Manufacturers in many sectors are encountering volatile demand dynamics in the hunt for semiconductors, note partner Wim Gysegom and coauthors. A weak economic outlook for consumer electronics such as PCs has created excess stocks of memory chips. Meanwhile, automotive and industrial sectors are facing tighter semiconductor supplies, with projected demand growth of 14 and 10 percent, respectively.
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A series of three vertical graphs show the estimated changes in the global semiconductor market in 2021 and 2030. The first graph breaks down the market by percentage share, by vertical, with automotive electronics and industrial electronics showing the largest growth. The second breaks down the market by value in billions of dollars, with large increases in the value of wireless communications and computing and data storage. The final graph shows the estimated percentage of CAGR for each of the verticals between 2021 and 2030, with automotive and industrial electronics showing the biggest shift.
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To read the article, see “Chip hunting: The semiconductor procurement solution when other options fail,” April 4, 2023.