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Global Communications Industry to Grow 15.7% to US$673.1 Billion in 2021: MIC
May 21, 2021


Global communications industry is estimated to grow 15.7% and reach US$673.1 billion in 2021, according to MIC (Market Intelligence & Consulting Institute), a major government think tank and IT research institute in Taiwan. “The growth is mainly attributed to the boost in the mobile device market and increasingly strong demand for 5G telecom equipment and datacenters, although the China-U.S. trade war continues to have its toll on the industry’s supply chains,” said Kay Chung, senior industry analyst at MIC.


Taiwan Communications Industry Shipment Value, 2012-2021

Unit: US$100 Million


Source: MIC, May 2021

5G development is another focus area of the industry in 2021. As of the first quarter of 2021, there are 162 telecoms from 68 countries rolled out their 5G commercial services. MIC predicts the number of 5G users will reach over 600 million in 2021, up from 400 million in 2020.

To know more about this topic, please visit:  The Taiwan 5G CPE Industry, 2Q 2021, Analysis of the 2021 Component Shortage in the Communication Industry and Its Outlook, Worldwide Smartphone Market Forecast, 2021 - 2025, Possible Development of the Smartphone and Mobile Processor Markets After Huawei Ban (pre-order), Growth Potential of the 5G Module Market from the Perspective of End Devices (pre-order)
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