World semiconductor market to reach $347bn in 2015

2nd June 2015

European Semiconductor Industry Association (ESIA)

Siobhan O'Gorman

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The World Semiconductor Trade Statistics (WSTS) anticipates the world semiconductor market to show a moderate growth of 3.4% to $347bn in 2015, driven by all major product categories. The highest growth rates are expected for the optoelectronics and analogue category, with rates of 8.3% and 5.6%, respectively.

By geography, not all regions will grow from 2014. Europe and Japan will show a decline in 2015 in the USD forecast, which is mainly based on the current FX effect between Euro/USD and Yen/USD.

The semiconductor market growth in 2015 will be largely driven by smartphones and automotive.

All major product categories and regions are forecasted to grow positively in each year, with the assumption of a stable macro economy throughout the forecast period.

By 2016, the worldwide semiconductor market is forecast to be up by 3.4%, reaching $359bn. By 2017, the market is forecast to reach $370bn, up by 3.0%.

By end application, automotive and wireless communications are projected to grow stronger than the total market, whereas consumer and computer are assumed to remain almost flat.

By region, a positive growth rate is projected for all regions in 2016 and 2017. Asia-Pacific, which continues to show growth rates above the worldwide average, is the fastest growing region. The semiconductor market in Asia-Pacific is expected to reach $216bn by 2016, which makes up 60% of the total semiconductor market.