Worldwide semiconductor market continues to grow
The worldwide semiconductor market is forecast to be $527bn in 2021, an increase of 19.7% from 2020, according to the European Semiconductor Industry Association (ESIA) based on the latest WSTS forecast data.
The World Semiconductor Trade Statistics (WSTS) has released its new semiconductor market forecast generated in May 2021.
WSTS expects the worldwide semiconductor market growth to rise from 6.8% in 2020 to outstanding 19.7% in the year 2021, which corresponds to a market size of $527bn.
The largest growth contributors are memory with 31.7%, followed by sensors with 22.4% and analogue with 21.7%. All other major product categories are also expected to show double-digit growth-rates, with the exceptions of optoelectronics with 9.8% and MOS Micro with 8.1%.
In 2021, Asia Pacific (including China) is forecasted to show the strongest growth rate with 23.5%, followed by Europe with 21.1%, Japan 12.7% and Americas with 11.1%.
Worldwide semiconductor market growth is expected to further grow in 2022
For 2022, the global semiconductor market is projected to grow to by 8.8% to $573bn, driven by a double-digit growth of the Memory category.
All regions are expected again to show positive growth rates.