Industry Trend Report｜Global Semiconductor 2022 Review and 2023 Outlook (Next)

2023Global Semiconductor Market and Industry Outlook

According to the long-term tracking data of IC Insights, a market research organization, the development of global semiconductor market before 2010 is mainly led by producers, and the driving force is the capital expenditure, production capacity and wafer prices. The organization analyzed that the correlation between the global semiconductor market and the growth rate of GDP was -0.1 from 1990 to 1999, and then increased to 0.63 from 2000 to 2009, and it is estimated that the correlation will reach 0.9 from 2020 to 2024, which is close to the full positive correlation coefficient of 1.0. The organization analyzed the correlation between the global semiconductor market and GDP growth rate between 1990 and 1999 as -0.1, which grew to 0.63 between 2000 and 2009, and then increased to 0.85 between 2010 and 2019, and estimated the correlation to reach 0.9 between 2020 and 2024, approaching the full positive correlation coefficient of 1.0, indicating that the global economy will be led by the global economic growth after 2010, and the driving factors will be the interest rates, prices, and fiscal stimulus measures and other important factors that affect the GDP. The organization believes that one of the factors contributing to the change is the continuous mergers and acquisitions among manufacturers, resulting in fewer and fewer manufacturers and increasing scale, making the semiconductor industry mature; the second is the growing influence of consumer demand on the global semiconductor market, 20 years ago, driving the development of the semiconductor market, industry and consumer applications ratio of 60%:40%, but now the ratio has been reversed, because of smart phones, smart phones, consumer applications and consumer applications. In recent years, smart phones, wearable devices, game consoles, smart speakers, smart home, tablet PCs and other new consumer electronics products have been launched so that the global semiconductor manufacturers continue to enhance technology and capacity. Market research firm Gartner pointed out that in 2022, the world's top three semiconductor end-use markets are smartphones, data centers, and personal computers, accounting for 24.6%, 13.7%, and 12.5%, in that order.