According to a recent report from Gartner, global semiconductor sales jumped 25.1% in 2021 to $583.5 billion, crossing the $500 billion mark for the first time. Total revenues climbed $42.1 billion in 2021, accounting for 33.8% of overall semiconductor revenue growth.
DRAM had the strongest success within memory, with a revenue increase of 40.4% in 2021 to $92.5 billion. Strong demand from servers and PCs resulted in a DRAM shortage, resulting in double-digit ASPs for most of the year.
Microchip sales are also getting a push from soaring demand from the 5G smartphone market, with unit manufacturing more than doubling to 555 million in 2021, up from 250 million in 2020.
Moreover, the growing demand for the Internet of Things (IoT), artificial intelligence and virtual reality has seen demand for microchips soar.
That said, the semiconductor shortage is far from over and is likely to continue almost throughout this year. This is only going to help the industry, given that the demand will continue.
According to a recent study by Deloitte, the global semiconductor industry is projected to grow 10% in 2022 to reach $600 billion for the first time.
Given the rising demand for semiconductors and continuing supply crunch, the semiconductor industry is only likely to benefit in the near term.
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