Highlights

• We estimate that the global semiconductor market will reach USD 520 billion by 2023, up 21.21% from this year's USD 429 billion
• Artificial Intelligence (AI) chip market is projected to grow at a 41% CAGR, reaching USD 41.25 billion by 2023
• In the next few years, Moore's law is likely to steam up, with transistor allocation taking a three-dimensional shape
• The Central Processing Unit (CPU) – the 'one-man army' of the semiconductor world – will inevitably lose much of its clout in the industry to Application-Specific Integrated Circuits (ASIC)
• The use of new materials, complex SoC integration and other symptoms of 'more-than-Moore' will spur progress across a handful of areas both at different stages of a certain value chain and between verticals that previously weren't linked