Experts of analytical company Technavio have prepared a forecast related to the world market of semiconductor products. According to the forecast, in the period from 2020 to 2024, this market in monetary terms will grow by 90.80 billion dollars. This figure corresponds to an average annual growth of more than 4%. It should be noted that this year the market is projected to shrink by 2.68% compared to last year.
According to Technavio, the growth in the next few years will be largely due to the spread of advanced technologies for packaging of crystals in cases. Analysts attribute a significant contribution to growth to Broadcom and Infineon Technologies AG.
Geographically, the engine will be the Asia-Pacific region, which will account for 76% of growth.
Technavio experts call the U.S.-China trade war a growth constraint, which will have a negative impact on the industry.