Global Semiconductor Devices Landscape: Which Novel Avenues are Maximizing Growth?
The convergence of 5G, IoT, and AI/ML and advancements in mobility (led by EVs and AVs) will lead to accelerated demand for semiconductor devices across all process nodes
The global semiconductors industry registered growth in 2020 after declining by 12.0% in 2019. Growth in 2020 was attributed to the increasing sales of notebooks, tablets, and datacenter (DC) products.
In 2021 (and beyond), growth will be driven by the technology convergence of connectivity and AI/ML, which will be the core of product development activities across all verticals. The increased deployment of 5G, the rising adoption of 5G smartphones, the increasing electronics content in automotive, the migration to EVs and AVs, factory automation, and the proliferation of IoT devices in smart homes are key trends that will drive future market growth.
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