https://www.wsts.org/76/Recent-News-ReleaseThe World Semiconductor Trade Statistics (WSTS) has recently published its latest forecast for the semiconductor market, generated in November 2023.Exceeding the spring projections with slightly better Q2 and Q3 results, WSTS has revised its forecast, anticipating a single-digit contraction in the global semiconductor market of 9.4 percent in 2023. However, this is anticipated to be followed by a robust recovery, with an estimated growth of 13.1 percent in 2024.The updated market valuation for 2023 is now estimated at US$520 billion, marking a 9.4 percent decline from previous year.Reflecting the stronger performance observed in the last two quarters, WSTS has revised its growth projections slightly upward, noting improvements in certain end-markets. For 2023, Discrete Semiconductors, primarily propelled by Power Semiconductors, are projected to experience a 5.8 percent year-over-year growth. However, all Integrated Circuit categories, including Analog, Micro, Logic, and Memory, are anticipated to witness an 8.9 percent decline compared to the previous year. This downturn, though significant, is less pronounced than initially forecasted in May 2023.For the year 2023, only the European market is projected to experience growth, with an increase of 5.9 percent. Conversely, the remaining regions are anticipated to face a downturn, with the Americas expected to decline by 6.1 percent, the Asia Pacific region by 14.4 percent and Japan by 2.0 percent.Anticipated Revival in the Global Semiconductor Market for 2024The outlook for 2024 points to a vigorous upswing in the worldwide semiconductor market, with projections indicating a 13.1 percent increase, reaching a valuation of US$588 billion. This growth is expected to be largely fuelled by the Memory sector, which is on track to soar to around US$130 billion in 2024, representing an upward trend of over 40 percent from the previous year. The majority of other principal segments, including Discrete, Sensors, Analog, Logic, and Micro, are also expected to record single-digit growth rates.From a regional standpoint, all markets are poised for ongoing expansion in 2024. The Americas and Asia Pacific, in particular, are forecasted to demonstrate significant double-digit growth on a year-over-year basis.WSTS Forecast SummaryNote: Numbers in the table are rounded to whole millions of dollars, which may cause totals by region andtotals by product group to differ slightly. About WSTS:World Semiconductor Trade Statistics (WSTS) was founded in 1986 as a non-profit organization of semiconductor product companies and is the industry’s only source for monthly industry shipment statistics. For more information, please visit the WSTS web site at www.wsts.org. Editorial Contacts:For further information please consult the WSTS Administrator and CEO – Tobias Pröttel (tp@wsts.org).

https://www.wsts.org/76/Recent-News-ReleaseThe World Semiconductor Trade Statistics (WSTS) has recently published its latest forecast for the semiconductor market, generated in May 2023.The Global Semiconductor Market is predicted to experience a downturn of 10.3 percent in 2023. However, this is anticipated to be followed by a robust recovery, with an estimated growth of 11.8 percent in 2024.After observing a modest growth of 3.3 percent in the year 2022, WSTS has adjusted its forecast to reflect a more substantial, double-digit decrease in the worldwide semiconductor market for 2023. The estimated market size is projected to reach US$515 billion, indicating a decrease of 10.3 percent. WSTS has adjusted its growth projections downwards in response to increasing inflation and weakening demand in end markets, particularly those relying on consumer spending. Although two primary categories, Discrete and Optoelectronics, are predicted to sustain single-digit year-over-year growth in 2023, at 5.6 percent and 4.6 percent respectively, other categories are anticipated to shift into negative growth. This includes Memory, which is forecasted to decline by approximately 35 percent year over year.For the year 2023, the European and Japanese markets are projected to experience growth, with respective increases of 6.3 and 1.2 percent. Conversely, the remaining regions are anticipated to face a downturn, with the Americas expected to decline by 9.1 percent and the Asia Pacific region by 15.1 percent.Worldwide Semiconductor Market is expected to rebound strongly in 2024Looking ahead to 2024, the global semiconductor market is forecasted to surge by 11.8 percent, amounting to US$576 billion. This expansion is anticipated to be primarily driven by the Memory segment, which is projected to recover to US$120 billion in 2024, marking an over 40 percent increase compared to the previous year. Nearly all other key categories, including Discrete, Sensors, Analog, Logic, and Micro, are projected to exhibit single-digit growth.In terms of regional perspectives, all areas are expected to see sustained growth in 2024. Notably, the Americas and Asia Pacific regions are estimated to showcase robust double-digit year-over-year growth.WSTS Forecast SummaryNote: Numbers in the table are rounded to whole millions of dollars, which may cause totals by region and totals by product group to differ slightly. About WSTS:World Semiconductor Trade Statistics (WSTS) was founded in 1986 as a non-profit organization of semiconductor product companies and is the industry’s only source for monthly industry shipment statistics.For more information, please visit the WSTS web site at www.wsts.org.

https://www.wsts.org/76/Recent-News-ReleaseThe World Semiconductor Trade Statistics (WSTS) has released its new semiconductor market forecast generated in November 2022.The Worldwide Semiconductor Market is expected to slow to 4.4 percent growth in 2022, followed by a decline of 4.1 percent in 2023.Following a strong growth of 26.2 percent in the year 2021, WSTS revised its forecast down to a single digit growth for the worldwide semiconductor market in 2022 with a total size of $580 billion, up 4.4 percent. WSTS forecast lowered growth estimation as inflation rises and end markets seeing weaker demand, especially those exposed to consumer spending. While some major categories are still expected to see double-digit year-over-year growth in 2022, led by Analog with 20.8 percent, Sensors with 16.3 percent, and Logic with 14.5 percent growth. Memory is expected to tourns negative in the forecast and decline with 12.6 percent year over year.In 2022, all geographical regions are seen to show double-digit growth except Asia Pacific. The largest region, Asia Pacific, is expected to decline 2.0 percent. The Americas region is expected to show growth of 17.0 percent, Europe 12.6 percent, and Japan 10.0 percent. Worldwide Semiconductor Market is expected to decline slightly in 2023For 2023, the global semiconductor market is projected to decline by 4.1 percent to US$ 557 billion, driven by the Memory segment. In this latest forecast, this category is projected to fall to US $112 billion in 2023, dropping by 17% compared the previous year. Some other major categories showing single digit growth like Optoelectronics, Sensors, Discrete and Analog.All regions are expected to remain flat in 2023, only Asia Pacific is estimated to decline with 7.5 percent year over year.