European Semiconductor Market Hits Record High in 2021

Reading time ( words)

The European Semiconductor Industry Association (ESIA) reported that yearly semiconductor sales in the European market reached US$ 47.757 billion in 2021, a 27.3% increase versus 2020 and a 27% increase versus the same month in 2020. Global semiconductor sales in 2021 amounted to US$ 555.893 billion, a 26.2% increase from the year 2020. All figures are based on the last World Semiconductor Trade Statistics (WSTS) and represent a three-month rolling average unless otherwise indicated.

“The record figures reached by the semiconductor market in 2021 indicate the industry’s strong response to the unprecedented growth in demand of semiconductors worldwide”, stated Hendrik Abma, ESIA Director-General.

Looking at month-to-month developments, the main drivers of the December growth were sensors & actuators, and logic semiconductor devices, up 2.5 and 2.4% respectively com- pared to November. Sales of application-specific chips grew steadily in December, with wire- less & wired communication and computer performing particularly well.

In 2021 overall, the effects of exchange rates on the European sales picture amounted to a growth difference of 4.4%. Measured in Euros, the total 2021 European market increased by 22.9% versus the year 2020 and amounted to 40.432 billion Euros. In December 2021, ex- change rate effects increased their visibility versus November. Semiconductor sales were 3.758 billion Euros in December 2021, up 1.8% versus the previous month and up 32.3% versus the same month a year ago.


Suggested Items

Book Review: The Trust Factor—The Science of Creating High-Performance Companies

02/28/2017 | Dan Beaulieu
This is a book about trust and it deals with what your associates, partners and customers feel about you and how you can make trust the most important element of your relationships with them.

Copyright © 2022 I-Connect007. All rights reserved.