Global semiconductor market expected to grow 16.3% in 2022
Following a strong growth year of 26.2% in the year 2021, World Semiconductor Trade Statistics (WSTS) expects another year of double-digit growth for the worldwide semiconductor market in 2022 with a forecast of USD 646 billion, up 16.3%, reports ESIA.
WSTS forecasts strong chip demand for another consecutive year, with most major categories expected to see high teens year-over-year growth in 2022, led by Logic with 20.8% growth, Analog with 19.2% growth, and Memory with 18.7% growth. Optoelectronics remains the weakest category in the forecast and is expected to be roughly flat (+0.3%) year-over-year.
In 2022, all geographical regions are expected to show growth. The largest region, Asia Pacific, is expected to grow 13.9%. The Americas are expected to show growth of 22.6%, Europe 20.8%, and Japan 12.6%.
Worldwide semiconductor market growth is expected to grow further in 2023
For 2023, the global semiconductor market is projected to grow by 5.1% to USD 680 billion, driven by mid-single digit growth in the Logic and Analog categories. In this latest forecast, the Logic category is projected to reach USD 200 billion in 2023, roughly 30% of the total market.
All other product categories are also expected to show positive growth rates. All regions are expected to grow in 2023.
|Spring 2022||Amounts in USD million||YoY growth in %|
|Total world – USD millions||555,893||390,618||411,973||26.5%||16.3%||5.1%|
|Total products – USD millions||555,893||646,456||679,650||26.2%||16.3%||5.1%|
Note: 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.