Robust growth expected for nearly all IC products in 2021
Special Purpose Logic, DRAM, Cellphone MPUs, and Display Drivers forecast to lead industry-wide upturn as demand extends into the second half of the year, says IC Insights.
The distribution of growth rates for the 33 IC product categories in 2020 and IC Insights’ forecast for 2021. IC Insights expects 32 of the 33 product categories to experience sales growth this year with 29 product categories expected to see double-digit growth, representing one of the strongest and broadest sales industry outlooks that IC Insights has ever documented. In previous strong-growth years, perhaps a handful of IC products had extraordinary sales gains that helped raise overall IC market growth. But, in 2021, it appears that robust growth has permeated nearly all product categories across the entire IC industry. Only the fading and insignificant gate array market (forecast sales of USD 58 million in 2021) is expected to decline in sales.
The 33 major IC product categories ranked by their forecast sales percentage growth rates for 2021 are shown in the table below. Many Special Purpose Logic categories are forecast to rank high on the growth list this year, along with DRAM, cellphone MPUs, and display drivers, which are all on track to see sales rise by more than 30%, with the total IC market now forecast to rise 24%.