The global semiconductor market is expected to grow 12.5% year over year to reach $522 billion in 2021, according to the International Data Corporation. Per the World Semiconductor Trade Statistics (WSTS), the worldwide semiconductor market is expected to surge 25% in 2021 following 6.8% growth in 2020. All major product categories will likely see increases with memory set to register the largest revenue growth of 37.1%, followed by 29.1% growth in the analog segment and 26.2% in logic (read: 4 Chip ETFs You Should Not Ignore).