21 Jun 2021 -

Global IC market is expected to grow by 24% in 2021

New research by IC Insights reveals that the total logic IC market is forecast to increase by 24% in 2021.

Every major general-purpose analog and application-specific analog market segment tracked by IC Insights is expected to post a double-digit increase.

The automotive application specific analog segment is forecast to lead the way in analog market growth this year with a 31% increase driven almost entirely by a 30% increase unit volume shipments.

Of the 33 product types tracked, 32 are expected to register growth this year. Included are market, unit, average selling price (ASP), and 2020-2025 compound annual growth rate (CAGR) data for each IC product category

Highlights to note:

  • With the price per bit of DRAM rising 28% from 39 cents per Gb in 4Q20 to 50 cents per Gb in 2Q21, IC Insights raised its full year 2021 forecast for the DRAM market to 41%. Moreover, it is expected that the price per bit of DRAM will continue to rise in the second half of this year as supply remains tight.
  • The forecast for the NAND flash market is for 22% growth. The price per bit of NAND declined 26% from 1Q20 to 1Q21, but pricing stabilized in 2Q21 and is expected to increase over the remaining two quarters of this year. For all of 2021, the total memory market is forecast to be up by 32%.

To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than three decades of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.

Either through the hundreds of manufacturers we purchase directly from, or the international network of component supply-partners offering full product traceability, Astute Safe-Supply, run by sourcing experts and offers a deeper insight into the global components markets.

With real-time access to the latest listings and prices cultivated through several decades of close supplier partnerships, we are able to spot price disparities and leverage product price variances to deliver cost-effective solutions to customers, whilst ensuring a quality, risk-free supply.

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

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