Specialists of the analytical company IC Insights prepared a forecast related to the chip market. According to the forecast, the global supply of chips this year will reach 427.7 billion units, having increased by 9.2% compared with last year. This figure is close to the annual average of 9.4% in the long-term forecast. Last year, chip shipments grew 22% relative to 2020 levels, the highest value since the 2010 boom.
This comparison provides a measure of the industry’s growth: almost five times as many chips are expected to be shipped this year as in 2000, and almost 44 times as many as were shipped in 1980. The chart published by IC Insights provides a visual representation.
The analysts note that shipments have only declined from year to year five times in history: in 1985, 2001, 2009, 2012 and 2019. And shipments have never declined two years in a row.