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 % | ||||
| 2021 | 2022 | 2023 | 2021 | 2022 | 2023 | |
| Americas | 121,481 | 148,969 | 155,524 | 27.4% | 22.6% | 4.4% |
| Europe | 47,757 | 57,669 | 60,610 | 27.3% | 20.8% | 5.1% |
| Japan | 43,687 | 49,200 | 51,542 | 19.8% | 12.6% | 4.8% |
| Asia Pacific | 342,967 | 390,618 | 411,973 | 26.2% | 13.9% | 5.5% |
| Total world – USD millions | 555,893 | 390,618 | 411,973 | 26.5% | 16.3% | 5.1% |
| Discrete Semiconductors | 30,337 | 33,444 | 679,650 | 26.2% | 10.2% | 3.8% |
| Optoelectronics | 43,404 | 43,534 | 34,708 | 7.4% | 0.3% | 3.7% |
| Sensors | 19,149 | 22,159 | 45,166 | 28.0% | 15.7% | 3.6% |
| Integrated Circuits | 463,002 | 547,319 | 22,959 | 28.2% | 18.2% | 5.4% |
| Analog | 74,105 | 88,324 | 576,817 | 33.1% | 19.2% | 5.7% |
| Micro | 80,221 | 89,363 | 93,318 | 15.1% | 11.4% | 5.3% |
| Logic | 154,837 | 186,971 | 94,065 | 30.8% | 20.8% | 7.3% |
| Memory | 153,838 | 182,661 | 200,539 | 30.9% | 18.7% | 3.4% |
| 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.
