Worldwide Semiconductor Market Expected to Increase 16.3% in 2022
June 17, 2022 | ESIAEstimated reading time: 1 minute
The European Semiconductor Industry Association (ESIA) reports on the release of the new semiconductor market forecast generated in May 2022 by the World Semiconductor Trade Statistics (WSTS). Following a strong growth year of 26.2% in the year 2021, WSTS expects another year of double-digit growth for the worldwide semiconductor market in 2022 with a forecast of US$ 646 billion, up 16.3%.
WSTS forecasts strong chip demand for another consecutive year, with most major categories expected to see high teens year-over-year growth in 2022, led by Logic with 20.8% growth, Analog with 19.2% growth, and Memory with 18.7% growth. Optoelectronics remains the weakest category in the forecast and is expected to be roughly flat (+0.3%) year-over-year.
In 2022, all geographical regions are expected to show growth. The largest region, Asia Pacific, is expected to grow 13.9%. The Americas are expected to show growth of 22.6%, Europe 20.8%, and Japan 12.6%.
Worldwide semiconductor market growth is expected to grow further in 2023
For 2023, the global semiconductor market is projected to grow by 5.1% to US$ 680 billion, driven by mid-single digit growth in the Logic and Analog categories. In this latest forecast, the Logic category is projected to reach US$ 200 billion in 2023, roughly 30% of the total market.
All other product categories are also expected to show positive growth rates. All regions are expected to grow in 2023.
Suggested Items
LPKF Receives Major Customer Order in Solar
03/18/2024 | LPKFThe technology company LPKF Laser & Electronics SE has once again received a major order in the solar market, continuing its long-standing successful collabo[1]ration with a leading international manufacturer.
Asia/Pacific PC Market Dropped 16.1% in 2023
03/18/2024 | IDCThe traditional PC market (Desktops, Notebooks, and Workstations) in Asia/Pacific (including Japan and China) posted a 16.1% decline in 2023 to 97.4 million units, according to the International Data Corporation (IDC) Quarterly Personal Computing Devices Tracker, Q4 2023. Shipments are not expected to rebound significantly in 2024 due to weak demand and a slow economic recovery.
Terran Orbital Unveils Next-Generation SmallSat GEO Solution
03/15/2024 | BUSINESS WIRETerran Orbital Corporation, a global leader in satellite-based solutions primarily serving the aerospace and defense industries, announced their entrance into the small satellite geosynchronous orbit (GEO) market with their SmallSat GEO™ solution for satellites above 500kg.
HBM3 Initially Exclusively Supplied by SK Hynix, Samsung Rallies Fast After AMD Validation
03/15/2024 | TrendForceTrendForce highlights the current landscape of the HBM market, which as of early 2024, is primarily focused on HBM3. NVIDIA’s upcoming B100 or H200 models will incorporate advanced HBM3e, signaling the next step in memory technology.
Global Shipments of PC Workstations Shrank Nearly 9% in 2023
03/15/2024 | IDCThe global desktop and mobile workstation market reported a slight recovery as it exited 2023, with unit shipments growing 6.1% year over year in the fourth quarter (4Q23).