Due to the COVID-19 situation, WSTS was unable to have a forecast meeting. This forecast was developed using the online forecast tool by WSTS member companies.THE WORLDWIDE SEMICONDUCTOR MARKET IS EXPECTED TO INCREASE 3.3 PERCENT IN 2020, ACCELERATING TO 6.2 PERCENT IN 2021Worldwide Semiconductor Market is forecasted to be US$ 426 billion in 2020 - an increase of 3.3 percent from 2019The World Semiconductor Trade Statistics (WSTS) has released its new semiconductor market forecast generated in May 2020.WSTS expects the world semiconductor market to be up by 3.3 percent to US$ 426 billion in 2020. This reflects expected increase in Integrated Circuits, except Analog, with an increase from Memory at 15.0 percent, followed by Logic with 2.9 percent. In 2020, Americas and Asia Pacific are expected to grow.Worldwide Semiconductor Market growth is expected to acceleate in 2021For 2021, the global semiconductor market is projected to grow by 6.2 percent, driven by double-digit growth of Memory. All regions are expected to show a positive growth rate.