CLEVELAND, Jan. 17, 2018 /PRNewswire/ -- US shipments of semiconductors are forecast to reach $50.1 billion in 2021, according to Semiconductors: United States, a report recently released by Freedonia Focus Reports. Integrated circuit (IC) shipments are projected to account for 57% of industry shipment growth to 2021. Expansion in domestic and foreign manufacturing of electronic products (eg, smartphones) will benefit US suppliers.
More information about the report is available at https://www.freedoniafocusreports.com/Semiconductors-United-States-FF80023/
Additionally, US semiconductor manufacturers account for a significant share of global semiconductor output, and a considerable number are exported globally. Thus, demand for semiconductors produced in the US is not limited to domestic markets. Important factors in the global market for semiconductors include the growing proliferation of personal electronics, as well as the increasing adoption of semiconductors in products such as motor vehicles, machinery, and appliances. The expanding number of items that are connected to each other and to the internet, which necessarily requires ICs, is referred to as the "Internet of Things" (IoT). Semiconductor suppliers expect the spread of the IoT to generate considerable sales.
These and other key insights are featured in Semiconductors: United States. This report forecasts to 2021 US semiconductor shipments in nominal US dollars at the manufacturer level. Total shipments are segmented by product in terms of:
- diodes and rectifiers
- other products such as wafers, light-emitting diodes, and solar cells
To illustrate historical trends, total shipments, the various segments, and trade are provided in annual series from 2006 to 2016.
About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Industrials reports can be purchased at Freedonia Focus Reports or MarketResearch.com.
Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study
SOURCE The Freedonia Group