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.