Author: Mick Elliott, Contributing Editor
A 16% growth spurt to $611 billion in the global semiconductor market is forecast by World Semiconductor Trade Statistics (WSTS) in a revision of its Spring 2024 forecast.
This revision reflects stronger performance in the last two quarters, particularly in computing end-markets.
For 2024, two IC categories are anticipated to drive the growth for the year with double-digit increases – Logic with 10.7% and Memory with 76.8%.
Conversely, other categories such as Discrete, Optoelectronics, Sensors, and Analog Semiconductors are expected to experience single-digit declines.
The Americas and Asia Pacific regions are projected to see significant growth, with increases of 25.1% and 17.5%, respectively.
In contrast, Europe is expected to show marginal growth of 0.5%, while Japan is forecasted to see a slight decline of 1.1%.
Looking ahead to 2025, WSTS forecasts a 12.5% growth in the global semiconductor market, reaching an estimated valuation of $687 billion.
This growth is expected to be driven primarily by the Memory and Logic sectors, which are on track to soar to over $200 billion in 2025 each, representing an upward trend of over 25% for Memory and over 10% for Logic from the previous year. All other segments are anticipated to record single-digit growth rates.
In 2025, all regions are poised for continued expansion. The Americas and Asia Pacific are expected to maintain their double-digit growth on a year-over-year basis.
