In 2008, GSA started tracking semiconductor sales forecasts from industry analysts to provide an early snapshot of how analysts predict the market will finish at year-end. We periodically update the table as analysts revise their forecasts, tracking the percentage-point revisions throughout the year.

Company 2021 Forecasted Growth As of
Cowan LRA 4.8%

5.0%

4.4%

4.1%

Mar 2020

Apr 2020

Oct 2020

Dec 2020

Future Horizons 18.0% Dec 2020
Gartner 9.5% Oct 2020
IC Insights 10.0% Dec 2020
IHS Markit 9.6% Jan 2020
Semiconductor Intelligence 8.0%

8.0%

14.0%

Feb 2020

Aug 2020

Nov 2020

UBS 12.0% Dec 2020
WSTS 6.3%

6.2%

8.4%

Dec 2019

June 2020

Dec 2020

Company 2020 Forecasted Growth As of
Cowan LRA 8.5%

8.2%

7.9%

3.4%

8.4%

9.0%

4.7%

5.0%

Nov 2019

Dec 2019

Jan 2020

Feb 2020

Mar 2020

Apr 2020

Oct 2020

Dec 2020

Future Horizons 4.0%

10-15%

7.0%

Nov 2019

Jan 2020

Dec 2020

Gartner -0.9%

3.3%

Apr 2020

Oct 2020

IBS -11.7% Apr 2020
IC Insights 3.0%

8.0%

July 2020

Dec 2020

IDC -4.2% May 2020
McKinsey -10.0% Apr 2020
Omdia 2.5% May 2020
Research and Markets 1.2% July 2020
Semico Research 3.3%

5.3%

Aug 2020

Nov 2020

Semiconductor Intelligence 1.0%

5.5%

Aug 2020

Nov 2020

UBS 7.0% Dec 2020
WSTS 5.9%

3.3%

5.1%

Dec 2019

June 2020

Dec 2020

Company 2019 Forecasted Growth As of
Cowan LRA 4.5%

5.2%

4.6%

5.0%

5.0%

5.0%

5.5%

5.3%

-10.3%

-12.3%

-12.8%

-11.8%

-12.9%

-12.7%

-12.7%

-12.9%

-12.7%

-12.0%

Mar 2018

Apr 2018

May 2018

June 2018

July 2018

Aug 2018

Oct 2018

Nov 2018

Apr 2019

May 2019

June 2019

July 2019

Aug 2019

Sep 2019

Oct 2019

Nov 2019

Dec 2019

Jan 2020

Gartner 7.0%

2.6%

-3.4%

-9.6%

-11.9%

July 2018

Jan 2019

Apr 2019

July 2019

Jan 2020

IBS 0.2% Jan 2019
IC Insights 4.0%

2.0%

-9.0%

-13.0%

-15.0%

-16.0%

July 2018

Jan 2019

May 2019

May 2019

July 2019

Jan 2020

IDC -7.2% May 2019
IHS Markit 4.0%

-7.4%

-12.5%

-12.4%

July 2018

May 2019

June 2019

Dec 2019

Morgan Stanley -5.0% Jan 2019
Objective Analysis -5.0% Dec 2018
Semico Research -0.7%

-10.5%

Jan 2019

June 2019

Semiconductor Intelligence -10.0%

-15.0%

-15.0%

Mar 2019

June 2019

Sep 2019

UBS -4.3% Dec 2018
VLSI Research -3.8%

-2.7%

-12.0%

June 2018

Jan 2019

June 2019

WSTS 4.4%

5.2%

-3.0%

-12.1%

-13.3%

-12.8%

June 2018

Aug 2018

May 2019

June 2019

Aug 2019

Dec 2019

Year Semiconductor Revenue ($B) YoY Growth
1994 $101.o8 32.2%
1995 $144.4 41.8%
1996 $131.9 -8.7%
1997 $137.2 4.0%
1998 $126.6 -7.7%
1999 $149.4 18.0%
2000 $204.4 36.8%
2001 $138.9 -32.0%
2002 $140.8 1.4%
2003 $166.4 18.2%
2004 $213.0 28.0%
2005 $227.5 6.8%
2006 $247.7 8.9%
2007 $275.2 11.1%
2008 $243.0 -11.7%
2009 $235.2 -3.2%
2010 $315.5 34.1%
2011 $314.7 -0.3%
2012 $289.0 -8.2%
2013 $318.5 10.2%
2014 $339.4 6.6%
2015 $320.6 -5.5%
2016 $336.0 4.8%
2017 $419.0 24.7%
2018 $457.9 9.3%