In a statement, the company said this represented the final figures for the year.
“The events behind the current chip shortage continue to impact original equipment manufacturers around the world, but the 5G smartphone ramp-up and a combination of strong demand and logistics/raw material price increases drove semiconductor average selling prices higher, contributing to significant revenue growth in 2021,” said Andrew Norwood, research vice-president at Gartner.
In its preliminary figures, issued in January, Gartner had said the total revenue was US$583.5 billion.
Norwood said the biggest shift in the vendor ranking in 2021 was HiSilicon dropping out of the top 25.
“HiSilicon’s revenue declined 81%, from US$8.2 billion in 2020 to US$1.5 billion in 2021,” he said. “This was a direct result of the US sanctions against the company and its parent company Huawei.
“This also affected China’s share of the semiconductor market as it declined from 6.7% share in 2020 to 6.5% in 2021.
"South Korea had the largest increase in market share in 2021 as strong growth in the memory market propelled [it] to garner 19.3% of the global semiconductor market.”
The Gartner statement said the automotive market outperformed all others, growing 34.9% in 2021.
"Wireless communications, which is dominated by smartphones, saw growth of 24.6%. The number of 5G handsets produced reached 556 million in 2021, up from 251 million units in 2020, and enterprises upgraded their Wi-Fi infrastructure for employees heading back to the office," the company added.
"Driven by DRAM, memory accounted for 27.9% of semiconductor sales in 2021 and experienced 33.2% revenue growth, increasing US$41.3 billion over the previous year.
"Memory continued to benefit from the key demand trend in the last couple of years — the shift to home/hybrid working and learning.
"This trend fuelled increased server deployments by hyperscale cloud service providers to satisfy online working and entertainment, as well as a surge in end-market demand for PCs and ultramobiles."