Semiconductor market growth in 2022 will decelerate sharply, and next year the market could decline altogether

Semiconductor market growth in 2022 will decelerate sharply, and next year the market could decline

Gartner has published a recent forecast of the global market for semiconductor products, and analysts are recording a slowdown in the industry, and next year growth can be reversed by a fall.

In 2021, according to analysts, world expenditure on semiconductor products reached $595.0 billion. 26.3 per cent growth compared to the previous year ' s results has been recorded, but this year ' s growth rate will be markedly lower, at around 7.4 per cent, resulting in an industry of approximately $639.2 billion. Experts note that the chip deficit situation is improving, but the current geopolitical climate is having a negative impact on the market.

In particular, the supply of personal computers is expected to decline by 13.1% in the current year, resulting in a drop of 5.4 per cent in the earnings from the shipment of semiconductors in this segment, and a decrease of 5.4 per cent in the supply of semiconductor chips for smartphones.

In 2023, Gartner believed that the global market for semiconductor products would show a fall of 2.5% to $623.1 billion.