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- The semiconductor market is currently in a booming phase, with sales growing by more than 20 percent to about $600 billion in 20211. The industry’s aggregate annual growth could average from 6 to 8 percent a year up to 20301. However, the short-term outlook for semiconductor revenue has worsened, with global semiconductor revenue projected to decline 3.6% in 20232. Despite this, the market is expected to remain high, with predictions suggesting that the market will stay above 550 billion U.S. dollars in 20233. IDC projects the semiconductor market to grow 17.3% in 2021 and reach potential overcapacity by 20234.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.As the impact of digital on lives and businesses has accelerated, semiconductor markets have boomed, with sales growing by more than 20 percent to about $600 billion in 2021. McKinsey analysis based on a range of macroeconomic assumptions suggests the industry’s aggregate annual growth could average from 6 to 8 percent a year up to 2030.www.mckinsey.com/industries/semiconductors/our …Global semiconductor revenue is projected to decline 3.6% in 2023, according to the latest forecast from Gartner, Inc. In 2022, the market is on pace to grow 4% and total $618 billion. “The short-term outlook for semiconductor revenue has worsened,” said Richard Gordon, Practice Vice President at Gartner.www.gartner.com/en/newsroom/press-releases/20…Over the last decade, revenues generated by the global semiconductor industry have steadily increased, surpassing 580 billion U.S. dollars in 2022. In the coming years, semiconductor market revenues are expected to remain high, with predictions suggesting that the market will stay above 550 billion U.S. dollars in 2023.www.statista.com/statistics/498265/cagr-main-semi…
IDC projects the semiconductor market to grow 17.3% in 2021 and reach potential overcapacity by 2023. Despite the current situation, the market is expected to reach $600 billion by 2025 and $1 trillion by the end of this decade.
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