Tuesday, April 26, 2022

5G, automotive to drive semiconductor revenue through 2022

Worldwide semiconductor revenue is set to increase by 13.6% this year as demand continues to exceed supply, according to a Gartner Research report.

That growth will likely level off in 2023, however, with just a 3.6% increase predicted for that year, noted the report, which was released Tuesday. It's a function of overall supply and demand coming into near-balance in the future, according to Gartner.

The chip shortage that has created widespread supply constraints in the recent past is beginning to ease, although some sectors — most notably the automotive industry – will still see demand outstripping supply for the foreseeable future.

Alan Priestley, the report's author and a research vice president at Gartner, said that automotive semiconductor demand will grow despite flaccid overall vehicle production.

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Thanks to Jon Gold (see source)

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