation is still very fluid, many semiconductor companies have released strong Q1 guidance and expect healthy demand to continue throughout this year.

IC Insights believes that the IC market will show a 2 percent increase from Q4 2020 to Q1 2021. If this forecast comes to fruition, it would be the first Q4/Q1 sequential IC market increase since a 1 percent growth rate was registered 10 years ago in Q1 of 2011.