23 Oct 2020 -
 General

TrendForce 2021 forecast is revealed: strong predictions for electronics market

report supply chain 5G smartphones

Technology market researchers, TrendForce, have just released their 2021 market forecast for the broader electronics industry.

According to TrendForce, driving up demand in the electronics and technology market will be 5G infrastructure projects; growth in server demand; mobile handset and OLEDs; and camera monitoring systems.

Key findings include:

  • Global mobile network operators will focus on network coverage and service expansion in 2021.
  • Camera-based DMS (driver monitoring systems) will undergo an explosive growth with a 92% CAGR over five years.
  • As a new climate emerges in the global IC design industry in 2021, total revenue is projected to grow by 5.4% YoY.
  • The server market will welcome the new normal in the post-pandemic era in 2021.
  • 5G smartphone production will likely exceed 500 million units, with an almost 40% penetration rate.
  • As the supply and demand of large-sized panels nears equilibrium, the penetration rate of OLED panels in smartphones will skyrocket.
  • Yearly AR glasses shipment is projected to exceed 10 million units in 2024 thanks to 5G network development.

For more help with looking at supply chain options, contact Astute Electronics.

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